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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.
- ◦Development

