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Waterford Tower was completed in 1988 at a cost of $17 million, with 97 units. By the time of its opening, its owner was investigating building a Waterford Tower II. [8] The building's opening gala was a significant event for the wealthy, continuing to further events, galas, and the annual Red, White and Boom parties on the Fourth of July.
The units were rented for a similar price per square foot as apartments or office space, but cost 35 to 50 percent less to build and maintain. [6] [7] A property management subsidiary called Public Storage Management Inc. was formed in 1973. [7] [9] By 1974, 20 locations had been built. [7] [8]
Self storage (a shorthand for "self-service storage") is an industry that rents storage space (such as rooms, lockers, containers, and/or outdoor space), also known as "storage units," to tenants, usually on a short-term basis (often month-to-month). Self-storage tenants include businesses and individuals.
The final unit in the development, a 1,960-square-foot "loft" condominium, sold in 2015 for $537,000. [ 7 ] [ 5 ] At 267 feet (81 m), the tower is one of the tallest structures in Columbus , [ 8 ] and also the most recently completed downtown high-rise development in the city.
The site included the bus storage facility, maintenance facility, and operational building, which COTA together purchased for $651,700. [15] COTA operated the facility through at least 1979; [16] COTA planned to replace the bus storage and maintenance facility with a new building that year. [17] In 1987, the agency agreed to sell the 5-acre ...
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