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Designer garages in the sky

By Judy Martel · Bankrate.com
Tuesday, November 22, 2011
Posted: 5 pm ET

What's money for if not to buy luxury? In the heart of Manhattan, that often means a private, secure and convenient place to park the Bentley.

A new, 19-story, 14-unit condo in the Chelsea neighborhood has a unique concept to appeal to those who want their parking situation to match their high-priced dwellings: en suite car garages just outside their penthouse.

"For us, the car is a very important member of the family," says real estate broker Leonard Steinberg of Prudential Douglas Elliman, on a CNNMoney video.

Owners of the units that come with what the developers are calling sky garages will simply drive their car to the ground floor doors, swipe a card that signals the elevator to come down, drive in, and the elevator automatically delivers them to the proper garage. "You don't push any buttons," says co-developer and condo owner Glauco Lolli-Ghetti on the video. In fact, you never leave the car until you're ready to park and walk the few steps into your unit.

The condo units come with all the expected appointments like teak and granite floors, sunken tubs and expansive views of the downtown skyline and the Hudson River. Preconstruction prices began at $3 million for a one-bedroom and more than $17 million for a penthouse, according to the New York Daily News.

"I think this building will be a collector's item," says Lolli-Ghetti. And proving he knows what appeals to the uber-rich, added: "I think the other important feature is that no one else has it."

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