Public Storage Wants to Expand Self-Storage Complex in Seattle

Public Storage, a self-storage real estate investment trust (REIT), hopes to expand its self-storage complex in South Lake Union, Seattle.

Public Storage, a self-storage real estate investment trust (REIT), hopes to expand its self-storage complex in South Lake Union, Seattle.

Public Storage recently filed the preliminary paperwork with Seattle planning officials for the addition of a five-story building. The new proposed building would be located just south of the REIT’s historic five-story brick warehouse, which was built in 1914 as a Ford auto plant. A newer, shorter building currently on the property would be demolished.  

The city’s Queen Anne/Magnolia Design Review Board will consider the plan at a Sept. 1 meeting. The development will also require approval from the city’s Landmarks Preservation Board because the site is a designated historic landmark.

Source:  The Seattle Times,  Public Storage Wants to Expand at South Lake Union Complex

Related Articles:

Public Storage Announces Stock Dividend for Third Quarter 2010

Public Storage Releases 2Q 2010 Operating Results 

Public Storage to Buy 30 Self-Storage Facilities for $189M 

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