Inside Self-Storage is part of the Informa Markets Division of Informa PLC

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

Trumbull Self Storage Developer Closes Loan, Begins Construction in Connecticut

Article-Trumbull Self Storage Developer Closes Loan, Begins Construction in Connecticut

<p>Three years after financing woes brought the development of Trumbull Self Storage to a halt, construction has resumed for the facility on 6 Cutlers Farm Road in Trumbull, Conn. The citys planning and zoning commission approved the business in May 2010, but developer Matthew Romano had trouble securing financing. A loan to fund the development closed on Friday, Romanos lawyer told the source.</p>

Three years after financing woes brought the development of Trumbull Self Storage to a halt, construction has resumed for the facility on 6 Cutlers Farm Road in Trumbull, Conn. The citys planning and zoning commission approved the business in May 2010, but developer Matthew Romano had trouble securing financing. A loan to fund the development closed on Friday, Romanos lawyer told the source.

Romano, a Trumbull native and resident, bought the land in 2004. After going through zoning hearings to get approval, the effects of the bad economy stalled the project shortly afterward, he told the source. The facility is slated to open in the first quarter of 2014, he said.

He also told the source he hopes to ride the wave of popularity caused by TV shows like Storage Wars.

Trumbull Self Storage will feature 350 climate-controlled units, a coffee bar and Wi-Fi. It will also feature a sheltered loading area, and offer services to local businesses. Romano said he hopes the facility will be a destination for business meetings.

Romanos brother, Keith, also rents out storage garages on Spring Hill Road.

Sources: