BlackMountain specializes in adaptive re-use and historic preservation
May 29, 2018: Based in Albany, NY, BlackMountain Partners LLC, a self-storage development and investment firm specializing in conversions, received site-plan approval last month to convert an existing building to self-storage in New Rochelle, NY. The company plans to transform a former frozen-food manufacturing plant into a five-story facility having 1,182 units. The property at 2 Birch St. will include one level underground, according to the source.
The project will also include the planting of pear trees along Birch Street for beautification. Soft lighting will be used to lessen the impact on nearby houses. New Rochelle will receive a portion of the parcel to use as a parking lot for a proposed maintenance facility on Nardozzi Place. Extra Space Storage Inc., a self-storage real estate investment trust and third-party management firm, will manage the facility.
BlackMountain affiliate New Rochelle Birch Development LLC acquired the former Rotanelli Foods and Specialty Brands facility last fall for $3.35 million. The seller, Parsonage House LLC, has sued BlackMountain for “goods and merchandise” valued at $750,000. The summons didn’t include details for why the suit was filed, the source reported.
Kanika Dewan, a manager with Parsonage, is negotiating with BlackMountain on removing “several tons” of architectural tiles and other material, she told the source.
BlackMountain doesn’t expect the lawsuit to delay the project, said Avi Schwartz, the company’s director of acquisitions.