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Role

RPL provided due diligence and oversight services on behalf of an institutional equity partner.

Unique Approach

• Abatement of asbestos prior to existing structure demolition.
• Removal of fuel oil tanks related to historical auto-repair uses.
• Zoning variances required for parking and setbacks.

Outcomes

• Completed work without disturbing adjacent Long Island Railway.
• Provided much-needed storage for the community.

Scope of Work

Construction of a two-story, steel frame, climate-controlled self-storage facility.

Project Summary

• Client: One of the largest institutional private equity investment firms
• Location: West Babylon, NY
• Size: 855 storage units, 2 floors, 93,600 RSF
• Timeline: 2016 to 2018
• Services: Due Diligence and Development Oversight
• Cost: $13 million
• Architect: Frank G. Relf
• Contractor: Racanelli Construction