DXD Capital opens Nantucket storage facility with townhomes and covered parking

DXD Capital has opened a new self-storage project at 10 Davkim Lane on Nantucket, pairing climate-controlled storage with covered vehicle parking and two rental townhomes. The development adds much-needed storage and housing on an island where space, preservation rules and logistics make new construction unusually difficult.

Why it matters: - The project adds 667 self-storage units and 73,772 net rentable square feet to Nantucket, where modern storage options have been limited. - The site also adds two two-bedroom, 1.5-bath rental units, a small but meaningful boost to housing inventory on an island facing a long-running affordability crunch. - The facility includes covered and climate-controlled parking for classic cars and seasonal vehicles, a scarce amenity in a place with strict historic design rules.

What happened: - DXD Capital opened one of its newest self-storage facilities at 10 Davkim Lane in Nantucket, Massachusetts. - The facility opened this past winter and is operated by SmartStop Asset Management. - The project is on a 1.2-acre site and combines storage, vehicle parking and residential space.

The details: - The self-storage building offers fully climate-controlled, keypad-secured and sprinkler-protected units. - Unit sizes are designed for small seasonal storage needs and for the contents of a 4- to 5-room residence. - The project includes 10 covered parking spaces and 14 premium climate-controlled drive-up parking spaces. - Each premium parking space is about 200 square feet and includes outlets for trickle chargers. - The residential portion is a newly constructed duplex townhome. - The duplex adds two two-bedroom, 1.5-bath units to the island's rental stock. - The facility uses traditional saltbox-style roofs, cedar shingle siding and other design elements tied to Nantucket's historic aesthetic. - The island's Historic District Commission required multiple Certificates of Appropriateness before construction could begin. - Exterior details, including sash and roof colors and signage, went through commission review and approval. - The construction timeline ran from July 2024 to a Certificate of Occupancy in January 2026. - Park East Construction served as general contractor. - Cape Cod Express handled the freight logistics needed to move materials to the island. - Materials for the project arrived by ferry or barge.

Between the lines: - The Nantucket project shows how DXD Capital is adapting self-storage development to a tightly regulated and supply-constrained market. - The addition of housing alongside storage suggests the company is using scarce island land for more than one community need. - The project also underscores how Nantucket's permitting, preservation rules and ferry-dependent supply chain can stretch construction schedules and raise costs. - Scott Hughes, DXD Capital's managing director of construction, said every piece of the facility arrived on a ferry, one truck at a time. - James Wojcik, president of Park East Construction Corp., said the project required planning, coordination and execution at every stage.

What's next: - DXD Capital will continue operating the Nantucket facility through SmartStop Asset Management. - The development adds another ground-up project to DXD Capital's self-storage pipeline, which has included 35 ground-up developments and one seven-facility portfolio acquisition across the United States.

The bottom line: - DXD Capital's Nantucket project is both a storage play and a land-use workaround, bringing climate-controlled units, vehicle parking and a small housing addition to one of the most difficult places in the Northeast to build.