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New York & Tri-State  + Downtown New York  + Retail  | 
155-165 W. 29th Street rendering Manhattan self storage The Davis Companies

Davis Companies Moves Ahead with Chelsea Self-Storage Project

The Davis Companies (TDC) completed demolition of 155 and 165 W. 29th St. in Chelsea, which it acquired recently. TDC plans to construct a 17-story, 180-square-foot self-storage facility.  

Construction financing for the development was provided by Santander Bank, N.A. and United Overseas Bank. Construction is anticipated to be completed in Spring 2023.  

“There is a high demand for self-storage in the Chelsea neighborhood, fueled by the lack of nearby facilities and the growing needs of Manhattan residents as well as commuters and local businesses,” said Stephen Skolas, VP of development at TDC.  “This new facility is ideally located and will provide a variety of storage options and convenient access in a modern Class A property.” 

The project development team also includes Highland Development Ventures LLC. The design team includes Mancini Duffy as architect, McNamara Salvia as structural engineer and GEA Consulting Engineers. The facility will be constructed by Cauldwell-Wingate Construction.  

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 15-20 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Development