New self-storage, retail facility coming to Boca Raton

The three-story self-storage development will total nearly 129K sf

Miami /
Mar.March 09, 2020 04:30 PM
A rendering of Manley Storage Ventures facility at 7171 North Federal Highway

A rendering of Manley Storage Ventures facility at 7171 North Federal Highway

A new three-story self-storage and retail center is coming to north Boca Raton, at a time when some cities in South Florida are pushing back against new self-storage development.

Manley Storage Ventures, Rosemurgy Properties and Sentry Self Storage are planning to build a climate-controlled storage facility and retail center on a 3.5-acre property on Federal Highway. Construction is expected to begin in January 2021, according to a press release.

The site plan was approved in September. The property does not have an exact address but is next to GED Lawyers, LLP at 7171 North Federal Highway.

The development will total 128,635 square feet.

Manley Storage Ventures is owned by Bruce Manley and Jonathon Manley. The Manleys have been the developing principals and managing partners for about 60 self-storage facilities totaling 4.8 million square feet of self-storage space, according to the press release.

Boca Raton-based Rosemurgy Properties is a privately owned commercial real estate development, investment and management firm that focuses on multifamily, retail, self-storage, office and undeveloped land. Coral Springs-based Sentry Self Storage has over 25 properties under management in several states and works with 14 ownership groups.

In recent years, self-storage facilities have become one of the hottest property types in South Florida. But this popularity has led to pushback from some cities and towns over concerns about overdevelopment.

In January, Miami’s Planning, Zoning & Appeals Board backed a planned ordinance that would place a 270-day moratorium on any new storage facilities throughout the city. Similarly, Pompano Beach placed a six-month freeze in September on new self-storage development.


Related Articles

arrow_forward_ios
The $24.5 million Boca Raton mansion (Coldwell Banker via Compass)
AutoLenders CEO buys waterfront Boca Raton estate for record $25M
AutoLenders CEO buys waterfront Boca Raton estate for record $25M
Grover Corlew principal Mark Corlew with Bank of America Tower in Boca Raton (Grover Corlew)
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Grover Corlew buys Bank of America Tower in Boca Raton for $45M
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
Opterra Capital buys Holiday Inn & Suites Boca Raton for $13M
CP Group Managing Partner Angelo Bianco with One Town Center (CP Group)
Singaporean REIT pays $100M for One Town Center office building in Boca Raton
Singaporean REIT pays $100M for One Town Center office building in Boca Raton
5900 Northwest Broken Sound Parkway and Pebb Enterprises President and CEO Ian Weiner (CBRE, Pebb)
Pebb Enterprises buys Boca Raton office building for $15M
Pebb Enterprises buys Boca Raton office building for $15M
Alina Residences in Boca Raton (Alina Residences)
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
El-Ad scores $53M construction loan for Alina Residences in Boca Raton
Rendering of Boca Ice and Fine Arts Center courtesy of Peninsula Ice LLC 
Ice skating gliding into Boca: Arena developers score $14M construction loan
Ice skating gliding into Boca: Arena developers score $14M construction loan
Pebb Enterprises CEO Ian Weiner and 1801 North Military Trail in Boca Raton (Pebb Enterprises)
Pebb Enterprises buys Boca Raton office building for $18M
Pebb Enterprises buys Boca Raton office building for $18M
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...