Columbia, SC-based Taylor/Theus Holdings has received the necessary approvals to build an 81,000-square-foot self-storage facility at 1440 South Dixie Highway in Hollywood, FL. The company expects to complete construction by the end of summer 2017; Extra Space Storage will manage the completed facility.
The 650-unit facility will be Taylor/Theus’ first project in South Florida. The firm has three additional sites in the market under contract and in the entitlement phase, according to Tyler Colpini, project manager at Taylor/Theus.
The company is also in the permitting stages for a 135,000-square-foot self-storage facility with more than 1,000 units at Ardrey Kell Road and Community House Road in Charlotte, NC. (pictured at top) Completion is expected by summer of 2017.
Colpini provided an update on various other properties in the company’s pipeline as follows:
- Completion of a 60,000 square foot expansion at 3308 South Boulevard in Charlotte, NC is expected in the next 45 days.
- Completion of a new 108,000-square-foot facility at University City Boulevard and North Tryon Street in Charlotte is expected in the next 45 days.
- Completion of a new 100,000-square-foot facility at WT Harris Boulevard and Old Statesville Road in Charlotte is expected in the next 45 days.
- Completion of a new 116,325-square-foot facility at 6933 Rivers Ave. in Charleston, SC is expected in the next 45 days.
- A 101,815-square-foot facility at 1014 North Graham St. in Charlotte is under construction; completion is expected by early summer of 2017.
- A 95,000-square-foot facility at 2307 Hydraulic Road in Charlottesville, VA is under construction; completion is expected by early summer of 2017.
- Additional sites are under contract in Atlanta, Tampa, Orlando and South Florida.
Costa Mesa, CA-based North American Self Storage Group has acquired a former food distribution facility at 340 Taylor Street in Springfield, MA it will convert into a 91,391-square-foot storage facility. Construction is scheduled to start in January 2017 with a projected opening in September 2017. The facility will be managed by CubeSmart.
MCSS Development, also known as Miami City Self Storage, has purchased its eleventh South Florida development site located at 18460 Pines Blvd in Pembroke Pines. The 100,000-square-foot facility will provide more than 1,000 climate-controlled storage units. The facility will be managed by a national REIT.
Brandon Grebe of Grow Your Storage proposed a development combining new apartments and a self-storage facility at 6020 S. College Avenue in Fort Collins, CO. The exact size of both components are still being determined as the proposal makes it way through preliminary review with the the city planning department, the Coloradoan reports.
Willis Hiker, owner of I-Deal Self Storage has proposed a 10,500-square-foot self-storage facility at Freeville Road and Enterprise Drive in Dryden, NY. Ithaca.com reports that Hiker is seeking a special use permit to proceed with the project.
Baranof Holdings plans to demolish a four-building mid-century office complex at 622-628 Capital Boulevard in Raleigh, NC to make way for a 89,790-square-foot self-storage facility. The Raleigh Public Record reports that Baranof purchased the site in September for $3.4 million and that the four existing buildings are permitted for demolition. Baranof is also developing a 70,000-square-foot facility at 7901 Glenwood Avenue in Raleigh.
Los Angeles-based JMS Ventures, operator of All Storage, has broken ground recently on three sites in the Dallas-Ft. Worth Metroplex: Mapleshade Lane and 190 in Plano, Marine Creek and Longhorn in Fort Worth, and Custer and University in McKinney. Combined the three projects total more than 550,000 square feet. JMS is also nearing completion on a 22,000-square-foot expansion to the facility at 8850 Trinity Boulevard in Hurst, TX and a 156,000-square-foot expansion at 6900 Granbury Road in Fort Worth. All Storage also just opened in August a 1,000-unit facility at 3000 S. Watson Road in Arlington, TX.
A company owned and operated by a group of 19 pueblos in New Mexico are getting into the self-storage business. Indian Pueblos Marketing has broken ground on a 36,450-square-foot storage facility with 497 units at 1901 8th Street NW in Albuquerque. A second phase is planned that will add another 230 units, according to Albuquerque Business First. Extra Space Storage is set to manage the facility.
Mike Erdman Motors is developing a 419-unit self-storage facility in Brevard County, FL near the intersection of Viera Boulevard and U.S. Highway 1. The general contractor is M.H. Williams Construction Group, according to the Orlando Business Journal.
Universal Development plans to convert a vacant hotel into a 450 unit self-storage facility. The hotel is attached to the Metroplex Expo Center at 1620 Motor Inn Drive in Liberty, OH, which has been vacant since 2014. Universal acquired the hotel and convention center in 2015. The refurbished convention center opened recently, and the storage facility component is scheduled to open in 2017, according to Vindy.com.
A recently completed conversion project in Milwaukee, WI has opened under the management of Life Storage. The more than 90-year-old building at 420 W. St. Paul Avenue underwent extensive renovations to become a self-storage facility with more than 1,000 climate-controlled units. The 114,000-square-foot building is Life Storage’s second Milwaukee-area facility. The building was most recently used by Iron Mountain for document storage. In July 2015, Whitefish Bay-based St Paul Storage LLC purchased the property for $3 million, obtaining $6.8 million in financing from Jernigan Capital, property records show.
Safeguard Self Storage recently completed and opened three new stores: two in Chicago and one near New York City. The company opened a 68,125-square-foot facility with 880 units at 2757 North Clybourn Avenue in Chicago and a 58,925-square-foot facility with 769 units at 1909 West 95th Street. In New York, the company completed a 59,725-square-foot facility at 6000 Sunrise Highway in Massapequa. The new developments bring Safeguard’s total portfolio to 70 locations, with more on the way.
“The company has three additional properties in New York, two more in Chicago, and five in Florida that are in various stages of development” said Jim Goonan, senior vice president of development for Safeguard.
Osborne Capital Group recently opened Ace Storage at 4850 E. 355th Street in Willoughby, OH. The facility was converted from a 40,000-square-foot building that served as headquarters for a contracting business, according to The News-Herald. The facility has 184 units and was completed in early September.