With more than two dozen unique locations nationally, the Tempe-based Carvana wants to expand to Albuquerque.
The company, regarded in the business press as the fastest-growing car dealership in the country, has plans to build a 76 foot-tall tower at 3800 Pan American Freeway NE, off of Interstate 25.
The project, which is expected to cost around $5 million to build, will, like many of the other Carvana facilities, feature a sleek and modernistic steel and glass design.
Carvana’s first Albuquerque location comes just weeks after the company announced plans to build a similar 75 foot-tall tower with 8 stories in Denver. That project could see construction later this year.
In November, the company unveiled a 12-story vending machine structure in Atlanta—its tallest such structure to date.
Launched in 2012, Carvana is changing the business model for car dealerships by offering its vehicles and handling the all of the financing online.
After making a purchase, customers arrive at the tower, otherwise known as a Carvana Car Vending Machine, where a token is inserted into the building before the vehicle is lowered and driven away.
The proposed new Albuquerque location, with construction likely to start this summer, is awaiting city review.
By Garry Boulard
