The William Warren Group is building an $11 million, 815-unit StorQuest facility in Denver, CO, according to the Colorado Real Estate Journal. It will be located at West Sixth Avenue and Kalamath Street and open by early September.
The self-storage company already owns or manages a dozen self-storage facilities in Denver. Another 910 units are under construction at 5301 DTC Blvd. in Greenwood Village and are scheduled to open in August. That facility cost about $14 million to construct.
The William Warren Group, which operates facilities under the name StorQuest, plans to break ground on another two facilities in the Denver area, including one with ground level retail, by the end of the summer.
Under construction
The former site of the Toledo Mud Hens’ historic baseball park (otherwise known as Swayne Field) is now a moving and storage location for U-Haul.
The ballpark was demolished in the 1950s, replaced with a four-story 155,630-square-foot warehouse building, which will be converted to self-storage units by U-Haul. The 5-acre parcel is located at 3011 Council St. in Toledo, OH. It was most recently occupied by Burkett Restaurant Equipment & Supplies since 1993.
Once renovations are complete this fall, the site will contain 700 self-storage units.
Houston-based Amazing Spaces has several self-storage locations in the works, according to The Woodlands Villager.
Construction is under way along FM 2978 in Magnolia, TX on the company’s second local center and fifth overall. Amazing Spaces – which markets itself as an “upscale” storage operator – also has a site south of The Woodlands for another location.
Amazing Spaces broke ground on the facility located near the intersection of FM 2978 and Research Forest Drive in January. Construction is slated for completion in October. The southern location will be located at the intersection of Spring Stuebner Road and Holzwarth Drive. It is scheduled to break ground this year.
Planning
U-Haul has purchased a 2.5-acre lot at 2135 Fifth St. NE in Washington D.C., for $12.25 million.
The site was home to a U.S. Postal Service facility for about 50 years, according to The Washington Business Journal.
The 79,380-square-foot historic building is located within a 3-minute walk the Rhode Island Avenue Metro station.
The company has owned the building next door to the USPS facility, 2215 Fifth, since 2005. Sources close to the deal said the former USPS facility will likely be converted into a self-storage building, with U-Haul truck parking on the surrounding lot.
Memphis, TN-based Premier Storage Investors has acquired a total of more than 6.5 acres in Nashville over a two-week period, according to The Tennessean.
The self-storage real estate investor and developer paid $1.2 million for an acre of land at 4326 Kenilwood Drive in south Nashville. It has approval to build a three-story, 88,800-square-foot, climate-controlled self-storage facility on that site. Construction is slated to start this summer and be finished by next spring.
Premier Storage Investors also picked up three parcels totaling 5.53 acres on Nolensville Pike for $1.1 million. A community meeting will be scheduled to discuss plans for self-storage units on the site at 6350, 6364 and 6368 Nolensville Pike. The facilities would be the first new construction in Nashville for Premier Storage, which previously owned other self-storage facilities in the city.
A joint venture between Ziff Properties, Inc. and Reliant Self Storage is planning a 718-unit self-storage facility in Chattanooga, TN.
The companies are set to acquire and redevelop Mountain Creek Village Shopping Center, according to The Chattanoogan.com.
The site was once home to a grocery store-anchored retail center. Once the redevelopment is complete, the finished product will be a Class A climate and non-climate controlled, 81,728-square-foot self storage facility. The property will also provide outdoor storage for boats and RVs as well as a two-story office and on-site managers unit.
Former supermarket owner Matt Sokol wants to convert his old grocery space at 340 Aviation Rd. in Queensbury, NY, into a self-storage facility, according to The Post Star.
The outside of the building would remain the same – preserving the architectural heritage of the surrounding area – but the inside would contain self-storage units. Sokol is asking the Queensbury Town Board for a rezoning of the space as a special use in neighborhood commercial zones. Loading and unloading would only take place behind the building
A public hearing will take place to determine if Sokol can move forward with his plans.
Sokol’s Market was in business for 40 years before it closed in 2013.
Bee Cave Self-Storage has been granted a special use permit to construct two self-storage buildings at 15110 W. Hwy. 71, according to Community Impact. The facilities are proposed to total nearly 108,000 square feet on a 4-acre site. Developer The Jenkins Organization was asked by the Bee Cave City Council to post fiscal security in the amount of $273,501 to fund its pollution-control plan.
Developer Tom DeCicco was given the green light to build a 78,0000-square-foot facility at 2111 Lohmans Crossing Road in Lakeway. The building will sit on 2.5 acres. Approval was granted after the passage of a narrowly defined special-use exception allowing storage facilities in a C-1, or commercial real estate, zoning category that includes retail sites. DeCicco has agreed to revitalize a nearby property he owns as well as add green space for the city.
Completed
Metro Storage LLC opened a 1,357-unit climate-controlled self-storage facility in the Sheepshead Bay neighborhood of Brooklyn, NY. Located at 2727 Knapp Street, the development represents Metro’s fourth New York store, according to a company press release.
The new, four-story building has 80,000 rentable square feet and features multiple drive up access points, four interior loading bays, security and several elevators. Unit sizes range from small 5×5 lockers to larger 10×30 units.
The developer says it overcame a long-standing restrictive covenant over the land that had led to the site being empty for nearly three decades. The ownership group includes Metro Storage LLC, Clark Investment Group of Wichita, KS, and Post Management in New York City.
The post The Roll Up: Weekly Self-Storage Development Round Up 6.22.2016 appeared first on The SpareFoot Storage Beat.