Nuvo Development LLC is seeking to convert an existing warehouse and office building in Palm Beach Gardens, Fla., into a mixed-use property that will include self-storage and office space. The city’s development-review committee will consider the proposal on May 20.
The 3.4-acre site at 10384 Riverside Drive includes an existing 37,902-square-foot warehouse and 5,167-square-foot office building. Constructed in 1985, the warehouse was used to store home-building materials for DiVosta, a Florida real estate company and subsidiary of Pulte Group Inc.
Nuvo plans to redevelop the warehouse into a 17,613-square-foot office building by reducing its size and renovating the interior, according to the source. The existing office building would remain unchanged, and a new 99,864-square-foot self-storage facility would be constructed on the site.
The developer has a contract to purchase the property, which is owned by Riverside Drive Investors LLC of Palm Beach Gardens. It was last sold in 2007 for $8 million, the source reported.
Nuvo Development, an affiliate of Winter Park, Fla.-based Nuvo Co., offers architecture, development and engineering services to the self-storage industry. The company is led by CEO Gary Cardamone, who founded the Stor-A-Way brand in 1999 with his brother Rich Cardamone. The brothers sold the properties in 2007.
- Nuvo Development : Website
- South Florida Business Journal: Old Warehouse May Be Redeveloped Into Offices, Self-Storage