July 2, 2022

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Bethel business school grad wants to capitalize on Danbury’s ‘unmet’ self-storage demand with M project

Bethel business school grad wants to capitalize on Danbury’s ‘unmet’ self-storage demand with $2M project

DANBURY – There are 10 self-storage services within a few miles of Wonderful Pasture Street at the Bethel border, including a person on both side of Ethan Draper’s family’s landscaping company.

If that appears like self-storage overkill, it isn’t, claims Draper, a 25-yr-aged organization school graduate, who just concluded a 15-thirty day period lively-responsibility stint with the Connecticut Air Nationwide Guard, distributing vaccines and COVID checks in Danbury.

“While there are 10 present self-storage amenities in this 3-mile radius of our facility, 8 of these 10 services are at 100 p.c capacity with the remaining two at 95 and 98 % potential,” Draper instructed the city’s Preparing Fee at a community hearing final 7 days. “[A] primary consultant and management firm in the self-storage business who carried out a internet site and sector feasibility review (uncovered) … inside of the submarket of our locale that there is 300,000-sq.-toes of unmet self-storage demand.”

The solution, Draper reported, is to develop a 48,000-sq.-foot enclosed self-storage setting up with “state of the art protection steps, management application and cutting-edge Bluetooth enabled entry units to retain the facility … safe and sound and safe.”

The $2 million task phone calls for demolishing all but one of the properties on the Draper’s 1.5-acre assets at 12 Great Pasture Highway, to make a three-tale local weather-controlled storage creating with 470 rental rooms, ranging in sizing from 25-to-200 sq. feet.

“Living in the Bethel-Danbury area my whole everyday living, I have found the exponential advancement of residences and condominiums which as we all know absence storage place,” stated Draper, who grew up in Bethel and performed soccer at Western Connecticut State University in Danbury, exactly where he earned a enterprise administration diploma. “We will be including 48,000 square toes of storage house that will definitely gain the citizens of Bethel and Danbury.”