Phillips Under Contract for New Orleans CubeSmart Development
Tampa, FL, June 18, 2018– Phillips Development & Realty (PDR) currently has an investment deal under contract for a proposed multi-story, climate-controlled, self-storage facility in Jefferson Parrish, New Orleans, LA.
The new CubeSmart self-storage will be fully conditioned and climate controlled, featuring 750 units available to rent. CubeSmart will manage the facility once it is operational.
The proposed 100,000 square-foot facility will be a ground-up, three-story project, located at 2401 Hickory Avenue. PDR has chosen Jefferson Parrish as a viable market to introduce our self-storage platforms.
The architect for the new facility is Open Workshop, based in Tampa, FL.
Construction for this project is being funded by Jernigan Capital (JCAP). This is our sixth deal with JCAP.
Ground breaking and construction is expected to commence during the fourth quarter of 2018. The project is slated for completion during the second quarter of 2019.
About Phillips Development & Realty
We are an award-winning company that has been recognized in all facets of the real estate and development industry. PDR is committed to consistently exceeding industry standards and is dedicated to providing unparalleled quality, service, and satisfaction.
PDR is currently facilitating eighteen projects in four different states.