January 29, 2010 8:10 PM
Last night Redtree Properties, a Santa Cruz, California real estate developer, went before the City Council in Capitola, California, to discuss its proposal to turn vacant office space into self-storage units. The office space, which is located in a shopping mall, is not zoned for self-storage. The office spaces could not be converted to self-storage unless the city rezones the area or amends the neighborhood commercial zone law to allow self-storage. But the Capitola Planning Commission is in favor of the idea.
The office complex, which is located at 809 Bay Ave in Capitola, next door to the Nob Hill shopping mall, was last occupied in August 2008. It occupies 37,232 square feet of space, which Redtree plans to convert to 394 self-storage units. [More]