This post is an archive of self-storage development news from January 2021. For the latest news, check out the latest edition of The Roll Up column here.
Development news from 1/7/2021
Some residents dislike the proposal for a three-story, 152,745-square-foot self-storage facility at 3701 N. Pacific Place in upper West Long Beach, CA. Besides storage units, it also would have RV parking spaces. Site plans also include a 2,153-square-foot car wash. InSite Property Group owns the land.
The Los Angeles River, 405 Freeway and Los Cerritos area surround the land sought for the business. Members of the Riverpark Coalition said a park should go in there instead. There are Homeless encampments on the site. The city’s planning commission approved the storage project Dec. 17, and included zoning changes from light industrial to commercial storage. The Long Beach City Council will vote on that later. Toxic substances have been found underground in the area. It had been a sludge dumping ground for Signal Hill and Long Beach oil companies. A government agency has submitted a remediation plan for the site. The Riverpark Coalition seeks an environmental impact report.
InSite also purchased a self-storage development site in San Diego, CA from Pardee Homes, which CBRE’s Nick Walker and Trevor Roberts represented in the sale. Rancho Penasquitos RV Mini Storage is the newly permitted development site, which has 9.98 acres. Plans call for 1,255 units (pictured above) plus 115 RV and boat parking spaces. The project will have 109,770 rentable square feet. Sources: Long Beach Post, The Grunion, InSite Property Group and CBRE.
U-Haul plans to convert its property at 1119 SW Leary Way in Ballard, WA, into a five-story self-storage facility with 905 units, plus parking stalls and loading bays. The company currently uses the building as a pick-up/drop-off site for its moving trucks and trailers. Source: My Ballard
The Riverside, OH City Council approved a zoning change that will allow a new storage facility to go into the former Morris Furniture building. Council approved rezoning land at 2121 Harshman Road from business to light industrial. Cobblestone Capital is the developer.
Source: Dayton Daily News
JD3 Property obtained a $7 million non-recourse loan from Mag Mile Capital to fund its purchase of an 87,000-square-foot, 997-unit self-storage facility at 1331 N. 55th Court in Cicero, IL. JD3 has rebranded the business as an Extra Storage site. Planned renovations include a commercial parking area. Source: REJournals.com
Bruce Fischman, president of Cornerstone Properties Inc. of Farmington, which owns the Centennial Plaza in Meriden, CT is sticking to his guns on plans to build a self-storage facility in two large commercial spaces that formerly held a Stop & Shop supermarket and the former Railroad Salvage building. City officials and residents prefer a new supermarket instead. “No supermarket wants to go in there,” Fischman said. “I offered lower rent and investments. We’ve been trying to get a supermarket for years. It wasn’t viable.” Source: myrecordjournal.com
Summit Heated Self Storage opened at 5104 104th Street East in the Summit area of Tacoma, WA. It has 105,349 square feet of rentable space and 843 units, both indoor and outdoor. It plans to add U-Haul moving truck rental services. Source: Patch.com
In Alabama, the Birmingham City Council has followed its 2019 rules to restrict the addition of self-storage to the city center to other central commercial districts. Self-storage remains allowed in those areas following such new stipulations as facility exteriors matching the neighborhood aesthetics and half the first-floor space being set as for retail or restaurant use. Source: Inside Self-Storage
The Cherokee County Board of Commissioners unanimously approved changes to the county’s zoning law regarding self-storage facilities locating on property zoned general commercial in the city of Holly Springs, GA. Approval means self-storage is labeled as special use in the general commercial district. Source: Tribune Ledger
It’s no go in Lawrenceville, GA after the city council turned down a request for Lawrenceville Hand Properties LLC to add outdoor storage, RVs and boats to a self-storage business at 420 Grayson Highway. One reason for the rejection was that the property is in the Community Mixed Use Character Area, designed for large opportunities such as mixed-use areas that build on an existing industrial or commercial character. Source: Atlanta Journal-Constitution
In Pennsylvania, the White Township Planning Board passed an amendment to its guiding planning document that allows self-storage businesses on land north of Route 46 near Upper Sarepta Road. Source: LehighValleyLive.com