Passion investing — putting a percentage of your wealth into something you love — has become highly popular over the past decade or so. The concept is so well accepted that many investment advisors suggest that their clients allocate a fixed percentage — perhaps 15 to 20% of their wealth — in this investment category.

What’s a passion investment? Typically, it’s something you’d spend your money on even if you weren’t considering it as an investment, which then grows over time as you recognize the value that’s being created by your collection. Here are some of the leading types:

• Art
• Antiques
• Collector cars and motorcycles
• Coins, stamps and firearms
• Fine wines
• Historical collectibles
• Jewelry
• Sports or entertainment memorabilia

For some, it could even mean buying a small winery or some vineyard acreage to indulge in a passion to produce their own wine. The point is: these are all investments in which you take a great deal of personal pleasure while you watch their value grow over time.

Collector Cars Racing Ahead with 500% Return

One of the fastest moving passion investments has been car collections. In a 2016 report, CNBC’s Deborah Nason said, “Classic cars are gaining attention due to their nearly 500% returns over the past decade, outpacing art and wine by more than 100%, as reported by the Knight Frank Luxury Investment Index.”

The most valued nameplates include Aston Martins, Ferraris and Porsches, but lately a wider range of cars including American muscle cars and more recent models are showing solid gains for collectors as well.

The rapid appreciation in value has shifted cars out of the realm of casual collectibles and into a serious asset class. And just as you wouldn’t tuck away a Picasso or Rembrandt in your closet or keep a wine rack full of $10,000 Bordeaux’s in your front room, it doesn’t make sense to store even a modest collection of classic cars in friends’ garages or a dusty warehouse or ministorage unit.

Monterey Motorsport Park represents the next generation of specialized garage-condos perfectly suited to car collectors’ needs. The four-building complex located just off Hwy 68 adjacent to the Monterey Airport provides security-conscious, access-controlled storage plus a fun car-driven community — with many owners who share your interest in car collecting.

Matching your Passion for Cars

The exclusive, upscale facility has a total of 86 car and storage condos ranging from less than 700 sq. ft. to nearly 2,600 sq. ft.

These garage-condos are ideal for car collectors with any size of collection, RV or boat owners, or anyone who needs additional storage space for their business or personal items such as furniture from a vacation home, recreational equipment, or anything that’s been cluttering your home garage. Attractive features include:

• A stylish design with modern clean lines, stone treatments and welcoming entry canopies
• Ceilings soaring up to 25 feet, with large roll-up doors up to 14’ x 14’, 12’ x 14’ or 12’ x 12’, depending upon your unit’s location — and a standard walk-in door as well
• Mezzanines 13 feet above the garage floor, accessible via an interior staircase. Many owners are planning to customize this space into an office or personal retreat — with a large-screen TV, sofa, wet bar, and more to enjoy their favorite races or sporting events.
• High-speed fiber-optic Internet to opt in to whatever level of Comcast broadband service and cable TV you desire
• Completely fenced complex with access-controlled entry gates, abundant lighting, video in perimeter areas, and a next-generation, pro-active remote guarding service

The best part is: just like the passion assets you’re collecting, your investment at Monterey Motorsport Park has the potential to appreciate in value over the coming years — like precious real estate on the Monterey Peninsula has done for decades. You also have potential tax benefits if you use the space for business purposes. As always, you should consult with your CPA or tax professional about the specific benefits you may enjoy.

Opening Scheduled for Q4 2019

Construction at Monterey Motorsport Park is moving rapidly ahead, with an expected completion in Q4 2019. But now is definitely the best time to reserve your unit!

Not surprisingly with the ideal value and location and these additional benefits, approximately 50% of the units are already sold after just a few months! So don’t delay. Contact us today!

The humble garage. When it was first conceived, it seemed like a fine idea: an enclosed space in which to park the family cars and protect them from heat and cold, rain and the occasional passing seagull. But somewhere along the way, the idea of a traditional attached garage has been run off the road.

Rather than hosting cars, garages have been outfitted with pool or ping-pong tables or arcade games and transformed into an entertainment space. Or they have been made into home gyms, complete with a set of bar bells and maybe a treadmill that if only the person who bought them would use the darn things, there would be no reason to go to the next higher pant size.

Guys have also gotten carried away and decided that it would be even better if they could use their garage as a makeshift shop for do-it-yourself auto service or modifications — filling the space with tools, test instruments and un-drivable vehicles with their parts scattered all over the floor for months at a time.

