DXD Capital completed a 731-unit self-storage facility located in a Qualified Opportunity Zone in Daytona Beach, FL. The project has two single-store buildings with a total of 731 units totaling 63,650 NRSF at 2078 Old Kings Road. It will have 45 parking spaces for...
Futura, in partnership with Linkvest Capital, completed Nona Cove Self Storage, a 90,000-rentable-square-foot-building in Orlando, FL. The four-story property is operated by Extra Space Storage Management. The facility also features 8,000 square feet of retail space...
Dexter, MI may be getting its first self-storage facility inside city limits, comprised of 338 storage units plus three multi-tenant buildings. The city’s planning commission voted in favor of the project – called Superior Spaces - on March 4. Ryan Joss is owner and...
A proposal to convert a closed Regal Cinemas theater into a self-storage site and add a four-story apartment building, medical office and coffee shop will be heard on March 21 at the Branford (CT) Inland Wetlands & Watercourses Commission, which approved an...
U-Haul plans to open a second location on the northwest side of Kokomo, IN in a $10 million deal. The new facility will have around 700 units spread across about 40,000 square feet. The building’s total square footage is about 75,000; a retail store, rest rooms, a...
Hines announced it plans to deliver two new self-storage facilities this year in Texas. They are Custer Self-Storage in Frisco and Jupiter Self-Storage in Garland. The multilevel, climate-controlled facilities will expand Hines’ portfolio to 16 locations in the...
DXD Capital, a self-storage private-equity investor, opened a new, three-story climate-controlled facility at 895 Thornton Road in the Atlanta suburb of Lithia Springs, GA. It has 703 storage units totaling 71,335 NRSF. Public...
1784 Holdings LLC secured a $53 million construction loan to develop a self-storage facility in Bethesda, MD. The Ardent Cos. provided the financing, which retires previous debt. The completed facility will offer 1,707 climate-controlled self-storage units across...
HPI Real Estate announced the opening of two new self-storage facilities in Florida. One store is at 830 S. River Road in Englewood (below) and has 77,500 rentable square feet across 82 units. The other store is at 5404 S. Williamson Blvd. in Port Orange and has...
Storage Units Capital, a self-storage real estate investment firm, announced the opening of a new property at 9000 W. Colonial Drive in the Orlando, FL, suburb of Ocoee. It sits on 3 acres, and it has 79,605 usable square feet and 766 units. There are three levels of...
Diamond Point Development LLC, a Roswell, GA-based company, plans to build a 99,600-square-foot self-storage facility at 179 Turner St. in Auburn, ME. Construction costs are expected to top $5 million. The facility will provide 75,000-square-feet of net rentable space...
Opponents spoke up Dec. 12 at the Henrico (VA) Board of Supervisors meeting regarding two proposed self-storage facilities. One proposal comes from the General Land Co. LLC to build a three-story self-service storage facility and retail strip at the southwest...
Trojan Storage, based in Redondo Beach, CA, has proposed a massive self-storage compound with nine apartments and two storage buildings. The company wants to build 227,000 square feet of self-storage, with a separate residential component, at 7528 Bellaire Ave. in...
LSC Development LLC opened a new self-storage facility in Glenview, IL at 3701 W. Lake Ave. It’s on a 5.6-acre lot, south of Northshore Glenbrook Hospital and near Glenbrook South High School. The developer converted a pair of three-story, 1970s-style office buildings...
Real estate investment firms NitNeil Partners of Atlanta, GA and Seamless Capital in Austin, TX are partnering on another joint venture. The new project will be inside an Opportunity Zone at 853 Airport Blvd., north of the Cesar Chavez area in East Austin, TX. The...
SecureSpace Self Storage opened a new self-storage facility in Manhattan, NY, to be called SecureSpace Manhattan. The newly built facility is at 424 E. 90th St. and has 88,630 square feet of 100% climate-controlled space. SecureSpace is based in Redondo Beach, CA....
