Dallas-Fort Worth based All Storage Self Storage is currently developing eight facilities totaling two million square feet in the Metroplex area. Three of the facilities are already under construction, the remaining properties have obtained the necessary approvals. The pipeline is located as follows: W Sublett Rd and Hwy 287, Arlington TX, 200,000 square feet Firewheel…
Some industry observers warn of potential overbuilding within the self-storage industry, but Dean Jernigan is confident that the development cycle is still in the middle-innings. “We’re just past the midpoint of this development cycle, in the fifth or sixth inning,” said Jernigan, CEO of Memphis, TN-based Jernigan Capital, during the company’s quarterly conference call with…
The pace of new self-storage developments is on the rise, and as a result we present the Roll Up in a new, quicker-to-read format. If you have a development to report please send press releases to editor@sparefoot.com. In addition you can submit details using this form to add your project to the crowdsourced development map created…
Phoenix-based Wentworth Storage Company purchased an 11-acre site at 17492 N. 91st Street in North Scottsdale, AZ where it plans to build a 120,000-square-foot self-storage facility. Wentworth purchased the land with its development partner, Crow Holdings, for $4.35 million. Construction is expected to start in the second quarter and be completed by the first quarter…
Dallas, TX-based Leon Capital Group has completed construction of its first self-storage development project—a 77,855-square-foot facility at 215 N. A.W. Grimes Boulevard in Round Rock, TX. “We’re extremely pleased with quality of design, construction and the location of the Round Rock facility,” said Jake Walker, managing director. The three-story facility (pictured above) will be managed…
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…
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…
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…
The owners and operators of a firehouse-themed storage facility are building a second, and even-bigger facility in Longmont, CO. Owned and operated by Chris and Barbi Burton, the second FireHouse Self Storage will be built on a 43.5 acre parcel at SEC Airport Road and Rogers Road in Longmont, CO. Under the name Airport Road Self…
Fast-growing Denver has many self-storage facilities in place — but there’s still room for more, according to a new joint venture that plans to spend about $40 million to build three such buildings in the metro Denver area this year. “While Denver, as a whole, is pretty well-supplied, we felt there were still some projects…
