Prime Group Holdings LLC in Saratoga Springs, NY, hopes to score $460,000-plus in real property, mortgage and sales tax savings as it seeks approval for a $4 million, two-story self-storage facility to be built near the southeast corner of Route 50 and Edie Road in Wilton.
But the Saratoga County Industrial Development Agency, aware that the facility would employ just five people, has concerns. The IDA usually prefers to grant financial breaks to companies that will employ far more people, and is concerned about setting a bad precedent.
“This is a thought-provoker,” IDA Chairman Rod Sutton said. “You open the floodgates if we go ahead with this. Saratoga County being what it is, other storage units are going to spring up all over the place.”
He said at least six other self-storage facility developers have told him they would seek tax breaks if Prime‘s application is approved.
Prime has bought a 3.41-acre parcel for the facility. The Town of Wilton Planning Board has approved the project, but Prime hasn’t found financing yet.
A public hearing about Prime’s proposal is scheduled for April 9.
Another company, Northeast Green Tech LLC, seeks the Town of Wilton’s approval for a three-story, 125,000-square-foot self-storage project, just east of Exit 16 on Ballard Road.
Source: The Saratogian
459 Broadway LLC wants to bring self-storage to 459-467 Broadway, near downtown Buffalo, NY. Under contract is a deal for the company to buy a property at that address from Drescher Paper Box Inc. 459 Broadway seeks to build 200 units and wants a variance to allow for self-storage on the first floor. Source: Buffalo Rising
Right Move Storage LLC, which is based in Houston, TX, is developing a 345-unit facility at 12121 Westheimer Road in west Houston. The building will have 44,000 square feet. The renovation includes converting an unfinished, two-story medical office building for self-storage use. The work will begin in April and the facility is scheduled to open in the summer. Source: RE Business Online
In Massachusetts, the Burlington Planning Board heard more about Jumbo Self Storage LLC’s plans to build a five-story, 119,523-square-foot, five-story self-storage building off Wheeler Road and Blanchard Road. This came after months of continuances without testimony. Flooding is one concern, as the proposed site is within a 100-year flood plain. The Planning Board will revisit the proposal on April 5. Source: Daily Times Chronicle
The Overland Park (KS) City Council gave qualified approval to a redevelopment project for self-storage, retail and a small hotel for 7240 Shawnee Mission Parkway, site of the crime-ridden Ramada Inn and Knight’s Inn, both of which would be demolished. The council approved rezoning and a special-use permit for Metcalf Crossing, a $39 million project. The council also voted to create a tax increment financing district to help the developer, Sky Real Estate, pay some expenses. Source: The Shawnee Mission Post
SurePoint Self Storage is developing a self-storage facility of 67,000 rentable square feet and 673 units in Missouri City, TX. It’s SurePoint’s fifth Houston-area development, and will be located at the intersection of Sienna Parkway and Bees Creek Road, 1.5 miles south of Highway 6. Construction will begin this summer. Robert Loeb, Jeff Bailey and Brian Cisarik lead the San Antonio-based SurePoint.
The Sun Prairie Police Commission in Wisconsin voted 5-4 against a self-storage facility sought for the city’s west side – but the project isn’t dead yet. The City Council still planned to hear the proposal at its March 20 meeting. Slinde Realty Co. wants to build a 101,600-square-foot multistory facility on a 4.8-acre parcel at 2750 Ironwood Drive, at the southwest corner of Windsor Street and Oxford Place. Source: Sun Prairie Star
The Hampshire Cos. opened its 38th Extra Space Storage facility, this one at 6640 Industrial Highway in Carteret, NJ. It has 81,745 square feet, four stories and 784 units. It’s the company’s seventh project finished in Carteret in five years. A grand opening was recently held with the mayor, designer SNS Architects, builder Hollister Construction Services, and Extra Space executives in attendance. (Pictured at top)
On March 10, Safeguard Self-Storage opened a facility at Miami Shores in Southeast Florida. It has 948 units in 74,875 square feet and is six miles north of the company’s Design District facility in Miami. The company has a total of 73 self-storage facilities nationwide, as well as five other sites under development in Florida and 13 more in New York, New Jersey, Pennsylvania, Illinois and Louisiana. Source: Chicago Evening Post
Pinnacle Commercial Development of Point Pleasant, NJ, recently completed a 125,000 square foot storage facility in Orlando, FL. The CubeSmart was developed by Johnson Development & Associates and Macmillan/Pazdan/Smith were the architects.
In Illinois, the Maple Park Village Board decided against allowing a Minify Self-Storage facility to be built. Board members voted against granting a special-use permit that would have allowed the facility, at 18663 County Line Road, to operate. Minify hoped to put up 186 units on the former Spino’s Garden Center site. Source: Kane County Chronicle