Orlando-based Liberty Investment Properties has partnered with Osprey Capital to develop a new 92,000-square-foot self-storage facility in downtown St. Petersburg, FL. The group recently broke ground on the 600-unit facility, located on 2nd Avenue North.
“Because of Liberty’s prior experience in Pinellas and Hillsborough counties, we are excited to re-enter the downtown market,” said Adam Mikkelson, president of Liberty.
Morningstar Properties is developing 200,000-square-feet of storage on two parcels at 900 and 929 College Street in Charlotte, NC. The first 100,000 square feet is under construction, and expected to deliver in May 2017, according to Matt Shapiro, chief investment officer at Morningstar.
— Matt Shapiro (@Matt_Shapiro) January 26, 2017
Philadelphia, PA-based Nolen Development Group purchased the vacant Superfresh grocery store at 2105 Philadelphia Pike in Claymont, DE. The developer will convert the building into a 100,000-square-foot self-storage facility, with an expected opening in June 2017.
Hertz Construction is developing a 112,000-square-foot self-storage facility in Darien, CT. The facility will be located adjacent to the Interstate 95 rest stop across the street from the Norton Heights railroad station. Company principal John Hertz purchased the property in August for $3.8 million, according to Darien News. Construction on the 700 to 900 unit self-storage facility started in December, with an opening expected in the spring of 2018.
Construction of a 104,000-square-foot self-storage facility is set to start in the second quarter in Vinings, GA. The facility is a joint venture between Jernigan Capital and Mequity LLC. The facility will offer 1,118 units and is schedule to open during the second quarter of 2018. The project will include conversion of an existing structure, in addition to ground up construction, according to the Altanta Business Journal. The site is located near the I-285 loop.
A developer has obtained approval to build a 94,500-square-foot self-storage facility in Flower Mound, TX. Construction management firm Texas Land Planning & Management Services will complete the 620 unit facility over the next 18 months. The facility is located on Enterprise, Drive in the Southpoint Addition. The developer has owned and operated facilities in North Texas for 20 years, according to the Cross Timbers Gazette
Mike Herro of Herro Brothers LLC obtained approval to build a 45,740-square-foot self-storage facility at 1201 Commerce Street in Oconomowoc, WI, according to Lake Country Now. Mike Herro is brother to city alderman Ken Herro.
Developers are seeking permission to develop a Dollar Self Storage facility on a 4.5 acre parcel at Pinnacle Peak Road and Lake Pleasant Parkway in Peoria, AZ. The proposed facility is 901 storage units, according to Your West Valley.
U-Haul is seeking approval to build a multi-story self-storage facility at 5047 Union Street in Union City, GA, the Atlanta Journal-Constitution reported.