A driver parks their car, which is moved away and parked by a series of elevators and moving floors. The Broad Group of Detroit, developers of the 250,000-sf project, said the garage costs about the same as a normal parking structure, only it makes more money because it can park twice the number of cars.

The process is already used in warehouse storage facilities across the country. It is only used with cars at a pilot site in Spain.

Condominium unit prices will be $250,000 to $500,000. The project will cost $30 million. Commissioners are expected to review the preliminary plans for the project Feb. 12.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.