Update 2/15/19 – 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 more activity taking place in February 2019.
An 11-acre vacant property in Corvallis, Ore., that was once considered for the development of a homeless shelter will now become a self-storage facility. Property owner Challis Collman Grover LLC received zoning approval last week to build Allied Storage off Walnut Boulevard, according to a source. The first phase will include self-storage on 8 to 10 acres. Plans for the remaining land have yet to be decided. A new road that cuts through the property to connect Belvue Street with Jack London Street will also be constructed. Lyle Hutchens, president of Devco Engineering Inc., represented Challis during the Feb. 7 public hearing, which drew a handful of residents voicing concerns about the project.
Baranof Holdings received pushback from the North Bay Village, Fla., Planning and Zoning Board on its mixed-use proposal for 1.93 acres at 1850 Kennedy/79th St. Causeway. The developer intends to build an eight-story structure with 142,530 square feet of self-storage, 4,000 square feet of ground-floor retail and 82 parking spots. The building would be 98 feet tall, with the storage portion branded and managed by Extra Space Storage. The zoning board recommended against the project on Feb. 5 in part due to concerns about parking allotment for Grandview Palace, a 539-unit condominium complex that shares parking on the property. Andrew Aiken, managing partner at Baranof, indicated the storage facility would need only 18 of the 82 parking spaces. The developer plans to appeal the decision to the village commission on March 12.
Envirosweeps LLC, a contract-sweeping provider, received initial zoning approval to build a self-storage facility in Columbus, Ind. Plans for the 4.86 acres at 2850 N. State Road 9 also include outdoor vehicle storage. The planning commission has requested a buffer of 5-foot evergreen trees along the north property line, which is adjacent to a residential neighborhood. A second reading of the zoning request will be held on Feb. 19.
Real estate firm World Class Capital Group LLC, which operates the Great Value Storage brand, is developing a three-story self-storage facility with a basement at 960 and 1000 Main St. in Los Angeles. The 2.4-acre property is centrally located in the Chinatown neighborhood north of downtown. Once complete, it’ll comprise 188,600 rentable square feet in 2,036 climate-controlled units and 53 covered vehicle-parking spaces. The $49.6 million construction loan was negotiated by Talonvest Capital Inc., a boutique self-storage and commercial real estate advisor. The team included Kim Leslie Bishop, Jim Davies, Terra Hendrich and Tom Sherlock.
Pittsburgh, Pa.-based real estate developer Kossman Development Co. has proposed a mixed-use project to redevelop its Perry Shops retail property in Ross Township, Pa. The 11-acre site at 7910-7920 Perry Highway would house a 124-unit apartment complex, retail and self-storage. The retail component, expected to be a mix of a drug store, fitness center and drive-through restaurant, would be placed at the front of the property, with the 89,000-square-foot storage facility behind the drug store. The apartments would be toward the rear of the site. The developer has received approval on 16 of the 18 zoning variances it’s seeking, though the zoning commission isn’t enthusiastic about the self-storage component. The commission asked for additional time to review the site plan to assess potential impact on the neighborhood.
Norco Inc., a Boise, Idaho-based provider of medical supplies and industrial equipment, is seeking approval to build a mixed-use development in Meridian, Idaho, that’ll include two multi-story hotels, an office building and a self-storage facility. Called Eagle Commons, the development will be at the northeast intersection of Eagle and Overland Roads, south of another proposed development that’ll feature a credit union call center and a golf-and-entertainment business. The council will consider the Norco proposal on March 5.
The Gloversville, N.Y., Planning Board this week tabled a zoning request for a self-storage project proposed for 164 Harrison St. DM Romeyn Civil Engineering Design PLLC presented the proposal on behalf of property owner Beth Potter in December. The site houses two buildings, one occupied by fastener supplier Fastenal and a vacant structure that would be converted to storage. Initially, approximately half of the 9,517-square-foot building was intended to be self-storage; however, recent updates to the plans show 66 units consuming the entire space. The changes were made on the suggestion of councilman-at-large and engineer Steven Smith, who proposed a solution to concerns about the building’s structural integrity. The city will likely re-examine the application once the property-ownership issue is settled.
