The Roll Up: Weekly Self-Storage Development News 8.31.22

Bruce Goldberg
August 31, 2022

A Kmart store closed since early 2019 will become a self-storage facility in Allentown, PA. Devon Self Storage plans to use the existing 86,395-square-foot Kmart building at 1502 S. Fourth St. and also plans to build an estimated 37,000 square feet for a self-storage site. The company hopes to use a total of about 123,400 square feet on more than 13 acres. Devon wants to convert the Kmart building into a drive-through, interior self-storage facility. The building would include 590 storage units. Another 220 exterior units are planned for the southern end of the parking lot.

Source: Lehigh Valley Live

Planned

A 9,820-square-foot light industrial building will be taken down to make room for a 949-unit self-storage facility at 1060 Nepperhan Ave. in Yonkers, NY (rendered above). Parkview Financial provided an $18.3 million construction loan to KCT Inc. for the new building. KCT plans to demolish the industrial building where it had operated its business, Health Products Corp., since 1973. It will build an eight-story, 77,000-square-foot facility on the .55-acre lot. Completion is scheduled for late 2023. CubeSmart will operate the site. JCT Development is the general contractor and ELEVEN18 Architecture is the architect of record. Source: Paces Public Relations

In Minnesota, the Albertville City Council approved a zoning map amendment, site and building plans for Darkenwald Corp. to put up a multiple-building self-storage facility with outdoor storage. It will go on a 26.78-acre lot at the northeast corner of 67th Street and Karmen Avenue. There would be eight self-storage buildings on site. One building will be 42,000 square feet and have climate control. None of the other seven buildings will have climate control. The buildings range in size from 4,750 to 14,175 square feet. Source: Press & News

The Springfield, MO city council unanimously approved a self-storage site with 188 climate-controlled units (rendered above) near Sequiota Park. The Planning and Zoning Commission was against allowing the units; professional city staffers recommended approval. Source: Springfield News-Leader

Completed

Strategic Development Group LLC opened a newly constructed North Penn Self Storage facility, located on the site of the former New York Boiler facility on Route 309 in Lansdale, PA. The three-story building has 65,000 rentable square feet (and 88,000 gross building square feet on 1.75 acres) and more than 580 units. Storage Construction of York, PA, was the builder. 180 Self Storage LLC of Gilbert, AZ will manage the property. Source: Strategic Development Group LLC

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