The Roll Up: Self Storage Development Round Up 9.12.19

Bruce Goldberg
September 12, 2019

Liberty Investment Properties hopes to build Liberty Corner – which would house five retail outlets, a restaurant and drive-thru plus a My Neighborhood Storage Center — at the corner of East Colonial Drive and Magnolia Avenue in downtown Orlando. That’ll be just in time, as the Orlando Economic Partnership’s 2030 report said Orlando will add more than 1,500 people weekly for the next 11 years.

Liberty Investment Properties are pursuing a project to combine retail and storage in Orlando.

Source: Orlando Weekly

Planned

A joint venture involving BCM Management Partners of St. Louis, MO and Premier Storage Investors of Memphis, TN, is developing a self-storage facility at 101 Clarkson Road, Ellisville, MO, aiming to complete it in Q2 2020. It would have two two-story buildings on just over 3.5 acres, 76,000 net rentable square feet and 750 units. It’s part of a mixed-use development that will include a fast-food restaurant, convenience store and car wash.

Elsewhere in Ellisville, Public Storage lost a decision when the city council turned down an amendment of a permit given to Public Storage Inc. Approval would have allowed for a 75,000-square-foot expansion of an existing facility at 16230 Truman Road. Source: City of Ellisville

Planned

In Alabama, the Hoover City Council scheduled a hearing for Sept. 16 for a proposal to build about 90,000 square feet of climate-controlled storage in two buildings along Alabama 150. The facility would have about 700 units. StoreEase Development wants to put those buildings on property just west of Walgreens, near the Deer Valley entrance. Source: Hoover Sun

A former Kmart site is closer to redevelopment after the City Council in Englewood, CO, approved a zoning change on first reading. The site, at 200 W. Belleview Ave., would be renamed The Hive on Broadway. The plan is to redevelop that building into one that offers restaurants, self-storage units and retail. The council’s final vote takes place Sept. 16. Source: Englewood Herald

Developer Lauderdale Holdings LLC is one step closer to getting permission to build a self-storage business at the intersection of McEver Road and Radford Road in Flowery Branch, GA. The city council approved rezoning 13.4 of 16.4 acres from neighborhood shopping to light industrial, with the developer agreeing to put up a traffic light. Source: Gainesville Times

Completed

Miller-Valentine Group and Coastal Storage Group recently completed this Extra Space-managed facility in Knoxville, TN.

Miller-Valentine Group and Coastal Storage Group have built a three-story, 100,300-square-foot, 755-unit storage facility at 2072 Western Ave. in Knoxville, TN. Extra Space Storage will manage the business. Source: Coldwell Banker

WCSS DuPont WA LLC, which is part of West Coast Self Storage Group, opened a mixed-use project in DuPont, WA. It includes a WCSSG storage facility at Center Drive and McNeil Street; WCSSG runs 63 facilities in the Pacific Northwest. The location has 56,450 rentable square feet and 568 climate-controlled units. The project also includes an Ace Hardware store that opened in July. Source: Inside Self-Storage

U-Haul Moving and Storage of Marshalltown, IA, has opened after buying a former Kmart building and parking lot at 1720 S. Center St. It will have 98,184 square feet and more than 700 climate-controlled storage units. U-Haul spent about $1.4 million to buy 7.2 acres for the new business. Source: Times Republican

U-Haul also plans to host a community open house from 11 a.m. to 4 p.m. on Sept. 14 at 1450 S. West Ave. at U-Haul Moving & Storage of Waukesha, WI. The company opened in April 2017, and also did renovations to the former The Vault storage facility, finishing with 576 updated, climate-controlled units. Source: Yahoo! Finance

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