The Sylvan Park-area location of an Option Rentals rent-to-own furniture store where a Spacebox Storage self storage and retail project is planned has changed hands for $2.8 million.
An affiliate of Hattiesburg, Mississippi-based York Development LLC bought the seven-tenths of an acre location at 4305-4307 Alabama Ave. from Dorris B. Calvin, president of Option Rentals Inc.
The Metro Planning Department's staff is currently reviewing the final site plan that developer Spacebox Storage of Santa Rosa Beach, Fla., submitted for administrative approval. Construction should start this summer with opening targeted for nine months to a year later.
"We are extremely excited to bring this new self storage project to ...Nashville and we look forward to being a member of the growing, dynamic West Nashville local business community," said S. Paige York, founder of Spacebox Storage, an affiliate of family-owned real estate development company York Development. "The local neighborhood support was welcoming and greatly appreciated."
Construction drawings for the mixed-use project will show 82,422 square feet of climate-controlled self storage space and 3,968 of leasable creative office/retail space. Spacebox Management LLC will manage the facility from an 802-square-foot office space on the first floor at the corner of 44th Ave N and Alabama Avenue.
Nashville-based Dale & Associates is listed as the civil engineer for the Nashville project planned the site that's just north of Charlotte Avenue, while Wade R. Squiers is the architect.
In addition to that planned Nashville location, Spacebox is opening three new self storage facilities in Tampa, Niceville, and Lake Park, Fla. Collectively, the York team has developed more than two million square feet of self-storage in Mississippi, Hawaii, Florida and California.
Seller Calvin has operated the Option Rentals store at 4307 Alabama for nearly three decades. "My plans are to take it someplace close and keep all of my customers," Calvin said about a new West Nashville location.
Calvin also owns the rent-to-own locations on Gallatin Pike in East Nashville and on Nolensville Pike in south Nashville.