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Self-Storage Development and Zoning Activity: August 2019

The global self-storage development pipeline continues to be extremely dynamic. Inside Self-Storage regularly covers new projects being planned and approved as well as zoning and other municipal issues. Following is activity taking place in August 2019.

1-800-Self-Storage.com, which operates 13 facilities in Michigan, opened a new location at 3846 Rochester Road in Troy, Mich. The four-story facility at 3846 Rochester Road is the company’s second in Troy. The property will take part in the company’s Heart for the Community initiative, serving as a collection spot for used bikes that’ll be repaired and distributed to needy children. A third Troy facility is expected to open in late 2020.

74-16 Grand Ave. Storage LLC, an entity connected to self-storage developer and owner Storage Deluxe, plans to tear down a three-story building in Elmhurst, N.Y., and build a new storage facility in its place. Industrial real estate company Monitor Holding Corp. sold the 70,000-square-foot warehouse at 74-16 Grand Ave. for $16.5 million. Neil Dolgin, co-president of Kalmon Dolgin Affiliates, brokered the deal. Founded in 1998, Storage Deluxe has 65 projects completed and in development, totaling 7 million square feet.

U.K. self-storage operator Big Yellow Group PLC has two facilities under construction in London. The company received approval for its project in Uxbridge, West London, which is expected to open in early 2021. It’ll also begin construction on a 52,000-square-foot facility in March. Big Yellow operates 99 self-storage locations in the United Kingdom under the Big Yellow Self Storage and Armadillo Self Storage brand names, with most concentrated in Greater London and Southeast England. Its total portfolio comprises 5.7 million square feet.

Cowboy Self Storage opened in Stephenville, Texas. The facility at 1855 E. Washington offers 24-hour access, climate-controlled storage, moving and packing supplies, online billpay, and more. The Stephenville Chamber of Commerce recently hosted a ribbon-cutting ceremony to welcome the business, which is owned by Shawn Felton and Walt Harris.

A Hobby Lobby in Boardman, Ohio, is being converted to a self-storage facility that’ll be operated by Extra Space Storage and branded under its name. Renovations on the building on U.S. Route 224 have already begun. The facility could open next month. Headquartered in Salt Lake City, Extra Space owns or operates 1,696 self-storage properties nationwide and in Puerto Rico. The company’s properties comprise approximately 1.2 million units and 130 million square feet of rentable space.

Guardian Storage, which operates 26 self-storage facilities in Colorado and Pennsylvania, opened a new location in Aurora, Colo. The property at 3633 N Walden Circle comprises 655 units in three buildings. It includes a 1,750-square-foot office and two loading docks. Dallas-based ARCO/Murray Design Build handled the architectural design, permitting and construction.

McCarthy’s Removals Ltd. is building its first ground-up self-storage facility in York, England. The £3 million McCarthy’s Storage World on Water Lane will comprise 50,000 square feet. It’s being developed on the site of a former grain store, which was demolished in 2009. Construction is expected to be complete in March. Founded in 1968 as a moving company, McCarthy’s also operates self-storage facilities in Harrogate, Leeds and Wakefield, England.

The Monolith Group LLC, a commercial real estate development and investment firm, is set to build a self-storage facility at the intersection of Cave Creek Road and Greenway Parkway in Mesa, Ariz. The company, which is a preferred partner of self-storage real estate investment trust Extra Space Storage Inc., secured an eight-year, $7.2 million construction loan for the project. It worked with Tom Hartje and David Kotter of Integrity Capital on the financing. Founded in 2001, Monolith is vertically integrated with brokerage, construction and development arms under one roof.

The Birmingham, Ala., City Council approved a self-storage proposal from Orange Storage 280 LLC despite enacting a six-month moratorium on developments last month. The moratorium was intended to keep storage projects away from prime downtown sites but also included a “fast-track” appeals process that enables developers to appear directly in front of the council. The site targeted by developer Jason Price at 147 Resource Center Parkway is in a business district at the end of a dead-end street.

Principal RV & Self Storage in Battle Ground, Wash., completed phase two if its facility at 1710 S.W. 12th Ave. The property offers 645 vehicle-storage spaces ranging in size from 12-by-18 to 15-by-50. It’s part of Scotton Landing, a 22-acre mixed-use project being developed by Principal Properties LLC, the storage-facility owner. Once complete, the development will comprise 400,000 square feet of commercial, multi-family and retail space.

Saber Capital Management LLC proposed a four-story self-storage project at 800 Ethan Allen Highway in Ridgefield, Conn. The 3-acred property is across from Little Pond in an aquifer-protection zone, which raised some concerns during a recent hearing with the planning and zoning commission. Jack Kace, a member of the conservation commission, told planners that stored items such as lawn and pool chemicals could pose a hazard. Robert Jewell, an attorney representing Saber, noted the site had previously been approved for a contractor’s yard, which he argued would be a more significant environmental threat than self-storage. The hearing was continued to Sept. 10.

