Red Balloon Portfolio · Permitting
Homestead — SW 328th.
Permitting · Ground-up development · SW 328th St & SE 8th St, Homestead, FL
Site
135,200
Gross square feet
102,849
Net rentable SF
1,089
Units
$20.0M
Project cost (budget)
The Project
The last approved site before the moratorium.
The SW 328th Street site has direct visibility from the Florida Turnpike and sits across from a 1,100-unit residential development. RBS acquired the land in September 2024.
RBS Homestead is the last self storage facility approved before the City of Homestead implemented a moratorium on new self storage development — a significant barrier to entry for future supply.
| Location | SW 328th St & SE 8th St, Homestead, FL |
| Type | Ground-up development |
| Status | Permitting |
| Gross SF | 135,200 |
| Net rentable SF | 102,849 |
| Units | 1,089 |
| Land acquired | Sep 2024 |
| Total project cost (budget) | $20.0M |
