A new CubeSmart facility opened June 13 at 7710 Alexander Town Blvd. in the Brier Creek area of Raleigh, NC. Phillips Development & Realty of Tampa, FL, backed the project. The 756-unit location has four stories and 65,110 square feet. It’s the fifth self-storage project in which both PDR and Jernigan Capital have co-invested.
Phillips Development will also start construction of a three-story CubeSmart self-storage facility in Harahan, LA, a suburb of New Orleans, in the fourth quarter. Completion is scheduled for Q2 2019. The address is 2401 Hickory Ave., and it will have 750 units and 100,000 square feet. Tampa-based PDR also announced in June that it would build a five-story self-storage building in Kansas City, KS, with construction to begin now. Completion is scheduled for Q2 2019.
Planned
A five-building self-storage complex is coming to the intersection of Lynncliff Drive and Dawsonville Highway in Gainesville, GA. It will have a total of 128,600 square feet plus a 2,400-square-foot office. Source: The Gainesville Times
A joint venture has proposed to build an eight-story, 314,370-square-foot building that would include self-storage at 111 N. Meridian Ave. in the Channel district of Tampa, FL. The developers are Framework Group of Tampa and MTC Corp. of Atlanta, and they would include apartments and retail in the building. City development guidelines say 40 percent of the building would be the maximum allowed for the self-storage portion. Source: Tampa Bay Business Journal
In Georgia, the Henry County Board of Commissioners approved rezoning, from C-2 general commercial to C-3 highway commercial, of about 2.5 acres of property at the southeast corner of Highway 155 and Bill Gardner Parkway in Locust Grove. A developer plans to build a self-storage facility there. Source: My AJC
U-Haul purchased the former Chadwick’s Surfaces International warehouse at 14045 W. Rockland Road in Libertyville, IL. It has 48,280 square feet and will become home to 300-plus units. The company also bought the abutting 12,067-square-foot building, the former Aurora Casket Co., at 14121 W. Rockland Road. The latter will have 100-plus U-Box portable moving and storage containers. Source: Markets Insider
In Pennsylvania, the New Castle City Council approved Robert Taft’s conditional use request to run a self-storage operation at 115 N. Jefferson St., the former Jefferson Court Motel. Source: New Castle News
Developer Keller Inc. proposes to redevelop the former Pick ’n Save building, which has 66,893 square feet, into a self-storage facility, plus to build two commercial out-lot buildings on the site. The former grocery store, at West National Avenue and Sunnyslope Road in New Berlin, WI, has been closed since June 2017. Source: Greater Milwaukee Today
DealPoint Merrill, a California company, is renovating the former 162,000-square-foot Macy’s building into a CubeSmart self-storage facility at Richmond Town Square in Richmond Heights, OH. The company now hopes to be allowed to demolish a former Sears building at Richmond Town Square and replace it with apartments, a hotel, a park and more. Source: Cleveland.com
Under construction
Carefree Crossings is the name of a self-storage facility being built at the corner of 7th Street and the Carefree Highway in Desert Hills, CA. The Board of Supervisors rezoned 8.9 acres from residential to commercial in November 2016, which allowed for self-storage. According to official documents from then, the land owners plan to have one story for units, and a second one for an office and living quarters. Carefree Crossings is expected to have 467 indoor units and 82 outdoor ones. Focus: The Foothills Focus
Everett, WA-based West Coast Self Storage is building a new facility at 4806 S.E. 6th Ave. in southeast Portland, OR – its fourth facility in that city. Lorentz Bruun Construction is the builder. The four-story building will have 704 units in 88,402 square feet. Source: DJC Oregon
Valley Storage Co. bought Sure Safe, at 1697 NC-16 in Denver, NC, for its first location in that state. It will rename the Sure Safe location, which has 460 units and 80,000 square feet, as Valley Storage. The company already runs 22 self-storage facilities in Maryland, Ohio, North Carolina, Pennsylvania, Virginia and West Virginia. Storage Asset Management will run the site. Source: Inside Self-Storage
