Public Storage Adds New Storage Units in Colorado Springs
May 23 2019 - 1:01PM
Business Wire
Thanks to a brand new Public Storage (NYSE:PSA) facility opened
here today, there are hundreds more Colorado Springs storage units
to choose from in a growing neighborhood on the north edge of town.
The project is part of the company’s overall growth strategy that
has spurred an 8 percent increase in Public Storage locations in
the state over the last year.
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Hundreds of new climate controlled self
storage units opened today at Public Storage 3601 Blue Horizon
View, Colorado Springs, CO 80908. In total the company opened more
than 700 spaces, also including convenient drive-up outdoor units.
The new building is visible from the busy Powers Boulevard, aka
Highway 21, thoroughfare in a neighborhood where buildings are
quickly rising from vacant fields. (Photo: Business Wire)
The new Public Storage 3601 Blue Horizon View, Colorado Springs,
CO 80908 offers more than 700 spaces, from indoor, climate
controlled units to convenient drive-up outdoor storage. It is
visible from the busy Powers Boulevard, aka Highway 21,
thoroughfare in a neighborhood where buildings are quickly rising
from vacant fields.
The company chose the new location because the neighborhood is
“underserved,” especially in light of the new neighbors moving in,
said Erik Svensson, a vice president with its real estate team.
“Any time there are homes and commercial properties being built
in an area, it’s a good sign,” he said.
The new location was built with grey and tan siding that fits
well with the traditional styles of the housing developments
nearby. And of course there are friendly Public Storage Orange
accents!
The project represents a revival for Public Storage in town as
well. The company had not added another location here for 19 years.
However, this is its second grand opening in Colorado Springs in
less than two months. Public Storage 6190 Tutt Blvd., Colorado
Springs, CO 80923 opened in April with 1,213 indoor, climate
controlled units.
Denver’s smaller cousin, Colorado Springs ranks among the best
places to live in the U.S. due in part to options for outdoor fun
in stunning settings, from Pike’s Peak to Garden of the Gods,
according to U.S. News and World Report. It’s a lot cheaper to buy
a home here too, with values running about 30 percent less in
Colorado Springs than in Denver, according to the website
Zillow.com.
Colorado Springs is also wildly popular for millennials, who no
doubt come for the low unemployment rate, world-class outdoor
hiking and skiing and lower cost of living. The town attracted more
growth of new residents in that age group, 15 percent, than any
other city in the U.S. during the five-year period that ended in
2015, according to the nonprofit public policy group Brookings
Institution.
Brand new homes make north Colorado Springs the hottest
neighborhood in town. Can you say “well heeled” in an area known
for athletic shoes?
“We’re literally in the middle of brand new neighborhoods,” said
Public Storage area manager Samantha Varnadore.
For more information, visit the Public Storage Blog. Follow
Public Storage on Facebook and Twitter.
Company Information
We help customers in their time of need, whether moving,
downsizing or storing for business. Public Storage was founded in
1972 with a single Southern California self-storage building. We’ve
grown a bit since then, to more than 2,444 locations around the
country, making us the largest in the business today and a member
of the S&P 500. We offer self-storage options of all shapes and
sizes and the same personal attention from on-site managers that
we’ve been giving from day one. For stockholders, we are a real
estate investment trust, meaning we distribute a large portion of
revenue to public investors in the form of dividends. Learn more
about Public Storage at https://www.publicstorage.com.
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Ryan Burke(818) 244-8080, Ext. 1141
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