New life has come to a proposed self-storage facility near the Tramonto development in Phoenix, AZ.
Developer High Range Partners withdrew its application after local residents objected to the facility at a meeting of the Phoenix North Gateway Village Planning Committee. But Brexton LLC came along, partnered with High Range Partners and revived the pitch for a two-story, 117,000-square-foot building. Brexton also made changes to the site plan following requests from the Tramonto HOA board.
The facility would be located between the Ironhorse at Tramonto apartments and Casitas at Tramonto, which is under construction. Source: North Phoenix News
Planned
Urstadt Biddle Properties, which owns The Dock shopping center in Stratford, CT, will seek approval from town officials to build a five-story self-storage facility. The site would have about 120,000 square feet for storage space plus a retail building. The company is talking to prospective chain restaurants about the retail space. Urstadt Biddle, a REIT, owns and operates about 80 small-to-midsized shopping plazas in Fairfield County, New York and New Jersey. Source: ctpost
Eastland Partners, a real estate investment company, plans to build a self-storage complex in south Framingham, MA. The company purchased a closed industrial site at 120 Leland St., about 4 acres, for $1.9 million in December. Eastland will demolish the building and get rid of the pavement in order to build five one-story buildings, one two-story structure plus a one-story warehouse/office building. These projects will take about three years. Source: The MetroWest Daily News
Moove In Partners-Pottstown LLC paid $2.4 million to purchase an automobile showroom and 6.39 acres of land at 2148 E. High St. in Sanatoga, PA – and a published report said the new owner seeks to convert it into a self-storage facility. The sale closed on Dec. 21, 2017. Tri-County Chrysler Dodge Jeep Rambler was the last entity to occupy the showroom. The purchasing entity is affiliated with Moove In Self Storage, which runs 21 self-storage sites in Maryland, New Jersey and Pennsylvania. The company also bought existing facilities in Douglassville and Sanatoga. Source: The Post
Under construction
U-Haul Moving & Storage of Sioux City, IA, plans to build about 900 self-storage units in a former Kmart store building that has 109,500 square feet. The company opened a temporary showroom there after purchasing the building Jan. 11. There, it offers truck and trailer sharing, towing equipment, moving supplies and U-Box portable moving and storage containers. U-Haul will add propane and professional hitch installation later on. Source: PR Newswire
Valscott Properties LLC (Scott and Valerie Gayer) expect to open Phase I of Kansas Expwy Self Storage at the southwest corner of Kansas Expressway and Grand Street in mid-March in Springfield, MO. The first phase includes six mini-storage buildings with a combined 150 units. Phase II plans are for another seven buildings on the 4.6-acre lot. Hambey Construction LLC is the general contractor. Source: SBJ Business Authority
U-Haul is converting two five-story towers that served as Boeing airline customer support offices into a self-storage facility that will offer approximately 3,800 units at 2925 S. 112th St. in Tukwila, WA. U-Haul Moving & Storage of Duwamish is working in a temporary showroom, offering truck and trailer sharing, moving supplies, towing equipment and more. The towers have a combined 323,758 square feet.
“This location will help us bring truck sharing and self-storage to the community of Tukwila and nearby SeaTac, Burien, South Park, Allentown, Glendale and Riverton-Boulevard Park,” said Kim Merow, president, U-Haul Company of South Seattle. Source: PR Newswire
Completed
StorQuest opened a self-storage facility in November 2017 at 605 US Highway 1 in Vero Beach, FL. It has 670 units and 58,350 square feet. Source: Market Insider
The post The Roll Up: Weekly Self-Storage Development Round Up 2.21.18 appeared first on The SpareFoot Storage Beat.