I am happy to report that I have solved my dilemma and found a way to install the console while keeping my stock arm rest in place. I am very happy as it meets my needs of additional storage space for toll money, pens, calculator, etc. I am not seeking approval just providing insight if others were interested.
First, appologies for not taking pics of the unit itself before installation but bassically it arrives in 3 sections. A section that attached to the cup holder, a middle section to provide extra height for a more comfortable armrest, and a third section which is the padded storage area itself.
Since I am not interested in the arm rest feature since I planned on keeping the stock armrest I simply eliminated the middle section that provided extra height. Now the unit fits perfectly and is fully usable without me needing to remove my stock arm rest. Pictures are attached.
Key1cc