The Atlanta Botanical Garden in Georgia is working on a $40 million land swap that would result in a new five-story self-storage facility in the Virginia-Highland area of Atlanta. The existing Public Storage facility adjacent to the botanical garden will be torn down to make way for an expansion of the gardens. The Garden announced it has raised $35 million in donations and would acquire about seven acres of commercial property along Piedmont Avenue and Westminster Drive for the expansion. The overall deal will cost about $60 million.
The plan is for Public Storage to put up a replacement storage facility in VaHi at 1011 Monroe and 597 Cooledge Avenue (below). That site is currently home to a vacant commercial building and adjacent to another existing storage business. The Garden will handle permitting for the new facility and later transfer ownership of the facility to Public Storage. Existing customers will be moved to the new facility.
Source: Saporta Report
Planned
Basis Industrial purchased a 4-acre development site in Melbourne, FL, which is part of the Space Coast region. Basis plans to build a self-storage facility with 125,000 square feet at 2480 Aurora Ride, which it acquired Nov. 22. Outside of self-storage, the real estate owner and operator shelled out $32 million for a mixed-use asset in Orlando, FL totaling 254,000 square feet, with 150,000 square feet of multi-tenant flex space and 100,000 square feet of office suites. Source: Basis Industrial
In Virginia, applicant Secure Space seeks Fairfax County’s permission to build a seven-story self-storage facility at 6235 Brandon Ave (above). The storage facility would be built on a vacant part of a parcel shared with an existing TownePlace Suites by Marriott. Secure Space said it won’t have a major effect on the hotel. The space previously was considered for a restaurant. Secure Space will dedicate roughly 2,700 square feet for retail uses or community spaces. The rezoning application has not yet been accepted for review by the county. Source: FFXNow
The former Armory Garage showroom at Central and Colvin avenues in Albany, NY, may be converted into self-storage units. Also, an adjacent parking lot is being considered for an affordable housing development. Burke Cos. of Malta has a contract to buy the roughly 7-acre property from the owner of Armory Garage. The vacant showroom is undergoing the municipal review process. Source: Albany Business Review
A self-storage business is coming to Bridgeport Avenue in Shelton, CT, following approval from the Planning and Zoning Commission. Kickoff Acquisitions of Poughkeepsie, NY presented a plan to expand into the 32,000-square-foot building currently on the property at 915-917 Bridgeport Ave. They would add three floors onto a portion of the existing building, plus a four-story, 6,000-square-foot addition. The building will be 115,000 square feet, with 102,000 of it dedicated to Extra Storage Space, which has 770 units and will be climate-controlled. Pieces of the Puzzle Early Learning Center and Community Residences Inc. will stay in 12,700 square feet of the existing building. Source: CT Post
In Pennsylvania, self-storage may be coming to South Whitehall Township, as the Planning Commission took a proposed facility plan under advisement. Montar Group LLC seeks to build a three-story, 112,800-square-foot facility with a 16-space parking lot at 3350 and 3354 Walbert Ave. It would consolidate two parcels and knock down the existing residential and agricultural structures. Source: 69 News WFMZ-TV
The planning board in Riverhead, NY granted final site plan approval for a two-story, 20,000-square-foot self-storage warehouse at 817 Pulaski St. It’s a 3.5-acre parcel located on the southwest corner of Pulaski Street and Marcy Avenue, in the Industrial C zoning district. Source: Riverhead Local
In upstate New York, the Rochester Zoning Board of Appeals considered a plan to place a seven-building, 47,568-square-foot self-storage facility on 14.93 acres on Cranberry Highway. The petitioner, JPF Development, seeks a special permit because the proposed use doesn’t match with the uses allowed in the Industrial Zone. The board meets again on Dec. 8. Source: The Wanderer
A $17.85 million construction loan has been made to Quinlan Development Group LLC, a privately held real estate investment and development firm based in Manhattan, NY. Bank OZK made the loan for a ground-up self-storage facility at 317 Valley St., South Orange, NJ. It’s the fifth project for which the developer received construction financing through Bank OZK. The facility will be managed by Public Storage. Going up will be a 130,000-square-foot, four-story building with 997 climate-controlled units at the corner of Valley Street and Lackawanna Place. Source: Quinlan Development Group LLC.
Under construction
Rosewood Property Co. and Diamond Point Development have started building a self-storage facility at the former site of the Olympic Diner near a roundabout at 620 Washington Ave. in Kingston, NY. It will have 650 climate-controlled units across three floors, with completion scheduled for late 2023. The structure will be 92,000 square feet, with 68,000 of that for storage. Developers took down the diner as well as a 3,670-square-foot building that had been used for offices and storage. Diamond Point is the project developer and Rosewood is the majority equity partner. Source: Daily Freeman
Completed
Guardian Storage opened a new location off of Airport Road in Hanover Township, PA. It’s called Allentown Airport Road and has four stories of rentable space. The company also has broken ground on a location in Lower Macungie Township. Guardian has 20 locations in the Pittsburgh, PA area and 14 in Colorado. Source: 69 News WFMZ-TV
