Update 1/18/19 – 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 January 2019.
Real estate developer 1784 Capital Holdings LLC has broken ground on Gold Dust Self Storage, on a 2.1-acre parcel at 7245 E. Gold Dust Ave. in Scottsdale, Ariz. The former Macaroni Grill location will comprise 82,505 net rentable square feet, with two floors above ground and one below. It’s scheduled to open at the end of the year. The property is near one of the busiest intersections in the city for commuters and residents. The facility will offer “signature” amenities including climate-controlled loading areas, conference rooms, a hotel-style lobby and a play area, according to Shane Albers, chairman and CEO. Founded in 2013, 1784 Capital acquires, develops, constructs and owns self-storage facilities.
The Perryville, Mo., Board of Aldermen granted a special-use permit this week to property owner Justin Barnes to build a three-unit self-storage building at 1004 W. St. Joseph St. Though Barnes initially intends the storage space to be for personal use, he asked for the permit in case he decides to rent the three bays in the future for RV storage. Officials granted the request despite opposition from several neighboring residents.
The New Lenox Village Board approved a special-use permit to accommodate the self-storage plan from Blue Ribbon Management. As part of the contingency for the project at the northeast corner of Gougar Road and Haven Avenue, the company will be required to refrain from building on the three acres closest to neighboring homes. Blue Ribbon also agreed to all-natural landscaping, including a berm and trees, to serve as a buffer from residences instead of partial fencing. The community will have input to the types of trees planted.
The Chalottesville, N.C., Planning Commission recently approved a special-use permit for a mixed-use project at the corner of Belleview Avenue and River Road. Go Store It River LLC intends to develop a four-story self-storage structure built into the incline along Belleview as well as a four-story apartment building along River Road. The apartment building would include 54 residential units along with 1,500 square feet of retail space on the first floor.
Private real estate firm and self-storage operator the Hampshire Cos. is set to develop a 100,000-square-foot facility on a 2-acre parcel at 351 North Frontage Road in New London, Conn. The 800-unit project will be the company’s second in a designated Opportunity Zone. The site is in one of the city’s main shopping areas, with visibility from Interstate 95. At the end of 2018, Hampshire Cos. had 12 development projects underway across the Eastern United States, with another 14 targeted. Founded in 1976 and headquartered in Morristown, N.J., it has a diversified investment platform that includes self-storage, industrial, medical, office and retail properties primarily in Northern New Jersey.
LeConte Holdings LLC has received county planning approval for its Westland Drive self-storage project for the second time, despite some opposition from neighbors. After sending the plan back to the county for reconsideration, the Knoxville City Council will again review the proposal for final approval.
Metro Storage LLC, which operates more than 135 self-storage properties in 14 states, has opened a new facility in Wood-Ridge, N.J. The property at 765 Route 17 comprises 85,000 rentable square feet in 883 units. It was developed on the former site of a manufacturing facility and is the company’s eighth location in the New Jersey/Western New York City market. The climate-controlled facility includes elevators, interior loading and unloading areas, retail and office space, and security features. It’s near the Meadowlands sports complex and two airports. Headquartered in Lake Forest, Ill., the Metro Self Storage brand operates a portfolio comprising about 8.7 million square feet of storage space.
The Mayfield Heights, Ohio, City Council has approved the preliminary site plan for a self-storage facility at 1413 Golden Gate Blvd., across from a Best Buy location. Real estate developer John Molchan intends to incorporate an existing 28,500-square-foot building onsite and add 86,000 square feet of new construction. The final product will comprise 115,000 square feet in about 780 units. Molchan wants to open the facility in 2020 but must first seek parking, sign and setback variances from the board of zoning appeals. If approved, the project would still need review by the planning commission and approval from the city council.
The El Dorado County, Calif., Planning Commission has revised a previously approved Superior Self Storage project. The company will be allowed to raze two 11,100-square-foot canopies and remove 72 parking spaces to make way for a two-story, 76,000-square-foot self-storage building along Green Valley Road in community of Cameron Park.
Phoenix-based U-Haul International Inc. has submitted a conceptual plan to redevelop the Hartford Plaza retail center, including a former Kmart, into a self-storage and truck-rental facility in Hartford, Conn. The Kmart would be converted to include a 4,000-square-foot showroom with retail space and 66,000 square feet of storage. U-Haul would purchase the mostly vacant retail center, make site improvements and lease the remaining retail spaces. While city officials are generally favorable toward the plan, for aesthetic reasons, they oppose the company’s desire to build an additional 7,800 square feet of climate-controlled storage near the northeast corner of the lot to improve visibility from Highway 60. Established in 1945, U-Haul owns more than 32 million square feet of storage space.
