On Tuesday, September 26, 2017, over 50 government, community and business leaders joined The Rosenblum Companies to celebrate the grand opening of our new $7+ Million ValuSpace Albany Personal StorageSM facility at 40 North Russell Road in Albany.
Located between the Home Depot on Central Avenue and the Westgate Plaza Price Chopper a short distance from Exit 5 of Interstate 90, the three-story, 88,000 square foot self-storage facility combines an easily accessible retail location with an emphasis on in-person customer service.
ValuSpace Albany features:
- 630 units ranging from 5’x5’ (25 sqft) up to 10’x30’ (300 sqft) designed to address the varied needs of homeowners, renters and small businesses;
- A welcoming, brightly lit office staffed seven days a week (see hours below);
- Quality packing materials for sale along with free coffee and bottled water for clients;
- Advanced security features including code-controlled access, extensive high-resolution cameras, and alarmed doors.
9.4% of U.S. households utilize self-storage space and demand is growing. The Baby Boomer generation in particular has accumulated more possessions than any previous generation; as Boomers become empty nesters and downsize their homes, they require places to store possessions and family keepsakes that will be passed down to the next generation(s). This need is intensified by a trend amongst millennials to delay home purchases and remain in rentals longer. As a result, self-storage is an increasingly important compliment to residential development; hundreds of new apartment units have been constructed in the City within three miles of ValuSpace Albany, and additional developments are under construction or proposed.
The Rosenblum Companies purchased the property at 40 North Russell Road in June 2016. The project included removing an existing one-story 1950s-era building that struggled through revolving tenancies and had become blighted. Rosenblum also repaired and repaved an existing easement road on the property that allows for through traffic between Westgate Plaza and The Home Depot, but the facility itself creates virtually no traffic impact or parking requirement, and will generate significant additional property tax revenues.
“While ‘Class A’ is a description typically associated with office space, the high quality of condition, location and client experience it connotes is the goal for all of our properties,” explains Seth Rosenblum, CEO of The Rosenblum Companies. “We created ValuSpace to provide a Class A self-storage experience at a competitive price that benefits our customers while contributing to the City’s positive momentum.”
“With the growth of new residential development across the City, especially in Downtown Albany, the need for personal storage space has increased,” said Mayor Kathy Sheehan. “This added amenity is a prime example of how underutilized spaces can be repurposed to fit the needs of our community. Thank you to Rosenblum Companies for their vision and commitment to Albany.”
“This new storage facility adds a needed service for our region’s growing population,” said New York State Assemblymember Patricia A. Fahy, who was joined by fellow assemblymember, John McDonald. “The replacement of a previously worn down property increases the curb appeal of Russell Road, and we’re glad to see the continued growth of business in the area. Many thanks to the Rosenblum Companies for their continued investment in Albany.”
“This is a forward-thinking project that’s going to provide significant community benefits while serving as a key amenity for new and current Albany residents,” said City of Albany Industrial Development Agency CEO and Capitalize Albany Corporation president Sarah Reginelli. “In the past five years, more than 380 new apartment units have come online in Albany’s downtown alone.”
“What stood here at 40 North Russell Road before was an underutilized property that never reached its potential, so on behalf of the business and property owners, we wanted to say thank you to The Rosenblum Companies for once again demonstrating what can be done when you have vision and creativity,” said Anthony Capece, Executive Director of the Central Avenue Business Improvement District. “As a representative of over 500 business and property owners within the Central Avenue Business District, we are very glad to see this needed, high quality reinvestment and reuse in the District.”
“Today we are celebrating a great new addition to Albany County that will provide residents with a one stop shop for all their storage needs,” said Mark Eagan, CEO of the Capital Region Chamber. “It is wonderful to see The Rosenblum Company’s commitment to growing relationships with fellow businesses and community members continue through ValuSpace.”
The Rosenblum Companies has hired Storage Asset Management, Inc. (SAM), a full-service self-storage property management and consulting company, to oversee daily operations at ValuSpace Albany. SAM manages over 90 properties encompassing more than four million square feet. New store manager Camila D’Orazio-Diaz previously worked in guest relations for the Hilton Albany.
The ValuSpace website (valuspace.com) enables customers to rent or reserve units, and pay online at any time from any web-enabled device. Click here for more information regarding rental prices and availability, or call call 518-992-3216. You can also visit during regular office hours:
Monday – Friday: 9:00 am – 5:30 pm
Saturday: 9:00 am – 3:00 pm
Sunday: 11:00 am – 3:00 pm
This month, The Rosenblum Companies also started construction on a second ValuSpace facility, ValuSpace Troy, located at 850 Hoosick Road, Brunswick, NY.