A new Storage King USA facility is planned for 1245 Northeast 12th Avenue in Homestead, FL.

The 110,000-square-foot project is a joint venture between Andover Properties and Angelo, Gordon & Co. The developers plan to fund the project with a $6 million construction loan, according to The Real Deal. The joint venture purchased the 3-acre site in October 2017 for $1.2 million. Completion is expected by the end of 2018.

A joint venture will bring this new Storage King USA facility to Homestead, FL.

Planned

The Cobb Board of Commissioners approved a self-storage facility for the former Mountain View Elementary School site in northeast Cobb, GA. It’ll be three stories high and have 100,000 square feet, and be part of a mixed-use development on the 14-acre site on Sandy Plains Road. Plans call for restaurants, shops and other retail. The developer, Brooks Chadwick Capital, obtained a special land-use permit in order to include the self-storage site. Source: East Cobb News

An elementary school to self-storage conversion has been approved in Cobb, GA.

Construction begins in June for the CubeSmart-managed four-story retail self-storage building, one of the pieces in the 73-acre Ravaudage project at U.S. Highway 17-92 and Lee Road in Winter Park, FL. Other Ravaudage projects starting in June are the Bainbridge five-story, 278-unit apartments and parking, and The Watercrest 107-bed assisted-living and memory-care facility. Source: Orlando Sentinel

Completed

Life Storage was named manager of the self-storage facility that Scottsdale, AZ-based 1784 Capital Holdings LLC has finished in Tucson. It’s the first phase of 1784’s Orange Grove self-storage development at 121 W. Orange Grove. The first phase has about 540 units. Construction has begun on the second phase, which will have 180 units upon its May completion. Both new buildings are two stories. 1784 is developing several self-storage sites nationally, and has budgeted $250 million for those projects. Source: The Rodie Company

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Bruce Goldberg