Birmingham, AL-based Merchant Retail Partners have wrapped construction on its newest facility, a 90,000-square-foot mixed-use project at 312 North Gay Street in Auburn, AL.

The facility, operating under the name Stor-Eagle, is located next to the Auburn University Campus. The facility includes a retail component featuring a Pilates studio, Neighborhood Barre and a restaurant coming soon.

“Stor-Eagle represents another sizable investment in the Auburn market for our firm. The downtown area is being completely transformed with Class-A, hi-rise apartments and eclectic bars and boutiques,” said Bill Leitner, managing principal of Stor-Eagle.

Merchant Retail Partners recently completed construction of Stor-Eagle near the Auburn University campus.
Merchant Retail Partners recently completed construction of Stor-Eagle near the Auburn University campus.

Planned

Leon Capital Group was given the go ahead by a county official to develop a 121,000 self-storage facility at 3260 SE Oak Grove Boulevard in Oak Grove, OR. The facility will offer 900 self-storage units when completed. Source: Portland Tribune

Dennis’ 7 Dees Garden Center at 6025 SE Powell Boulevard in Portland will be demolish to make way for a 900-unit self-storage facility. Austin, Texas-based Leon Capital Group is also developing this $7.4 million storage facility. Source: OPB.org

Brookwood-Riverside LLC purchased a former coffee roasting facility near the Louisiana State Capitol in August and plans are underway to convert the property into a self-storage facility to be managed by CubeSmart. The 80-year-old structure was previously home to Community Coffee Co., and sits on 2.3 acres. Attorney Craig Smith is CEO of Brookwood Properties, which operates several facilities under The Storage Center and CubeSmart names. The facility will be first climate-controlled operation in the area. Source: Minuteman Press

SSP Blue Ridge LLC has requested a special land use permit to build a climate-controlled storage facility on Terrell Mill Road west of Powers Ferry Road in Marietta, GA. Source: Marietta Daily Journal

Jernigan Capital announced it will invest $10 million into the development of  a 74,172 square foot facility on Bardstown Road in Louisville, KY. The project is a partnership with Storage Development Partners. Construction will start this month with an expected completion date during the fourth quarter of 2018.

Under construction

Developer Ira Biggs is building Statler Boulevard Self Storage in Staunton, VA near the Kroger grocery store on Statler Boulevard. The 500 unit facility is expected to open in early 2018. Source: News Leader

A new facility managed by CubeSmart is coming to the Cincinnati area.
A new facility managed by CubeSmart is coming to the Cincinnati area.

Hickory Capital Group is building an 82,000-square-foot self-storage facility at 4725 Madison Road in Cincinnati, OH. CubeSmart will manage the facility. Source: Cincinnati Business Journal

Rick and Julie Strong are building Sugarloaf Storage on Route 116 in Sunderland, MA. The facility sits on 4.5 acres and will offer 175 storage units. Strong also owns the nearby 190-unit Sunderland Self Storage. Completion is expected in mid-November. Source: Recorder

Ideal Self Storage is building its fifth self-storage facility on Lori Lane in Hummels Wharf, PA. Land is being cleared to make way for the 377 unit storage complex. Source: The Daily Item

Completed

The Rosenblum Companies
The Rosenblum Companies opened a new storage facility in Albany last month.

The Rosenblum Companies recently opened ValueSpace at 40 North Russell Road in Albany, NY. The 88,000-square-foot facility cost about $7 million to construct and offers 630 units. The company is planning a second facility at 850 Hoosick Road in Brunswick, NY. Source: Rosenblum Companies

Plantation Storage, a storage facility at 2100 Carolina Forest Boulevard in Myrtle Beach, SC, has completed a 35,000-square-foot addition to their facility, bringing the total size to 68,000 square feet. Foundations have been laid for two additional buildings that will add another 33,000 square feet. Source: My Horry News

 

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Alexander Harris