Real estate developer PPI Enterprises has proposed a three-story self-storage facility for an 8-acre site in Windham, N.H., though the project is strongly opposed by residents. The Ledge Road site is a sore spot for the community after blasting during a controversial 2006 project by Meadowcraft Development damaged homes and water wells. The city shut down the project after a year. Project engineer Tom Burns told officials he’s consulted with Maine Drilling and Blasting Inc. on a solution. He also wants to use 10,000 cubic yards of gravel left behind from the previous project to build a berm between neighbors and the site. The planning board will discuss the project on March 6.
The Sonora, Calif., Planning Commission recommended the city change its zoning to allow self-storage in its commercial and general-commercial zoning districts as a conditional use. The move is seen as a precursor to approving a conversion of the former bowling alley at 19 S. Stewart St. by PWM Properties. The commission will formally address the conditional-use permit for the self-storage facility on March 11. The city council must hold two public hearings to address the rezoning proposal. The developer is comprised of local investors Lee Moyle, Joe Pluim, Brian Wahlbrink and Julie Yorston. Sonora Family Bowl has been vacant since 2010.
Styx Cos. has converted a former Food Lion grocery store it owns in Greenwood, S.C., into a self-storage facility that’ll be managed and branded by CubeSmart. The 47,000-square-foot building at 1508 Edgefield St., which has been vacant since 2007, offers 300 units. Styx spent $2.75 million on the project and received financial assistance through the state’s Abandoned Building Tax Credits for Redevelopment. Ryan Hyler, a partner with Styx, called repurposing the abandoned building “a great venture.”
U-Haul Moving & Storage at the Bedford Automile is converting a former Chevrolet dealership in Bedford, Ohio, into a self-storage and truck-rental facility. The property at 19000 Rockside Road is currently offering exterior storage, hitch installation, and truck and trailer sharing. The 109,634-square-foot building will eventually offer more than 800 storage units with 24-hour access to customers. Propane sales and towing equipment will also be available on the 12.5-acre lot.
2/8/19 – 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 more activity taking place in February 2019.
The Lincoln, R.I., Planning Board has given master-plan approval for a self-storage proposal by 678 GHW LLC. Though self-storage is an accepted use for the 5.68 acres at 678 George Washington Highway, new structures must be built with permanent foundations. The project is expected to include six storage buildings in addition to the former H&H Screw building, which sits at the front of the property and was previously identified as a contaminated site by the Rhode Island Department of Environmental Management. Remediation work was completed in August 2017.
Real estate developer Doug Dysert is building Jackson Self Storage on a 9.85-acre property at 2603 W. Michigan Ave. in Blackman Township, Mich. Dysert has already constructed the first two storage structures and is in the process of completing two additional buildings. The facility will eventually be part of a larger mixed-use project that could include a gas station, offices or strip mall along the street front. The site once housed the Bel-Air Drive-In, which served the community for 30 years, closing in 1985. Underground contaminants prevented previous redevelopment. Though trichloroethylene was found at the eastern end of the property, no soil mitigation was required for self-storage construction.
Maple Grove, Minn., officials are considering a concept plan from JMAR Storage, which has proposed a self-storage project for a vacant property along Bass Lake Road. The 200-unit facility would be built behind a Holiday gas station, which owns the parcel. Though the project is only in the concept stage, some members of the community have voiced concerns about impact from lighting. Applicant John DeVries indicated he’s held three meetings with residents to alleviate concerns.
Charlotte, N.C.-based Madison Capital Group intends to build a Go Store It self-storage facility in West Ashley, S.C., near Charleston. The 85,451-square-foot, 587-unit project would be at the intersection of Bees Ferry Road and West Ashley Circle, between a Walmart and a planned apartment complex. The three-story structure would be screened from Bees Ferry Road by wetlands and a buffer of trees. Madison specializes in the acquisition, development and management of self-storage assets.
The Pleasant Prairie, Wis., Village Board unanimously approved a master conceptual plan from real estate developer Prairie Holdings LLC, which intends to build a 127,000-square-foot self-storage facility at 9201 Wilmot Road. The property will be branded and managed by self-storage real estate investment trust Extra Space Storage. The site is one of three neighboring parcels owned by Prairie Holdings. A 3.7-acre lot would potentially house 14,112-square-foot structure, while a 7.7-acre lot could eventually house a 43,500-square-foot building. Though both were included in the plan, no use has been identified for those parcels.
