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Self-Storage Owner to Build Car-Storage Condos in Rosemount, MN


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Self-Storage Owner to Build Car-Storage Condos in Rosemount, MN

https://www.insideselfstorage.com/development/self-storage-owner-build-car-storage-condos-rosemount-mn

Self-storage owner Larry Koland intends to build a $9 million car-condominium facility in Rosemount, Minn. Koland is hopeful he’ll be able to begin construction this spring on the first of three buildings, which would offer about 80 private condos in a business park off S. Robert Trail, just south of County Road 42, according to the source.

Standard units will be 1,000 square feet and sell for $195,000 to $205,000. Spaces will be finished with a gas-fired boiler, in-floor heat, electrical, drywall and fire suppression. Loft space and a bathroom will be available as options. “They’ll leave a lot to the person’s imagination; they can do whatever they want to it, depending on what they collect and what they’re into,” Koland told the source.

The facility would also feature a community clubhouse with a deck, fireplace, kitchen and restrooms. A plaza would provide outdoor seating for barbecues and car shows.

Koland believes car condos are a niche with local demand to grow. He himself owns two condo units at a similar local facility. He also owns Inver Grove Heights Storage and More Space Self Storage in West St. Paul, Minn.

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The condo project is scheduled to be considered by the Rosemount Planning Commission this month and is expected to be reviewed by the city council in March.

Source:
TwinCities.com, Condos for Cars? Storage Project Would Bring Lavish Lifestyle to Rosemount

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