The city of Golden, CO, has been perplexed for more than 20 years about what to do with a piece of land called the Golden Overlook.

The latest plan proposes to build self-storage and light industrial/commercial space on Area B of the land, which is between a residential neighborhood and the C-470 and Interstate 70 exit. It has 22.4 acres, and building is allowed only on about half of it. It’s zoned as residential, but the proposal seeks a rezoning to lower-impact commercial.

“Developers have tried to develop this land for more than 20 years, but every one of them has failed,” said resident Marie Williams, who is a board member for Open Space Golden Ltd.

The rezoning request will go before the Golden Planning Commission, which will make a recommendation to the Golden City Council.

Source: Golden Transcript 

Planned

U-Haul said it plans to repurpose a closing Kmart store on Irwin Avenue in Cinco Bayou, FL. U-Haul will close on the property Jan. 4 and will convert the building into a moving and self-storage facility. Sears Holding Co. said the Kmart store will close in late March. The project is in addition to the previously announced 13 locations U-Haul snapped up from the struggling retailer last month. Source: nwfdailynews.com

A developer hopes to build storage, office and retail space in Middletown, MD. Lancaster Craftsmen Builders will go before the town’s Planning Commission and Board of Zoning Appeals in January. The company would like to build a three-story office building with about 39,000 square feet of space and a 25,000-square-foot self-storage facility, and put up restaurants or stores on two adjacent sites of 4,600 square feet each. The storage facility would go behind the Safeway Store in the Town Center Plaza Shopping Center. Source: The Frederick News-Post 

Developers want to turn the former Target store on First Street in Springfield, OH into a self-storage facility.

A vacant Target store at 1885 W. First St. in Springfield, OH, may become an indoor self-storage facility. An Indiana-based company called 1885 W. First St. LLC, which bought the property for about $1.5 million in September, will submit a rezoning request Jan. 2 to Springfield city commissioners, asking to change the current zoning of highways commercial district into a community commercial district. That would allow indoor storage as a conditional lease. The Target store closed in 2016; the entire property includes about 105,000 square feet on 11-plus acres. Source: Springfield News-Sun 

A rendering of the proposed self-storage project coming to West Covina, CA.

U-Stor-It plans to build a self-storage facility at 1388 E. Garvey Avenue South in West Covina, CA, after purchasing a lot for $1.7 million from DFI LLC. Plans call for a three-story building with 59,750 square feet and 552 units, and it’s expected to open in the first quarter of 2020. Stephen Grossman, president of Self-Storage Investment Services in Laguna Beach, CA, brokered the deal. The site is about 20 miles east of downtown Los Angeles. Source: Self-Storage Investment Services

Completed

Sumo Storage’s unit count rose to 750 with the recent completion of a 350-foot-long building on the property at 3940 US 60 in Owensboro, KY. It has 80,000 square feet of storage space. Owner Tom Hayden said when Sumo Storage reaches an 85 percent rental rate, he plans to add on another section.

Overall, Hayden has 1,600 units in Daviess County and about 4,000 total in Owensboro, Bowling Green, Evansville (this one has 100,000 square feet on 14 acres), plus Indiana cities. Source: Messenger-Inquirer

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Bruce Goldberg