A new luxury development in Florida will feature a robotic arm, reports have revealed.
The block of apartments, located in Sunny Isles Beach, has been designed by Porsche in co-operation with developer Gil Dezer and will incorporate the mechanical limb into its structure to transport residentsââ¬â¢ cars from the road outside to the internal parking lot, via their front door.
Cars will be scooped up into an elevator after their engines are turned off and lifted up the blockââ¬â¢s 57 storeys automatically. ââ¬ÅYou donââ¬â¢t have to leave your car until you are in front of your apartment,ââ¬Â Porsche Design Group CEO Juergen Gessler told the Miami Herald.
$9 million for a 90-second ride
The Porsche Design Tower will boast three glass elevators to
ferry residents and cars to and from their properties, with each ride estimated
to last up to 90 seconds. The building, shaped like a cylinder, will be
constructed on a 2.2 acre plot of land in Florida, including a total of 132 apartments and
284 parking spaces. Apartments will cost up to $9 million each.
Sunny Isles Beach City Commission approved the plans for the block this month with a unanimous vote in favour of the development, which is expected to strengthen Floridaââ¬â¢s high-end real estate market.
Overseas appeal strong
Indeed, Floridaââ¬â¢s property is still popular with many investors, as Canadians flock to the area to buy distressed properties and foreclosures at low prices. Dubbed ââ¬ÅEndvestorsââ¬Â, they are purchasing cheap houses and saving them for the end of their careers, ready for retirement.
"Canadians love it here and their currency has exaggerated buying power,ââ¬Â the Miami Association of Realtors told OPP. ââ¬ÅThat, coupled with low prices... it's a no brainer to buy and to buy now.ââ¬Â
With demand from overseas investors still strong and Floridaââ¬â¢s lifestyle appeal unchanged, Dezer will be expecting strong interest from wealthy buyers, especially with the unique Porsche parking system. It is an unusual facility for a luxury house, but the Porsche Design Tower concept is expected to inspire similar projects around the world.
ââ¬ÅWe want to keep this really exclusive and not have this become a McDonaldââ¬â¢s kind of style. The tower is going to change the skyline of Miami Beach,ââ¬Â Dezer told the Herald. ââ¬ÅThis is something Floridians should be proud to have in their state.ââ¬Â
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Nick Marr
I am an internet entrepreneur with a passion for driving big audiences and a love for real estate. I have had plenty of ups and downs which has given me the experience to help others launch their own businesses. I enjoy projects that save consumers time and money, challenge convention and add real value to peoples lives.