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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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...

BCPStor Development LLC Builds Energy-Efficient Self-Storage Facility in Cranston, RI

Oct 29, 2018

BCPStor Development LLC has built an energy-efficient self-storage project at 950 Phenix Ave. in Cranston, R.I. Completed in July, the facility features insulated metal panels (IMPs) on two buildings and a rooftop solar-panel system on its three...

Augusta Storage Opens Georgia Mixed-Use Project Containing Self-Storage, Retail and More

Oct 26, 2018

Update 10/25/18 – Augusta Storage has opened the self-storage component of its mixed-use project in the former Wrightsboro Plaza shopping center. The redevelopment was completed shortly after the center’s last tenant, Dollar General...

What It Takes to Be Successful With a Self-Storage Conversion Project

Oct 26, 2018

When developing self-storage, a conversion project can offer significant advantages over new construction—under the right conditions. Learn what makes a good conversion property as well as what to do to ensure project success.

New Orleans Experiences Self-Storage Development Boom

Oct 25, 2018

New Orleans is experiencing a flurry of self-storage development, with at least 16 projects underway comprising more than 1 million square feet of new storage. The construction activity is in line with what many other large cities with unmet...

Metro Development Self-Storage Proposal Stirs Controversy in Philadelphia

Oct 23, 2018

Self-storage acquisition and development firm Metro Development Co. is facing controversy over its plan to build a six-story facility near the new $10 million Rail Park and several apartment buildings in Philadelphia. The zoning board of...

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