Garages in the Sky
Meet very basic customer needs with a radical new design.
By Susanna Hamner, Business 2.0 Magazine

(Business 2.0 Magazine) -- Tired of looking for a parking spot? So are millions of apartment dwellers in car-saturated cities around the world.

That's what led Berlin-based CarLoft to develop buildings that lift residents' cars up to their units. CarLoft is constructing 11 of them around Germany, for an estimated $10 million each.

CarLoft CEO Johannes Kauka says he's had calls for similar buildings in a dozen countries over the past few months, including inquiries from Brazil, France, Israel, and Russia.

CarLoft has taken out patents on the design in 39 nations and is in talks to license it. There's an idea worth lifting.

The 20-foot elevator reads a transponder in your car and takes it to your floor in less than three minutes.

The balcony is where your car lives; glass or wood louvers can be added for privacy.

An alarm can be set for whenever you want the elevator to bring you and your car down.

Apartments start at $575,000 and range from 2,400 to 5,800 square feet.

CarLoft provides 24-hour service and alternate transport if the elevator breaks down.

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Market indexes are shown in real time, except for the DJIA, which is delayed by two minutes. All times are ET. Disclaimer LIBOR Warning: Neither BBA Enterprises Limited, nor the BBA LIBOR Contributor Banks, nor Reuters, can be held liable for any irregularity or inaccuracy of BBA LIBOR. Disclaimer. Morningstar: © 2014 Morningstar, Inc. All Rights Reserved. Disclaimer The Dow Jones IndexesSM are proprietary to and distributed by Dow Jones & Company, Inc. and have been licensed for use. All content of the Dow Jones IndexesSM © 2014 is proprietary to Dow Jones & Company, Inc. Chicago Mercantile Association. The market data is the property of Chicago Mercantile Exchange Inc. and its licensors. All rights reserved. FactSet Research Systems Inc. 2014. All rights reserved. Most stock quote data provided by BATS.