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.

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Ziff Properties Converts Lexington, KY, Warehouse to Self-Storage

Nov 02, 2018

Real estate developer Ziff Properties Inc. has acquired the former Golden Burley Tobacco Warehouse in downtown Lexington, Ky., which it intends to convert to self-storage. The 3.5-acre property at 574 Angliana Ave. is just over a mile from the...

Metro Storage Develops Self-Storage Facility in South Brunswick, NJ

Nov 02, 2018

Metro Storage LLC, which operates more than 135 self-storage properties in 14 states, has purchased land in South Brunswick, N.J., on which it plans to build a self-storage facility. Once complete, it’ll be the company’s 10th location...

Hampshire Cos. Opens Extra Space Self-Storage in Millburn, NJ

Nov 01, 2018

Hampshire Real Estate Cos., a private real estate investment firm and self-storage operator, has opened a three-story Extra Space Storage facility in Millburn, N.J. It’s Hampshire’s 30th development in six years, according to a press...

Self-Storage Could Replace Denny’s Restaurant in Clearwater, FL

Oct 31, 2018

The Clearwater, Fla., City Council appears to favor granting a zoning exception to property owner Savelle Clearwater Countryside LLC that would allow self-storage to be developed on the site of a former Denny’s restaurant. The move is...

Joint Venture Led by The Natchez Group Develops 2 Tennessee Self-Storage Projects

Oct 31, 2018

Update 10/31/18 – The Natchez Group and AREP Natchez Sobro Storage LLC have opened SoBro Self Storage in Nashville, Tenn. The facility comprises 19,088 square feet in 213 climate-controlled units. Funding was provided by First Bank, according to a...

The Natchez Group Plans to Build 3-Story Self-Storage Facility in Spring Hill, TN

Oct 31, 2018

Update 10/31/18 – The Natchez Group has opened Highway 31 Storage in Thompson Station, Tenn. The property at 4792 Columbia Ave. comprises 55,000 net rentable square feet in 492 climate-controlled units...

Construction to Begin on Gastonia Self-Storage in North Carolina

Oct 30, 2018

Construction will soon begin on Gastonia Self-Storage in Gastonia, N.C. The three-story, 100,000-square-foot facility will be on the northeast corner of Gaston Day School and Hoffman Roads, near existing restaurants and retail stores. The $8.83...

Midwest Self-Storage Development Eyes Supermarket Conversion in Gary, IN

Oct 30, 2018

A former Ultra Foods grocery store in Gary, Ind., could be converted to self-storage. Midwest Self-Storage Development LLC intends to transform the 69,000-square-foot retail property on Ridge Road. The retail property includes a Menards home...

Lock Stock Self-Storage of Wales to Triple Size of Wrexham Site

Oct 30, 2018

Lock Stock Self-Storage, which operates 18 container-based self-storage facilities in Wales, plans to triple the capacity of its location on Ruabon Road in Wrexham. The site will grow from 60 units to 180...

All Storage Opens New Self-Storage Facility in Aledo, TX

Oct 29, 2018

All Storage, which operates 42 self-storage facilities in Oklahoma and Texas, will open a new location in Aledo, Texas, on Nov. 2. The property at 8550 E. I-20 is near Walsh Ranch, a 7,000-acre development that’s expected to bring an influx...

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