By News Sentinel staff
Local officials joined investment and development partners this week to celebrate the ground breaking of Pellissippi Storage, the newest, self-storage, climate controlled facility in Hardin Valley, according to a news release.
The new facility is being built by Creative Structures. It is expected to be finished by May 1, 2017.
Pellissippi Storage will consist of 700 storage units located in rapidly-growing Harden Valley at the corner of Hardin Valley Road and Pellissippi Parkway.
There will be several unit sizes available including: 5-by-5, 5-by-10, 5-by-15, 10-by-10, 10-by-15, 10-by-20 and they are planned to be available to renters on in May 2017.
“Pellissippi Storage will be the largest and most sophisticated self-storage facility in Knox Country offering a unique combination of conventional storage units along with a state-of-the-art multistory climate-controlled building equipped with both automated security features allowing around-the-clock controlled access and kiosk that allows payment, and rental transactions 24/365 – a first in this area,” said Ed Drummond, Pellissippi Storage site owner, in the release.
Population gains, especially throughout the Southeast, have led to an increase in demand for multifamily construction, which has driven demand in storage space, according to the release. In addition, many homeowners are taking advantage of self-storage as they go through various life stages (new family members, children leaving for college, home upgrades and remodeling). Self-storage, especially climate-controlled, sees significant growth as residential areas boom.
Hardin Valley fits a residential growth area trend. In fiscal year 2015, for example, Knox Country Finance Director Chris Caldwell said revenue from building permit fees came in at 125 percent if budget projections.
“We see continued growth in self-storage in the Knoxville market, said Tyler Slack, vice president of creative structures. And we provide our clients with the details, budgets and tight schedules that go along with these buildings to make them successful.”
Creative Structures will be starting a similar storage project for the same owners on Middlebrook Pike later this year. It has been operating since 1983.