North Texas Company Selling Car Condos Breaking New Ground to Meet Demand

A relatively new business catering to car enthusiasts is taking off across North Texas.

On the outside, Garages of Texas looks like any other storage facility. But inside are classic and luxury cars with price-tags reaching millions.

Think of it as the ultimate man cave – with like-minded hobbyists nearby.

"It's like a boat marina for car guys," said Jack Griffin, partner with Garages of Texas. "We have Ferraris, Lamborghinis, McLarens, Porsches."

Garages of Texas sold out all 69 units of its Plano location before construction was even complete.

Soon, the company will break ground on three more locations across North Texas.

The Allen City Council recently approved plans to transform an empty lot across from the Allen Premium Outlets into homes for luxury cars.

"A lot of people collect cars because they love cars, but a lot of people collect them because they're a great investment. At least that's what the husband tells the wife," said Griffin, laughing.

Adding to that investment, the garage units are sold, not rented, and come with HOA fees. Griffin said the garages range in price from $60,000 to $600,000, depending on the size.

Once purchased, owners can renovate them in any way they want – they just can't live in them.

Other garage locations will open later this year in Lakeview and North Carrollton.

Contact Us