A developer has converted the former Dubin Paper building
in South Philadelphia into a self-storage facility that will have more than
2,000 units once completed.
Gary Ott of Philly Self-Storage of Glenmoore, Pa., bought
the abandoned building at 1910 S. Columbus Blvd. in March in what he described
as a complicated two-year transaction.
The three-story, 230,000-square-foot property had been
used by Dubin Paper for decades but the company closed the facility in 2012 and
the 70-year-old building sat vacant. Ott closed on buying the property in
February for $3.25 million, according to Philadelphia property records.
When Ott purchased the building, it was in severe
disrepair and plagued with city code violations.
“The biggest problem was that the sprinkler system was
inoperable and it was filled with trash and graffiti,” Ott said. “It was a hot
house for bad things to happen."
In spite of its dilapidated states, the property appeared
it might work as a self-storage facility. It is well located and near a vibrant
retail strip that includes several big box stores and adjacent to Columbus
Commons Shopping Center.
It also has other things going for it.
“Everyone is moving back to Philly now, so if you combine
the population increase with the retail nature of this location, it’s going to
provide a service that the neighborhood really does need,” Ott said.
Ott wouldn’t disclose how much he spent converting the
building but the renovations were extensive. He had a new concrete floor poured
on the first floor for support and to level it out. A new roof was installed
and an outdated sprinkler system upgraded to protect items that will be stored
in the facility.
The size of the structure posed its own set of challenges
as Ott started to design how the storage units would lay out.
But he found a clever way to overcome that issue –
designing the storage space with a Philadelphia theme. The layout replicates
the city’s grid plan with each hallway named after a city street.
“The building is so big that you can’t just tell a
customer the number of their unit,” Ott said. “They still get a number, but
this way we can tell them to go down Vine and take a right on Chestnut to find
their unit.”
The units will be rolled out in phases. The first 300
units will open this week and another 340 units will come online next month. In
three years, it will be completely built out.
The facility will initially create four full-time positions
and eventually grow to employ eight people.
Ott was previously involved in four similar projects in
Germantown, Kensington, West Philadelphia and South Philadelphia. He sold these
properties in 2007, but said he now wants to return to the self-storage
industry.
Ott said he plans to continue developing in Philadelphia
by purchasing buildings that can be restored and build up a new portfolio of
self-storage properties.
Source: Philadelphia
Business Journal
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