Diversified Properties LLC and 1026 Real Estate Investors LLC recently broke ground on a three-story, 98,000-square-foot self-storage facility in Montville. — Courtesy: Diversified Properties LLC
By Joshua Burd
A joint venture has broken ground on a three-story, 98,000-square-foot facility that will bring more than 800 self-storage units to Montville.
The firms, Diversified Properties LLC and 1026 Real Estate Investors LLC, announced the recent launch of construction for the project at 352 Main Road. CubeSmart Self Storage will manage the facility.
The developers recently joined more than 40 attendees, including Montville Mayor Richard Conklin, to mark the project’s groundbreaking.
“This is a particularly special project for Diversified Properties as it is literally located adjacent to our corporate offices — and my family and I live in Montville and have deep roots in our community,” said Nicholas Minoia, the firm’s managing partner. “Diversified Properties has a strong working relationship with Mayor Conklin, the Township Committee, the Planning Board and Township staff; we thank them for their commitment to helping us get to this momentous occasion and bring a great tax ratable to Montville.”
The 2.5-acre site, previously approved for an office building, is accessible from Route 202 and just off the exit ramp for Interstate 287. The property is now fully approved for the self-storage project, Diversified said.
The firm’s joint venture partner, 1026 Real Estate Investors, is based in New York City and led by Douglas Oliver. Local dignitaries at the recent groundbreaking also included Deputy Mayor Frank Cooney, Committeewoman June Witty, along with family, friends, business associates and team members of Diversified Properties and 1026 Real Estate Investors.
“Diversified Properties’ development of this self-storage facility brings with it a strong ratable for our township,” Conklin said. “This is a rewarding day in Montville. It’s important to note that Nick worked closely with us to customize the building’s façade to meet our township’s design and architectural criteria, ensuring the building’s elevations are harmonious with the nearby office building.”