This site is part of the Global Exhibitions Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 3099067.

Informa

Arvada, CO, Approves Blue Wing Self-Storage Development

Comments
Print

Update 12/9/16 – Arvada officials have approved a site development plan that will allow Blue Wing to move forward with its $7 million Ralston Valley Self Storage project on 69th Ave. Designed by Golden, Colo.-based Studio DH Architecture, the 89,539-square-foot facility will feature keypad entry and video surveillance. Blue Wing expects to begin construction in February. The new facility will be managed by real estate investment (REIT) firm Life Storage Inc. and carry the REIT’s branding, according to the source.

“This area of Arvada is experiencing explosive growth, and up until this year, there were no parcels in the area that offered storage as a use by right,” Shaw told the source. “It’s going to be a high-quality product, and we’re excited to offer it to the community.”

A zoning change was approved by the city prior to Blue Wing closing on the parcel in August, Shaw said.


8/11/16 – Blue Wing Development LLC, a boutique real estate development firm specializing in self-storage, has purchased a 2.88-acre parcel at 14872 W. 69th Ave. in Arvada, Colo., on which to build a new facility. A preliminary development plan for the three-story, 89,710-square-foot, climate-controlled building is under review by the city, with construction expected to begin in early December. A grand opening is scheduled for September 2017.

“We are excited to bring our 645-unit, class-A facility into the capacity-constrained Arvada market,” said Peter Shaw, managing member. “Residential growth in the area is explosive, local facilities are all full, and high barriers to entry still exist on that side of town. We will satisfy the enormous pent-up demand for quality self-storage operations in the area.”

This is Blue Wing’s second self-storage development in the metro Denver market, according to a company press release. Ownership has taken under a special-purpose entity, Blue Wing Storage Partners II L.P.

In addition to self-storage, Blue Wing develops specialty projects targeting the fitness and healthcare industries.

Sources:

Comments
comments powered by Disqus