Trumbull Self Storage Developer Closes Loan, Begins Construction in Connecticut

Three years after financing woes brought the development of Trumbull Self Storage to a halt, construction has resumed for the facility on 6 Cutlers Farm Road in Trumbull, Conn. The citys planning and zoning commission approved the business in May 2010, but developer Matthew Romano had trouble securing financing. A loan to fund the development closed on Friday, Romanos lawyer told the source.

April 24, 2013

1 Min Read
Trumbull Self Storage Developer Closes Loan, Begins Construction in Connecticut

Three years after financing woes brought the development of Trumbull Self Storage to a halt, construction has resumed for the facility on 6 Cutlers Farm Road in Trumbull, Conn. The citys planning and zoning commission approved the business in May 2010, but developer Matthew Romano had trouble securing financing. A loan to fund the development closed on Friday, Romanos lawyer told the source.

Romano, a Trumbull native and resident, bought the land in 2004. After going through zoning hearings to get approval, the effects of the bad economy stalled the project shortly afterward, he told the source. The facility is slated to open in the first quarter of 2014, he said.

He also told the source he hopes to ride the wave of popularity caused by TV shows like Storage Wars.

Trumbull Self Storage will feature 350 climate-controlled units, a coffee bar and Wi-Fi. It will also feature a sheltered loading area, and offer services to local businesses. Romano said he hopes the facility will be a destination for business meetings.

Romanos brother, Keith, also rents out storage garages on Spring Hill Road.

Sources:

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