Design
Location
Location
The Design is typically a vertical, 3+ story building with architectural articulation resembling an urban mixed-use project. Architects call it neo-industrial; our team calls it “urban millennial.”
Location
Location
Location
The Location is probably the most weighted factor within the fifth-generation definition. The site selection process is almost 100% identical to retail anchor-tenant’s site selection criteria (think Wholefoods, Trader Joe's or Target).
Use
Location
Use
Use is probably the most exciting criteria. Storage is not always "simply storage" - we typically prefer to introduce what we call high-urban-street-front retail. We do not change the scope of the business plan, as this retail component with our projects is usually about 4% of the total SF. We believe this produces a great looking st
Use is probably the most exciting criteria. Storage is not always "simply storage" - we typically prefer to introduce what we call high-urban-street-front retail. We do not change the scope of the business plan, as this retail component with our projects is usually about 4% of the total SF. We believe this produces a great looking storefront, generates more jobs, and increases retail sales tax revenue. If we deem the area more appropriate for shared office space, we can execute on this use too. Every project does not warrant mixed use, but if we feel we need to integrate mixed use to secure entitlement approvals for a superior location, Fifth Generation Storage is a niche ability for Leitbox that we intend to launch across the Nation.