The Roll Up: Self Storage Development Round Up 6.12.19

Bruce Goldberg
June 12, 2019

A mixed-use project with apartments and self-storage – the latter with a four-story building with 100,000 square feet – could be coming to Willard Road in Norwalk, CT, as Frontier Communications wishes to move its vehicle dispatch center off of Willard Road to the former FedEx site on Meadow Avenue. Amendments to the city’s zoning regulations would be needed to move the mixed-use project forward.

EDG Properties is buying Frontier’s former site off of Willard Street, and attorney Adam Blank said they’re seeking to update regulations to allow for self-storage facilities in the city’s Business 2 zone on sites larger than 7 acres and near one of the city’s main roads, such as Connecticut and Westport Avenue. Source: The Hour

Planned

The prospective new owners of the plaza off Clay Pond Road, once home to a Grand Union grocery store, plan to build a self-storage facility at the Bourne, MA site. Clay Pond Acquisitions LLC has a purchase-and-sale agreement for the site, currently owned by the Claybourne Trust and run by Winslow Property Management in Lexington, MA. Source: The Bourne Enterprise

A map of a multi-phase self-storage development proposed in Green Oak Township, MI.

Green Oak Township, MI officials and Kril Properties project leaders are discussing building a multi-use and storage development to be built in three phases. It would go up on a nearly 13-acre site. Phase One would have 11,463 square feet that could include office, shop or warehouse space. Phase Two would have four 3,000-square-foot buildings for self-storage plus outdoor RV storage. Phase Three would have a 5,000-square-foot building surrounded by a drive and parking spaces. Source: WHMI FM

Quincy, IL, may become home to two new self-storage facilities after the city council approved a special permit. They would be located at 6411 Broadway and 2500 N. 24th St. An ordinance will be written, then have three readings for the council’s final approval. Source: KHQA

Under construction

Jumbo Self Storage is developing a 120,000-square-foot facility in Stoneham, MA.

Jumbo Self Storage LLC is building a three-story, 120,000-square-foot facility with 1,000 temperature-controlled units at 54 Montvale Ave in Stoneham, MA at the former Montvale Plaza, located off of Route 93. The facility will be called Stoneham Self-Storage. Integrated Builders is the construction manager. Source: nerej.com

Summit Self Storage, based in Augusta, GA, is building a new facility at 4042 Highway 17 in Mount Pleasant, SC, close to Awendaw. In 2017, the company paid $1.39 million for the 7.4 acres that will be home to the new facility. Source: The Post and Courier

Completed

Envy Self-Storage and RV by Aspire Development LLC has opened in Gilbert, AZ with more than 600 storage units.

Owner Aspire Development LLC has opened Envy Self-Storage and RV at 18612 S. Lindsay Road in Gilbert, AZ. The two-story building has more than 70,000 square feet for 600 units. In addition, there is 76,000 square feet of covered and open RV and boat storage, with 160 spaces.

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