And in what little room may be left, your guy has likely squeezed in camping gear, sports equipment or what have you. In other words, just about anything that you won’t let him bring into the house, he stashes in the space where you’d like to simply park your car.

Ladies Love Garages Too

But lest you laugh a little too loudly, ladies, we see you looking longingly at your garage space as well.

Unless you’re a car gal — and there are a growing number of those today — your interest in the space may have nothing to do with motor vehicles. But we know that you’re filling it with boxes of Christmas ornaments, clothes and shoes you’ve removed from your closet but can’t part with, furniture, extra household items, and who knows what else? Where does all this stuff come from?

In the meantime, your family’s cars are looking lonely and exposed parked in your driveway or at the curb.

Bring your Cars in from the Cold at Monterey Motorsport Park

It’s time to take your garage back!

Monterey Motorsport Park offers upscale Monterey garage storage adjacent to the airport. You’ll find 86 unique garage-condos — ranging from under 700 sq. ft. to nearly 2,600 sq. ft. of space. This will let you clear out your home’s garage, so you can finally park your cars where they belong. These garage-condos are ideal for:

• Storing and wrenching on your cars or motorcycles to your heart’s delight
• Packing in a variety of household items such as holiday decorations, extra furniture from your vacation home, your kids’ college furnishings, boxes of personal files, and more
• Storing business equipment or supplies
• Parking a luxury motorhome, RV or boat (selected units)

Other features offered by Monterey Motorsport Park’s garage-condos include:

• Ceiling heights up to 25 feet, creating room for a spacious mezzanine 13 feet above the garage floor, accessible by an interior staircase
• These mezzanines can be customized into offices or personal retreats with high-speed Internet and cable TV options, helping to create what will be a unique car-driven community
• A well-planned design for the complex that includes access-controlled entry, abundant lighting and video in perimeter areas — plus a next-generation, pro-active remote guarding service
• The opportunity to own, not lease, your unit, locking in today’s property values and low interest rates, and offering the potential for generous appreciation over time — especially with the number of residences in places such as Carmel that have inadequate garage space…or no attached garage at all

These Monterey Car Storage Condos Are Going Fast

No doubt these garage-condos sound like the perfect way to finally be able to use your garage at home. Then, it should be no surprise how fast these units are selling!

Already, approximately 50% of the garage-condos at Monterey Motorsport Park are spoken for, with construction to slated to be completed until Q4. Don’t wait! Contact us today!

February is one of the rainy months in the Bay Area. But not THAT rainy! If you were keeping track at home, yes indeed, 19 of February’s 28 days were wet. That’s more than two-thirds of the month. And yet, the crews assembled by co-developer and general contractor, SWENSON, managed to keep things steadily moving at Monterey Motorsport Park.

Here are some of the highlights of the construction work that’s taken place in the past two months at the unique garage-condo facility and car enthusiast community along Highway 68 adjacent to the Monterey airport:

• 10,872 sq. ft. of plywood sheeting has been installed to create the full façade on Building A at the four-building complex
• Building A also incorporates 195,000 pounds of light gage steel framing, wall panels and roofing AND 150,000 screws. (So, no need to personally count these!)
• Concrete was poured in February for Building C’s lower flooring slab and Building D’s lower footings
• Building B’s slab was just poured on March 23rd — so only Building D’s upper footings and slab remain to be poured, most likely in April
• Building A’s steelwork, as noted above, is complete. Building B’s steel will be next. Deliveries have also been set for Building C’s steel to arrive on-site in late April and Building D’s steel in mid-June.

As you can see, excellent progress is being made on the construction of Monterey Motorsport Park — with completion continuing to be targeted for Q4 this year. Stay up to date on the progress by following our live construction cam.

Still Waiting for the Right Time to Buy?

Well, that time is now. With roughly half of the garage-condo inventory at Monterey Motorsport Park already gone and purchase agreements now being finalized, the selection is dwindling fast.

Monterey Motorsport Park truly represents a new vision for luxury garage-condos, perfect for every car collector, motorsports enthusiast or any individual or business looking for top-quality, garage-type storage space in a gated complex with proactive security monitoring.

