A developer who wants to build a $600,000, 80-unit self-storage facility in Richmond, Ontario, Canada, is frustrated by the fact that his estimated project costs for engineering, consultant and city fees are an additional $150,000. Darren Green appealed to the Richmond Village Community Design Plan steering committee on July 29, saying the fees should be no more than 5 percent of the project cost. He received some sympathy but no support.
Richmond currently has no self-storage. Green proposes to build his first 80 units as the first phase and add more if the demand warrants it. He also wants to establish a landscaping-materials business at the site. He said he cannot move forward with the project at these prices.
Green could save money on development fees is the committee changed the zoning of the land to industrial, but local planners say the parcel is being viewed as a potential employment area, and self-storage does not provide very many jobs. In addition, provision would need to be made for access to the land behind the parcel.
Source: Stittsville News, Developer frustrated