According to CB5 chair Vincent Arcuri, several buildings have been demolished at the 100,000-square-foot space to build up to 1,200 storage units. The highest building will be approximately 60-feet high.
“They’ll have on-site parking and five stories of storefront and offices,” Arcuri said.
Part of the property will be used as warehouse distribution for a furniture company. Construction is expected to begin by the end of the year.
The company behind the facility, Cayre Equities, will soon present drawings for Treasure Island Storage to the board's Land Use Committee. Arcuri said the facility will be built as of right.
Elected officials have noticed an increase in self-storage facilities across the city. In April, Councilwoman Karen Koslowitz announced she’s seeking legislation to “increase transparency” in the storage industry.
Koslowitz is working with Bronx Borough President Ruben Diaz, Jr. on a bill that would require self-storage operators to make data for zip codes of customers available to the Department of Small Business Services annually.
The effort began when the lawmakers asked city agencies, including the Department of City Planning and Economic Development Corporation, for information on who uses the storage units, which the agencies don’t collect.
“I believe that it is uncontroverted that our city, in its interest to provide increasing engines of economic productivity and opportunity, needs to reign in the proliferation of storage facilities in our industrial zones,” Koslowitz said. “This bill will assist planners of future zoning modifications by offering a window into current storage facility dynamics.”