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Wayne, MI, officials favor $3M self-storage project
Metro Storage owns and manages self-storage facilities in Dearborn, Oak Park and Taylor, Michigan

December 26, 2016: Metro Storage LLC, a Taylor, Michigan based self-storage operator with three facilities, plans to construct a 95,000-square-foot facility on East Michigan Avenue in Wayne, Michigan. The city council favors the project and recently approved an agreement that would sell a 2.3-acre parcel to storage owner Tim Judge for $1. To accommodate the project, however, Judge will need to purchase two additional parcels from Wayne County, Mich., and receive zoning-change approval from single-family residential to industrial/business, according to the source. If approved, the self storage facility will have 70,000 net rentable square feet and could break ground by the middle of 2017.

The Michigan Avenue property includes a former radiator business. It was one of several parcels acquired by the city and reserved for future development. Other business proposals for the site included an art center. Judge was solicited to submit a proposal by Lori Gouin, the city’s economic-development director. "They approached me. It was a fantastic initial experience for the city to be so welcoming," Judge told the source.

Gouin estimated the $3 million self-storage project would generate more than $100,000 in annual property taxes, with more than 90 percent retained by the Downtown Development Authority.

Source: www.insideselfstorage.com