Real estate developer Hunt Midwest is expanding its footprint in the Kansas City metro with a new 867-unit StorTropolis self-storage facility in Olathe, KS. The project, currently under construction at 601 N Millridge Street, will be the chain's sixth and largest...
A restaurant building that’s more than 70 years old and still operating might be demolished and replaced by a self-storage facility in Levittown, PA. SAFStor Old Lincoln LLC submitted plans to change Michael’s Restaurant and Lounge at 935 Old Lincoln Highway in Falls...
Barone Management recently obtained $13.8 million in construction financing for the ground-up development of a storage facility in Syosset in New York’s Long Island. Completion is planned for November 2024. There will be two structures with a total of 1,025...
StorSafe Self Storage hopes to benefit the environment as it builds a 10,665-square-foot expansion to its facility in Michigan City, IN at 2600 S. Franklin St. The expansion will add 82 new climate-controlled storage units. The addition includes an onsite...
Go Store It opened its newest facility at 1683 O’Neal Lane in Baton Rouge, LA. It has 86,680 square feet of space and more than 550 units. The company, based in Charlotte, NC, is an affiliate of Madison Capital Group and has more than 6.5 million square feet of...
A former call center in Menasha, WI will be converted into a large self-storage facility with the addition of up to 600 units – which may be available by May 2024 - as well as more than 100,000 square feet of RV and boat storage parking. There also will be several...
Safeguard Self Storage acquired a property in the Howard Beach/JFK area, at 130-02 S. Conduit Ave. in Queens, NY. Developer Triangle Equities created an interesting product: A two-unit condominium, one of which has a self-storage feature (below). Joseph Berretta of...
Garden Spot Communities is launching ELANCO Self Storage on Ranck Road in New Holland, PA. The facility will take up 10 acres of a 12-acre tract of land zoned as light industrial and is owned by Garden Spot Village, a retirement community that operates as a 501...
Stuf Storage has partnered with Jamestown LP to open a self-storage facility at 1170 Howell Mill Road in Atlanta's West Midtown area. It has 100 units. The new location converts 7,000 square feet of former retail storage into tech-enabled self-storage. The storage...
4 Rivers Property Group (Charlotte, NC), Declaration Partners (Bethesda, MD) and Big Cypress Capital (Naples, FL) formed a joint venture to develop self-storage facilities in Southeastern growth markets. The group also announced it held its first land closing in...
Frontera Real Estate Investments obtained a $10 million construction loan for the ground-up development of a new 733-unit, climate-controlled self-storage facility in Lancaster, CA, which is in the Los Angeles metro area. BWE, a national commercial and multifamily...
A 6,000-unit self-storage facility has been completed at 155 West 29th St. in Manhattan’s Chelsea neighborhood. Public Storage will run the facility, which is 18 stories high and has 180,000 NRSF. The project features units as small as 2x2 and as big as 8x12. The...
The city of Providence, RI has a message for self-storage developers: stay away. The Providence City Council last month approved an ordinance that effectively bans construction of new self-storage facilities throughout Rhode Island’s capital city, with supporters...
In New Castle, PA, a four-story facility has been proposed at the site of the former Lockley Manufacturing building. The Planning Commission listened to a presentation for the proposed 119,050-square-foot facility to go in at 306-310 Grove St. Asset Realty &...
A new self-storage facility is coming to the site of the former Babies R Us building northwest of Academy Boulevard and Platte Avenue in Colorado Springs, CO. The building will be remodeled into a climate-controlled, interior self-storage facility. Also, new exterior...
SecureSpace Self Storage company in Walnut Creek, CA bought an old industrial and commercial building of 89,500 square feet at 2700 Mitchell Drive in the Shadelands district for about $14.3 million. It will be demolished and replaced by a new microbrewery and a...
Skinner Bros. Realty and The Silverfield Group developed an 82,000-square-foot CubeSmart facility in Wildlight, a master-planned development near Yulee in Nassau County in Florida. CubeSmart, the first self-storage facility in Wildlight, has 550 climate-controlled...