The El Dorado County, Calif., Planning Commission has approved a self-storage project from an unidentified developer. The three-story facility will comprise 120,000 square feet. It’ll also included a two-story, 3,324-square-foot structure with a manager’s office on the first floor and residence on the second. Commissioners would like to see some landscaping added to the rear of the main structure, along with additional stonework or other design elements that’ll help reduce the size of the building visually. No outdoor storage will be allowed at the site, and staff will review the final building design.
Real estate developer Universal Development Inc. is converting a former hotel to self-storage at 1620 Motor Inn Drive in Liberty Township, Ohio. Though Metroplex Self Storage opened in November with the first two floors complete, Universal will hold its grand-opening ceremony this week. Converted hotel and lobby space has so far yielded 168 storage units, with the final tally estimated at around 450 units once the third and fourth floors are complete. Universal acquired the former Holiday Inn Metroplex in 2015 for $850,000. The company also owns Austintown Self Storage in Austintown, Ohio.
1/11/19 – 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 January 2019.
Blue Box Storage has opened in Salem, Ore., offering traditional self-storage and valet-storage services. For the valet offering, the company offers sealed and vented bins designed to be resistant to water, dust and pests. The facility will serve the Greater Salem area, including Albany, Dallas, Lyons and Woodburn.
Real estate developer Thomas Burke intends to build a four-story, 80,000-square-foot self-storage facility in the Glenmont area of Bethlehem, N.Y. The project, targeted for a 1.8-acre parcel along Chamberlain Street, would include 18 spaces for boat/RV storage. Though the planning department has seen the plan, it hasn’t formally discussed or reviewed it.
DPR Investments Ltd., a San Antonio-based consumer-services investment company, will develop a self-storage facility on 9.4 acres it owns along City Base Landing in Brooks County, Texas. The $16 million mixed-use project will feature climate-controlled units and flex space for small businesses. The project is part of the Opportunity Zone program created through the federal Tax Cuts and Job Act of 2017. It’s expected to break ground this fall.
Imperial Storage Solutions (formerly Voss Road Storage) is set to begin a three-phase expansion that’ll add 381,250 rentable square feet to its 9-acre property. The project includes climate-controlled units, 44 executive office spaces with three conference rooms and collaborative workspace, 14 office/warehouse units, and expanded vehicle parking. It’ll also feature three solar-powered buildings and cold/frozen storage with capability for a natural-gas backup generator. The first phase of 171,000 net rentable square feet is expected to be complete in January 2020. The third phase will incorporate document storage and a valet-storage warehouse.
The Knoxville-Knox County, Tenn., Metropolitan Planning Commission (MPC) was expected to review a self-storage proposal this week from developer LeConte Holdings LLC. Property owner Preston Smith wants to build a storage facility on a 2.4-acre U-shaped lot at 9608 Westland Dr. The site is on county land adjacent to a larger self-storage project that was previously approved by Knoxville officials. The planning commission approved the plan in October, but the Knoxville City Council kicked it back to the MPC. The project is opposed by neighboring residents who believe it’ll add to traffic congestion.
The Vigo County, Ind., Board of Commissioners has denied a self-storage rezoning request from property owners Melissa and Parker Manning for the second time. The couple first proposed to develop the facility behind commercial businesses near Southport Drive in October, but planners rejected a zoning change to commercial use. In December, the Mannings proposed a smaller version of their project for the same site, with a request for regional commercial zoning, which was unanimously denied. A petition opposing the project over flooding and traffic concerns was signed by 90 residents. The site was identified as a neighborhood conservation area under the county’s “Thrive 2025” conservation plan.
Planning officials in Bristol, England, have recommended approval for a self-storage facility proposed by online retailer Open 24 Seven on the site of the former Robert Cousins Sports Centre, which burned in 2013. The developer intends to use a mix of 172 single and double-stacked metal containers to provide 25,000 square feet of storage. The facility would also include office space. Open 24 Seven acquired the property in 2011 and used the site for commercial storage and administration prior to the fire. The sports center closed in 2005.