Real estate developer Principal Properties LLC is set to build Principal RV and Self Storage in the Scotton Landing area of Battle Ground, Wash. The property on the southwest corner of S.W. Scotton Way and State Route 503 will comprise 65,175 square feet in 646 units. It’ll comprise six buildings and a covered loading area. The facility will specialize in boat/RV storage, offering automatic garage-door openers, indoor heating and LED lighting. Founded in 2002, Principal Properties specializes in commercial real estate development, investment and management. It offers consulting services for mixed-use, multi-family and retail properties.
Pro-Guard Self Storage has expanded its facility at 20554 Little Valley Rd NE in Poulsbo, Wash. A new building adds 32,525 square feet and 321 units to the property. Other additions include a covered area for loading and unloading, keypad access and video cameras. The new units are heated, with the upper levels accessed via a freight elevator. The facility is managed by Everett, Wash.-based West Coast Self-Storage Group, which operates a portfolio of 55 managed properties California, Oregon and Washington.
U-Haul acquired a former Sears store in Fairbanks, Alaska, in January that it intends to turn into a self-storage and truck-rental facility. The property at 3115 Airport Way will house a temporary showroom while conversion of the 90,890-square-foot building is underway. U-Haul Moving & Storage of South Fairbanks will offer truck and trailer sharing, towing equipment, moving supplies, hitch installation, and U-Box portable storage. When complete, it’ll comprise about 700 units as well as a heated area for loading and unloading.
2/4/19 – 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 an overview of recent activity.
The Upper Darby, Pa., Zoning Board has approved a self-storage plan submitted by 41 S. Union Ave. LLC. Company representative William Santora Sr. told officials the three-story facility at 20 S. Union Ave. would comprise about 100 units. Driveway access will be directly across Austin and Nyack Avenues in the borough of Lansdowne, which will minimize impact on the area, according to councilmember Jack Bierling.
Baranof Holdings LLC, a Dallas-based self-storage developer, has received site-plan approval for its project at 324 Neppheran Ave. in Yonkers, N.Y. The seven-story facility will comprise 93,100 rentable square feet in 1,174 climate-controlled units. Construction is expected to begin before the end of March. It’s one of four projects the company has under development that received equity investment from a private fund managed by Crow Holdings Capital Real Estate, a Dallas-based asset manager with interests in self-storage. Baranof also recently purchased a development site in Hayward, Calif., and entered a ground lease on another site in Honolulu. The company develops, builds and acquires self-storage properties nationwide. It operates 11 facilities in California, North Carolina, Oregon, Texas and Washington.
Blue Mountain Mini Storage and Go Self Storage have submitted separate land-use applications to build self-storage in Garfield County, Colo., though both proposals could face obstacles. Since the projects would be within three miles of Carbondale, Colo., that city’s planning and zoning officials act as a referring entity to the county; however, the Garfield County Commission will make the final decision.
Blue Mountain wants to build on about 6 acres at the intersection of County Road 100 and Highway 82, but the land has already been platted for a residential subdivision. The developer would like to replat a portion for self-storage, but town officials are hesitant of recommending the move because housing in the area is scarce.
Go Self Storage has proposed a larger facility on 2.7 acres at 12744 Highway 82. The property would comprise approximately 85,000 square feet in multiple buildings, with the main, three-story structure encompassing about 75,000 square feet. During a recent meeting, town planners were concerned about the impact of lighting and the size of the facility on the immediate area.
CBL Properties, a real estate investment trust (REIT) specializing in shopping centers, has proposed converting a former Golfsmith store to self-storage in Chattanooga, Tenn. The three-story facility would comprise 94,000 square feet at 2100 Hamilton Place Blvd. and would be managed by CubeSmart, a self-storage REIT and third-party management firm. The project would fit in with CBL’s larger plan to redevelop parts of the adjacent Hamilton Place mall and is similar to self-storage installations the company has done near its malls in Cincinnati and St. Louis. The Chattanooga-Hamilton County Regional Planning Commission will review a rezoning application for the project later this month. CBL has 67 malls nationwide.
Real estate development firm Criterion Group LLC has proposed a nine-story self-storage facility for 31-08 Northern Blvd. in Long Island City, N.Y. The building would stand 115 feet tall and comprise about 255,000 square feet. Criterion acquired the site in 2015 for $40 million. Observers say self-storage may be a suitable use for the site because Long Island City has experienced a spike in residential development and will soon be home to an Amazon regional facility.