Plus, the big benefit is that with each unit boasting a spacious mezzanine that can be customized into a luxury retreat or personalized office, this is where your friends and business associates will be hanging out on race weekends, during Monterey Car Week in August, or anytime people want to relax and enjoy all the attractions of the spectacular Monterey Peninsula (which when you think about it, is pretty much every weekend).

Don’t get left at the starting line — or miss the opportunity to choose the unit of your dreams. You’ll also want to lock up your garage-condo purchase while interest rates remain low by historical standards — and secure a commercial real estate investment with an excellent chance to appreciate significantly over the coming years. (Check with your CPA or tax advisor with any questions.)

For pricing or additional information, contact:

• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106
• Ryan Clark, Cushman & Wakefield, Ryan.p.Clark@cushwake.com, (831) 755-1635
• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760

You can also get in touch with Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or you can contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.

As a collector, you’ve hopefully discovered that Monterey Motorsport Park — located adjacent to the Monterey airport — offers the ideal solution to the challenge of finding a convenient place to securely store your cars, where you can easily enjoy and work on them and share your hobby with other auto enthusiasts.

But it’s only natural to want to maximize both the space in your garage-condo and the value of your investment. The answer is single-post lifts such as the ones manufactured and marketed by American Custom Lifts.

Make the Most of Your Space

Now, you can purchase whatever size of unit that meets your budget requirements and still easily fit your cars into your garage-condo.

Every unit at Monterey Motorsport Park has an extraordinary amount of vertical space — up to 13 feet under the mezzanine and as high as nearly 25 feet elsewhere. With lifts such as American Custom Lift’s affordable M-1 single-post lifts, you can easily double the number of cars you can fit into a given space.

These single-post lifts offer numerous advantages:

• Better use of space than two-post and four-post designs
• Fewer posts in your unit, to reduce the danger of scratching your cars or dinging a mirror during entry or exit
• Up to 82” of clearance on its top lock — positive locking mechanism for optimum safety
• Adjustable track width to accommodate virtually any vehicle
• Supports up to 6,500 lbs.

American Custom Lifts is just one of a number of vendors that you can contact if you’re interested in looking into single-post lifts to make the most of your garage-condo space. View our unit layouts to see how you can use a lift to get the most out of your space

An Uplifting Investment

Monterey Motorsport Park offers car collectors and motorsports enthusiasts that rare opportunity to take advantage of a promising investment and be part of something you’re passionate about at the same time.

In the past, investments in Monterey Peninsula property have performed very well. And while there can be no guarantees about Monterey Motorsport Park’s future prospects, previous developments such as Garage Unlimited of Monterey have demonstrated strong resale values — even in the short term. Long-term prospects may be even better. As always, you should consult with an investment advisor or your CPA before buying.

Beyond the intrinsic investment value, this is something you can really enjoy. A community of owners just like you. Who are passionate about cars or motorcycles. And who are planning to use the mezzanines in every unit to create leisure spaces with fiber-optic Internet connections and optional cable TV or personal offices where they’ll look forward to spending time with friends and associates — especially on race days or during Monterey Car Week. This just may become your home away from home.

Units Going Quickly

Construction is well underway, as you can see from our live cam, and units are selling fast. We expect owners to be able to move in before the end of the year. To learn more about Monterey Motorsport Park or contact suppliers of single-post lifts to check out how they can help you get more out of your space, reach out to our brokerage team:

• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106
• Ryan Clark, Cushman & Wakefield, Ryan.p.Clark@cushwake.com, (831) 755-1635
• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760

You can also contact Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or you can contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.

If you’re a collector or car enthusiast who has a physical disability, Monterey Motorsport Park is offering a selection of car-condo units designed to fully meet the requirements of the Americans with Disabilities Act (ADA).

Units 9B, 15C and 16C all offer the following accommodations:

• An ADA-compliant lift that enables you to easily reach the mezzanine, 13 feet above the garage floor in your two-story unit
• An accessible path of travel from your parking spot at the door into your unit
• An accessible path of travel as well from your unit to ADA-compliant restrooms located in both Buildings B and C within the four-building complex

Unit 9B features just under 1,000 sq. ft. of space — including the mezzanine — while units 15C and 16C provide a bit less than 1,100 sq. ft. of space. The convenient interior ADA-compliant lifts allow owners of all abilities to avoid the stairs and take full advantage of the mezzanine to create a personal office or a comfortable getaway retreat to relax in and watch TV. Fiber optic Internet connections provide a choice of high-speed plans and VoIP phone service, while cable TV options are also available.

