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Prominent Naples developer to build car condos in the city

The new car condo concept, the latest in a string of them, will be built on property south of the Naples Italian American Foundation.

  • By Louis Llovio
  • | 3:00 p.m. November 16, 2023
  • | 2 Free Articles Remaining!
The Lutgert Cos. plans new car condo concept on property now owned by the Naples Italian American Foundation.
The Lutgert Cos. plans new car condo concept on property now owned by the Naples Italian American Foundation.
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A new luxury car condo development is coming to Naples.

The Lutgert Cos. announced Thursday that it’s building Naples Auto Vault at 7007 Airport Road N. Road just south of Orange Blossom Drive. Lutgert paid $5.6 million for the property last year.

The Naples developer, which is joining what is rapidly becoming a crowded field, says in a statement that its “facility is poised to redefine the concept of climate-controlled storage spaces for prized possessions, catering to a diverse array of assets, including luxury cars, boats, motorcycles and RVs.”

Condominiums for automobiles — and other toys — are specially built properties with individual units often costing hundreds of thousands of dollars that are equipped with loft areas and bathrooms, designed to host parties or just hang out with your cars all day.

Among the other car condo complexes regionally are the 300-unit Motor Enclave which opened this year in Tampa; the 65-unit Luxe Dream Garage in Lakewood Ranch, which opened at the end of last year; Naples Motor Condos in Naples, which is opening in 2025; and the 43-unit Motocave opening next year in St. Petersburg.

Lutgert says its facility will be enclosed behind a privacy wall and will come with an electronically controlled entry gate.

Other features will include, mezzanine space in units, a full bath with shower, 20-foot ceilings and a 14-foot overhead door for vehicles and equipment access. And among the add-ons that will be available are elevators, car lifts, epoxy and tile floor coverings, wet bars, built-in humidors and saunas.

The development is expected to be done in 2025. Lutgert did not disclose how many units it will have or what the units will cost. A spokesperson says in an email that "we don’t have additional information at this point."

Lutgert has been developing in Naples for more than 50 years, starting with the development of Park Shore in the 1960s.

Updated: This story has been updated to show the proper location of the property, its purchase price and to add a comment from the developer.



Louis Llovio

Louis Llovio is the commercial real estate editor at the Business Observer. Before going to work at the Observer, the longtime business writer worked at the Richmond Times-Dispatch, Maryland Daily Record and for the Baltimore Sun Media Group. He lives in Tampa.

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