A landowner in Arlington, VA, plans to build a five-story storage facility on a site that a parks group is trying to save because of its historic nature.
The site, at 6873 Lee Highway, features a train trestle (pictured above) built in the 1920s that was used for unloading and storing coal.
The owner, R. Shreve LLC, initially sought to develop a mixed-use residential and retail building, but that proposal was put on hold in October 2013. Now, the owner has decided to build a self-storage facility, according to city planner Elizabeth Kays. Building permits are pending for the project. In the meantime, Shreve has started demolition of the trestle’s concrete structures.
About 25 percent of the trestle is on land owned by Shreve. The local park authority owns the rest of the trestle. That group is seeking a historic designation for the site, according to ARLnow.com.
The Lock Up Self Storage
Northfield, IL-based storage operator BRB Development is developing a 90,000-square-foot facility in a Chicago suburb.
The two-story facility will be built in the 7900 block of Lemont Road in Woodridge, IL. The project recently received zoning approval from village officials.
BRB Development operates The Lock Up Self Storage. It has 30 facilities in eight states, with 13 of those facilities in Illinois.
Safeguard Self Storage
Safeguard Self Storage has closed on a site at 5026 N. Sheridan Road in Chicago for $1.15 million.
The company will build a 52,000-square-foot facility with 770 units. The facility will be the company’s 69th location in the U.S. and its 12th location in the Chicago area. A 675-unit Safeguard facility already is under construction in Chicago’s West Rogers Park neighborhood.
“The Chicago area is a terrific market for Safeguard and provides the company with the opportunity to add value to the Safeguard portfolio,” said Allan Sweet, Safeguard’s CEO.
Jim Goonan, senior vice president of development at Safeguard, told The Storage Facilitator in January that the total price tag for the two Chicago projects would be about $15 million. Both facilities are scheduled to open in 2015.
EZ Self Storage
Kendall Breunig, owner of seven EZ Self Storage facilities in Wisconsin, has submitted plans to convert a vacant property in Greenfield, WI, into a storage facility. The property, at 3645 W. Loomis Road, was home to the Chocolate House candy factory.
Breunig wants to renovate the 29,000-square-foot warehouse and add a 12,000-square-foot second story. He also plans to construct two buildings with a total of about 7,500 square feet, according to the Milwaukee Journal Sentinel. Local planner commissioners have given preliminary approval for the project.
Advantage Self Storage
McKinney, TX-based storage operator Advantage Self Storage is developing a 65,900-square foot facility in the Lake Highlands section of Dallas. The facility, at 10420 E. Northwest Highway, will contain more than 550 units.
This is Advantage’s third new development project unveiled in the past three months. The Lake Highlands project is a joint venture with Harrison Street Real Estate Capital, a private equity firm in Chicago.
“This infill urban storage development will be an incredible addition to the Advantage and Harrison Street portfolios,” said Rick Jones, CEO of Advantage Self Storage.
Advantage operates several facilities in Texas and Oklahoma.
Gateway Holdings, a developer based in Winston-Salem, NC, plans to build a storage facility on a 4½-acre site at 585 Waughtown St. in Winston-Salem. The site is a mile from the University of North Carolina’s School of the Arts.
Gateway Holdings will start construction on the 110,000-square-foot facility in November, according to the Triad Business Journal. Gateway President and CEO Frank Hinman said a third-party manager will operate the facility.
Gateway has owned the site since 1999. The developer will tear down one of the three existing office buildings and convert the two other buildings into storage.