Yes. We permit up to 2 owners for units between 509-737 sf and up to 5 owners for units between 1,000-2,452 sf. Owners must comply with the M1 Concourse Private Garage Community Covenants governing number of visitors and parking.
The M1 property is not zoned for residential uses and thus Private Garages may not be occupied as primary residence. Casual/intermittent overnight stay by owners and/or their guests are subject to local ordinances and all living/entertaining spaces such as lofts/mezzanines must comply with local code.
Owners may not rent/lease individual storage/parking spaces to others in their garage. Owners may sublease their unit as outlined in the M1 Concourse Private Garage Community Covenants.
No. Track access is subject to availability. Use of the M1 Performance Track is intended for special events, driving schools, corporate rentals and members of the M1 Motorsports Club.
See the M1 Motorsports Club page for details
Yes. All Private Garages at M1 Concourse will be part of the M1 Concourse Private Garage Community Condominium Association (the “Association”). The Association is a non-profit corporation organized under the applicable laws of the State of Michigan, and will be responsible for the management, maintenance, operation and administration of the common elements, easements and affairs of the condominium project in accordance with the condominium documents and the laws of the State of Michigan.
Condo association dues for common area maintenance are based on unit size. Dues will be calculated on a monthly basis and collected quarterly. It is anticipated that the expenses will result in the following dues:
509 sf unit: $80/month ($240/quarter)
547 sf unit: $85/month ($255/quarter)
600 sf unit: $100/month ($300/quarter)
737 sf unit: $115/month ($345/quarter)
984 sf unit: $150/month ($450/quarter)
1,200 sf unit: $185/month ($555/quarter)
2,250 sf unit: $350/month ($1,050/quarter)
2,400 sf unit: $370/month ($1,110/quarter)
As with all real estate, the local tax assessor will determine the assessed value and apply local millage rates. Based on current millage rates in Pontiac and an equalized value equal to 50% of the purchase price, property taxes may range from approximately $2,000 to $10,000 per year depending on size of Private Garage. Note: this is an estimate only and may be lower or higher depending on assessed value.
Yes. Owners will have 24/7 access to their unit year round. Track access will be limited to designated hours.
Yes. Similar to other real estate, owners will be able to sell or will their unit(s) at any point in the future. Owners must comply with the requirements outlined in the M1 Concourse Private Garage Community Covenants.
You may use your Private Garage to store and work on vehicles, entertain family/friends/customers and any other lawful purposes. As with any neighborhood, M1 Concourse will expect owners to not only adhere to all laws and ordinances, but also be respectful of the community and their neighbors. Use of Private Garages will be governed by the M1 Concourse Private Garage Community Covenants which can be provided upon request.
No. In order to maintain a consistent appearance outside the Private Garages, owners my not customize the garage doors, building exteriors or any other area outside of their unit. The options inside your Private Garage are endless.
Yes. We welcome pets at M1 Concourse, provided they are licensed and vaccinated. Pets are not permitted on the track or in any commercial buildings. Additionally, pets my not be left unattended.
It is anticipated that there will be a variety of onsite auto services available to owners. The developers are seeking to secure partners with a reputation of quality workmanship and service to provide these services.
Due to uncertainties surrounding potential future liability related to environmental issues, the developers have secured a Prospective Purchase Agreement (“PPA”) with the USEPA. The PPA generally protects the developer and subsequent Private Garage purchasers, from suits and other civil and administrative actions by USEPA. The developers will also be conducting and disclosing to the MDEQ a baseline environmental assessment (“BEA”) for each Private Garage purchaser to provide liability protection under state law.
The M1 Performance Track staff will maintain a calendar of all events occurring on the track. M1 Motorsports Club members will have regular time reserved on a weekly basis and can make reservations during other times on a first come, first served basis. Public track days will occur approximately once a month. Public users wishing to drive on the track can register for one of the monthly open track days as well as sign up for the variety of performance driving programs available.
The track operations staff will have approval over all cars based on
inspections and driver qualification. Except for designated special events, only street-legal vehicles will be permitted on the track.
Professional safety personnel will be onsite during all M1 Motorsports Club
track events that require such oversight. Certain events may not necessitate the presence of safety personnel (e.g. autocross). The M1 track operations manager will make the final determination as to what level of safety oversight is necessary during a given event. Additionally, M1 Concourse is less than one block away from St. Joseph Mercy Oakland which was recently verified as a Level II trauma center by the American College of Surgeons.
The M1 Motorsports Club was created to provide our members with access to the M1 Performance Track and enjoy a wide variety of organized driving events in a controlled and safe environment. Membership includes 6 hours of weekly organized track time, access to designated monthly events and the ability to use the track when the facility is not reserved by corporate clients.
At present time, only Private Garage owners are eligible to become members of the M1 Motorsports Club.
One-time Initiation Fee – $20,000/Private Garage
Annual Fee – $5,000/year for each member in a Private Garage
NOTE: Up to 2 owners may join the M1 Motorsports Club for units between 509-737 sf and up to 4 owners for units between 1,000-2,452 sf.
Guests are permitted to join an M1 Motorsports Member at an event on a limited basis depending on the type of event taking place.
M1 Driver Series Events – only immediate family member guests are permitted to join a member; provided that the same immediate family member may only participate in one Driver Series event per month and no more than four (4) per year.
Lunch Laps – members may bring one guest to ride as a passenger in their vehicle. Guests are not permitted to drive during Lunch Laps.
Weekend Open Sessions – weekend open sessions are generally only open to M1 Motorsports Club members. The Track Manager may designate certain weekend sessions to be accessible to guests depending on the number of spots reserved by members.
A guest is limited to a maximum of three (3) visits per calendar year. Members are responsible for ensuring each of their guests know and understand all M1 Motorsports Club general rules and regulations.
ALL guests must sign a liability release/waiver prior to participating in any event at M1 Motorsports Club.
M1 Concourse will hold a wide variety of events on the property open to the public, including car shows, auctions, swap meets, drive-in movies, food truck rallies and more. Additionally, anyone can sign up for the M1 Concourse driving schools. The Village at M1, our experiential retail area, will begin to take shape in 2017 with our first restaurant and corporate events center. Please check our Event Calendar for updates.
Development plans include a village of experiential retail stores located at the prominent corner of Woodward Avenue and South Boulevard, where enthusiasts can enjoy their passion for all things automotive. The Village at M1 is planned in phases starting in 2017 with a trackside building containing a signature restaurant with outdoor “track-view” dining, demonstration garages from auto companies and suppliers, office space, an exhibition area and a track control tower. Future development is anticipated to include casual restaurants, ice cream and coffee outlets, and additional experiential retail. The Village at M1 will be the public gathering spot at M1 and a central “town square” will be the location for a wide variety of events that will be programmed throughout the year, including car shows, product demonstrations, holiday gatherings and more.