Deal of the week: Cossaboom Family YMCA to get new use as gym and self-storage project

Friendswood attorney Jerome Karam has purchased the shuttered 1950s-era Cossaboom Family YMCA on the South Loop for his next project.

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Karam, who is behind redevelopments such as Texas City’s Mall of the Mainland and Galveston’s Falstaff brewery, plans to repurpose the property into a five-story gym and a separate 45,000-square-foot self-storage facility. The gym, Maxx Fitness, will contain up to 38,000 square feet with a focus on cardio equipment. Opening is targeted by November, Karam said.