Have too much stuff? $7.5M stor­age fa­cil­ity open­ing in Lan­tana

The Palm Beach Post - - LOCAL BUSINESS - By Kevin D. Thomp­son Palm Beach Post Staff Writer kthomp­son@pb­post.com Twit­ter: @Kev­inDThomp­son1 Palm Beach Post Staff Writer cto­daro@pb­post.com

LAN­TANA — Space in South Florida is cov­eted — that in­cludes roads, real es­tate and yes, stor­age fa­cil­i­ties.

Mini-stor­age qui­etly has evolved from the in­vest­ment-prop­erty fam­ily into a le­git­i­mate money-maker that’s lur­ing pub­lic cash and in­sti­tu­tional in­vestors — so much so that over­build­ing has be­come a press­ing con­cern.

En­ter CubeS­mart Self Stor­age, a $7.5 mil­lion, 89,000-square­foot stor­age unit in Lan­tana. The fa­cil­ity, at 420 N. Fourth St., will even­tu­ally have up to 750 spa­ces.

“New con­struc­tion has less and less closet space,” said Ben­nie Car­mona, the site’s gen­eral man­ager. “It’s much smaller places to put your stuff, and we don’t have any base­ments (in Florida).”

Although the of­fi­cial open­ing is Thurs­day, CubeS­mart be­gan rent­ing at the site about two months ago and al­ready has 120 cus­tomers.

Space sizes range from 4-by-5 feet, which is like a small walk-in closet, to 10-by-25 feet. Costs range from $68 for the small­est unit to $363 for the largest.

“Right now I have no big spa­ces avail­able,” Car­mona said. “In the stor­age in­dus­try, the big­ger the size, the faster they rent. It’s al­ways been like that.”

Carm o na has been w ith CubeS­mart for five years and in the stor­age in­dus­try for 18. He said in Florida there are too many peo­ple in a tran­si­tion pe­riod in their lives.

“They could be mov­ing,” he said. “We have snow­birds, and the con­dos make our ren­tals a lit­tle bit slower; but that’s where we take ad­van­tage and pro­mote the prop­er­ties.”

Ac­cord­ing to the 2018 Self Stor­age Al­manac, CubeS­mart is one of the top three own­ers and op­er­a­tors of self-stor­age prop­er­ties in the United States. The U.S. in­dus­try con­sists of ap­prox­i­mately 44,000 prop­er­ties with 2.3 bil­lion rentable square feet, of which the top 10 op­er­a­tors col­lec­tively own ap­prox­i­mately a 23 per­cent mar­ket share.

CubeS­mart has up to 45 prop­er­ties in Palm Beach County, Car­mona said. Three years ago the com­pany spent $7.3 mil­lion on a mini-ware­house in Lake Worth at 1900 Sixth Av­enue S.

The com­pany has dropped at least $67 mil­lion on a dozen prop­er­ties in the county since late 2012.

The site took about 10 months to build and cur­rently has about 462 units, Car­mona said. The ad­di­tional spa­ces will come once the third floor is com­plete, he added.

“It’s easy ac­cess and it’s pretty con­ve­nient to Palm Beach,” said Car­mona. “It has the lat­est se­cu­rity sys­tem, and we have over 38 cam­eras, which can be turned into 64.” BOYN­TON BEACH — While some cities in Palm Beach County are con­sid­er­ing ban­ning plas­tic straws to go green, Boyn­ton Beach com­mis­sion­ers have a dif­fer­ent ap­proach.

Mayor Steven Grant pro­posed a “Green Busi­ness Project” that would give busi­nesses the in­cen­tive to go green, rather than hav­ing the city ban plas­tic and Sty­ro­foam sub­stances.

“We are ac­tively pur­su­ing ways for the city to be more ef­fi­cient and ef­fec­tive and green,” Mayor Grant said in a City Com­mis­sion meet­ing Thurs­day. “Rather than try­ing to pun­ish the bad be­hav­ior, we would like to re­ward good be­hav­ior.”

Th­ese busi­nesses would be pri­vate ones that do not work directly for the city.

The city of Del­ray Beach and town of Jupiter both con­sid­ered a city­wide ban on plas­tic straws, but so far have failed to take ac­tion. So, some res­tau­rants in the Del­ray, Boca Ra­ton and Jupiter area took their own ini­tia­tive to limit the use of plas­tic straws and re­place them with pa­per ones.

So what would green in­cen­tives be for Boyn­ton Beach busi­nesses?

“Maybe we could give them a dis­count for re­cy­cling glass bot­tles,” Mayor Grant said. “A lot of busi­nesses don’t nec­es­sar­ily re­cy­cle be­cause it costs ex­tra, and they just throw glass and plas­tic away.” He added that the city could also dis­count over­all garbage costs.

Commi s sioner Chris t ina Romelus sug­gested that fu­ture grants the city gives to new busi­nesses, or busi­nesses who want to re-model, could come with re­quire­ments to have green ac­tions in place.

Sus­tain­abil­ity Co­or­di­na­tor with the city, Rebecca Har­vey, said she wants the project to have a fi­nan­cial in­cen­tive for busi­nesses that will push them to vol­un­tar­ily help the en­vi­ron­ment.

“It will be op­tional, pos­i­tive, and the city will give them recog­ni­tion,” Har­vey said, adding that busi­nesses in the project would get de­cals for their win­dows.

Har­vey thinks that for the city to re­ward busi­nesses, they should be pro­duc­ing en­vi­ron­men­tally ef­fi­cient re­sults.

“They would have to show that they are re­duc­ing their wa­ter, en­ergy and solid waste us­age,” Har­vey said.

For res­tau­rants that want to join the project, Har­vey sug­gested that the city could make re­quire­ments to have no straws, plas­tic bags or Sty­ro­foam cups.

“There’s a lot of ways we can go with it since the pro­gram is still in de­vel­op­ment,” Har­vey said.

Har­vey pro­posed that the city could get an early start on the project by regulating Sty­ro­foam. The city could do this by amend­ing city con­tracts for spe­cial events and ban­ning con­trac­tors from us­ing the prod­ucts, she said.

Cur­rent state law pre­vents mu­nic­i­pal­i­ties from regulating Sty­ro­foam prod­ucts city­wide, but there’s noth­ing stated in the law that bans cities from chang­ing their own con­tracts, Har­vey said.

Har­vey is re­view­ing a draft of the project with As­sis­tant City Man­ager Colin Groff and plans to add more amend­ments be­fore show­ing it to com­mis­sion­ers, she said.

DA­MON HIG­GINS / THE PALM BEACH POST 2017

Boyn­ton Beach May­orSteven Grant pro­posed a “GreenBusi­ness Project” that would give busi­nesses the in­cen­tive to go green, rather than hav­ing the city ban plas­tic and Sty­ro­foam sub­stances.

DREAMSTIME

For res­tau­rants that want to join the project, Rebecca Har­vey sug­gested that the city could make re­quire­ments to have no straws, plas­tic bags or Sty­ro­foam cups.

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