PONTIAC (AP) — The site of a former General Motors factory in Pontiac is expected to become a private playground for car enthusiasts with a race track and car condominiums.
The Detroit Free Press reports the $60 million M1 Concourse project is scheduled to break ground this week.
The project’s $25 million first phase will involve construction of a 1.5-mile track and 80 car condos, which are climate-controlled garages that can double as entertainment rooms.
Brad Oleshansky, M1’s founder and CEO, says he has purchase agreements in hand for all the initial units, which cost between $110,000 and $250,000.
- Posted June 24, 2015
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Groundbreaking set for race track, car condos
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