Public Storage is planning to nearly quadruple its space in North Hollywood

Self-storage inventory has been tight in Los Angeles

Los Angeles /
Aug.August 14, 2019 03:00 PM
CEO of Public Storage Ronald L. Havner Jr. and the site in North Hollywood (Credit: Google Maps)
CEO of Public Storage Ronald L. Havner Jr. and the site in North Hollywood (Credit: Google Maps)

Public Storage is hoping to redevelop its facility in North Hollywood to nearly quadruple the overall size.

The Los Angeles City Planning Commission next week will consider the plan for a three-story warehouse facility for self-storage. It would include 160,277 square feet of space at 10810 W. Vanowen Street in the San Fernando Valley near Bob Hope Airport.

The project would require the demolition of the existing single-story storage facility that spans 42,380 square feet. The staff report for the planning commission review recommends approving a zone change, a height increase and expanded floor area for the project site.

The Glendale-based company was co-founded by B. Wayne Hughes Sr. in 1972, and the firm now has hundreds of facilities in Los Angeles.

Self-storage has seen increasing interest throughout the country lately, with a tight supply in Los Angeles. In June, Barker Pacific Group acquired a 334,96-square-foot self-storage portfolio in the Inland Empire. And early this year, World Class Capital Group secured a $29.6-million loan to build a 188,600-square-foot self-storage facility in Downtown Los Angeles.


Related Articles

arrow_forward_ios
5250 Lankershim Boulevard and DivcoWest CEO Stuart Shiff (GPI Companies, DivcoWest)
DivcoWest JV pays $92M for Arts District office complex
DivcoWest JV pays $92M for Arts District office complex
Sprout Social CEO Jordyn Howard with the property (Twitter via Howard, Douglas Friedman Courtesy of The Fridman Group)
Sprout Social’s Justyn Howard behind priciest mansion buy in Calabasas
Sprout Social’s Justyn Howard behind priciest mansion buy in Calabasas
Blackstone Group President Jonathan Gray and Hudson Pacific Properties CEO Victor J. Coleman with the proect (Blackstone, HPP)
HPP and Blackstone plan $190M production studio complex
HPP and Blackstone plan $190M production studio complex
Plans of the project as submitted to the City of Los Angeles and Eddie Lorin of Alliant Strategic (AC Martin / City of Los Angeles, Alliant)
Alliant Strategic plans 332-unit project in Van Nuys
Alliant Strategic plans 332-unit project in Van Nuys
Aerial Shot of a Suburban Street in San Fernando Valley (Getty)
San Fernando Valley home prices top another record in May
San Fernando Valley home prices top another record in May
A rendering of the project and an aerial view of the development site (WPH Holdings, Google Maps)
WPH Holdings plans another affordable complex in Sun Valley
WPH Holdings plans another affordable complex in Sun Valley
10745 W. Burbank Boulevard in North Hollywood (Google Maps)
Developer eyes apartment complex in North Hollywood
Developer eyes apartment complex in North Hollywood
Clarion Partners CEO David Gilbert and Trammell Crow CEO Mike Lafitte. (The Center at Needham Ranch, Clarion Partners, Trammel Crow)
DrinkPAK gulps down 400K sf at Needham Ranch complex
DrinkPAK gulps down 400K sf at Needham Ranch complex
arrow_forward_ios

The Deal's newsletters give you the latest scoops, fresh headlines, marketing data, and things to know within the industry.

Loading...