If you live in a big, crowded city, parking can be a real pain. Even those wealthy enough to give their car to attendants, most of the times have to wait until it arrives. And, as we all know, time is money – not to mention that these people aren’t used to waiting.

Derez Properties, a real estate group that currently owns over 27 acres of prime oceanfront property including 2,100 feet of beachfront in South Florida, has joined forces with the Porsche Design Studio to give a solution to the aforementioned problem.

The Porsche Design Tower is a 57-story building in Sunny Islands that will give its residents a parking space right inside their apartments.

“I could not envision a more exceptional project for our brand,” said Dr. Juergen Gessler, CEO of the Porsche Design Group. “The Porsche Design Tower would be representative of our company’s commitment to engineered luxury and the fundamentals that redefine luxury and deliver technically inspired products, such as this state-of-the-art parking system.”

The building will comprise of 135 apartments, with prices ranging from $2.9 to $9 million each. Every apartment will have at least two and as many as four indoor parking spaces. They will be isolated from the main house by special ventilation and fire-suppression systems, although owners have the option of ordering a glass wall that will allow them to admire their cherished vehicles.

So how does the Porsche Design Studio-developed system work? It’s quite simple, actually: all the driver has to do is park the car on a turntable. Then one of the robotic arms takes over, picking up the vehicle and placing it in an elevator, which carries both the car and its owner to the apartment at a speed of 900 feet per minute.

No driving whatsoever is involved in the process because, as developer Gil Dezer says, “we wanted them to make it dummy-proof”.

Dezer hopes that buyers will be attracted by the skyscraper-like view as well as the convenience of having their, obviously expensive, cars right next to them. Moreover, Dezer says that owners will get the added bonus of fetching anything they might have forgotten in the cabin or the boot.

This, ladies and gentlemen, is how the other half lives…

Story References: Wall Street Journal & Dezer Properties