Harrison’s gunning for Hoboken, and the attack of the giant warehouses
May 15, 2015
Here are the news stories you might have missed this week:
The Wall Street Journal: Raising the roof making all the difference in warehouses
In the age of e-commerce, the bigger — and higher — the warehouse, the better. To attract big e-commerce firms and the online branch of traditional retailers, developers are building large warehouses with taller ceilings — 40 feet or more. While most warehouses have ceiling clearances between 28 and 36 feet, developers are looking to the sky and building to new warehouse heights. The trend of building up, rather than out, can save developers money, while new automated technologies allow warehouses to store more product in smaller spaces. Read more about warehousing’s skyward expansion at WSJ.com.
Coloradoan: Fort Collins sees storage space shortage
College students come and go, but a lot of their stuff stays on campus. In Fort Collins, self-storage facilities and other rental storage space is in high demand from Colorado State University students. With students heading home for the summer, they need space to store their belonging until the following fall and more are turning to self-storage centers. With space at a premium, developers are adding storage onto existing properties or redeveloping old plots. As long as supply sits below this increased demand, rental rates will stay high. Learn about the self-storage boom at coloradoan.com.
San Francisco Business Times: 800-unit Alameda Point project set to transform waterfront
Previous redevelopment plans for the former Naval Air Station in Alameda might have sunk, but a new, smaller plan could finally get off the ground. The 68-acre development plan would add residential developments and plenty of retail and commercial space to the island, which is in desperate need of revival since the base’s closure in 1997. Thousands of square feet of commercial space are included in this Site A plan, and even more future development could be added by 2020 if the grand redevelopment project is approved. To find out more details, visit BizJournals.com.
NJ Advance Media: Ready to move: How Harrison is transforming from an industrial powerhouse
The next Hoboken might be a small town with industrial roots along the Passaic River. Harrison, N.J. is shedding its industrial past, as warehouses are being replaced with new commercial buildings and multifamily residential projects. These new developments, along with reduced costs of living and easy access to transportation, are attracting young professionals to the city. And with more young residents settling down in Harrison, investors are beginning to take notice. Learn more about Harrison’s revitalization at NJ.com.
