Maranello Car Condos

Property Description

This luxury garage development spans 255,000 square feet in Plano, TX, designed for high-end automotive enthusiasts and collectors. The project will feature a 7,000-square-foot office area and a 28,000-square-foot retail shop, along with a climate-controlled drive aisle, an air concourse courtyard, and an elevated showroom experience, making it a car lover's dream destination.

Loan Usage

The $22.5 million C-PACE loan came in alongside a $36.2 million senior loan from the debt fund Crestline Management to fund construction. C-PACE covered improvements to the building envelope, interior and exterior lighting, HVAC systems, and low-flow plumbing fixtures. These upgrades are expected to reduce annual energy use by 28% and water use by 14%, significantly lowering utility costs and enhancing the asset's long-term value.