A joint venture between real estate firms Diversified Properties and New York City-based 1026 Real Estate Investors LLC has broken ground on self-storage facility in Montville.
The three-story, 98,000-square-foot, climate-controlled center will be located at 352 Main Road.
More than 40 attendees, including Montville Township Mayor Richard Conklin; Deputy Mayor Frank Cooney; Committeewoman June Witty; Nicholas Minoia, managing partner at Diversified; members of the business community; and more; were at the launch of construction.
The 800-unit facility will be managed by CubeSmart Self Storage.
“This is a particularly special project for Diversified Properties as it is literally located adjacent to our corporate offices—and my family and I live in Montville and have deep roots in our community,” Minoia said. “Diversified Properties has a strong working relationship with Mayor Conklin, the Township Committee, the Planning Board and Township staff; we thank them for their commitment to helping us get to this momentous occasion and bring a great tax ratable to Montville.”
The 2.5 acre site, which was previously approved for office space, is located within close access to Route 202 and Interstate 287.
“Diversified Properties’ development of this self-storage facility brings with it a strong ratable for our township,” Conklin said. “This is a rewarding day in Montville. It’s important to note that Nick worked closely with us to customize the building’s façade to meet our township’s design and architectural criteria, ensuring the building’s elevations are harmonious with the nearby office building.”