Development

Self-storage planned for site next to Bank of America Stadium

600 West Morehead Street
600 West Morehead Street

A developer is planning to build a self-storage facility uptown on a site adjacent to Bank of America Stadium, records show.

According to preliminary plans filed Wednesday with the city of Charlotte, a company called Morehead Storage Associates plans to build a multistory facility at 600 W. Morehead St. The site is currently occupied by several single-story buildings. As part of the plan, parking will be under the building, and offices, shops or restaurants will be on the first floor.

Records show Morehead Storage Associates is affiliated with Jonathan Dorman. He’s president of StorCon Development LLC, which coordinates development and new sites for Budget Storage, a Florida-based self-storage operator. StorCon backed a change in the city’s zoning code that passed in November allowing self-storage in land zoned for mixed-use development – including sites such as 600 W. Morehead.

Dorman said sites near the high-growth areas are appealing because the influx of new apartment dwellers creates a ready market of self-storage customers.

“People want to store where they live,” he said. Dorman said the building would total five stories about 100,000 square feet. The amount of retail, office or other non-storage space on the ground floor hasn’t been finalized, he said. Dorman said they hope the project can start construction in May and finish in about a year.

Mixed-use districts are typically sites planned for dense, urban development, featuring buildings that include more than one use. Think apartments above ground-floor shops, or offices, breweries and condos in the same building. The new rules require that self-storage facilities located in mixed-use districts include at least 50 percent retail, office or restaurant space on the ground floor.

Since the rule change passed, developers have been rushing to build new, urban self-storage facilities that include retail, offices and restaurants. Two such plans have been filed for sites on 10th Street and Central Avenue, and a third is planned at the Prosperity Church Road and Interstate 485 interchange.

Ely Portillo: 704-358-5041, @ESPortillo

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