ORLANDO, FL—Fairlawn, Ohio-based Cedarwood Development, an affiliate of Cedarwood Cos., has completed construction of its first self storage facility in the US, a 787 unit, 117,000-square-foot property located at 930 Sligh Boulevard here. The facility will be managed by US Storage Centers, an owner/operator of self-storage facilities nationally which has more than nine million rentable square feet under management.
Brian Grassa, Cedarwood's director of development, tells GlobeSt.com that his company has a similar project under construction in Clearwater, Florida, with plans to open later this year. He says the company continues to look for opportunities in various markets.
"This project represents the first of many new projects currently in our development pipeline," Grassa says.
Located just south of downtown Orlando, the facility has climate-controlled units, passenger elevators, moving carts, 24-hour video surveillance and moving supplies. Grassa says the immediate challenge to construction during this challenging period has been mostly related to interaction with the various governmental agencies regarding permit reviews and inspection services.
"To date, we have been able to keep our projects on schedule," he says.
Want to continue reading?
Become a Free ALM Digital Reader.
Once you are an ALM Digital Member, you’ll receive:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
*May exclude premium content© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
