Storage Deluxe Buys 4th Avenue Dialysis Center

Hotel Le Bleu will eventually have a new neighbor, as Storage Deluxe has purchased the building next to the hotel, at 362 4th Avenue, for $4.1 million. Steve Novenstein, the president of Storage Deluxe Realty, says the company plans to develop the site when the lease of the dialysis center that currently operates out of 362 4th expires. The company is looking to start building in 2013 and is entertaining different possibilities for the site. They might build a new storage building or perhaps something involving retail, particularly if this stretch of 4th Avenue is rezoned. The firm recently opened a self-storage warehouse only a few blocks away, in the former Jewish Press building on 3rd Avenue. Storage Deluxe also just sold off $123.9 million worth of its Brooklyn real estate holdings to another storage company. GMAP