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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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...

Worried About New Self-Storage Development? Don’t Despair

Jan 16, 2019

A self-storage veteran offers his take on new development and its effect on the overall market. Find out why it’s still a good time to build, where to do it and what to expect during this exciting construction boom.

Dymon Storage Continues Toronto Self-Storage Expansion Plan

Jan 14, 2019

Update 1/14/19 – Dymon Storage has proposed a mixed-use development featuring self-storage, office and retail space for 850 York Mills in Toronto. The nine-story structure would comprise 32,899 square meters of self-storage largely surrounded by...

Self-Storage Special-Use Permit Approved in Buda, TX

Jan 14, 2019

Update 1/14/19 – Capella Capital Partners has opened its multi-story self-storage facility in Buda at 1190 W. Goforth Road. It features climate-controlled and traditional units. The property will be managed by self-storage real estate investment...

'Net-Zero Energy' Self-Storage Facility Receives LEED Certification in Austin, TX

Jan 09, 2019

Update 1/9/19 – The CubeSmart-managed facility on East Ben White Boulevard in Austin, Texas, has received LEED Platinum Certification. The property earned more points under the LEED v4 O+M: Warehouses and Distribution Centers rating system than...

Self-Storage Data & Mapping Solutions Adds New Features, Upgrades for 2019

Jan 08, 2019

Self-Storage Data & Mapping Solutions (SSDMS), a cloud-based self-storage tracking service launched in 2017 by marketing company Pac-Comm, has added several new features and upgraded others for 2019. New features include bi-monthly supply updates...

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