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.