Jess Rodriguez has noticed a change in the self-storage industry.
“The mini-storage business back in the day, when it started out, you’d say, ‘I have this vacant land, and I’ll build this here until the land becomes more valuable,’” said Rodriguez, who is part of a group building a self-storage facility in Loveland, CO.
“Then you’d scrape it off and build something else. Now, they’ve become retail-type outlets.”
Rodriguez and his partners are building Lockaway Self Storage at 1248 Gorom Ave., west of Gold’s Gym and Jax Mercantile in Loveland. It will have three stories with room for 469 units, plus the site will offer 207 drive-up units. Lockaway also will rent trucks, and sell moving boxes and supplies. Hauser Architects of Loveland is the designer. Source: Reporter-Herald
Commissioners and residents visited the T.O. Ranch lot near Catherine’s Store, where BlueMountain Garfield wants to build a 96,000 square-foot mini storage facility.https://t.co/hJmEBDWX3X pic.twitter.com/W089Qr52HX
— Post Independent (@GlenwoodPI) April 4, 2019
To better prepare themselves for a continued public hearing April 15, Garfield County commissioners visited two sites in Carbondale, CO, where two companies hope to build separate self-storage facilities. The two sites are at the T.O. Ranch lot near Catherine’s Store on Highway 82, where BlueMountain Garfield wants to put up a 96,000-square-foot facility; and a few miles away is the proposed home for a 99,000-square-foot, three-story GO Mini Storage facility. Hipa Hipa LLC is backing the second one. Among those opposing the proposed facilities are neighbors, the town of Carbondale and the Down Valley Small Business Alliance. Source: Post Independent
The Jenkins Organization has purchased a land parcel in west Austin, TX, where it plans to build a self-storage facility of 123,000 square feet and 728 units, including both climate- and non-climate-controlled units. It will be called Oak Hill Storage and will open in September. Houston-based Jenkins’ plans for 2019 include 12 new development projects, two new acquisitions and expansions of two facilities.
The Planning & Zoning Commission in East Haven, CT, approved an application to build a 7,500-square-foot self-storage facility at 5 Old Bradley St. The commission would like some alterations, with parking adjustments and landscaping considerations made for drainage and appearance reasons. Source: Zip06.com
PWM Properties, which bought a former bowling alley for $375,000 in December, was approved for a conditional-use permit by the Planning Commission in Sonora, CA. PWM plans to convert the site into a self-storage facility with about 100 units. PWM hopes to begin construction this summer. Sonora Family Bowl was open for 50 years before closing in July 2010. Source: The Union Democrat
Mequity Cos. of Atlanta, GA, which specializes in self-storage development, is expected to take occupancy at 41-47 E. 21st St. in the first quarter of 2020 after purchasing a New York City parking garage in a deal arranged by A Lee & Associates. The price was $32.2 million; Zucker Organization was the seller. Source: Connect New York
U-Haul bought a former U.S. Postal Service distribution hub, which has two buildings on 2.33 acres at 1910 N. 5th St. in Reading, PA. One building has 17,150 square feet, the other 3,298 square feet. Following renovations, the two buildings will offer 375 climate-controlled units. U-Haul Moving & Storage, located two blocks away, will operate the new site. Source: PR Newswire
DealPoint Merrill LLC of Woodland Hills, CA, is about to open two new CubeSmart facilities. It will open one at 641 Richmond Road in Richmond Heights, OH, where it redeveloped a 162,190-square-foot former Macy’s building. On May 22 DealPoint will open a CubeSmart that was redeveloped from a 124,000-square-foot former Giant Eagle store and shopping center at 13820 Lorain Ave. in Cleveland, OH.
Storage Authority opened March 26 at 11966 Walters Road in Houston, TX, making 250 units available in 34,000 square feet in phase one. Phase two will add another 250 units, also in 34,000 square feet, and the owners aim to finish that portion by year-end. Source: Community Impact Newspaper