Safeguard Self Storage Facility on Track for Completion in East Rockaway, NY

Safeguard Self Storage, which operates facilities throughout the eastern states, is on track to complete its new facility in East Rockaway, N.Y., by February. Once finished, the property at 499 Ocean Ave. will include 600 climate-controlled units, 12 of which will be designed for commercial tenants, according to the source.

Safeguard Self Storage, which operates facilities throughout the eastern states, is on track to complete its new facility in East Rockaway, N.Y., by February. Once finished, the property at 499 Ocean Ave. will include 600 climate-controlled units, 12 of which will be designed for commercial tenants, according to the source.

The company requested a sign variance during an Aug. 23 zoning-board meeting. The code states signs can only be 3 feet wide, which wouldn’t be on scale with the size of the facility, according to Stanley Bonilla, senior vice president of development for Safeguard. “We’re trying to find something that works with the town and something that works with the neighborhood,” said Bonilla, who’ll address the matter with the board again next month.

The site formerly housed W.M. Berg Inc., a manufacturer of aircraft parts and one of the area’s biggest employers. The company vacated the property in 2007 when it moved its operation to Milwaukee. The building was demolished a year ago due to extensive mold damage caused by flooding from Hurricane Sandy in 2012, the source reported.

Prior to construction, Safeguard was granted permission to make a payment in lieu of taxes from the Nassau County Industrial Development Agency for 15 years, Bonilla said. The tax break was given due to the operator’s additional development sites in the county as well as the employment of 80 construction workers for each project. The agreement enables the business to pay the same amount it would pay in taxes every few months to the village, town, school district and county, rather than pay taxes on a regular basis. “It first, and most important, does not reduce the taxes,” Bonilla said.

In March, Safeguard opened a new facility in the East Tremont neighborhood of Bronx, N.Y.  It comprises 50,750 rentable square feet of storage space in 905 climate-controlled units.

Founded in 1989 and headquartered in Atlanta, Safeguard operates facilities in Florida, Illinois, Louisiana, New Jersey, New York and Pennsylvania. The company is owned and operated by Morgan Stanley’s Prime Property Fund.

Sources:

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