North American Self Storage Group (NASSG), an acquisition and development platform based in Costa Mesa, Calif., has completed the conversion of a former warehouse in Peabody, Mass., to self-storage. The four-story, climate-controlled structure comprises 116,376 square feet. The property will be managed by CubeSmart. ARCO/Murray Design Build served as general contractor. NASSG specializes in the acquisition, renovation and conversion of commercial and industrial properties into self-storage across the United States.
U.K. entrepreneurs Mike Wilson and Andy Wood are building their fourth SureStore self-storage facility. The property in Bury, England, will comprise 42,000 square feet, including drive-up units as well as 9,000 square feet that will be leased to an unidentified commercial business. The business is expected to open in April, with the property scheduled to be fully functional by summer. SureStore launched last year behind investment backing from Seneca Partners Ltd. The company intends to have 10 operating facilities in its portfolio across the Northwest and Midlands during the next 12 months.
Phoenix-based U-Haul International Inc. has received initial approval from the Wickenburg, Ariz., Planning and Zoning Commission for a self-storage facility and truck-rental center. The project will be constructed on 16 acres at the northwest corner of Scenic Loop Road and U.S. Route 93. The site plan includes several buildings designed with Western facades. The property will include a primary, two-story structure, 11 self-storage buildings and four vehicle-storage canopies. It’s expected to open in 2020, depending on outstanding approvals. Established in 1945, U-Haul owns more than 32 million square feet of storage space nationwide.
Commercial real estate developer United Properties faces opposition to its plans to build a two-story self-storage facility at 1552 Quarry Road in the Central Park Commons area of Eagan, Minn. The property would comprise 100,850 square feet on 1.7 acres near retail, a hotel and multi-family developments. During a recent meeting, members of the advisory planning commission indicated the proposal exceeds building-coverage standards and doesn’t meet the city’s green-space requirements. Rick McKelvey, vice president of development at United, argued self-storage would cause less traffic and require less parking than another use. The developer has marketed the site for two years to attract other uses without success. Several residents also voiced opposition to the plan, with some urging the city to buy the property and dedicate it for park space.
Global Newswire, Talonvest Secures $29.6M Construction Loan for Downtown Los Angeles Development
Idaho Statesman, Two Hotels, Offices, Stores May Join Golf-Recreation Business in This Meridian Area
Index Journal, CubeSmart Site Opening at Former Greenwood Food Lion Supermarket
Pittsburgh Business Times, Kossman Seeks Approval for Mixed-Use Redevelopment of Perry Highway Site
PR Newswire, U-Haul at the Bedford Automile to Offer 840 Self-Storage Rooms at Former Chevy Dealership
South Florida Business Journal, Developer Proposes Self-Storage Complex Near Waterfront Condo in Miami-Dade
The Corvallis Advocate, Proposed Homeless Shelter Site to Become Self-Storage
The Eagle-Tribune, Windham Neighbors Wary of New Blasting at Development Site
The Leader-Herald, More Problems Arise for Storage Facility Proposal
The Republic, Council Approves Rezoning Application for Storage Facility
The Union Democrat, Plans to Convert Bowling Alley into Mini-Storage Move Forward
Trib Live, Ross Tables Vote on Proposed Perry Highway Project Amid Concerns About Impact on Neighborhood
Kenosha News, Board Approves Conceptual Plans for Self-Storage Facility
MLive, Bel-Air Drive-In Site Redeveloped for Storage Units
PR Newswire, Self-Storage in Fairbanks: U-Haul to Reuse Old Sears for New Facility
Press and News, Maple Grove Approves Storage Unit Facility Concept
The Post and Courier, New Daniel Island Church, West Ashley Storage Units and Mural on Charleston Board’s Agenda
The Reflector, First Recreational Vehicle Storage Facility to Open in Battle Ground This Summer
The Valley Breeze, Coming Storage Facility Part of Construction Boom on Route 116
Daily Times, Upper Darby Zoners Give Thumbs Down to Plea for Addition to Pilgrim Gardens Home
HometownSource.com, Self-storage Facility in Central Park Commons?
The Business Desk, Latest Self-Storage Scheme to Benefit Bury Economy
The Real Deal, Shibber Khan Is Switching Gears at His LIC Site With Plans for One of the City’s Largest Self-Storage Facilities
The Sopris Sun, Big Box Not the Storage Solution for Carbondale, P&Z Tells GarCo
The Wickenburg Sun, P&Z Approves U-Haul Facility
Times Free Press, New Self-Storage Building Coming to Hamilton Place Mall Area