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

Dymon Storage Continues Toronto Self-Storage Expansion Plan

Jun 21, 2018

Update 6/21/18 – Dymon Storage continues its aggressive expansion into the Greater Toronto Area (GTA). Three self-storage projects...

Marshalltown, IA, Officials Debate Use of TIF to Aid Self-Storage Expansion

Jun 21, 2018

Marshalltown, Iowa, officials are considering an expansion of the town’s Urban Renewal Plan (URP) for Area...

Former Birmingham, AL, News Building to Be Converted to Self-Storage

Jun 21, 2018

News Properties LLC has purchased a Birmingham, Ala., building for $1.5 million that it intends to convert to...

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Wasatch to Convert Rochester, MN, Furniture Center to Self-Storage

Jun 20, 2018

Real estate developer and investor Wasatch Storage Partners (WSP) plans to purchase the Trade Mart Furniture Center in Rochester, Minn., and convert the building to climate-controlled self-storage. The company filed an application with the city...

Cascade NW Self Storage Opens in Arlington, WA

Jun 20, 2018

A joint venture between West Coast Self-Storage Group (WCSSG) and 172nd Holdings LLC has opened Cascade NW Self Storage in Arlington, Wash. The facility at 4125 172nd St. N.E. comprises 57,784 rentable square feet in 562 units. The property offers...

Houston YMCA to Become Self-Storage Facility and Gym

Jun 19, 2018

Real estate developer Jerome Karam has acquired the former Cossaboom Family YMCA in Houston, with the intent to convert it into a mixed-use project including a gym and self-storage facility. Maxx Fitness would comprise up to 38,000 square feet...

Commercial Self Storage Owners Expand by 5 Facilities in Indiana and Ohio

Jun 19, 2018

Eight years after launching Commercial Self Storage in Indianapolis, which offers storage space designed for business-related customers, owners Jim and Theresa Sapp are expanding. The couple opened two new facilities in Columbus and Greenwood...

Phillips Development & Realty to Build New Self-Storage in Kansas City, KS

Jun 19, 2018

Phillips Development & Realty LLC (PDR) is developing a five-story self-storage facility in Kansas City, Kan., it’s...

Young Group Conquers Controversy to Open Sterling, VA, Self-Storage Facility

Jun 19, 2018

Update 6/18/18 – After much debate over its development in Sterling, Va., The Young Group celebrated the grand opening of...

Yonkers, NY, Approves Mixed-Use Complex, Self-Storage in Retail Corridors

Jun 18, 2018

Update 6/18/18 – The Yonkers City Council has approved a provision that will allow self-storage into its retail corridors...

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