Want some wine with your whine about how hard it is to move your heavy furniture?
Now open in Miami’s South Beach area: SoBe Wine & Self Storage, a three-story building that not only has 1,000 storage units, but 140 of them are temperature-controlled wine rooms protected behind a biometric lock.
Developers Ken Edelman and Alan Potamkin, who are better known for car dealerships, backed the venture with a $5.1 million bank loan. They said it took them several years to convince city officials to grant the zoning change needed for the facility.
The building is located at 633 Alton Road. Source: Real Deal Magazine
Titan Properties in Winter Park, FL, wants to redevelop a former bowling alley into a four-story self-storage facility with ground-floor retail. A public hearing is scheduled for September. The company has filed a master plan for a Conditional Use permit for the Colonial Bowling Lanes property at 400 N. Primrose Drive. The plan includes dividing the lot into two parcels, and developing the second spot later. Source: The Bungalower
Potomac, MD-based developer Foulger-Pratt is buying a less than 1-acre lot in Washington, DC, for a five-story, 144,067-square-foot self-storage facility. Foulger-Pratt has filed paperwork with the District of Columbia’s planning office for what’s known as a “large tract review.” The property had been the site of Herson Glass Co. The seller was Herson Brothers Property LP. Source: Washington Business Journal
Fresh off a purchase of three self-storage locations in the Texas Rio Grande Valley (in Brownsville, Harlingen and Pharr), U-Haul Inc. will spend $7.4 million to expand those spaces and add amenities.
- In Brownsville, U-Haul will spend $4 million for upgrades to 2400 Boca Chica Blvd., a former Burlington Coat Factory site. The company will be able to offer more than 100,000 square feet of self-storage plus a second floor, and will total about 1,300 units.
- In Harlingen, U-Haul will spend $900,000 to upgrade a former ProBuild lumber yard that it bought almost one year ago. The facility, at 1218 N. Ed Carey Drive, will have 372 storage units. Additions will include a rental showroom, hitch bays, covered loading and unloading areas, and controlled access.
- In Pharr, U-Haul plans $2.5 million in upgrades at 4007 N. Cage Blvd. It will put up a building with about 200 units and add covered boat/RV spaces, a showroom and more.
Source: Valley Morning Star
Extra Space Storage now operates a self-storage site in Monroe, NC, that formerly was a Kmart store. Aston Properties invested $1.7 million in interior and exterior upgrades as it made its first conversion from retail to self-storage, taking nine months. The building, which is 70,000 square feet, is at 2120 W. Roosevelt Blvd., across from the Monroe Crossing Mall. Storage units range from 25 to 300 square feet. A restaurant, gas station and convenience store also are coming to the neighborhood, with transactions expected to close in the fourth quarter. Source: REBusinessOnline.com