The South Florida city of Margate won’t allow any new self-storage facilities to open within its borders. “We have nine in nine square miles,” Vice Mayor Arlene Schwartz told the South Florida Sun-Sentinel. “I think we have enough.” And Commissioner Anthony Caggiano added, “We should be a place where people and business move in, not…
There will be a delay of approvals for new self-storage facilities for at least one year in Federal Way, WA. The City Council has imposed a one-year moratorium on expanding or creating new facilities so that planners have more time to study the requests and consult with other jurisdictions to see how they have handled…
Jernigan Capital Inc. has closed a $9 million investment in Orlando, FL, for a 779-unit self-storage facility. The Memphis, TN, company provides debt and equity capital to private developers, owners and operators of self-storage facilities. Dean Road Self-Storage and Cassaforte LLC of Orlando are developing the project, which will have 77,000 square feet. Construction begins…
The former Herald-Sun building in Durham, NC, will be converted into self-storage units and office space. Durham-based Ticon Properties bought the former newspaper site at 2828 Pickett Road more than one year ago. The building is 27 years old. The newspaper moved to an office building near Northgate Mall in 2015. Ticon plans to 70,000…
Advantage Self Storage of Louisville, CO, already has 11 locations in Colorado, Maryland, New York and Massachusetts. Now, as part of its new business partnership with Farrell Storage of Bridgehampton, NY, it’s opened a 112,000-square-foot self-storage facility at 1184 SR 112 in Port Jefferson Station, in the town of Medford on New York’s Long Island….
The Dymon Group of Companies, which plans to build 80 self-storage sites in the Greater Toronto Area within 10 years, said that one of the first to be built will be the world’s largest self-storage facility. It will have 3,000 storage lockers, according to Stephen Creighton, senior vice president. The facility also will include offices…
Want some wine with your whine about how hard it is to move your heavy furniture? Now open in Miami’s South Beach area: SoBe Wine & Self Storage, a three-story building that not only has 1,000 storage units, but 140 of them are temperature-controlled wine rooms protected behind a biometric lock. Developers Ken Edelman and…
GreenSpace Holdings LLC broke ground July 28 on a 1,017-unit self-storage facility at 2515 Westminster Road in Pearland, TX, a suburb of Houston, where the buyer is based. (Pictured above) The Class A facility will offer 95,565 square feet of rental space in three stories. CubeSmart will operate the facility, which will utilize GreenSpace’s patent-pending design…
An Extra Space Storage facility is coming to a mixed-use project in Atlanta. Johnson Development Associates wants to build a five-story, 875-unit, 112,448-square-foot facility at 1299 Northside Drive. The company said it may spend $6.75 million on the project, slated for the West Midtown area and within walking distance of Atlantic Station. It will part of a…
Undaunted by nearby competition and motivated by Denver’s fast-growing population, Edgemark Development is building several self-storage facilities in the Mile High City. On June 30, Edgemark opened its second site here on June 30, a 100,000-square-foot facility that contains 726 units. It’s inside the City of Glendale, a small enclave known for a world-class rugby…
