(To read more on the multifamily market, click here.)

NEW YORK CITY-Locally based American Development Group will construct a $25-million, 23-unit residence in Little Italy that will have a futuristic theme. The units at 123 Baxter St. are expected to come online in January 2006. Perry M. Finkelman, CPM, principal of ADG, says he prefers to “focus on how people live and ways to enrich it” and plans to use “tomorrow’s technology today.” Features will include an automatic washer-dryer combo, a central vacuum system and an Internet refrigerator. Insignia Douglass Elliman is the marketing agent for the project.

Under it all will be Automotion, a fully automated parking system designed to fit in constricted spaces. The customer enters the parking lot and parks their vehicle on a specially designed pallet. After the customers answers a few basic questions at the kiosk about the car’s weight, height, and shape, the computerized parking system then takes control of the car. Cars are shifted and stacked based on their owner’s estimated time of departure.

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