NitNeil Partners has announced plans for a 100,000 square-foot self-storage facility on South Memorial Parkway, between Office Depot and Lee’s Magic Tunnel Car Wash.
This month, NitNeil, a Southeast development partnership, purchased the two-plus acre property at 2312 Memorial Parkway to build the four-story, climate-controlled facility. The development will also feature a one-acre outparcel along the Parkway for a restaurant or retail store.
The site, which is in an opportunity zone, is close to downtown Huntsville, the Medical District, and the burgeoning West Huntsville neighborhood.
“Huntsville continues to experience tremendous population and job growth which has created a strong demand for best-in-class products and services,” said Neil Sapra, managing principal for NitNeil Partners. “We are wrapping up similar projects in Austin and Tampa, and believe this project will add a much needed amenity to support future density to Huntsville’s urban core.”
The project is expected to break ground in August with an anticipated completion next summer.