Ft. Lauderdale-based Generation4 Partners is building a $9.8-million self-storage building in Miami.
Located in the Wynwood/Allapattah neighborhood of Miami, SpareSpace Storage will be a seven-story, fully climate-controlled building. It will have controlled access storage units, as well as personal and commercial wine storage spaces in a highly secure section of the building.
The storage facility “is ideally positioned within the Wynwood market, which is experiencing incredible population growth fueled by new condo and rental projects with small unit sizes that will fuel demand for self-storage use,” according to a press statement.
The property is located less than a mile from Mana Wynwood. The location will provide 60 vertical feet of visibility above I-95, in addition to exposure to more than 380,000 car trips each day, according to the company.
Construction is expected to be completed by the summer of 2019.