Commercial real estate investment company VanWest Partners has commenced the construction of a self-storage development project in Denver, Colorado, US.
Upon completion, the project will be managed by ClearHome Self Storage.
ClearHome Self Storage is the self-storage management company of VanWest Partners.
The project, named ClearHome Self Storage – Colorado Blvd. is situated at 2425 S Colorado Boulevard.
This five-storey facility will feature approximately 93,000ft² of Class A, climate-controlled self-storage units.
The previous building on the site was a two-storey, Class C office constructed in 1978. The building was demolished for this new project.
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Waner Construction is serving as the general contractor while Colorado-based Galloway Architecture is responsible for the architectural design and civil engineering works of the development.
Wintrust Financial has provided construction funding for the project.
The property is located in a major retail and commercial corridor, with 4,300 proposed or under-construction multifamily houses projected to be built within the submarket.
VanWest principal Jacob Vanderslice said: “Most of our self-storage asset base is outside of Colorado, and we’re thrilled to have a new project underway in our hometown.
“There’s a general lack of quality self-storage options in the submarket, and we look forward to serving our customers in southeast Denver when we open in early 2025.”
Construction work is projected to take approximately 14 months, with opening set for the first quarter of 2025.
In June 2023, self-storage developer and operator Cooper Companies started the construction of a self-storage facility in Flagstaff, Arizona, US.