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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.
Update 2/13/20 – Cokaliong Shipping Lines Inc. has opened Storage Town in Cebu. The self-storage facility comprises more than 1,000 units ranging from 1.8 to 90 square meters. The company had reservations for nearly 100 units prior to opening...
Entrepreneurs Rachel Keller and Bruce Nichols are developing Carl’s White Glove Persona Storage & Wine Vault in Naples, Fla. The self-storage facility at 11201 Tamiami Trail E. will specialize in wine storage and “luxury” units. It’ll feature...
Self-storage owner Larry Koland intends to build a $9 million car-condominium facility in Rosemount, Minn. Koland is hopeful he’ll be able to begin construction this spring on the first of three buildings, which would offer about 80 private condos...
Storage Giant Ltd., which operates nine self-storage facilities in the United Kingdom, plans to double its personnel this year to accommodate company growth. The operator has seven new sites under development and plans to add more next year...
Officials in Smithtown, N.Y., are considering whether to restrict future self-storage development to its industrial districts. The proposed change comes amid a comprehensive rewriting of zoning code and the town’s master plan. Self-storage is...
Update 2/10/20 – SurePoint Self Storage has opened its facility in Sugarland, Texas. The general contractor was SBS Construction. The facility will be managed by self-storage real estate investment trust CubeSmart...
There are dozens of important steps that must be taken during the planning and building of a self-storage project. Here are six industry trends that’ll affect decision-making this year as you pursue your next development.
The New Hope, Minn., City Council recently approved a zoning change that limits self-storage development to business-warehouse districts and restricts facilities from commercial and industrial zones. The move was made to encourage uses in...
Mastery of any discipline takes know-how, dedication and diligence. It also takes guidance. That’s why we’ve assembled four new Self-Storage Mastery DVD Sets, offering industry owners, managers, investors and developers insight to digital...
Hutton Co. Inc., a Chattanooga, Tenn.-based commercial real estate, development and investment firm, is set to begin its first two self-storage developments early next year. The company launched its self-storage division in 2019 and will use...