Luxury Garage Condos in Plano Secure $22.5 Million in Clean Energy Financing

July 13, 2026 - 19:47

A high-end garage condominium project in Plano, Texas, has secured $22.5 million in Commercial Property Assessed Clean Energy financing. The funding comes from PACE Loan Group and Lone Star PACE for the development known as Maranello Luxury Garages.

The project will feature a two-story building with 80 individual luxury garage condominiums. Each unit is designed for car enthusiasts who want a secure, climate-controlled space to store and maintain their vehicles. The development aims to combine premium storage with energy-efficient construction.

C-PACE financing allows property owners to fund improvements like energy efficiency upgrades, renewable energy systems, and water conservation measures. The loan is repaid through a special assessment on the property tax bill over time. This structure makes it easier for developers to include sustainable features without large upfront costs.

Maranello Luxury Garages will incorporate several energy-saving technologies as part of the financing agreement. The project is expected to set a new standard for luxury vehicle storage in the Dallas-Fort Worth area. Plano continues to attract high-end real estate developments, and this project adds a unique option for collectors and car lovers.

The development is being built with modern materials and systems designed to reduce long-term operating costs while providing a premium experience for owners.