Asset Realty and Construction, a Brooklyn-based developer, is planning to construct a new four-story self storage facility in Northeast Philadelphia, writes Ryan Mulligan for the Philadelphia Business Journal.

The proposed facility would be located at the corner of State Road and Cottman Avenue.

The 152,720-square-foot facility would feature 77 parking spaces, catering to both commercial and residential customers.

An asset tied to the New York developer purchased the site for $3.35 million last July, according to Philadelphia property records.

The parcel sits between I-95 and railroad tracks in Tacony, and is surrounded by other industrial sites, including an EZ Storage Philadelphia location about a block north.

According to documents filed with the city, the self-storage facility “seeks to support local businesses, homeowners, and tenants.”

This project would mark Asset Realty and Construction Group’s first foray into the Philadelphia market, after overseeing multifamily developments in several New York neighborhoods and a number of industrial storage projects in North Jersey.

The project is scheduled to go in front of Philadelphia’s Civic Design Review Committee on July 2.

Read more about the new self-storage facility planned in Northeast Philly at the Philadelphia Business Journal.

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