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Banner Storage Group Gets Green Light for Self-Storage Project in Lakewood, CO

Banner Storage Group LLC, a subsidiary of Banner Apartments LLC, which buys, builds, finances and sells self-storage properties, received unanimous approval from the Lakewood Planning Commission to develop a mixed-use property that will include self-storage in Lakewood, Colo. The project at 9300 W. Colfax Ave. will feature 103,000 square feet of climate-controlled space on a 2-acre site. It will also include 10,000 square feet of retail space with the potential for a drive-through window. The $10.5 million project is expected to open in the fall of 2016, according to a company press release.

November 24, 2015

1 Min Read
Banner Storage Group Gets Green Light for Self-Storage Project in Lakewood, CO

Banner Storage Group LLC, a subsidiary of Banner Apartments LLC, which buys, builds, finances and sells self-storage properties, received unanimous approval from the Lakewood Planning Commission to develop a mixed-use property that will include self-storage in Lakewood, Colo. The project at 9300 W. Colfax Ave. will feature 103,000 square feet of climate-controlled space on a 2-acre site. It will also include 10,000 square feet of retail space with the potential for a drive-through window. The $10.5 million project is expected to open in the fall of 2016, according to a company press release.

Banner is currently developing several self-storage projects, including a seven-story facility in downtown Miami and a 70,384-square-foot property in the city’s Little Haiti neighborhood. The company also has a development proposal under review in Mount Greenwood, Ill.

Banner Storage Group was formed in July 2013 to diversify Banner Apartments’ real estate holdings. The subsidiary is led by Gary Delaney, president, and John Nikolich, executive vice president, who have more than 35 years of combined experience in the acquisition, development, disposition and financing of self-storage properties, portfolios and operating companies.

Banner-Group-Self-Storage-Lakewood-Colorado***

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