SSG Development begins construction of $12m, 114,000 s/f self storage facility
According to Gerald Cohen, manager of SSG Development LLC, they have commenced construction on a 114,000 s/f, 4 story, fully climatized self storage facility along the Mass Pike at 156 Lincoln St.
The facility will be fully climatized and have state-of-the-art security and office area, elevators, and on-site parking. The four story building is being designed by BL Companies of Meriden, Conn. and constructed by SSG Construction LLC. The facility will be open in February. The project is being financed by The Washington Trust Company in Providence, SSG Dev. currently has 8 additional projects in New England and Florida in various stages of approvals.
Wallingford, CT O,R&L Commercial has completed the $3.8 million sale of a mixed-use investment property located at 33-39 North Main St. and 24-25 Wallace Ave. in the town center.
Now what? As the year comes to a close, the state of retail is always in the news. The answers vary greatly depending on who in the various related industries you ask, each offering a unique lens on the challenges and opportunities ahead.
This may seem self-serving, and I’ll be the first to admit it. But unlike some of the artificial intelligence tools now reshaping our industry, I am fully aware of my own bias. So, hear me out. The rise of AI in commercial real estate is not a distant threat or a speculative headline.