Archive for July 24th, 2009

The new brag in Philadelphia: No valet parking!

Continue Reading Add comment July 24th, 2009

car_park2.jpg
In lots of condo buildings, valet parking is considered a mark of luxury. But depending on a valet can be annoying when you’re not in the mood for interacting with other people. There’s always the question of how much to tip. And then you get the occasional valet who chooses to drag-race your car through the garage. Anyway, the developers of a luxury high-rise condo building in Philadelphia, called 1706 Rittenhouse Square, are actually bragging that they won’t have valets and will use a robot parking system instead. Here’s an excerpt from a press release I got today from Christa Guidi of Cashman & Associates:

They are putting together an amazing project including a state of the art automated parking system designed by Wöhr, allowing residents to retrieve their vehicles in minutes without the assistance of a valet. This automated, mechanical parking system is underground and utilizes computer-controlled, robotic transport devices with vertical and horizontal movement capability to transport vehicles from the street level to a storage compartment and back without human intervention. To retrieve their vehicle, the patron presents their electronic card on the elevator going to the lobby and the vehicle is automatically delivered to the entry/exit compartment at street level.

My guess is that the Wöhr system is not cheap. Condos in the building start at $4 million and the penthouse is “under agreement” for $12.5 million. Occupancy is planned for next spring.

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Santa Clarita M-F Trades for $23M

Continue Reading Add comment July 24th, 2009

A 158-unit multi-family property in Santa Clarita, Calif., has traded
for $23 million in what a firm involved in the deal says is the largest
multi-family transaction in the region in three years.


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