One-of-a-Kind Car Community

Of course, the biggest benefit is that you’ll be part of this car-driven community, where you can meet and mingle with others who share your passion for car collecting or motorsports. Monterey Motorsport Park is an ideal place to gather on race weekends for competitions at nearby  WeatherTech Raceway Laguna Seca, during Monterey Car Week each August, or in fact, anytime you simply want to hang out with friends or business associates.

Units Going Quickly

Although construction has only been underway for a couple of months (check out our live cam here), approximately half of the units at Monterey Motorsport Park are already spoken for. And with only three ADA-compliant units remaining, if you have an interest in one of these, you’ll want to contact our brokerage team right away.

• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106
• Ryan Clark, Cushman & Wakefield, Ryan.p.Clark@cushwake.com, (831) 755-1635
• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760

You can also contact Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or you can contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.

Ryan Clark has joined the brokerage team marketing Monterey Motorsport Park’s luxury garage-condos at the unique car community complex adjacent to the Monterey airport.

After starting his commercial real estate career at a boutique brokerage based in the Monterey area, Ryan moved two years ago to Cushman & Wakefield, one of the nation’s largest commercial real estate services companies. Although hospitality is a specialty driven by the destination nature of the Monterey marketplace, Ryan has amassed broad experience — handling transactions in office, retail, industrial, and multi-family segments as well.

$25 Million in Escrow

Ryan currently has more than $25 million worth of deals in escrow — put together through his extensive market knowledge and the strong relationships he’s built within the Monterey Peninsula area. Buyers who are interested in purchasing a Monterey Motorsport Park garage-condo and then leasing the unit to an individual or business could benefit greatly from working with Ryan and leveraging his deep database of tenants, as well as Ryan’s ability to help negotiate leases on an owner’s behalf.

Equally important, because Ryan brings both a firm commitment to individualized client service that he developed from his time in the boutique brokerage world together with the powerful market resources and broad access of Cushman & Wakefield, clients get a high-quality experience every time.

And now, Ryan is delivering all that as he works with buyers interested in this one-of-a-kind, high-end community for car collectors or anyone who needs secure storage for valuable assets, or a place to run a small business, especially one in a car-related niche.

Construction Proceeding Even in our Wet Winter

Construction of the four-building, 90,000 sq. ft. complex is moving steadily ahead, even in the face of the wet weather we’ve been experiencing. Owner move-in remains comfortably scheduled for the last quarter of this year.

The stunning, multi-purpose design of the 86 units offers owners a spacious garage/shop environment on the ground floor, with additional space in a mezzanine that’s 13 feet overhead — accessible via an interior staircase. Most owners are planning to customize this space into either a luxury retreat — with TV, wet bar and more — or convert it into a personal office. The facility features fast fiber-optic Internet service options, cable TV connections, pro-active remote guarding security, EV charging stations, and more.

More Information

Check out the construction progress on our live cam. And find out more about these unique garage-condos from Ryan Clark, Dennis Chambers or Josh Jones. But don’t wait. Inventory is dwindling quickly!

• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106
• Ryan Clark, Cushman & Wakefield, Ryan.p.Clark@cushwake.com, (831) 755-1635
• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760

You can also contact Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or you can contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.

Wayne Rainey, 3-time Moto GP World Champ tells why he bought at the luxury destination for collectors and motorsports enthusiasts.

“I’ve been looking into commercial real estate here on the Monterey Peninsula for years, but haven’t found anything that suits all of my needs. That is until I discovered the new Monterey Motorsport Park development. Between the ideal location, along with the great layout where I can combine my business office with some shop space and room for my motorcycle collection and memorabilia too, becoming an owner was not a hard decision to make.”

– Wayne Rainey, Moto GP Champion

California native, Wayne Rainey, had an extraordinary career as a motorcycle racer, including seven years on the Moto Grand Prix circuit. He was crowned champion of the 500cc class in 1990, 1991 and 1992. Throughout his years on the circuit, Wayne had 24 wins and made the podium 65 times in just 95 starts.

Wayne is just one of many who have discovered Monterey Motorsport Park, a high-end garage-condo facility and motorsports-oriented community located adjacent to Monterey Regional Airport. With spacious mezzanines accessible via interior stairs or optional lifts for mobility-impaired individuals, the community is ideal for people to store collections, large or small, of cars or motorcycles — and create a luxury retreat or personal office in the lofty space overlooking the garage or shop floor.

