A new luxury tower in Chicago is trying out an innovative concept: giving its residents a garage of Tesla vehicles to drive.

Vista Tower, a high-end skyscraper condominium, is currently being constructed at the intersection of Lake Michigan and the Chicago River. Along with a hotel and over 400 apartments, the super-tall building will have a garage of Tesla automobiles that members can sign up to drive as part of a car sharing program, realtor.com reports.

“The car-share program provides an alternative for residents to travel beyond the local community without the commitment of leasing or owning a personal vehicle,” Leila Zammatta, senior vice president of sales at the building’s Magellan Development Group, said in a statement. “The tower will be the third-tallest building in Chicago once completed.”

Right now, Vista Tower is lined up to open in 2019 and is often heralded as an ultra-modern addition to Chicago’s skyline.

The idea, according to the development company, is to bring in homebuyers who are interested in driving more sustainably and want to have access to the latest Tesla models. While we know that residents will be able to book the time they want to drive the Tesla through a phone app, few other details have been released about how the program will work and how much it will cost.

Over the past two years, car-sharing programs have grown in popularity among urban dwellers and some experts predict that more people will shift away from owning a car in the coming decade.

Email Veronika Bondarenko

Show Comments Hide Comments
Sign up for Inman’s Morning Headlines
What you need to know to start your day with all the latest industry developments
By submitting your email address, you agree to receive marketing emails from Inman.
Success!
Thank you for subscribing to Morning Headlines.
Back to top
×
Log in
If you created your account with Google or Facebook
Don't have an account?
Forgot your password?
No Problem

Simply enter the email address you used to create your account and click "Reset Password". You will receive additional instructions via email.

Forgot your username? If so please contact customer support at (510) 658-9252

Password Reset Confirmation

Password Reset Instructions have been sent to

Subscribe to The Weekender
Get the week's leading headlines delivered straight to your inbox.
Top headlines from around the real estate industry. Breaking news as it happens.
15 stories covering tech, special reports, video and opinion.
Unique features from hacker profiles to portal watch and video interviews.
Unique features from hacker profiles to portal watch and video interviews.
It looks like you’re already a Select Member!
To subscribe to exclusive newsletters, visit your email preferences in the account settings.
Up-to-the-minute news and interviews in your inbox, ticket discounts for Inman events and more
1-Step CheckoutPay with a credit card
By continuing, you agree to Inman’s Terms of Use and Privacy Policy.

You will be charged . Your subscription will automatically renew for on . For more details on our payment terms and how to cancel, click here.

Interested in a group subscription?
Finish setting up your subscription
×