Another group of Miami developers is looking to cash in on Miami’s luxury car collectors.
Louis Birdman and Jay Massirman are leading the development of AutoHouse, a seven-story, 45-unit car storage facility with a “Collectors Club” in Miami’s Overtown neighborhood. Units will range from $350,000 to more than $1.5 million and will come with the option to include wet bars, audiovisual systems and other “man cave” features. Owners will access their units via a 24-hour secured lobby with car elevators.
There will also be a social club on the penthouse level, designed by ID & Design International with indoor and outdoor spaces and views of downtown Miami and Overtown. Other amenities will include private dining, a Formula 1 simulator and wine storage.
Land prices in recent years have surged in Overtown, an historically African-American neighborhood where mixed-use projects like MiamiCentral and Miami Worldcenter are under construction.
Luxury car storage has also popped up in Coral Gables, where a group of local developers is building Gables Auto Vault, a five-story luxury car storage condo. Prices there range up to $2 million for a unit that can hold up to 20 cars.
Massirman, a storage developer, said “upscale” storage has been in demand. “In major cities, people don’t have the room to store their 25-car collection, so they have to either trust third-party garages or bear the burden of managing their own warehouses,” he said.