Don’t Get Left at the Starting Line

Although you may have heard or read that construction just recently started, you can’t afford to be slow off the line. Concrete has been poured and steel is rising on the site. (See our live cam here.) More importantly, already approximately 50% of the units have been presold. So if you’re thinking about joining Wayne Rainey, Gordon McCall and the long list of interesting and like-minded collectors and motorsports enthusiasts, don’t wait!

For more information about this exciting, next-generation garage-condo storage facility and car-driven community, contact one of our brokers right away:

• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760
• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106
• Ryan Clark, Cushman & Wakefield, Ryan.p.Clark@cushwake.com, (831) 755-1635

You can also get in touch with Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com, (831) 372-9311.

Or you can contact Ralph Borelli at ralph@ralphborelli.com, (408) 521-7117.

Fiber-optic Internet connections, extraordinary security and EV charging stations for your car

Car collectors and motorsports enthusiasts are choosing Monterey Motorsport Park’s luxury garage-condos for a variety of reasons:

• Because the shortage of residential garage space that’s typical of many homes in Carmel and other Monterey Peninsula communities means storage space for valuable cars is extremely scarce
• Because mezzanines built into every unit are ideal to customize as personal offices, luxury retreats or to provide additional storage off the garage floor
• Because Monterey Motorsport Park is attracting owners who want to be part of this unique car-oriented community

But beyond these obvious draws, what makes these upscale garage-condos unique are the many desirable amenities included with the individual units or offered as community benefits.

Start with Fiber-based Internet Service…End with a Car Wash On-Site

When you purchase at Monterey Motorsport Park, you’ll enjoy:

• Blazingly fast fiber-optic Internet service — Need to access video or download huge files? Planning to operate a business that requires consistently high bandwidth? We’re bringing the unmatched speed of fiber into the Monterey Motorsport community, which will enable you to opt in to whatever level of Comcast broadband service you require — such as Gig-speed service from Xfinity and a variety high-speed Comcast Business Class services up to 1 GB. So, you’ll always have the access you need, day in and day out.
• Security — Completely fenced perimeter with 24×7 access-controlled entrance gates, abundant lighting, and pro-active remote guarding from Elite Interactive Solutions. Highly trained security agents respond to on-site alerts with the goal of “warning off” intruders via a facility-wide speaker system — to stop break-ins before they occur. Learn more
• Phone-Cable TV — Enjoy Voice over IP (VoIP) phone service via your fiber-optic Internet connection. Plus, you can opt for cable TV access as well.
• EV charging stations — Conveniently charge your electric vehicle at the on-site charging stations.
• Handy car wash — Give your car a quick scrub at our on-site car wash, which fully complies with best management practices (BMPs) as set forth by the EPA for Storm Water Pollution Prevention.
• Accessibility for trailers and rigs — A consultant has conducted a turning analysis for car deliveries by 55’ semi-trailers, access for 30’ motorhomes and passenger cars pulling 20’ boat trailers. The purpose is to validate the flexible access that the parking lot will provide. The results are detailed here. While some of the individual units will accommodate these medium-sized trailers and rigs, many units will not due to a limited turning radius or inadequate driveway width. Consult with our brokers to find a unit that meets your needs.
• Water and electrical — An internal water loop and waste line is available if you’d like to install a private restroom and/or sink in your garage-condo. All units are individually metered for electric service, with a 200-Amp sub panel, single phase, 120/208V.

Inventory Is 50% Spoken For

Monterey Motorsport Park has been attracting interest from across the Monterey Peninsula, with around 50% of the space already reserved before work began at the site in December. Construction is now steadily progressing, with completion expected by the last quarter of this year. Check out the live construction cam here.

Don’t delay! To learn more about this unique, next-generation car community and garage-condo storage facility, contact one of our brokers right away:

• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760
• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106

You can also get in touch with Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or you can contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.

Cost Segregation Key to Potential Savings

Traditionally, business property has been presumed to have a useful life of 39 years. Owners deduct the cost of a property — minus the land value — over four decades.

But what if you could accelerate the deductions — writing off substantially more in the first few years when your out-of-pocket costs to buy are the greatest — so that your net after-tax cash outlay is significantly reduced? That’s precisely what happens when you take advantage of an IRS-recognized practice called cost segregation. And it can make purchasing a garage-condo at Monterey Motorsport Park for business or investment purposes much more affordable.

