Feldman Cos. Expands Self-Storage Footprint in South Miami-Dade

Feldman Cos. Expands Self-Storage Footprint in South Miami-Dade

The Feldman Cos. continues to expand its self-storage portfolio in Miami-Dade County, this time with a four-story, 135,000-square-foot facility planned for the Goulds neighborhood.

The North Miami-based developer recently secured a $19.22 million construction loan from New Wave Loans Residential to move forward with the project. To assemble the site, Feldman paid a combined $4.45 million for two adjacent properties near the southwest corner of Southwest 216th Street and Southwest 112th Avenue, including land previously owned by a local church.

According to Jordan Feldman, the project’s location is strategic. The site sits at a key traffic intersection connecting U.S. 1 to Florida’s Turnpike, placing it in the path of both local and commuter traffic. It is also just one street away from the Southland Mall expansion, a large mixed-use redevelopment that is expected to bring new retail, residential, and entertainment uses to the area.

The Goulds and broader South Miami-Dade region are undergoing a period of rapid change. Multiple multi-story multifamily developments are currently under construction within a one- to two-mile radius of the site, increasing population density and, with it, demand for storage space.

Self-storage has become one of the most resilient commercial real estate asset classes in South Florida, particularly in growth corridors where new housing is being added. Feldman Cos. has been actively capitalizing on this trend, breaking ground on other self-storage projects in Palmetto Bay and Miami’s Little River neighborhood over the past year.

As South Dade continues to evolve from a low-density suburban area into a more urbanized market, projects like this highlight how developers are positioning for the next phase of growth — not just with housing, but with the infrastructure that supports it.