Ferris wheels, cotton candy, and self-storage?
A carnival will help mark the opening of StorCo Self Storage when it celebrates its grand opening in Wood River, IL. The new facility, on the site of the former Jack Schmitt Chevrolet car lot, has more than 500 units plus outdoor vehicle storage. StorCo will host the carnival from April 13-32 at 1401 Vaughn Road. Wood River Parks and Recreation will co-host the carnival. StorCo is an affiliate of Store Here Self Storage, which runs 25 facilities in 15 states.
Source: Alton Daily News
Planned
Wentworth Storage Co. plans to build a self-storage facility at 20th Avenue and Northern in Phoenix, AZ. It will have two stories and 736 climate-controlled units in 92,535 rentable square feet. It also will have a drive-through loading area.
“Drive up climate control is the highest demand product type in the Phoenix market and there is a lack of comparable offering in the immediate area,” said Dave King, managing director with Wentworth Storage.
The opening is planned for Q2 2020. Wentworth, the self-storage division of Phoenix, AZ-based Wentworth Property Co., bought the 2.15-acre site in January 2018.
Sunny’s Grand Parkway Self Storage and U-Haul completed an expansion, adding 100,000 square feet, and now offers 907 units. The facility is located at 1555 W. Grand Parkway N., Katy, TX. The business first opened about 18 years ago. He project included strengthening flood-mitigation efforts in order to protect the units in case of a flood. Source: Community Impact Newspaper
The planning board in Buffalo, NY, is reviewing plans to redevelop 57 Tonawanda St. to have apartments plus mini-storage units. Fran Epstein is teaming with Colorado-based Element Properties on the $23 million project, called Fedder Lofts. The projects calls for 85 market-rate apartments plus a 20,610-square-foot self-storage facility. Construction could start as early as this summer, with opening in mid-2020. Source: Buffalo Rising
U-Haul is converting a former Kmart store at 4110 E. Sprague Ave. in eastern Spokane, WA. U-Haul Moving & Storage of East Town is operating from a temporary showroom for now. U-Haul bought the 115,992-square-foot building on Jan. 18. It will have about 700 indoor units. Source: PR Newswire
New York City-based Storage Deluxe purchased a 62,000-square-foot building at 370 W. Main St., Stamford, CT, for $5.5 million. It has received zoning approval and now plans to convert the five-story building into self-storage with 60,000 square feet and more than 500 units; completion is planned for this summer. In addition, Storage Deluxe will retain the existing 2,000 square feet of retail space.
Atlanta, GA-based NitNeil Partners structured a Qualified Opportunity Fund for a self-storage project at 2021 Airport Blvd. in East Austin, TX. The company bought the land parcel and established the fund soon after the IRS released guidance on the new legislation in 2018. Opportunity Zone legislation is meant to push economic development, job creation and long-term investment in distressed neighborhoods nationwide. The Austin site will have four stories and 100,000 square feet, and has a projected finish date of March 1, 2020.
U-Haul plans to convert a 172,000-square-foot flex building, which is across the street from the entrance to the Loop – a mall in Methuen, MA – into a mixed-use complex that includes a climate-controlled self-storage facility. The building is located on Pleasant Valley Street. Joseph Mendola of NAI Norwood Group, and David and James Stubblebine of The Stubblebine Co., represented the building’s seller. Mendola is the Argus Self Storage Sales Network broker affiliate for northern New England.
Completed
Atlanta, GA-based ARCO/Murray has finished building two self-storage facilities in New Mexico for Titan Development: Ladera Storage in Albuquerque and Vegas Verde Storage in Santa Fe. Ladera Storage is a three-story, 103,350-square-foot site with climate-controlled units. Vegas Verda Storage is a four-story building with 88,184 square feet and also climate-controlled units. Extra Space Storage will manage both facilities. Source: RE Business Online
Cube Smart opened its third location in Gilbert, AZ, at 4700 s. Val Vista Drive, on Feb. 1. Source: Community Impact Newspaper
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