Self-Storage Concept Proposed for Empty Walmart Site

By Barker, Jacob | St Louis Post-Dispatch (MO), August 18, 2017 | Go to article overview

Self-Storage Concept Proposed for Empty Walmart Site


Barker, Jacob, St Louis Post-Dispatch (MO)


The Cypress Village shopping center across St. Charles Rock Road from Northwest Plaza has far less shopping going on than it used to.

Five years since the Walmart that anchored the center moved to bigger digs down the road, leaving behind a dying shopping center, the owner wants to rehab the empty big box space to get in on a hot real estate trend: self-storage.

For a retail center that is now 92 percent vacant, it's something.

"No city is jumping up and down for self-storage," said Zach Greatens, a Bridgeton city planner.

Still, he said, there's a demand for it. And the owner of the site is proposing an indoor self-storage concept, so the rows of metal doors won't be visible from the street. Bridgeton wouldn't want a proliferation of self-storage facilities, Greatens said, but he said the city is "open to the use" at the empty store.

"Retail space across the whole country, especially with larger spaces, it's pretty tough all over," he said.

The shopping center's owner, RMS Properties II LLC, which is connected to a Chicago investment group, has owned the site for more than a decade. It asked the Bridgeton Planning and Zoning Commission to allow the self-storage concept this week, and the commission recommended approval on Monday. The rezoning still needs final approval from the City Council.

Only a few of the storefronts attached to the west of the former Walmart space are occupied, though Greatens said the owner plans to keep the space. Several stand-alone buildings on the site do have tenants, including fast-food restaurants and a motorcycle parts store. …

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