Miami firm developing self-storage facility near Disney World

HB Capital Group and a partner plan to construct an Extra Space Storage building in Kissimmee

Nov.November 05, 2017 10:00 AM

Rendering of the planned Extra Space Storage facility

Miami-based HB Capital Group, LLC and a partner are developing a Kissimmee self-storage building next to a time-share resort near Walt Disney World. Publicly held Extra Space Storage will manage the building.

HB Capital, led by managing partner Steven Hurowitz, formed a partnership with Liberty Base Investments that paid $1.35 million this year for the development site on Vineland Road in Kissimmee.

The land is part of a larger planned development that includes time-share resort Calypso Cay Vacation Villas, located seven miles from the Disney World amusement park. The planned self-storage building would have about 900 units.

HB Capital and Liberty Base plan to build a three-story self-storage building with Caribbean-style architecture to complement the look of the adjacent to the 82-acre Calypso Cay time-share resort.

Self-storage architect Patrick Pilot designed the Kissimmee development for Liberty Base and HB Capital, a real estate owner, investor and developer.

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