Spinell Homes is constructing The Garage at Lake Otis, a garage condo project at 5605 Lake Otis Parkway. But they’re not just for personal use anymore. Small businesses are increasingly moving in, helping drive demand, developers say.
More than half the units at The Garage at Lake Otis are already under contract to be sold, said Spinelli of Spinell Homes, a large homebuilder.“As soon as you build them, they’re sold out,” he said. “And as soon as you sell out, people want to be put on the list for the next project.”Garage condos aren’t new in Anchorage, said Dave Whitfield, manager of the Current Planning Division for the municipality.Alaska has the right conditions for them, he said.
Some of the Lake Otis units will have bay doors on both sides, a new amenity to potentially support a business with multiple trucks, he said. Those units, 60 feet long and 30 feet wide, will cost more than $500,000. The smallest units, less than 800 square feet, will sell for more than $200,000, he said.
Senko’s father, 80, who founded Arctic Glass decades ago, also has his own unit next door. It’s for personal use. Bud Senko stores his RV there and other materials, like the items for expectant mothers and babies he picks up as a volunteer for the Community Pregnancy Center.Senko said it’s better for Arctic Glass to have its office and storage in the garage condos, versus paying several thousand dollars monthly for a long-term commercial lease.
People illegally use it as a dumping ground for old furniture and appliances, forcing him to dispose of the items.
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