SecureSpace Self Storage company in Walnut Creek, CA bought an old industrial and commercial building of 89,500 square feet at 2700 Mitchell Drive in the Shadelands district for about $14.3 million. It will be demolished and replaced by a new microbrewery and a storage complex. The Calicraft Brewing currently operates a small tap room on the site and will move into the upgraded 9,000-square-foot brewpub building. The three-story self-storage center would have 155,600 square feet of space available for lease.
Source: MSN
Planned
CP Branford LLC has proposed turning a former movie theater – the Branford Regal multiplex – into a self-storage facility with 120 units in Torrington, CT. The plan would be to retain the building and add a four-story, 120-unit apartment structure, coffee shop and small restaurant on other parts of the 13.75-acre property. CP representatives presented a preliminary proposal at a Planning and Zoning Commission meeting. Planned Development District status would be needed for the entire site. Source: Register Citizen
The town of Windsor, CT approved a zoning change to allow self-storage facilities in restricted commercial zones as a new option for underutilized properties, such as office buildings. Consulting firm Goman+Yoke, located in East Hartford, CT, applied for a zone change on behalf of Targeting Centre One LLC, which owns a 97,200-square-foot office building at 1 Targeting Centre. The vacant building is in a restricted commercial zone near an area where self-storage was not allowed. Source: Hartford Business Journal
Completed
2GR Equity and Connell Realty Services Inc. finished building Long Star Self Storage, a 76,000-square-foot, 70-unit facility at 181 Cardinal Road in Waxahachie, TX. The project, about 25 miles from downtown Dallas, TX, sits on 3.1 acres and started in July 2022. Simmons Bank originated a construction loan for the project. Anderson Architects provided architectural and interior design services.
LSC Development LLC finished the ground-up construction of a self-storage facility at 550 West Old Country Road in Hicksville, Long Island, NY (above). Construction on the three-story, climate-controlled site started in Q3 2021 after almost three years of negotiations with AT&T. Contractors included Mancini Mui Architecture, Pinnacle Commercial Development and Center Bank. The building has 110,861 NRSF and 1,493 units. It is LSC’s sixth self-storage facility on Long Island, with another one under construction. Extra Space Storage will operate the facility.
Legislative
In Rhode Island, the Providence City Council banned the development of self-storage warehouses in favor of affordable housing. Councilman Miguel Sanchez said. “Land is scarce in Providence and what little there is has been grabbed up by the self-storage industry. The council has committed to moving away from these types of development projects and fully embracing efforts to build affordable housing.” Source: (WPRI.com)
