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Featured Advisor



Srbo Radisavljevic
Managing Principal/Investment Advisor

Edge Portfolio Management

City:Northbrook

State: IL



BIOGRAPHY:
At Edge, a low client to advisor ratio allows for personal and customized service for each individual.  Our goal is to work as a team for each client to provide not only portfolio management but wealth coordination and financial planning.  We make every effort to have frequent communication with our clients and to provide timely response to calls and emails.  I also enjoy spending time with my wife and three kids, following Chicago sports, enjoying ethnic cooking, and serving as a school board member for Norridge School District 80.

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Drive-In Condominium Being Built in Florida

Attached Two- and Four-Car Garages On Every Floor of Porsche Design Tower Miami

| BY Kent McDill

High-end luxury homes, whether they be single-family or condominium style structures, can offer such inducements as wine cellars, pools, theatres, built-in waterfalls and even bowling alleys.

But automobiles have always been shunted to their own structure. They probably feel unfairly treated.

On Sunny Isles Beach, Fla., however, there is a new 60-floor structure being built that provides condominium owners the opportunity to bring their cars with them to whatever floor they live on.

Porsche Design Tower Miami, being built by Dezer Development, offers a sky garage for each unit in the 132-unit glass luxury tower. Three automobile elevators will allow condo owners to “drive’’ to their homes, lifting to all levels and into a private garage. The homeowner will then get out of his car and immediately be in his home.

Most units will have two-car garages. There are some units that have four-car garages. There is an option to have the wall between garage and home be made of glass, so that the automobiles are on display from inside the home.

Units run from between $4.5 million and $25 million and three-quarters of the units are presold, according to Gil Dezer, president of Dezer Development.

“The inspiration was to create something that had never been created before and most likely will never be done again, at least not in this market,’’ Dezer told Financial Advisor magazine.

The structure will also include spacious areas being called “man caves”, in which serious automobile enthusiasts can display a gallery of cars alongside a lounge, bar area and game room. These are separate from the living quarters and cost between $1.8 million and $2.5 million each.

Dezer believes most of the units will be used as vacation homes rather than permanent residences.

The German-based Porsche Design Group partnered with Dezer in designing the tower for automobile high-level transport and storage.

Although there are car collectors who spend millions to add to their collection, Spectrem Group research indicates the investors worth $25 million and up do not spend lavishly on automobiles. A 2012 survey of 200 investors indicated that only 10 percent spent $100,000 or more in the previous 12 months on automobiles. Nineteen percent reported no expenditures on automobiles in that previous year.

They spend more money annually on entertainment and home improvement than on automobiles.

      

  



About the Author


Kent McDill

kmcdill@spectrem.com

Kent McDill is a staff writer for Millionaire Corner. McDill spent 30 years as a sports writer, working for United Press International and the Daily Herald of Arlington Heights, Ill. From 1988-1999, he covered the Chicago Bulls for the Daily Herald, traveling with them every day through the nine-month season. He also covered the Bulls for UPI from 1985-88, and currently covers the team for www.nba.com. He has written two books on the Bulls, including the new title “100 Things Bulls Fans Should Know And Do Before They Die’, published by Triumph Books. In August 2013, his new book “100 Things Bears Fans Should Know And Do Before They Die” gets published.

In 2008, he resigned from the Herald and became a freelance writer. The Herald hired him to write business features and speeches for the Daily Herald Business Conferences and Awards presentations.

McDill also writes a monthly parenting column for the Herald’s Suburban Parent magazine.

McDill is the father of four children, and an active fan of soccer, Jimmy  Buffett and all things Disney.