The self-storage facility would be managed by real estate investment trust Extra Space Storage Inc.
July 29, 2017: Based in Spartanburg, S.C., Johnson Development Associates Inc. (JDA), a real estate developer with interests in self-storage, plans to construct a storage facility as part of a mixed-use development planned for Atlanta.
The five-story structure will have 112,448 square feet in 875 units. The $6.75 million project would be within the Northside & 17th development, which includes a Chipotle eatery and Kroger grocery store, according to the source.
The mixed-use development is planned for the intersection of 17th Street and Northside Drive in the city’s West Midtown area. "The facility will be located at one of Atlanta’s most prominent, in-town intersections, within walking distance of Atlantic Station,” JDA posted on its website. “It sits within a mixed-use development anchored by a new Kroger Marketplace that is expected to deliver first quarter of 2018."
JDA announced last year its intent to expand its self-storage division, with 60 properties in various stages of development in its pipeline. In May, the company signed a general contractor for four Florida storage projects comprising more than 335,000 square feet in 2,753 units. All of the company’s new storage assets will be third-party managed by either CubeSmart or Extra Space.
JDA owns an investment portfolio of commercial and industrial properties including self-storage facilities, multi-family rental communities and single-tenant industrial space.