The Ridgefield, Conn., Planning and Zoning Commission won’t allow self-storage to be developed along the Route 7 business zone in the Branchville neighborhood. The decision was made after a pre-submission meeting for a self-storage facility at 71 Ethan Allen Highway. The unidentified developer intended to build up to four stories of storage in a building currently leased by Durant Party Rental but needed a zoning exception to pursue the project.
Fort Myers, Fla.-based Seagate Development Group is developing three self-storage facilities in Southwest Florida. The projects comprise a combined 210,000 square feet in the communities of Ave Maria, Estero and Fort Myers. Ave Maria Storage at 5306 Useppa Drive is a joint venture with Ave Maria Development. It’ll comprise 51,000 square feet in two single-story buildings and outdoor vehicle storage. Arbor Towne Storage at 10608 Colonial Blvd. in Fort Myers will comprise 76,000 square feet of storage in 654 units. It’s scheduled to be complete in February. University Storage at 20091 Tiburon Way in Estero will be three stories and offer 90,000 square feet of rentable space in 619 units. Seagate specializes in commercial and residential development as well as property management.
Real estate developer Titan Development has completed Corrales Storage in Rio Rancho, N.M. The property comprises 86,382 square feet in a two-story building and a single-story structure. The facility will be managed by self-storage REIT Extra Space Storage Inc. General contractor ARCO/Murray Design Build provided architectural, permitting and construction services. The project is one of four New Mexico developments the company is handling for Titan. Founded in 1999, Titan provides real estate services including acquisitions, design/build leaseback, joint ventures, land entitlement and private-equity real estate fund management. It has land holdings across Florida, New Mexico and Texas.
1/4/19 – 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.
Global real estate development firm Blue Ribbon Management LLC intends to build a 111,810-square-foot self-storage facility on a portion of a vacant 11-acre parcel in New Lenox, Ill., but neighboring residents of two subdivisions are concerned about noise, property values and security issues. The project, which would also include a pair of 11,000-square-foot buildings for RV storage, requires a special-use permit. Michael Kelly, vice president for Blue Ribbon, told the village board the facility would have minimal impact on traffic and that he’d supply crime statistics associated with self-storage developments. The developer’s plan includes perimeter fencing, electronic access and security cameras.
Real estate developer Buck Creek Explorations LLC has opened a new self-storage facility in Louisville, Ky. The Storage Project – Coopers Chapel at 9801 Preston Crossing Blvd. comprises 69,457 square feet in 515 units. The property, which includes climate-controlled and drive-up units, is near several apartment complexes and a residential community under development, according to a press release. Property-management firm Absolute Storage Management will manage the site.
Lok’nStore Group PLC, which operates 26 self-storage and two records-storage facilities in the United Kingdom, has broken ground on a 15,306-square-foot facility in Ipswich, England. The location in the Futura Park commercial development is expected to open this summer. Founded in 1995, Lok’nStore builds, buys or leases large warehouses or industrial buildings and rents storage units to customers on a weekly basis.
The Fort Oglethorpe, Ga., City Council recently agreed to rezone an existing 7.4-acre self-storage property and annex the adjoining 2.1 acres, allowing owner Robert White of New Mountain Investments LLC to expand the facility and bring it into compliance with municipal code. Changing the zoning from residential makes the storage facility a conforming use. The expansion will include a single structure with up to 30,000 square feet of climate-controlled space, though the annexed land will require zoning approval for that portion of the project. City officials and some residents expressed concern that the expansion could worsen existing storm-water issues, but project engineer Daphne Caldwell told the council the project would properly divert floodwater.
The Kirkwood, Mo., Planning and Zoning Commission rejected a plan submitted by the Nolan Bros. of Texas Inc. to convert a former Shop ’n Save store into a 120,000-square-foot self-storage facility. Though commission subcommittees had recommended approving a zoning change and three special-use permits, planners were split on the mixed-use plan that would have subdivided the 8.6-acre site at 10461 Manchester Road into four parcels and incorporated other retail uses in addition to storage. The city council will review the Nolan Bros. plan on appeal on Jan. 17, but officials will have to vote 5-2 in favor of it to override the commission’s decision. The project is supported by several neighboring businesses. The self-storage operator owns 25 facilities under the EZ Storage brand name in Massachusetts, Michigan, Missouri and Pennsylvania.
The East Union Township, Pa., Zoning Hearing Board has unanimously approved a zoning change to allow self-storage on a 6.4-acre parcel between Nuremberg Mountain Road and South Street in the village of Oneida. Property owner Tyler Shustack intends to construct six buildings comprising 230 units as well as vehicle canopies. Though the board voted 3-0 in favor of the zoning change, it attached several conditions including final review and approval by the planning commission, limited hours of operation, and a requirement that items intended for storage be visually inspected for “dangerous and toxic materials” prior to being placed in units.
