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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Rogersville, TN, Bans New Self-Storage Development Along Main Street

Feb 11, 2019

In its intent to preserve the city’s historic ambiance, the Rogersville, Tenn., City Council unanimously voted this week to move forward with an ordinance that would ban indoor self-storage developments along a majority of Main Street. The order...

ISS World Expo Speaker Spotlight: Mike Castleman to Share Self-Storage Investor Insight

Feb 06, 2019

Jim Ross of “The Self-Storage Show,” a YouTube channel tackling industry topics, recently interviewed several seminar speakers for the Inside Self-Storage World Expo, April 1-4, in Las Vegas. In this video, he talks with Mike Castleman, owner of...

NorthPoint Development Launches Multi-Facility Initiative for Beyond Self Storage

Feb 06, 2019

Update 2/6/19 – NorthPoint Development has opened its third location in the Pittsburgh area and 10th property overall. The Beyond Self Storage property at 512 Castle Shannon Blvd. in Mt Lebanon, Pa., began operating on Jan. 17. The climate...

U-Haul Acquires 13 Kmart, Sears Stores for Self-Storage, Truck-Rental Conversions

Feb 06, 2019

Update 2/6/19 – U-Haul has closed on its acquisitions of former Kmart properties in Springfield and Queensbury. Both self-storage conversion projects are expected to begin shortly...

Vancouver, WA, Places Moratorium on Self-Storage Development

Jan 31, 2019

Update 1/31/19 – The six-month moratorium on self-storage development in Vancouver, Wash., will likely extend into fall or winter, according to Snodgrass, who briefed the council about the proposed work plan during a public hearing on Monday. The...

Joint Venture Sues Tampa, FL, Over Rejection of Mixed-Used Project Containing Self-Storage

Jan 29, 2019

Update 1/29/19 – Bluetiger Properties, the joint venture between Framework Group and MTC, is suing the city of Tampa after the city council rejected its Meridian Avenue mixed-use project. Officials and residents were largely opposed to the self...

Jernigan Capital Seeks Foreclosure Against Partners on Miami Self-Storage Project

Jan 29, 2019

Jernigan Capital Inc. (JCAP), a merchant bank and advisory firm serving the self-storage industry, has filed a lawsuit against its partners on a construction project in Miami. The $17.7 million suit, filed by investment affiliate Jernigan Capital...

5 ISS Store Products That Can Help You Predict Self-Storage Success

Jan 25, 2019

You don’t have to have psychic powers to accurately predict the future. Here are five products that can help you eliminate guesswork and control the outcome of your self-storage operation.

Self-Storage Expansion Approved in Bellevue, NE

Jan 17, 2019

Update 1/16/19 – The proposal to expand Milt’s Mini Storage in Bellevue was unanimously approved by the city council on Monday after the owner agreed to several concessions to appease residents. Some homeowners expressed concerns that the facility...

StorageMart Takes Big Refi for Existing Self-Storage Properties, Development and Cash-Out

Jan 16, 2019

StorageMart, which operates more than 200 self-storage properties across Canada, the United Kingdom and the United States, is refinancing a large portion of its portfolio in an effort to direct money toward development and expansion as well as to...

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