Update 2/2/15 – Self-storage developer VLR-Roxbury LLC plans to build out the Rivermoor Street project in two phases. Phase one will include the construction of a single-story, 2,500-square-foot addition to the corner of the existing building, which will house an office and “high-security” storage space, according to “Commercial Property Executive.” Approximately 12,000 square feet of existing front-office space will be converted to storage units. A second story comprising more than 66,000 square feet will be added during phase two.
When completed, the facility will offer approximately 1,100 storage units, 77 outdoor parking spots and 75 RV-storage spaces. Jordan Architects Inc. of San Clemente, Calif., designed the project, while Red Hill Construction Services will oversee construction management. The project is expected to create up to 60 construction jobs, the source reported.
VLR-Roxbury purchased the 6-acre, West Roxbury, Mass., property last November for $6.86 million from M&H Holdings LLC. The facility will be managed by CubeSmart.
1/20/15 – Self-storage developer VLR-Roxbury LLC has received approval from the Boston Redevelopment Authority (BRA) to build a 154,376-square-foot CubeSmart facility at 99 Rivermoor St. in West Roxbury, Mass. The $14 million project involves converting an existing industrial warehouse to storage, enhancing the building’s exterior and improving landscaping in the area, according to the source. The site borders Millennium Park.
The self-storage project was one of four developments approved by BRA. Together, the projects total $55 million and 312,139 square feet, and are expected to generate 230 construction jobs. They include housing developments in Jamaica Plain and South Boston and a new athletics facility at the Wentworth Institute of Technology in Mission Hill, the source reported.
CubeSmart is a real estate investment trust that owns or manages 562 self-storage facilities across the United States. It also operates the CubeSmart Network, which consists of more than 800 additional self-storage facilities.
Sources:
- Boston Business Journal: BRA Approves $55M in Development Projects, Including Wentworth Institute of Technology Athletics Field
- Commercial Property Executive: $14 Million CubeSmart Self-Storage Facility Approved for Development
- SAMPAN: Boston Redevelopment Agency to Renovate China Trade Center for New Tenant
