This project marks the reclamation of the former Otis Elevator building, which has been vacant since 2009. The building was originally built in 1926, and spans the entire block between 16th and 17th Streets in Chicago’s vibrant Pilsen neighborhood.
“This is a comprehensive rehab of a historic Chicago structure and we are thrilled to be part of the evolution of this neighborhood,” Mengel said. The facility will feature three stories of self storage, with a total of 726 heated and air conditioned storage units in various sizes.
During the renovation, JSM Venture poured new concrete floors, installed all new HVAC and lighting. They also added a new service elevator while also replacing all the exterior windows and doors. At the north and south ends of the facility, interior loading areas are secured by large roll-up doors with keypad access. Customers will find easy drive in access to a ground level loading area for passenger vehicles and a loading dock for commercial vehicles.
The three story facility will occupy one full city block just south of Addams Park, and serves University Village, Little Italy, and the Near West Side.
The new facility is part of Uncle Bob’s continued expansion into the Chicago area, as it is their 12th facility added in the past two years.
“The great people of Chicago have treated us well and we’re pleased to be able to serve them in this growing area,” said Matt Moore, area manager of Uncle Bob’s Chicago storage facilities.
The facility will open to the public on April 1st, and customers can reserve a space online now at: UncleBobs.com/Chicago-IL-storage/storage-unit-prices-UB832.cfm.
About JSM Venture, Inc.
JSM Venture, Inc. is a Chicago area based developer of institutional quality self storage assets that specializes in the conversion and value add redevelopment of existing industrial properties. JSM targets in-fill urban locations that have an unmet demand for self-storage. Since 2005, JSM Venture has acquired and developed over one million square feet of self storage facilities.
About Uncle Bob’s Self Storage
Uncle Bob’s Self Storage® is owned by Sovran Self Storage, Inc., (NYSE:SSS) a real estate investment trust (REIT) that acquires and manages self storage facilities. Uncle Bob’s is one of the largest self storage companies in the United States with more than 450 storage locations spread across 25 states. Uncle Bob’s currently operates 12 self storage locations in the Chicago area.