The project is expected to be complete in a year

July 18, 2024: Carrier Construction Inc. received zoning approval to convert two historic buildings in Bristol, Connecticut, to a mixed-use project that’ll include self-storage, office and retail space. The four-story brick building at 238 Main St. and 13 Prospect St. is comprised of two connected structures, both dating back to the late 1880s. Carrier acquired the site in January 2023 for $940,000 from Bristol Hospital Inc., which had owned the property since 2005. Plans include adding 376 climate-controlled units on the second, third and fourth floors. About 5,000 square feet on the first floor will be designated for office or retail. The remaining square footage will house a management office, restrooms and a few storage units. Expected to be complete in a year, the project will cost about $1.8 million. Based in Bristol, Carrier specializes in custom-home building.

Source: www.insideselfstorage.com/self-storage-investing-real-estate/self-storage-real-estate-acquisitions-and-sales-july-2024