Development

The development of a self-storage facility generally begins with a comprehensive market analysis of the proposed project area, followed by assembling a strong team, and working with municipalities to meet zoning, design and code requirements. Owners might consider a multi-story building to maximize their footprint, or select a mixed-use project to widen their options.

Highlights

Roanoke, VA, Kmart to Be Converted to Self-Storage

Aug 13, 2018

Phoenix Partners LLC received zoning approval last week to convert a former Kmart store in Roanoke, Va., to interior, climate-controlled...

Clifton Without, England, Self-Storage Proposal to Move Forward Despite Resident Opposition

Aug 13, 2018

Plans to build a new McCarthy’s Storage World in Clifton Without, England, were expected to move forward...

Miller-Valentine, Coastal Storage Group Complete 3-Story Extra Space Self-Storage Facility in North Charleston, SC

Aug 13, 2018

Real estate development firm Miller-Valentine Group and self-storage developer Coastal Storage Group have...

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3 Ways to Overcome Self-Storage Zoning Challenges

Aug 13, 2018

Obtaining zoning approval for a self-storage project can be demanding, especially as more cities establish barriers to development. By reviewing zoning codes for opportunities, being flexible on facility design and educating their audience, owners...

Self-Storage Included in Mixed-Use Proposal for Upper Darby, PA

Aug 10, 2018

Update 8/10/18 – Three Upper Darby residents have filed an appeal against the zoning-hearing board for approving the MCBH Drexeline Plaza project on June 28. Donald Fields, Bonnie Hallam and Janice Haman filed the petition on July 27 in...

Merchants Retail Partners to Convert Former FedEx to Self-Storage in Fort Myers, FL

Aug 10, 2018

Merchants Retail Partners LLC (MRP), a development and acquisition-investment platform owned by insurance provider Protective Life Insurance Corp., has purchased a vacant warehouse in Fort Myers, Fla., that it plans to convert to self-storage. The...

Safeguard to Build Plainview, NY, Self-Storage Facility

Aug 09, 2018

Safeguard Self Storage, which operates 75 facilities throughout the eastern states, has acquired land in Plainview, N.Y., on which it intends to build a new facility. The property at 1522 Old Country Road will comprise 60,300 square feet in 757...

Real Estate Development Firm Hines Enters Self-Storage Industry With 3 Phoenix Projects

Aug 09, 2018

Update 8/9/18 – Hines has acquired a 4-acred parcel in Tempe, Ariz., on which it intends to build a 65,275-square-foot...

Storage Sense Opens New Location in Fishers, IN

Aug 09, 2018

Storage Sense, which operates 37 self-storage facilities in 16 states, has opened a new location in Fishers, Ind., its first in...

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