Geoffrey Smith, owner of G. J. Smith Inc., a landscaping company in Nantucket, Mass., has proposed to build an 18,500-square-foot self-storage facility off Greglen Avenue. Turnkey Storage would be the first major commercial development built on a 70-acre property owned by local developer Richmond Great Point Development LLC, using just over an acre of the land, according to the source.
Richmond worked with Valero & Sons Garden Center to develop a grocery store, Old South Marketplace, on Old South Road, which borders the larger property. The two companies are in the early stages of a 10-year redevelopment plan for the 70 acres of land that would include the self-storage facility.
Richmond purchased the land from Walter Glowacki in August 2013 for $30.6 million, according to the source. “Since the purchase was finalized, Richmond has been working with the town to rezone the area and further restrict its possible uses and maximum development density, creating a menu of new zoning classifications that are better suited to the future of Nantucket, and prevent overly dense residential subdivisions from being constructed,” according to information published on the Old South Marketplace website.
The majority of the 70 acres had been zoned for “dense and sometimes incompatible commercial and residential uses,” according to the website. The redevelopment plan includes an extensive cleanup of the property. The development company will also “rebuild and construct new commercial spaces for existing island businesses looking to expand, or for other entrepreneurs looking for space to launch new enterprises. For island businesses that currently have limited options for commercial or light-industrial space, the Richmond property will offer new economic opportunities in a convenient location.”
Smith, 37, has filed design plans for the storage facility with the town’s Historic District Commission and intends to present an application seeking parking and other waivers to the planning board in January, according to the source. He previously owned a self-storage facility in Nebraska but sold it to purchase his first home in Nantucket.