Real estate developer Stackhouse Properties LLC has submitted a concept plan to Chapel Hill, N.C., officials that includes a gas station and self-storage facility on a 13.9-acre site at 1200 Martin Luther King Jr. Blvd. The plan would expand a former Marathon gas station and add a 100,800-square-foot self-storage building to the property but force the rerouting of two driveways into Tar Heel Mobile Home Park and potentially call for the relocation of 12 to 15 homes. Stackhouse acquired the gas station and mobile-home park for $3.9 million in September. Though some of the mobile homes could be moved to an open space currently used as a playing field, some city officials have called for more affordable housing rather than the commercial concept plan. The city’s housing advisory board could review the plan this month, with the potential for a town council review in February.
Property owner Adam Wagner received pushback from the Longview, Texas, Planning and Zoning Commission last month when officials rejected design changes for his already-approved self-storage project on McCann Road. Wagner wants to increase capacity of Superior Storage from 72,000 to 100,000 square feet while changing the configuration from five storage buildings to two, plus an office. The revision would include the addition of climate-controlled spaces to meet market demand, Wagner argued. The developer also wants to eliminate a decorative iron fence that was part of his original plan. Wagner’s changes will be reviewed by the city council on Jan. 10, but the developer will have to convince at least 75 percent of members to approve the changes to override the commission.
Atlanta-based real estate investment and management firm WePartner Management LLC has been granted a special-use permit for a three-story WePartner Storage facility in Peachtree Corners, Ga. The property at 7112 Peachtree Industrial Blvd. will actually front Amwiler Road just east of Winters Chapel Road. The brick and stucco structure will feature a glass storefront. No exterior storage will be permitted. WePartner specializes in the acquisition, development and management of industrial, office, retail and residential properties.
Benzinga, Metro Storage LLC Opens a New Self Storage Facility in Wood-Ridge, New Jersey
Cleveland.com, Mayfield Heights Council Approves Preliminary Plans for Self-Storage Facility, New Conrad's Building
GM Today, U-Haul Proposes Purchase, Redevelopment of Hartford Plaza
Knox News, Recode Knoxville, Reworking City's Zoning Ordinance, Wins Planners' Approval
Mountain Democrat, Two Self-Storage Projects Approved by Planners
Perryville News, City Grants Permit for Storage Facility
REBusiness Online, 1784 Capital Holdings Breaks Ground on Gold Dust Self Storage in Scottsdale, Arizona
The Business Journal, Metroplex Gets New Lease on Life with Self-Storage
The Daily Progress, CT: Plans for River Road Apartments, Self-Storage Heading to Council
The Herald-News, New Lenox Approves New Self-Storage Facility After Concessions Made
Business Observer, Seagate Development Building Some Extra Space
Digital Journal, Blue Box Storage, a Self-Storage Facility in Salem, Oregon, Celebrates Its Grand Opening
Insider Media Ltd., Storage Site Planned for Fire-Hit Former Leisure Centre
Knox News, Doubts Send W. Knoxville Self-Storage Plan Back to MPC
Patch, No Self-Storage in Branchville: Ridgefield Zoning Commission
San Antonio Business Journal, Local Entrepreneur Talks Plans for Texas' First Opportunity Zone Investment
Times Union, Self-Storage Building Planned for Glenmont
Tribune Star, Vigo Denies Rezoning for Storage Facility
AJC, Peachtree Corners Approves Storage Facility on PIB
East Anglian Daily Times, A Big-Name National Self-Storage Company Is Opening Its First Store in Our Region
Longview News Journal, PZ Board Rejects Self-Storage Plan Changes
Northwest Georgian News, Fort Oglethorpe Rezones Storage Facility, Approves Annexation for Expansion
The Herald-News, New Lenox Residents Voice Concerns About New Storage Facility
The News & Observer, Gas Station, Self-Storage Plan Could Displace More Chapel Hill Mobile-Home Families
The Shenandoah Sentinel, East Union Zoning Approves Oneida Self Storage Proposal With Conditions
Webster-Kirkwood Times, Council Reviews Storage Facility At Shop ‘n Save
Webster-Kirkwood Times, P&Z Rejects Multi-Part Plan For Former Shop ‘n Save