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

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 self-storage. The local...

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...

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...

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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 first in the city. Construction at 510 Southwest Blvd. will begin this month, with completion slated for the second...

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 its new facility at 22125 Davis Drive on June 16. The three-hour event, 10 a.m. to 1 p.m., included a ribbon-cutting...

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...

Groundbreaking Planned for Carl’s White Glove Personal Storage & Wine Vault in Naples, FL

Jun 18, 2018

Planning Development Inc. will break ground next month on Carl’s White Glove Personal Storage & Wine Vault in Naples...

SROA Capital Partnership Opens West Palm Beach, FL, Self-Storage Facility

Jun 15, 2018

Update 6/15/18 – The joint venture between SROA, Live Oak and MacArthur has opened its Storage Rentals of America...

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