TORONTO—Bluebird Self-Storage has officially opened three outlets in Ontario, in Toronto, Whitby and Burlington.
The facility at 1770 Appleby Line in Burlington is 116,200 net rentable square feet in size. The firm opened its Whitby facility in September at 1580 St. E. across from Thickson Ridge Shopping Centre with 100,700 net rentable square feet. The Bluebird facility at 1450 Don Mills Rd. in Toronto is a retrofit of the former National Post building and has 151,000 net rentable square feet.
“Self storage has proven to be a stable asset class when it comes to market downturns,” said NYX Capital CEO Yashar Fatehi in an Oct. 28 release. “We witnessed this during the 2008 recession when self storage was the only asset class not affected. During COVID-19 our occupancies have not been reduced, which confirms that self storage is indeed recession resistant.”
Bluebird has developed and managed almost 100 institutional Class A storage facilities across North America since 1983.
Bluebird principal Reade DeCurtins commented, “We’ve expanded our Canadian operations into Montreal, Calgary and Edmonton and are slated open in Vancouver in the first quarter of 2021. We are Canada’s most progressive self-storage concept and we’re making a push to be the most recognized.”