Luxury storage space is coming to West Palm Beach

This real-estate feature from the South Florida Sun Sentinel highlights the latest plans for new construction as demand rises for housing, offices and stores across the region. If you’re wondering “what’s being built there?” you can submit questions through this form or by emailing [email protected]. Here’s one of the latest projects.

Location? 1050 N. Congress Ave. in West Palm Beach near the Palm Beach International Airport. Another location already exists in Riviera Beach at 7210 Haverhill Business Parkway.

What’s planned? The Hangar, a 12-acre luxury storage unit facility for big-ticket items ranging from cars and motorcycles to smaller pieces such as musical instruments and wine collections. Unlike most storage spaces, you can’t lease space here. You must buy it.

“It is a place to protect and savor your passion no matter the collection,” the group said in a statement.

The 68 customizable units coming to the new West Palm Beach location range in size from 1,591 to 4,502 square feet.

The concrete units also feature a Miami-Dade hurricane-rated garage door, a bathroom and air conditioning. In the same way that owners may place whatever they please inside the units, they can decorate it how they want, too. One owner in the original facility has guitars across the wall; others may set up furniture.

The Hangar is also building and adjacent facility, Airfield Park, with spaces available to lease or own for people working in specific industries, such as high-end car service or sales. The units’ size will range from 5,011 to 5,884 square feet.

Airfield Park will also have a 2,250-square-foot meeting and event space coupled with a conference room.

“These are not man caves,” Cunningham said.

When will the project be completed? Construction for the project is expected to be completed in summer of 2024.

How much do they cost? The the price for the smallest units begin around $600,000, while the larger units are selling for about $2 million. So far, Cunningham said The Hangar Group has pre-sold about 70% of its existing units.

“You own it just like you would own a townhouse or an apartment or a single family home,” he said.

What is it replacing? Before beginning construction, the land was vacant, Cunningham said.

Seeing demand? The Hangar Group in Riviera Beach is less than 10 miles from where the new Hangar will be. So, why build another?

“I would have never believed that we would build another facility five times the size within 10 miles,” Cunningham said. “And the reason is that we sold out fairly quickly at the original location. And then people started saying, ‘Are you going to build another one?’”

A third of the owners at the existing location in Riviera Beach bought additional storage at the new West Palm Beach location, Cunningham said.

“We’ve established ourselves as kind of a very desirable product in this South Florida market,” he said.