1784 Capital Holdings Breaks Ground on Scottsdale Promenade Self Storage
Scottsdale-based 1784 Capital Holdings LLC has broken ground on its Scottsdale Promenade Self Storage project at 7550 E. Paradise Ln. The Class A, self-storage project is scheduled for completion in 1st quarter 2020.
“We are committed to developing the highest quality self-storage facilities in premier locations throughout the country,” says Shane Albers, chairman and CEO of 1784 Capital Holdings, manager of the project. “Our team works closely with the community to design appealing structures that blend with their surroundings. These properties offer the finest amenities and services in the industry, replacing the old industrial image of self-storage with a boutique hotel-type experience.”
1784 Capital Holdings, LLC of Scottsdale is managing the construction of the multi-story, fully air-conditioned self-storage facility of institutional quality. The facility will feature three stories above ground and one level below ground. The structure will contain ±140,607 square feet gross with ±101,305 net rentable square feet. Access to the facility will be available from both Paradise Lane and 76th Street with clear access to both Scottsdale Road and Frank Lloyd Wright Boulevard.
The facility will be situated on 2.52 acres immediately to the south of Promenade Power Center within the master-planned Scottsdale Promenade development.
The site is adjacent to retail, Class-A office buildings, high-end multi-family housing, resorts, restaurants and auto dealerships. The project is being constructed by TLW Construction, Inc.
“The coveted North Scottsdale market faces significant barriers to entry,” says Kelly McKone, executive vice president of real estate for 1784 Capital Holdings. “New residential development and prime retail centers within the area solidify the need for space and appeal for this high quality of service.”