The Roll Up: Developer plans storage conversion at New York shopping mall

Bruce Goldberg
Published June 19, 2024

The Bahlmann Capital Group proposes to convert the space previously occupied by Dick’s Sporting Goods, Ulta, DSW and Best Buy at the Ithaca Mall into a climate-controlled, self-service storage facility. Boston-based Bahlmann specializes in self-storage, building both new facilities and conversions of existing spaces. Major tenants have vacated the mall in recent years, favoring outdoor plaza space in the city of Ithaca, NY instead. Bahlmann proposes to buy the mall spaces from mall owner Namdar and create storage units. CubeSmart would manage the facility. Current mall occupants also include Target, medical facilities, pickleball courts and a roller derby rink.

Source: The Ithaca Voice

Planned

Omega Self Storage, 6814 Lower York Road in Solebury Township, PA, seeks to add a three-story, climate-controlled, 24,000-square-foot storage building to its existing facility. The plan would add 350 new units on top of the existing 308. Attorney Bryce McGuigan presented the plan recently to the Solebury Township Board of Supervisors, which took no action. He said the facility needs more space because the facility has older, garage-style buildings. It would be similar to other sites in Bucks County, including Doylestown, Newtown and Middletown. Source: New Hope Free Press 

U-Haul bought the former Saunoris’ Garden Center property at 19600 S. Harlem Ave. in Frankfort, IL, about 28 miles south of Chicago. Now called U-Haul Moving & Storage of Frankfort Square, it was bought June 3 and is the first U-Haul-owned and -operated site in Frankfort. Plans call for adding a three-story, 94,764-square-foot building, with an eventual mix of 937 indoor climate-controlled, self-storage and drive-up units. A U-Box warehouse will hold up to 1,000 portable moving and storage containers. Source: PR Newswire

Monsey, NY-based 31 Collins LLC wants to team with New York City-based Prime Space Capital to build Garnerville Mini-Storage, a 108,000-square-foot facility on a 2-ace parcel at 3 W. Ramapo Road in Haverstraw, NY. The proposal is the third time developers have talked to the board about this topic. Neither the retail strip nor a child-care facility gained traction on the location, which is surrounded by residential neighborhoods. Prime Space develops self-storage sites in New York, Pennsylvania, Illinois, South Carolina and Wisconsin. Source: Rockland County Business Journal 

Legislative

City Council members in Rockford, IL rejected a request to allow U-Haul to open a self-storage facility inside a former Kmart in exchange for developing the project exterior with new restaurants and retail shops. The deal would have required developers to activate at least two retail or restaurant spaces before putting a self-storage business into the vacant Kmart at 5909 E. State St. Source: Rock River Current

Completed

Region Self Storage completed phase one at its new 13-plus—acre site at 8300 Clay St. and Route 30 in Hobart, IN. Phase one features one 11,200-square-foot commercial building and five self-storage buildings, with a total of 132 units. The complex opened May 20. The finished development will have five commercial buildings and eight self-storage buildings with 230-plus units. Each commercial building has 10,000 square feet of warehouse space plus 1,200 square feet of office space. Source: Laport County Life

Paces Properties opened Silo Self Storage, a 75,075-rentable square-foot property in Woodstock, GA. Paces Properties hired Absolute Storage Management to manage the site, and Absolute also manages the 128,269-square-foot East Cherokee Storage, which is less than one mile from Silo Self Storage. The developer obtained a $6.6 million construction loan in 2022 to build the property. Southern States Bank provided the financing. The facility has 636 climate-controlled units and sits on 3.8 acres at 6225 Holly Springs Parkway. Source: MultiHousing News 

Wentworth Property Co.s self-storage division opened a new facility at 5920 Cherry Glen in Vacaville, CA. It has 97,750 rentable square feet, comprised of climate-controlled and drive-up storage. Public Storage will manage the site. The Lagoon Valley Development, known as the Bay Area’s first conservation community, includes a 71-acre wetlands park and has protected 1,700 acres for public access to park land and open space for hiking and running. Source: Wentworth Self Storage

Under construction

Noble Self Storage broke ground on Batavia Square on a 130,000-square-foot, two-story, climate-controlled self-storage facility and a 44,729-square-foot, high-end electric car dealership.  Noble bought the closed Sam’s Club building at 510 N. Randall Road in Batavia, NY, in March 2024. Linda Kost from Griad 7 Properties represented the seller, 501 N. Randall Road Batavia LLC Inc., and the buyer, Noble Self Storage /Bradley Financial Corp., Atlanta, GA. Source: Daily Herald

Bruce Goldberg

Bruce Goldberg is a freelance writer and editor based in Denver. He worked in newspapers and magazines as both a business writer/editor and sportswriter/editor for 35 years.

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