Monterey Motorsport Park announced as the next evolution in upscale garage-condos
Garage Unlimited of Monterey — a private, gated specialty garage-condo facility located in the Ryan Ranch area of Monterey — has sold out. The unique community for car collectors and motorsports enthusiasts consists of 46 car and storage condos with from 744 sq. ft. to 2,701 sq. ft. of space. Construction at the car community just wrapped up in April. But with a substantial number of units pre-sold prior to the opening, the remainder of the garage-condos sold out in less than seven months.
“Monterey has always had a special fondness for the automobile,” said Ralph N. Borelli, chairman of Borelli Investment Company, one of Garage Unlimited of Monterey’s co-developers. “With the natural beauty of the area and all the events surrounding Monterey Car Week each August — such as The Quail: A Motorsports Gathering, the Pebble Beach Concours d’Elegance collector car competition and races at Mazda Raceway Laguna Seca — the Monterey Peninsula is a unique place to drive or show off your favorite cars. This created significant demand for specialty garage space among both local residents and those who regularly visit the area.”
The development team included: Ralph Borelli of Borelli Investment Company; Dennis Chambers of Cushman & Wakefield; Gordon McCall of McCall Events, and Case Swenson of SWENSON. Dennis Chambers and Josh Jones of Cushman & Wakefield and Ernie Lostrom of Lostrom & Company, Inc. were the brokers.
The Latest Garage-Condo Community
Even with the closeout of sales at Garage Unlimited of Monterey, those who missed out need not despair. The same development team that completed Garage Unlimited has just announced that they have begun taking reservations at Monterey Motorsport Park, a new garage-condo community slated to begin construction in the spring of 2018 along Highway 68 adjacent to Monterey Regional Airport. Learn more about the team
Monterey Motorsport Park is a four-building facility with 88 garage-condos ranging from slightly less than 700 sq. ft. to more than 4,250 sq. ft. — with the possibly of combining units to create even larger spaces, if desired. The fully fenced and access-controlled complex will elevate the Garage Unlimited concept to an even higher level, with a modern design featuring clean lines, stone wall treatments, entry canopies, and more.
Soaring ceilings will again accommodate mezzanines 14 feet above the garage floors. These mezzanines will be accessible by interior staircases and are expected to be customized by owners into offices or den-like spaces for entertaining or relaxing with friends. Connections will be provided for owners who want to arrange for Internet access or cable television. See more details
Oversized rollup doors will make moving cars in and out easy — and a number of the condos can accommodate larger vehicles such as motor-coaches or boats. The garage-condos can also be used to store business materials or personal things such as furnishings from a second home, a child’s college apartment furniture or extensive holiday decorations — to free up needed garage space at home.
Reservations Already at 30% During Pre-construction Period
Once again, the pent-up demand for upscale car storage options is driving early reservations to unprecedented levels. Already, more than 30% of the units at Monterey Motorsport Park have been spoken for — more than a year before the scheduled opening in early 2019.
“Reserving a garage-condo during pre-construction offers the added benefit of being able to request changes such as moving walls, modifying interior features like the mezzanine or installing special climate control systems for car or wine storage,” Borelli explained. “Once the city approves our plans and construction drawings are finalized, we’ll have very little flexibility to make structural changes. So now’s the time to put your name on a unit.”