{"id":6127,"date":"2024-05-07T13:05:01","date_gmt":"2024-05-07T13:05:01","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=6127"},"modified":"2024-05-22T11:31:35","modified_gmt":"2024-05-22T11:31:35","slug":"jv-secures-18-million-loan-for-hialeah-self-storage-build-in-hialeah-fl","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/jv-secures-18-million-loan-for-hialeah-self-storage-build-in-hialeah-fl\/","title":{"rendered":"JV Secures $18 Million Loan for Hialeah Self-Storage Build in Hialeah, FL"},"content":{"rendered":"


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Hialeah Storage Associates, an affiliate of H&M Development and Blue Vista Capital Management, has obtained an $18 million construction loan from Old National Bank for a self-storage facility. The project will be built on a two-acre site at 2401 W. Okeechobee Road.<\/span><\/span><\/span><\/p>\n

The S. Florida Business Journal reports that the developer purchased the land for $5.58 million in 2023. Subsequently, it received an okay from the area planning agency for a 113,000-square-foot facility that can go three stories high and have 1,025 climate-controlled storage units. Kenneth Carlson will be the architect.<\/span><\/span><\/span><\/p>\n

Aventura-based H&M Development and Blue Vista have raised enough capital for $100 million in self-storage development. One of its first projects using proceeds from its fund is in neighboring Hialeah Gardens. Storage Cafe reports there were 980,000 square feet of new self-storage buildings delivered in South Florida in 2023, up from 843,000 in 2022.<\/span><\/span><\/span><\/p>\n

Source<\/span><\/span><\/span><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

  Hialeah Storage Associates, an affiliate of H&M Development and Blue Vista Capital Management, has obtained an $18 million construction loan from Old National Bank for a self-storage facility. The project will be built on a two-acre site at 2401 W. Okeechobee Road. The S. Florida Business Journal reports that the developer purchased the land for $5.58 million in 2023. Subsequently, it received an okay from the area planning agency for a 113,000-square-foot facility that can go three stories high and have 1,025 climate-controlled storage units. Kenneth Carlson will be…<\/p>\n","protected":false},"author":13,"featured_media":6130,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23,4],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6127"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=6127"}],"version-history":[{"count":3,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6127\/revisions"}],"predecessor-version":[{"id":6132,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6127\/revisions\/6132"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/6130"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=6127"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=6127"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=6127"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}