DXD Capital opens Nantucket storage facility with parking and housing

DXD Capital has opened a new self-storage facility at 10 Davkim Lane on Nantucket, adding 667 units, covered vehicle storage and a residential duplex to an island market with limited space and strict historic rules. The project underscores how difficult it is to build on Nantucket, where materials arrive by ferry and preservation standards shape nearly every exterior detail. Why it matters: - Nantucket has long lacked modern storage options, especially for seasonal households and island residents. - The project also adds modest housing inventory at a time when year-round and working residents face a housing shortage. - The facility is designed to fit Nantucket’s historic character while meeting local demand for storage and vehicle parking. What happened: - DXD Capital opened one of its newest self-storage facilities at 10 Davkim Lane on Nantucket, Massachusetts. - The facility opened this past winter and is operated by SmartStop Asset Management. - The project delivered 667 self-storage units across 73,772 net rentable square feet. - The building is fully climate-controlled, keypad-secured and sprinkler-protected. The details: - Unit sizes are designed for small seasonal storage needs up to the contents of a 4- to 5-room residence. - The site includes ten covered parking spots. - The site also includes 14 premium, climate-controlled, drive-up parking spaces with outlets for trickle chargers. - Each parking space spans about 200 square feet. - The 1.2-acre site includes a newly constructed residential duplex townhome. - The duplex includes two two-bedroom, 1.5-bath units. - The architecture uses traditional saltbox-style roofs, cedar shingle siding and other design elements that reflect Nantucket’s aesthetic. - The project took eight years from planning to completion. - The construction cycle began in July 2024 and ended with a Certificate of Occupancy in January 2026. - Park East Construction served as the general contractor. - Cape Cod Express handled a freight arrangement that was critical to the project’s economics. - DXD Capital worked with local agent Emeritus, Ltd. and island officials through the permitting process. Between the lines: - Nantucket’s Historic District Commission required multiple Certificates of Appropriateness before the project could break ground. - Exterior details such as sash and roof colors and proposed signage were subject to commission review and approval. - All materials had to arrive by ferry or barge, which made construction slower and more expensive than on the mainland. - Labor costs on Nantucket are significantly higher than on the mainland, and seasonal construction windows are compressed. - Scott Hughes, managing director of construction at DXD Capital, said every piece of the facility arrived on a ferry, one truck at a time. - James Wojcik, president of Park East Construction Corp., said careful planning, coordination and execution were essential because materials and staff had to move by air or ferry. What’s next: - DXD Capital said the Nantucket project shows how self-storage can be built to fit local preservation rules and island logistics. - The company is likely to continue using data-driven site selection and ground-up development across the self-storage sector. - The Nantucket facility now adds storage and vehicle capacity to an island market with limited development flexibility. The bottom line: - DXD Capital turned one of the country’s hardest places to build into a storage project with housing, parking and preservation-minded design.