Public Storage recently reopened its facility adjacent to offices of Apple Inc in Cupertino, CA after completing an expansion and major high-tech upgrades.
The facility at 20565 Valley Green Drive, now has two five-level buildings and grew from 51,000 square feet to 195,000 square feet. The number of units has jumped from 585 to 2,593. The facility offers contactless app-enabled digital property access and account management. The remodeled facility is now able to achieve LEED Silver status with the addition of sustainable features such as solar panels and LED lighting.
Source: Public Storage
Planned
Two new self-storage businesses are coming to Ventura Boulevard in the San Fernando Valley in California. Banner Real Estate Group, based in Greater Chicago, IL plans to build a three-story, 158,000-square-foot climate-controlled facility on a vacant parking lot. The proposal comes more than two years after property owner Kamyar Marouni had filed plans for a four-story, 149-key hotel on the site. Banner Real Estate Group is a multifamily developer that has built over 2 million square feet of self-storage facilities. The building is scheduled to go up about a mile east of another planned self-storage facility. Johnson Development Associates, a South Carolina company, is the developer for a 104,000-square-foot space at 21101 W. Ventura Blvd. in Woodland Hills, on a 2.5-acre property that currently houses a Courtyard by Marriott hotel. Johnson Development Associates wants to subdivide the property so it can build a six-story storage warehouse with 7,000 square feet of office space. Source: The Real Deal
The Deer Valley Planning Commission recommended approval of a self-storage business at the southwest corner of 35th Avenue and Paradise Lane – between Greenway and Bell roads in Phoenix, AZ – but a City Council member convinced all her colleagues to vote “no.” Councilwoman Ann O’Brien’s district includes the 1.5-acre site. She said, “This is a neighborhood I grew up in and at a time, where we are in a housing crisis, I expect that we could have opportunities for some housing here.” Source: KJZZ
Opposition to two proposed businesses in Fayetteville, AK, stopped a conditional-use permit for the Mally Wagnon Self Storage facility in the 2100 block of Mally Wagnon Road; the permit failed to get a second. The applicant is allowed to refile the project with the Washington County Planning Department or appeal the permit decision. The self-storage business is proposed for a 6.5-acre parcel in the 2100 block of Mally Wagnon Road. It would have 14 buildings of different sizes, built in phases. Source: Arkansas Democrat Gazette
In Ohio, the Lorain Planning Commission approved a conditional use plan for self-storage on Dec. 7. Business Chris Russo of Vermillion owns the property proposed for self-storage at 1657 Broadway Ave. It’s the former home of the Morning Journal newspaper. The property last changed hands on March 1 when Vermillion Shores became the grantee from grantor RCK Investments LLC. Source: The Morning Journal
In Texas, the Navasota Planning and Zoning Commission approved the preliminary site plan for a self-storage facility on the city’s west side. TRB Squared LLC submitted the plan for 3 acres at 906 Fairway Dive. It will be unmanned, but rentals will be negotiated online, with storage unit locks available through a kiosk. The first phase will have 216 units in six buildings. Source: The Navasota Examiner
Under construction
Stoic Equity Partners has started construction of a 50,000-square-foot, climate-controlled, unmanned self-storage facility in Pensacola, FL. StoreEase will manage the facility, scheduled to open during Q4 2023, by using its proprietary technology. The site will have 379 units, with some of them climate-controlled. Source: Kiosk Marketplace