Cost Segregation Accelerates Write-offs of Up to One-Sixth of Unit’s Value

Based on an engineering study conducted by a highly qualified expert, cost segregation breaks down a property’s value — minus 20% for the land — into 5-year, 7-year, 15-year, and 39-year components. The shorter-life components include personal property such as carpeting, cabinets and wall coverings — as well as land improvements such as paving, concrete, fences, interior partitions, electrical, and plumbing. These represent up to one-sixth of a unit’s value at Monterey Motorsport Park that can be written off in the first year, thanks to their short useful lives PLUS large bonus depreciation write-offs available under the tax code.

Upheld in IRS Reviews and Audits

Cost segregation, backed by detailed engineering studies, has been upheld repeatedly in IRS reviews and audits over the past ten-plus years. This is not some high-risk, only-for-the-most-daring scheme. It’s a proven, practical technique your CPA will completely understand. And it can make the purchase of any commercial property for business or investment purposes — such as the distinctive garage-condos at Monterey Motorsport Park —highly affordable on an after-tax basis.

Want to learn more and have something you can share with your CPA? Download our free, informative cost-segregation white paper — written with input from a CPA, based on a cost-segregation study by our expert engineering consultant. There’s no obligation.

Construction Proceeding Steadily at Monterey Motorsport Park

Located adjacent to Monterey Regional Airport along Highway 68, Monterey Motorsport Park represents the next evolution in upscale, luxury garage-condos. The four-building, 90,000 sq. ft. complex offers a total of 86 units ranging from slightly less than 700 sq. ft. to nearly 2,100 sq. ft. — although the selection is dwindling rapidly with approximately 50% of the space reserved. Construction is now underway (see our live cam), with the opening scheduled for the 4th quarter of this year.

If you’d like to know more about what this uniquely conceived car community has to offer a business owner or investor like you, contact one of our brokers or development team members:

•     Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760

•     Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106

You can also get in touch with Gordon McCall, who will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.

Construction is moving into the fast lane at Monterey Motorsport Park. Taking advantage of a break in the rain this past week, SWENSON Construction conducted the first of several major concrete pours at the luxury garage-condo facility and car community.

The initial pour began at 7 a.m., with the last truck arriving at 2:30 p.m. Saw-cutting of the slabs started at around 2 p.m. and wrapped up just before dark. All together, more than 340 cubic yards of concrete were poured to create the slabs for all of Building A and the lower half of Building B at the four-building, 90,000 sq. ft. complex.

Assuming that the weather cooperates, the plan is to complete the pour for the remaining building slabs over the coming week. All the prep work is done — the crews are just waiting for some additional sunshine to get the trucks back on-site.

Structural Steel Is Next

Once the concrete has been poured, look for the structural steel supplied by subcontractor, East Bay Construction, to start rising as early as late this week. The use of steel supports is another example of the high-quality construction going into these luxury garage-condos.

Follow the rapid progress of construction at Monterey Motorsport Park by checking out our live cam here or our construction photos here

Opening in Q4 2019

Monterey Motorsport Park represents the next generation of upscale garage-condos, designed to appeal to car collectors, motorsports enthusiasts or individuals and businesses that need additional, quality storage space.

Every unit features roll-up doors to make it easy to move vehicles in and out, standard doors for owners and their guests to enter and leave, and a spacious mezzanine 13 feet above the garage floor. This mezzanine can be customized into a personal office or comfortable weekend retreat with sofa, wet bar, large-screen TV, or other amenities of an owner’s choice.

With construction progressing, completion is targeted for Q4 of 2019. Sales activity picked up over the holidays and is continuing into January, with the construction work now clearly visible on the site. Currently, approximately 50% of the units have been reserved — but that’s expected to begin increasing soon. To learn more about the available inventory, contact one of our brokers:

• Dennis Chambers, dennis-chambers@outlook.com, (408) 605-6760
• Josh Jones, Cushman & Wakefield, Josh.Jones@cushwake.com, (831) 647-2106

You can also get in touch with Gordon McCall, who’s part of the development team and will be relocating his business — McCall Events — to the community upon build-out, at mccall57@aol.com or call (831) 372-9311. Or you can contact Ralph Borelli at ralph@ralphborelli.com or call (408) 521-7117.