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A car condo is a type of property that allows the owner to have a dedicated space for their vehicle. Unlike a regular garage, a car condo is a separate unit that can be bought or rented by the owner. The car condo building also has shared facilities, such as a lounge, a workshop, or a wash bay, that are co-owned by all the tenants.
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Drivers ride up the elevator in their cars and are placed into their own "garage" adjacent to their unit. [6] The tower has three elevators to take cars to their units and estimated to cost about $560 million to build. [7] The groundbreaking commenced on April 19, 2014, at the Sales Center of the Porsche Design Tower in Sunny Isles Beach, Florida.
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A condominium (or condo for short) is an ownership regime in which a building (or group of buildings) is divided into multiple units that are either each separately owned, or owned in common with exclusive rights of occupation by individual owners.
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Car parking is essential to car-based travel. Cars are typically stationary around 95 per cent of the time. [2] The availability and price of car parking may support car dependency. [3] Significant amounts of urban land are devoted to car parking; in many North American city centers, half or more of all land is devoted to car parking. [4]
A multistorey car park in Hradec Králové, Czech Republic The interior of a shopping mall's parking garage in Kungälv, Sweden. A multistorey car park [1] [2] (Commonwealth English) or parking garage (American English), [1] also called a multistorey, [3] parking building, parking structure, parkade (), parking ramp, parking deck, or indoor parking, is a building designed for car, motorcycle ...