Security Self Storage opened in Solon, Ohio. The property at 30525 Aurora Road comprises 110,000 square feet, with 90,000 designated for interior storage and 20,000 for vehicle storage. It features an interior drive-through, 400 carpeted units, wine storage, geo-fencing and complimentary valet services. The facility was converted from the former Hunter Manufacturing building. Security is a third-generation, family-owned business. It recently sold its other self-storage holdings to focus on the Solon market, according to Norm Kotoch Jr., company president.

The Storage Barn opened a new location in Dover, N.H., its third in the state. Sitting on 27 acres, the facility at 385 6th St. is the largest storage in Strafford County, according to the source. The Greater Dover Chamber of Commerce recently hosted a ribbon-cutting ceremony to welcome the business, which is co-owned by Jessica Smith. The Storage Barn also operates facilities in Epping and Newington, N.H.

Real estate developer TTH Gate Point Meadows LLC intends to build 120,000 square feet of self-storage in Jacksonville, Fla. The facility would be built on 2.29 acres at 7782 Gate Parkway. The proposal is under review by the St. Johns River Water Management District. The developer is an affiliate of Columbia, S.C.-based Lady Street Builders LLC, which specializes on residential projects.

Michael Vann, owner of Vann Investments LLC, filed an application to rezone a tract of land in Hendersonville, N.C., to allow self-storage development. Vann plans to invest $1.5 million to build Signal Hill Mini Storage at the corner of Linda Vista Drive and Signal Hill Road. Once complete, it’ll contain 600 units. There were no objections to the project during a neighborhood compatibility hearing held earlier this month. The city planning board will review the project at its September meeting.

Phoenix-based U-Haul International Inc., which operates more than 1,500 self-storage facilities across North America and frequently recycles existing structures for its new locations, has acquired a former Kmart in Carlisle, Pa., with plans to convert it to a moving and storage center. The property at 1180 Walnut Bottom Road will offer indoor units. The company views the site as a superior location to its current Carlisle property at 1111 Harrisburg Pike, according to Chris Schaffer, marketing company president for the U-Haul Co. of Harrisburg. The Kmart closed in January. Established in 1945, U-Haul owns and manages more than 62.5 million square feet of storage space nationwide.

U-Haul is also converting a former military radar-system machine shop in Nashua, N.H., to self-storage. U-Haul Moving & Storage of North Nashua at 476 Amherst St. will soon offer moving supplies and truck rentals. The existing 19,517-square-foot building will be transformed into a two-story, 76,000-square-foot storage building containing more than 750 indoor, climate-controlled units.

Two self-storage projects are moving forward in Derry and Hudson, N.H. Andover, Mass.-based Yvon Cormier Construction Corp. is adding a third building to Derry Self Storage at 23 Ashleigh Drive in Derry. The two-story structure will replace an existing canopy. Once complete, it’ll comprise 25,000 square feet in 182 units. The facility was recently sold as part of a two-facility portfolio that included Seacoast Storage in North Hampton, N.H. The deal was brokered by Cowles M. “Monty” Spencer Jr., CEO and president of real estate firm The Storage Acquisition Group.

Plans for the Hudson project include demolishing an existing 4,990-square-foot concrete building and parking lot at 23 Roosevelt Ave. and constructing a three-story, 90,900-square-foot, storage facility in their place. Developer Jim Allard presented his plans for the former light manufacturing building to the planning board on July 24. He estimates construction costs will be $3.5 million. If approved, the project will begin this fall. During the meeting, board members suggested a few minor changes, including lowering light fixtures, and discussed signage details. The board will hold a public hearing to vote on the project on Aug. 14.

 

Sources:
QNS, Industrial Real Estate Company Sells $16.5 Million Warehouse to Storage Developer in Elmhurst
Fosters.com, Storage Barn Welcomed to Dover Chamber
WHKP.com, City of Hendersonville Receives Application for New Mini-Storage Facility
Morningstar, Big Yellow Aiming to Have New London Store Open Within Two Years
WFMJ.com, Self-Storage Facility Replacing Old Hobby Lobby on 224
Stephenville Empire-Tribune, Cowboy Self Storage Cuts Ribbon
Union Leader, Self-Storage Projects Moving Forward in Hudson and Derry
The Columbian, Battle Ground Self-Storage Facility Completes Expansion
Digital Journal, The Storage Acquisition Group Announces the Sale of Derry Self Storage and Seacoast Storage
Yahoo Finance, U-Haul Expands Self-Storage Options in Nashua
Bdaily News, Latest £3m Self-Storage Unit in York Set to Create New Jobs for Local Area
Birmingham Business Journal, Birmingham City Council: 280 Self-Storage Facility Can Move Forward
Cleveland.com, Security Self Storage Brings State-of-the-Art to Aurora Road Landscape in Solon
Jax Daily Record, Baer’s Furniture, Wawa and a Self-Storage Center Are Taking Steps
Minister FM, Work Begin on £3M Storage Centre in York
The Ridgefield Press, Conservationist Raises Issue With Proposed Route 7 Storage Facility
The Sentinel, U-Haul Buys Former Kmart in South Middleton Township

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