The Roll Up: Weekly Self-Storage Development Round Up 5.15.19

Bruce Goldberg
May 15, 2019

Storage Deluxe plans to build a nearly 220,000-square-foot self-storage building after buying a one-story warehouse at 74 Bogart St. in East Williamsburg, Brooklyn, NY. The company bought the warehouse for $45.5 million and plans to demolish it, then build a seven-story facility with about 4,000 units. Storage Deluxe said it will spend $50 million-plus on the build. CubeSmart will manage the site, scheduled to be ready by fall 2021.

Also, Storage Deluxe just finished building a nearly 250,000-square-foot site at 2880 Exterior St. in the Marble Hill section of the Bronx in New York City. CubeSmart is operating that facility.

Source: Crain’s New York Business

Planned

The city of Ocoee, FL, approved a final site plan for a three-story, 102,600-square foot facility at the Fountains West development. Summit Self Storage will go up on 11.73 acres on Lot S of the development. As part of the project, the city also approved changing the land-use designation of a 5.35-acre parcel on the west side of Lot S from low-density residential and light industrial to commercial. Source: West Orange Times & Observer

Hines, the international real estate firm, plans to build two self-storage units in the Valley in Arizona: an 83,110-square-foot facility with 640 units near Priest Drive and Warner Road in Tempe and a 96,000-square-foot site with 673 units in Litchfield Park, near Camelback and Dysart roads. Construction begins in June and is expected to finish by year-end. CubeSmart will manage both sites. Hines’ inaugural self-storage site in Arizona opened in February near Val Vista Drive and Queen Creek Road in Gilbert. Source: KTAR News

A rendering of one of the two facilities being developed by Hines in Arizona.

A 12-building, 150,000-square-foot self-storage facility with space for RVs and boats, an RV park and business flex space have been proposed by Scott Lepman Co. — doing business as Glorietta Bay LLC – for Philomath, OR. A public hearing to consider the proposal, scheduled for May 20, was postponed because of traffic study issues. Source: The Philomath Express

In Michigan, the Union Township Board of Trustees granted a special-use permit to expand the McGuirk Mini Storage Inc. on S. Lincoln Road  – as long as the Union Township Planning Commission approved the site plan, which it did on April 16. Source: Morning Sun

In Arizona, the Surprise Planning and Zoning Commission approved plans to transform a 55,000-plus-square-foot Safeway building that’s been vacant since 2017 into a two-story self-storage facility. It’s located in the Grand Village Plaza Commercial Center on Grand Avenue. The City Council next will consider the matter. Source: YourValley.net

In California, the Tulare County Board of Supervisors approved several actions that will enable the building of a new Derrel’s Mini Storage south of avenue 264, just north of the city limits. The site will be Derrel’s 60th location in the Central Valley and Central Coast, with 58 operating from Bakersfield to Sacramento and in the San Luis Obispo area, plus another is about to open. Source: The Foothills Sun-Gazette

Completed

StorQuest Self Storage opened a new facility at 7200 E. 36th Ave., minutes from the Rocky Mountain Arsenal, in Denver, CO. It has 600 climate-controlled units and 56,700 net rentable square feet. The William Warren Group Inc. is the owner.

StorQuest has opened its latest location in Denver, CO.

DEStorage.com has completed expansion at two Delaware locations: It added 67 units for a total of 553 at 19659 Blue Bird Lane in Rehoboth, and added 104 for a total of 416 at 28862 Dupont Blvd. in Millsboro. In Rehoboth, the new buildings are solar-powered, offer climate-controlled units and enable drive-up capability. Source: Cape Gazette

Boardwalk Development Group opened a multistory, 100,000-square-foot, climate-controlled self-storage facility at 185 Woodstock Parkway in Woodstock, GA. Woodstock planning commissioners and city council members twice rejected the project, but approved it on the third vote. The grand opening will be held Friday, May 17. CubeSmart is managing the facility. Source: Cherokee Tribune & Ledger-News

Boardwalk Development Group has finished development of a new CubeSmart managed facility in Georgia.

Canyon Self-Storage will hold a grand-opening event at noon Thursday, May 16, for its new facility at 3663 U.S. Highway 6 in Spanish Fork, UT. It has 546 units, and also can store most RVs and boats. Source: Daily Herald 

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