Tampa is poised to get
its first car condominiums next year.
Paddock1 has begun construction on a “luxury garage condo
community” in Tampa at Adamo Drive and 34th Street, the
company announced.
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Rendering of a garage condo unit in Paddock1, set to open during summer 2022 in Tampa. |
Multiple garage condos
have popped up around Florida in the last few years. The
Wheelhouse and the Fortress opened in Jacksonville, and the
latter is expanding into St. Augustine. Naples Motors Condo
is building also second location.
Murphy said he and his partner Jordan Farrale wanted to
bring the idea to the Tampa Bay area.
Sales on luxury goods, from high-end cars to boats and jet
skis, performed well over the last year despite the
pandemic. Lamborghini, for example, had the best six months
of sales ever during the first half of 2021, the company
reported in July. Boat and RV sales boomed last year in
Tampa Bay, and companies struggled to keep up with demand.
”There’s been a huge demand for all these vehicles, and
people come to realize you may have an HOA that doesn’t
allow you to store it outside or you want to keep it nice,”
Murphy said. “Looking for storage opportunities, there’s
just not that much readily available.”
While some people would spread out their collections across
different storage areas, Murphy said Paddock1 would be a
single destination close to downtown Tampa.
Nearly half of the units have been sold ahead of
construction, Murphy said. Units come with a bathroom,
hurricane protection for up to 150 mph winds, insulated
steel doors and are equipped for internet.
Condo owners can meet in the 3,000-square-foot clubhouse
with a lounge and bar, temperature-controlled wine and cigar
lockers, conference room, a specialty car showroom and event
space.
Paddock1 is expected to open next summer.