DMI Development DMI Development

LSC Development LLC has won a “controversial” zoning case over its plans to build a five-story self-storage facility at 5150 N. Northwest Highway in Chicago’s Jefferson Park neighborhood. The approved plan calls for the demolition of an existing warehouse building on the site, followed by construction of the new facility. Dozens of residents spoke out against…

JCAP markets JCAP markets

As the development cycle kicks into the next gear, Jernigan Capital is rapidly accelerating its self-storage construction loan activity. The company has already closed on $105.6 million in new development investments during the first 60 days of 2017, and has a pipeline of in place of $800 million of additional investments, according to its recently…

newsafeguard newsafeguard

Safeguard Self Storage has completed a new 50,750-square-foot self-storage facility at 1112 East Tremont Street in the Bronx, its 25th facility in New York. The new facility offers 905 units. The facility (pictured at top)  features a drive-in loading area, door alarms and video monitoring among other amenities.  The company has three additional facilities still under…

Nolen Nolen

Orlando-based Liberty Investment Properties has partnered with Osprey Capital to develop a new 92,000-square-foot self-storage facility in downtown St. Petersburg, FL. The group recently broke ground on the 600-unit facility, located on 2nd Avenue North. “Because of Liberty’s prior experience in Pinellas and Hillsborough counties, we are excited to re-enter the downtown market,” said Adam Mikkelson, president…

Metal survey peg with red flag on construction site Metal survey peg with red flag on construction site

As more and more retailers find themselves retreating from brick-and-mortar spaces, self-storage developers are seizing the opportunity to build facilities in prime locations. Supermarkets, office supply, discounters and furniture stores are just a few of the empty big box stores that are getting a second chance as self-storage facilities. Meanwhile developers are bidding up prices…

libertyinvestment libertyinvestment

Orlando, FL-based Liberty Investment Properties is currently building a 90,000-square-foot self-storage facility near the The Mall at Millenia in Orlando. The property will offer a drive-thru bay and 24 hour access. The facility marks the 51st self-storage investment for Liberty, and the ninth Florida facility in its current portfolio. The facility will be managed by…

ranchocordova ranchocordova

Costa Mesa, CA-based North American Self Storage Group have closed on a new development site at 9950 Mills Station Road in Rancho Cordova, CA near Sacramento. The company will convert the former envelope manufacturing facility (pictured at top) into a 97,350-square-foot self-storage facility. Construction is set to begin in March 2017, with an expected opening in September….