Porsche to Debut in Real Estate Sector with Luxury Condos

Porsche, the luxury automobile manufacturing giant is reportedly planning a grand entry into the real estate sector with a luxury high-rise condo apartment building slated to be completed by 2016 in Miami, Florida, according to several media reports.

The posh condo apartment called "The Porsche Design Tower" will be a 57-floor, 132-unit apartment building. Porsche is developing the property with popular real estate firm, Dezer Developers. Designed by the Sieger Suarez Architectural Partnership, the high-rise will be one of a kind, reports Luxurylaunches.com.

The most interesting feature of the building is that it will have a separate robotic elevator for your car! So, if you had once dreamed of driving directly to your doorstep, this might just be a possibility.

The car elevators follow a three-step procedure. Firstly, the car is scanned, then it is placed onto a turntable, aligning the car with the lift and finally, a robotic arm takes the vehicle into one of the three glass elevators and takes you to your respective condo in the building! However, one can also opt for a passenger-only lift, while a valet parks your car through the robotic lift. A special car concierge will take care of car maintenance in the building. All the cars will be parked in a sky-garage.

According to the Wall Street Journal, the condos will range from 4200 to 17,000 square feet in size and the price will range from somewhere around $4.5 million to $25 million. Almost 50 percent of the condos have already gone under the escrow, representing proceeds of around $400 million.

The condos will have large floor-to-ceiling glass windows that will allow ample views of the car-garage. The apartments will have modern European architectural design with amenities like private pools in each unit and summer kitchens as well.

Check out the renderings of the "Porsche Design Tower", here.

Talking about all things luxury, a Porsche owner recently gave his/her Porsche Panamera a "velvety" look!

Check out a video of a velvet Porsche below:

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