A developer is looking to double the size of an existing storage facility in a redeveloping neighborhood, over 1,400 new units of housing alone in the next 5 years in a two block radius.
He claims that it is the only use for the space, adding 2 floors to the one floor structure, that makes economic sense. He cites the $40,000 that it would add to County coffers and feels that office, cafe, restaraunt space would sit vacant if it was located on top of storage space.
Does anybody know of any case studies out there that would help me refute him?
Storage spaces generate serious revenue for developers, but they are not amenities to a community that is watching property values sky rocket.