Real estate development company IMC Equity Group intends to build a 100,000-square-foot self-storage facility on 4.66 acres near North Miami, Fla. The firm has submitted a rezoning application under its affiliate, Northside Center LLC, for 2751 and 2795 N.W. 84th St. The vacant site is next to a shopping center the developer owns under the Northside Center name, according to the source.
IMC believes the area is favorable for self-storage due to the density of housing and commercial services. “We feel that the proposed self-storage will also help diversify the retail that we have,” Carlos Segrera, director of acquisitions and finance for IMC, told the source.
The land on which the self-storage facility would be built was included when IMC acquired the 500,000-square-foot shopping center in 2010 for $18 million.
IMC owns nearly $1 billion in commercial real estate, including industrial spaces, office buildings, retail centers and self-storage, according to the source. The company lists Hialeah Self Storage Plaza in Hialeah, Fla., among its properties.
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