Planned
US Storage Centers has gotten the green light to build a 123,000-square-foot self-storage facility in North Miami, FL (pictured above). The five-story facility planned for 15555 West Dixie Highway recently obtained approval from city officials. The project is scheduled to open in the spring of 2017. US Storage Centers is operated by Irvine, CA-based Westport Properties.
The Boston Redevelopment Authority approved plans by Circle Development Co. to build an 82,500 square-foot self-storage facility called Boston Self Storage at 274 Southampton St. in Boston, MA. The six-story project will be LEED Silver certified and cost $12 million to construct, according to Commercial Property Executive. The facility will also include a 19,000-square-foot “fabrication space for experimental manufacturing” aimed at local entrepreneurs. Circle Development is based in Cincinnati, OH, where company principal Raymond Schneider previously developed eight self-storage facilities that operate under the name Circle Storage.
Circle Development Co. recently obtained approval to build this 82,500-square-foot facility in Boston.
Developers Mike Siurek and Doug Riccolo are planning to develop a 130,579-square-foot self-storage facility on the site of a car dealership in Wheaton, IL. The proposed facility will offer 759 units, including 44 units of vehicle storage. The Chicago Tribune reports that the developers received preliminary approval to move forward with the project, a final vote on the plan is scheduled two weeks from now.
The owners of an office building in Rockville, MD, Four Research Place LLC, are planning to convert the 81,866-square-foot structure into a self-storage facility, and build a new three-story, 87,000-square-foot self-storage building on its 2.45-acre parking lot. The project, located at 4 Research Place, is pending site plan approval.
A conversion to self-storage is slated for this office building in Rockville, MD, as well as a new storage building where the parking lot lies.
Cornerstone RPC plans to build a 114,050-square-foot self-storage facility on Hebron Parkway near Marsh Ridge Road in Carrolton, TX. The 4.84-acre site is currently being used for agricultural purposes. Extra Space Storage will operate the facility. Carrollton City Council has approved the project; the developers are now awaiting final plat approval, which is scheduled for November 3. The company has several other developments in Texas underway.
The latest Extra Space-managed development from Cornerstone RPC, this one in Carrollton, TX
Ted Evans, Jr., owner of Watkinsville Storage in Watkinsville, GA is looking to build a new facility nearby on the east side of Old Greensboro Road. The new facility will span 32,000 square feet and offer 166 units, according to the Commercial Property Executive. The $1.2 million project is set to open by January 2017. The county board of commissioners is scheduled to consider the proposal in Novemver.
Daryl Leise, a businessman in Omaha, NE, received approval to build a 700-unit self-storage facility on a commercial corner at 204th and Farnam Streets. Now he and the city are facing a lawsuit from residents in the adjacent neighborhood. The lawsuit alleges that the city council’s approval of the permit was “arbitrary and illegal”, according to Omaha.com. Residents, led by homeowner and attorney Rex Moats, had opposed the project for months arguing that a self-storage facility would lower property values.
A new 88,000-square-foot self-storage facility will replace an office building (currently occupied by a marijuana dispensary) at 160 NW Gilman Boulevard in Issaquah, WA. The four-story facility will also include a 12,000-square-foot Les Schwab Tire Store. Kirk and Karen Catterail own the property. Construction permits are pending.
Construction permits are pending for this self-storage facility in Issaquah, WA.
Orlando, FL-based Simply Self Storage wants to demolish a shuttered elementary school in Lindenhurst, NY and build a 200,000-square-foot storage facility in its place, according to Newsday. The envisioned facility would offer 1,4000 units. The former Edward W. Bower Elementary School closed in 2011 due to its age and declining enrollment. Several roadblocks remain for Simply Self Storage’s offer to buy the property for $5 million. Two other offers—one for senior housing and the other for apartments—are on the table. While the school board agreed last week to sell the property, the board could not decide which offer to accept. Final approval of any deal would also be subject to a public referendum. According to a follow up report from Newsday, the board will wait and see if the developers revise their proposals or new offers come to the table.
Under Construction
Assured Self-Storage is constructing a new self-storage facility at 4321 Creekview Drive in Carrollton, TX. Earlier in October, the operator also opened a new facility in Carrollton at 2444 Luna Road bringing its total open facility count to five. The Dallas-based operator sold 20 facilities to Extra Space Storage earlier this year.
Assured Self-Storage opened this facility at 2444 Luna Road in Carrollton, TX earlier this month.
Rick Neser is developing a 44,700-square-foot self-storage facility at River and 13th Streets in Boise, ID. The facility, dubbed Idaho Self Storage, will offer 432-units. Construction started October 3, according to Idaho Business Review.
Irvine, CA-based Dahn Corporation is ready to start construction of a 700-unit facility in Parker, CO. The facility, to be operated under the company’s Mini U Storage brand, will be Dahn’s 15th location in Colorado. “The Denver storage market is strong and we are thrilled to have found a parcel which will allows us to further expand our footprint in this region,” said Bob Bradley, executive vice president.
The post The Roll Up: Weekly Self-Storage Development Round Up 10.28.15 appeared first on .