Orlando, FL-based Liberty Investment Properties is currently building a 90,000-square-foot self-storage facility near the The Mall at Millenia in Orlando. The property will offer a drive-thru bay and 24 hour access.
The facility marks the 51st self-storage investment for Liberty, and the ninth Florida facility in its current portfolio. The facility will be managed by My Neighborhood Storage Center. Liberty was founded by husband and wife Mike and Melissa Mikkelson who built their first self-storage facility in Orlando in 1988. (The Liberty Investment team is shown breaking ground on the project at top.)
Under Construction
Diversified Realty Development Company of Fort Lauderdale, FL is building a 130,000-square-foot self-storage facility at 3803 White Lake Boulevard in Naples, FL. The project is a joint venture with Sefira Capital LLC.The 1,000-unit facility is scheduled to open in the summer of 2017. The project is funded by a $9 million loan from First GREEN Bank in Fort Lauderdale. The facility is being constructed by Gates Inc.
Bernard Frogel, a Los Angeles, CA-based developer, is converting a vacant Big Lots store he owns at 5952 Brainerd Road in Chattanooga, TN into a 100,000-square-foot self-storage facility. The project is expected to cost $3.5 million and is scheduled for completion in May 2017, according to the Times Free Press. CubeSmart has been tapped to manage the facility.
Timberline Self Storage is set to break ground on two parcels in Fort Collins: 2120 Midpoint Drive and 1615 Specht Point Road. The 88,500-square-foot facility is a project of Grow Your Storage LLC, the Coloradoan reports. The company also has another facility under development in Fort Collins on South College Avenue, south of Harmony Road that is expected to open in the fall of 2017. A third, at 56,600 square feet, is under construction in Fountain, CO with a spring 2017 opening scheduled.
Planned
Scannell Properties and Berman-Lapetina Enterprises LLC are seeking approval to build a four-story self-storage facility on the 5800 block of Howard Street in Skokie, IL. The Chicago Tribune reports that Extra Space Storage will operate the facility.
Stowaway Self-Storage obtained approval to build a 25,200-square-foot self-storage facility at Emory Road and Gass Drive in Greeneville, TN, according to the Greeneville Sun.
Affordable Self Storage of Hudson, NY seeks approval for a proposed 16,000-square-foot self-storage facility on a 4-acre plot at Fairview Avenue and Kipp Lane in Greenport, NY. The company hopes to start construction this spring, according to the Register-Star.
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