In Gary, IN, Midwest Self-Storage Development LLC of Valparaiso seeks to purchase a former Ultra Foods site on Ridge Road, between Colfax and Calhoun streets. A Menards store is there, and Midwest wants Menards to renew its lease when it ends in 2019. Midwest wants to convert the vacant supermarket space of 69,000 square feet into indoor storage units, and is not interested in building outdoor units.
“This really is a good way to repurpose a building like this,” said attorney Todd Leeth, representing Midwest. “It’s difficult to find replacements to fill the space that was once a big box store.”
Source: Chicago Post-Tribune
Planned
In Florida, it appears that the Clearwater City Council will vote to approve a self-storage facility in an area where they’re not allowed. Savelle Clearwater Countryside, the owner of a former Denny’s restaurant on U.S. 19 near the Countryside Boulevard intersection, has asked the City Council for an exception for properties 0.75 to 0.9 acres in size; it would apply only to the Denny’s location and a nearby restaurant. The City Council will vote on Nov. 1. Source: Tampa Bay Times
The project conflicts with development standards that the city has spent 10 years and $853,000 crafting, said the planning and development director. But it’s part of the boom of storage facilities moving into Pinellas County.@TB_Timeshttps://t.co/aKcTq4kokG
— Tracey McManus (@TroMcManus) October 26, 2018
Construction starts soon on Gastonia Self Storage, an $8.83 million, 100,000-square-foot three-story building to go up on a 19-acre lot at the corner of Gaston Day School Road and Hoffman Road in Gastonia, NC. It’s across the street from McDonald’s and the Hoffman Village shopping center that’s anchored by Publix and Hickory Tavern. Griffco Design/Build Inc. of Kennesaw, GA, will build the structure, with construction to finish sometime in 2019. Source: Gaston Gazette
A 70,000-square-foot Public Storage with 580 units will open between mid-November and early December, said Capella Commercial, an Austin, TX, real estate firm that will own the self-storage facility. It is located at the corner of I-35 and W. Goforth Road in Buda, TX. Source: Community Impact Newspaper
Virginia Varsity Self Storage in Roanoke, VA, and its sister company, Virginia Varsity Transfer, plan to add self-storage, office space and residential units to the Graves-Humphries building at 1948 Franklin Road Southwest. Triple S Realty owns the 93,000-square-foot property, but Virginia Varsity has it under contract and will try to close the deal by the beginning of 2019. Virginia Varsity also is growing its first storage property, on Starkey Road in Roanoke County, with an additional 50,000 square feet of self-storage. In addition, its Botetourt County location has nearly finished a 13,000-square-foot expansion, with more planned within five years. Source: The Roanoke Times
Metro Storage LLC bought land at 3963 U.S. Route 1 in South Brunswick, NJ, and plans to build a storage facility with 668 units and 75,000 square feet. It will have one multistory building and three single-story structures. Completion is scheduled for the third quarter of 2019. It will be Metro’s 10th store in New Jersey. Source: PRWeb
Completed
Augusta Storage LLC of Atlanta has opened Forest Hills Storage, a 458-unit, 45,000-square-foot, climate-controlled self-storage facility at 3134 Wrightsboro Road in Augusta, GA. The company bought the 10-acre former Wrightsboro Plaza Shopping Center, which was in poor condition, for $1.675 million in February and finished renovations in the late summer. Source: Augusta Chronicle
The LC Realty Team, part of the Argus Self-Storage Sales Network sold an approximately 3-acre site that will be the location of a 150,000-square-foot, five-story self-storage facility in Kearny, NJ. The buyer is a national self-storage developer in Solana Beach, CA. Argus also teamed with Centennial Advisers to sell 10. S. Kellogg, a self-storage development site near UC Santa Barbara in Goleta, CA. The 2.06-acre site sold for $6.775 million. Source: Argus Self Storage Sales Network
Cranston, RI, is the home of an energy-efficient self-storage building. BCPStor Development LLC finished the project, located at 950 Phenix Ave., in July. It includes insulated metal panels on two buildings plus a rooftop solar-powered system on a three-story building. CubeSmart will manage it. Source: Inside Self-Storage
All Storage plans to open a new facility with more than 1,600 units Nov. 2 at 8550 E. I-20 in Aledo, TX. It’s near Walsh Ranch, a 7,000-acre development that’s expected to add 50,000 residents. It’s about 20 miles from Fort Worth. The company owns two sites in Oklahoma, plus 40 more in Amarillo and Dallas/Fort Worth. Source: Inside Self-Storage
The Hampshire Cos. has opened a three-story, 104,260-square-foot, 767-unit Extra Space Storage facility at 30 Bleeker St. in Millburn, NJ. That’s now 30 such facilities in six years for The Hampshire Cos., which has another 12 self-storage development projects in progress. Source: The Hampshire Cos.
