A two-acre land parcel was acquired in Houston’s Pearland suburb envisioned to house a self storage facility built using surplus shipping containers. Houston-based GreenSpace Holdings launched development on the site at 2515 Westminster Rd., which is planned for 1,017 units. Built using roughly 320 surplus shipping containers, it is believed to be the first-of-its-kind facility in the world.
The Class A facility will offer 95,565 square feet of rentable space across three stories and operate under the CubeSmart brand. In addition to 24-hour surveillance, electronic access control, climate-controlled units, and a retail-oriented customer service office, the facility will feature a modern, patent-pending design that was first outlined on a napkin more than two years ago by Greenspace Holdings’ Rick Stockton and David Ledoux.
The method is said to reduce multistory self-storage construction costs by up to 50%, the construction schedule by four to six months, and occupancy required for positive cash flow to approximately 45%. GreenSpace plans to build 50 more multistory self-storage facilities across the U.S. in the next seven years.