In a bid to redefine the landscape of personal vehicle storage, developer Mark McClure, Managing Director of real estate investment firm GenX Capital Partners, is set to unveil a groundbreaking venture in the State of Maine – Luxury Motor Toys. This innovative brand introduces high-end condominium garages, offering a haven for discerning vehicle enthusiasts seeking top-notch storage solutions with a touch of luxury.
Luxury Motor Toy condos, each spanning 1,000 square feet, are designed to accommodate a diverse array of vehicles, from cars and boats to RVs, motorcycles, and ATVs. What sets these state-of-the-art garages apart is their individual climate control, featuring both air conditioning and heating systems to ensure optimal conditions for vehicles year-round. To enhance the social experience, a community clubhouse complete with a full bar and kitchen area will be available.
Recognizing the increasing demand for premium storage solutions, McClure comments, “Definitely a need for sure. What we have done here is take their need for storage and garage space and combine it with an amenity package and atmosphere that allows them to enjoy and work on their vehicles year-round in a fun, active, and social setting. Essentially ‘man caves on steroids’ if you will.”
Luxury Motor Toys condos go beyond mere storage units—they are personalized havens for vehicle enthusiasts. Each unit is equipped with internet access, cable, a full bathroom, stainless steel refrigerator, bar/food prep area, and a spacious 200 square foot mezzanine/loft area for relaxation and entertaining. Buyers also have the freedom to customize their units according to their tastes, incorporating unique interior designs, features, furniture, electronics, and artwork.
Co-developer and interior design collaborator Paula Wallem, wife of Mark McClure, emphasizes, “We wanted to create a space where owners can not only store their prized possessions but also immerse themselves in an environment that reflects their passion while having fun at the same time. The combination of functionality and escapism is what sets Luxury Motor Toys apart.”
Each condo features a partial kitchen, a staircase leading to the mezzanine level for relaxation, and an outdoor deck above the garage door—an ideal space to enjoy fresh air or socialize with friends on sunny days. The innovative design ensures that Luxury Motor Toys condos are not just storage spaces but extensions of the owners’ lifestyle.
While McClure is careful not to disclose the specific southern Maine/Greater Portland location until full approvals are secured, the 40-unit development is expected to receive the green light in February 2024. The pricing for these luxurious units ranges from $300,000 to $330,000, with reservations set to be accepted soon.
Mark McClure, at the helm of GenX Capital Partners, showcases the firm’s commitment to redefining real estate development. With multifamily and hospitality assets across New England, Texas, and Florida, and expansion plans in Italy and France, GenX Capital Partners is a trailblazer in the industry. The firm, led by CFO Paula Wallem, specializes in lending and originating debt and equity financing for seasoned real estate developers, closing an average of over $150 million per year. Additionally, with more than $100 million in various development, acquisition, and approval stages, GenX Capital Partners actively pursues distressed and “value add” multifamily and hospitality deals nationwide. Luxury Motor Toys condos mark another milestone in the firm’s portfolio, promising to elevate the standard of vehicle storage in the State of Maine.
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