{"id":6750,"date":"2024-07-23T10:36:16","date_gmt":"2024-07-23T10:36:16","guid":{"rendered":"https:\/\/listselfstorage.com\/us\/industry-insights\/?p=6750"},"modified":"2024-07-31T10:24:36","modified_gmt":"2024-07-31T10:24:36","slug":"four-story-self-storage-facility-proposed-for-dunwoody-ga","status":"publish","type":"post","link":"https:\/\/listselfstorage.com\/us\/industry-insights\/four-story-self-storage-facility-proposed-for-dunwoody-ga\/","title":{"rendered":"Four-Story Self-Storage Facility Proposed for Dunwoody, GA"},"content":{"rendered":"<p><!-- VideographyWP Plugin Message: Automatic video embedding prevented by plugin options. --><br \/>\n<figure id=\"attachment_6751\" aria-describedby=\"caption-attachment-6751\" style=\"width: 561px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" class=\"wp-image-6751 \" src=\"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-content\/uploads\/2024\/07\/Dunwoody-Storage.png\" alt=\"\" width=\"561\" height=\"325\" \/><figcaption id=\"caption-attachment-6751\" class=\"wp-caption-text\">Rendering: Coro Realty Advisors<\/figcaption><\/figure><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The four-story, 140,000-square-foot facility with a basement would be located at 4470 Chamblee Dunwoody Road, according to construction plans. The site is located off I-285, behind a Kroger. The facility is expected to break ground this fall.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Georgetown Storage comes from Coro Realty Advisors and is one of several self-storage sites the Atlanta-based commercial real estate investor has in the pipeline.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">In addition to the Dunwoody site, the firm is planning a two-story storage facility in Woodstock called Ridgewalk Storage. This year, they also broke ground on Lake Lanier Storage, a 75,000-square-foot facility and a 49,000-square-foot boat storage building in Flowery Branch. The second phase of Auburn Avenue Storage, a three-story, 57,000-square-foot facility in Columbus, was recently completed.<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\">\u201c<span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">I think there\u2019s a very high risk of oversupply of self-storage,\u201d Coro President Robert Fransen said in an announcement about the projects. \u201cWe\u2019re taking kind of a longer-term view that the supply and demand equation will normalize in the long run.\u201d<\/span><\/span><\/span><\/p>\n<p><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">The self-storage vacancy rate in Atlanta is expected to rise to 9.5 per cent this year, according to the firm.<\/span><\/span><\/span><\/p>\n<p><a href=\"https:\/\/whatnowatlanta.com\/four-story-self-storage-facility-proposed-for-dunwoody\/\" target=\"_blank\" rel=\"noopener noreferrer\"><span style=\"text-decoration: underline;\"><strong><span style=\"color: #222222;\"><span style=\"font-family: Lato, Helvetica Neue, Arial, Helvetica, sans-serif;\"><span style=\"font-size: medium;\">Source<\/span><\/span><\/span><\/strong><\/span><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The four-story, 140,000-square-foot facility with a basement would be located at 4470 Chamblee Dunwoody Road, according to construction plans. The site is located off I-285, behind a Kroger. The facility is expected to break ground this fall. Georgetown Storage comes from Coro Realty Advisors and is one of several self-storage sites the Atlanta-based commercial real estate investor has in the pipeline. In addition to the Dunwoody site, the firm is planning a two-story storage facility in Woodstock called Ridgewalk Storage. This year, they also broke ground on Lake Lanier Storage,&hellip;<\/p>\n","protected":false},"author":13,"featured_media":6751,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[23],"tags":[],"gutentor_comment":0,"_links":{"self":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6750"}],"collection":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/comments?post=6750"}],"version-history":[{"count":2,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6750\/revisions"}],"predecessor-version":[{"id":6753,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/posts\/6750\/revisions\/6753"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media\/6751"}],"wp:attachment":[{"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/media?parent=6750"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/categories?post=6750"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/listselfstorage.com\/us\/industry-insights\/wp-json\/wp\/v2\/tags?post=6750"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}