A development of storage condos designed to house expensive “toys,” including luxury motorhomes, is being planned as the next phase in a Lakewood Ranch, Fla., business park.
The Bradenton Herald reported that Toy Box Storage, which is scheduled to open in late 2007 or early 2008 in the second phase of Lakewood Ranch Business Park, will be strictly for motorcoaches, classic cars, boats or other recreational vehicles.
The storage condos will be priced from $185,000 to $250,000 per unit, and buyers would own the land and storage space. They would also have to pay a monthly association fee of $95 for landscaping, water, common area electricity, facilities maintenance, insurance and common area lighting, said retired dentist Dr. Elizabeth Thomason, one of four partners involved in the project.
Toy Box Storage’s owners estimate their business will be worth $9.3 million, including land and buildings, when completed, Thomason said.
Besides Thomason, partners include River Club’s Ron Calhoon and Bradenton’s Raj Mathur and Dan Gerdes, who own Mathur & Gerdes Construction Co.
Calhoon said he realized the potential of a condo complex for collectibles when a friend recently showed him his $8 million house on Siesta Key in Sarasota.
The friend had also spent a fortune to buy an adjacent lot so his house could include his $1.5 million motorcoach.
“He couldn’t park the coach on his street in Siesta Key so he built his house to include it, which included a living quarters for the person maintaining it,” said Calhoon, who is doing the design and development work for Toy Box Storage.
Since residents of Lakewood Ranch can’t put boats or coaches in their yards, the thought of a condo complex for those items seemed to make sense, Calhoon said.
“People who spend a lot of money on these items don’t want to park them in an open-ended storage area,” Calhoon said. “When you pay up to $1.5 million for a coach, that becomes an important asset.”
Toy Box Storage’s owners purchased 3½ acres in the new Lakewood Ranch Business Park and plan 42 units ranging from 20-feet wide by 40-feet long to 20-feet wide by 55-feet long. Units also may be combined to create a 40-foot-wide by 55-foot long space.
The units can be customized like a residential condo, Thomason said. “You can add mezzanine storage, bathroom, air conditioning, work bench and cabinetry and an interior sink,” he said.
The facility will be fenced and gated and include an automatic wash station. Each unit comes with an electric door opener and 24-hour access with a code.