Developer Robert High of Robert High Development will present his plan Dec. 5 to the Boone Board of Adjustment to build Save Green Self Storage in Boone, NC. The $7.5 million project would be a four-story, 990-unit structure with 134,852 square feet at the corner of East King Street and New Market Boulevard, at the former site of Modern Toyota.

A rendering of a proposed self-storage complex in Boone, NC.

Source: Watauga Democrat

Planned

U-Haul is renovating a vacant manufacturing building to become U-Haul Moving & Storage of Leestown Road at 2425 Merchant St. in Lexington, KY. It’s the former home of the Delta T Corp, a maker of ceiling fans, and has been empty for five years. U-Haul plans to build hundreds of units into the 99,591-square-foot building and aims to open in spring 2020. The building is about four miles from the University of Kentucky. Source: PR Newswire

A proposed facility could soon rise in Kenosha, WI, if CIG Development gets its way.

In Wisconsin, CIG Kenosha Self Storage, a 122,295-square-foot, climate-controlled facility, has been proposed for the one remaining lot at the Kenosha Pointe shopping center. The 5-acre parcel is at the southeast corner of 35th Street and 57th Avenue, near the intersection of Washington Road and Green Bay Road. CIG Development, owned by Nickolas Zaderej of Chicago, is seeking approval for the project. City staff rejected the project for a conditional-use permit; the city’s Plan Commission will consider it next.  Source: Kenosha News

Tim Manson and Byron Smith plan to build their first XSpace self-storage facility – a four-story, 90,000-square-foot, 106-unit structure – at 4229 N FM 620 in Austin, TX. The Australian entrepreneurs plan to build customizable condominium units, with amenities such as a 3,000-square-foot owner’s lounge. The $20 million project is scheduled to break ground by year-end. Source: Inside Self-Storage

Cushman & Wakefield finished the sale of a ready-to-build self-storage facility in Riverside, CA. The 3-acre site is approved to have about 77,000 square feet, and is located on Palm Avenue. Fortera Real Estate, based in San Diego, CA, is the buyer. Greg Wells, managing director with C&W’s Self Storage Practice group, handled the deal for the seller, David Peery of Kingsfield Development in Riverside. Source: InlandEmpire.us

RJ Kelly Co, Inc plans to bring a 122,000 square foot Stor-U-Self facility to Plymouth, MA.

R.J. Kelly Co. Inc. seeks to convert the Plymouth Sports Complex into a self-storage facility in Plymouth, MA. The complex is located near Natalie Way in an industrial area off Long Pond road near exit 5. The Planning Board voted 4-0 to approve the contract, with conditions. The plans call for 122,356 square feet of self-storage plus 5,965 square feet for offices. R.J. Kelly owns eight Stor-U-Self sites in Massachusetts, Connecticut and New Hampshire. Source: WickedPlymouth.com

Criterion Group plans a three-story, 110,000-square-foot self-storage facility for 2924 Eighth Avenue, between West 154th and 155th Streets, in New York City. Owner Shibber Kahn also owns the three parcels where the facility will be built. In addition, Criterion Group recently obtained a $28 million loan to refinance the development of a self-storage facility of nine stories at 31-08 Northern Blvd., off of Freeway 25A, Long Island City, NY.  Columbia Pacific Advisors Bridge Lending provided the loan to the borrower. The project is expected to be completed by 2021. There are more than 1 million people within a five-mile radius. Sources: Commercial Property Executive | TheRealDeal

Completed

Peckville Self Storage recently opened two new buildings, which have a total of 160 storage units in the Scranton, PA area. The company started with Olyphant Self Storage in 2006. It outgrew that property, so it expanded to Peckville in 2017. Source: The Valley Advantage

Extra Space Storage was named to manage a new three-story self-storage project that Titan Properties developed on Primrose Drive in Orlando, FL. Source: Inside Self-Storage

Cancelled

There will be no self-storage facility allowed if/when the Rock Hill City Council and the NFL’s Carolina Panthers reach a deal to move the team headquarters to that South Carolina municipality. The original plan allows 70,000 square feet of self-storage in a vertical building. But, “There’s not going to be self-strategy on this site,” said Mark Hart, Panthers COO. Source: The Herald

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Bruce Goldberg

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