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Inside East Valley Business


News and notes from the Tribune business desk.


No kidding: Luxury garages soon for sale

April 9th, 2008, 1:01 pm · Post a Comment · posted by davewoodfill

If your two-car garage is no longer adequate to store your fleet of sports cars, jet skies, boats and other play things (and let’s face it – whose is?), you may want to invest in your own “luxury garage condo.”

The Toy Barn on Cave Creek in Scottsdale will be a 85,000-square-foot storage facility with climate-controlled units ranging in size from 720 to 1,920 square-feet and 16-foot ceilings. The units will be “individually owned, just like condos,” according to a press release from Scottsdale-based Wesley Development Company.

“It’s a private and convenient space solution for owners’ favorite toys, including sports cars, boats, jet skis, motorcycles and RVs,” the press release said. “Each owner has a titled unit, plus access to common areas including the clubhouse. Owners can build equity in their units and re-sell them – just like condominiums.”

Construction of the Toy Barn will start in May and wrap up sometime in late 2008,” officials said.

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