'Car Condos ' For Ultra-Wealthy Are Selling Out . $250,000 fancy garages filling up fast in Pontiac.

The Detroit Free Press reports:

Brad Oleshansky wore a look of satisfaction last week as he showed off one of the most unique and underestimated construction projects in metro Detroit.

Just seven months ago, his 87 acres of former factory grounds along Pontiac's Woodward Avenue were covered in broken concrete and choked with weeds. Today, the concrete is all gone and a 1.5-mile, high-performance car track is taking shape.

Circling the track are 80 souped-up, two-story garages known as "car condos" priced around $250,000 that are over halfway through construction and already sold to buyers. Phase II involving 50 more condos is now under way to meet the hot demand.

Known as the M1 Concourse, Oleshansky's $60-million car lovers' playground is defying its early skeptics and on pace for a June opening, when it would become the first project of its kind in Michigan and second-largest in the country.

No word yet from Comrade Bernie Sanders' supporters on this story.