The Township Board of Adjustment in Brick Township, NJ rejected a plan to build a self-storage facility between two rows of houses at 345 Drum Point Road. It was the third hearing for the application from Del Corp Holdings LLC. The developer seeks to build nine...
Red Oak Capital Holdings LLC of Grand Rapids, MI provided $5.5 million in capital for the purchase and conversion of a vacant Kmart store at 360 W. National Road in Englewood, OH. The bridge loan will enable the borrower, United Storage 360 LLC, to buy the property...
The town board voted all in favor to approve a conditional use permit for two 24/7 Menards self-storage facilities on June 22 in Sheboygan, WI. The project is along Vanguard Drive and is based on conditions that were presented in the Plan Commission recommendation....
Inland Private Capital Corp. and Devon Self Storage Holdings announced the delivery of a 799-unit self-storage property in Macon, GA, and a 777-unit property in Kenosha, WI (pictured below). These openings were the fifth and sixth self-storage redevelopment deliveries...
Weatogue, CT-based Bulwark LLC has proposed a 79,200-square-foot facility at 8120 and 8122 Colt Highway in Farmington, CT, aka Route 6. Matthew Morris of Simsbury, CT, applied for a special permit that would enable him to build a four-story building on two parcels...
ICM Asset Management and Meckelborg Financial Group Ltd. have launched the ICM Bluebird Canadian Self Storage Fund. Bluebird Self Storage and StoreWest will be the asset managers. The fund will focus on consolidating and developing mainly Class A assets in Canada’s...
EagleBridge Capital of Boston, MA arranged a construction/permanent mortgage financing of $22 million to pay for a new self-storage facility under construction in Redding, CT. Brian Walsh, EagleBridge senior director, arranged the transaction. The name of the...
Denver, CO-based VanWest Partners purchased an undeveloped lot in the Baker neighborhood and plans to put up a self-storage facility there after buying the 39 S. Kalamath St. and 10 S. Lipan St. parcels from Glendale, CO-based Westside Investment Partners. The site is...
A shuttered elementary school that is more than a century old will soon find new life as a self-storage facility. The Erie Zoning Hearing Board unanimously approved a variance to allow a self-storage facility to operate at the Irving School, 2310 Plum St., east of...
Gateway Ice Center, the last permanent indoor ice rink in California’s Central Valley, may be converted into a self-story facility. San Francisco-based Baco Properties has proposed to convert the Fresno-based facility into storage, expanding its existing facility next...
Five Star Storage finished building a new facility in Rochester, MN, its 34th location overall and second one in that city. It has 500-plus units and about 72,000 rentable square feet. There are oversized units for RVs, boats and trailers. The two-story...
In Florida, the Cape Coral City Council has imposed a nine-month moratorium on accepting applications and giving permits for self-storage facilities, claiming the city has too many. Storage units take up 11% of commercial space in Cape Coral, and city leaders want to...
Diamond Point Development LLC and The Ardent Cos. have opened a new 100% solar powered self-storage facility at 1845 Brookfield Court in Frederick, MD. The developers converted the 100,000-square-foot facility from the the former Frederick Indoor Sports Center. The...
Local self-storage company owners, led by Robert Celico, say a proposed self-storage business in the empty former Staples lot at 16 Post Road in Westerly, RI would put them out of business. They also say it’s not consistent with Westerly’s Comprehensive Plan and is...
Did COVID kill the cinema star? It seems to be the case in the Upper East Side, where the former CMX Cinemas could soon become a storage unit complex. There has been a movie theater on the site since 1991, the latest iteration opening in 2018. After shutting down for...
Versal announced the sale of an entitled and permitted storage development opportunity on 2.29 acres in Santa Clarita, CA to a private investor. Located in Los Angeles County at the corner of Golden Valley Road and Valley Center Drive, the completed facility would...
CrowdStreet, a real estate investment platform, launched an offering for a ground-up development of a self-storage facility in Long Island, NY, called 10 Gordon Drive Self Storage (below). It will have 133,698 square feet across 1,111 climate-controlled units, and be...
