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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.

Self-Storage Project for Lower Pottsgrove, PA, Receives Preliminary Approval After 7 Years

Oct 27, 2021

Update 10/27/21 – After seven years of proposal adjustments, GEG Investments appears to finally be on a positive path to getting its self-storage project approved on the 1400 block on North Charlotte Street in Lower Pottsgrove. The planning...

Vermilion, OH, Voters to Decide on Self-Storage Ban Along Liberty Avenue Corridor

Oct 26, 2021

Vermilion, Ohio, residents will have an opportunity to stop self-storage development along Liberty Avenue as one of several charter amendments up for consideration on the Nov. 2 ballot. The self-storage item was allowed to be part of a citywide...

Camarillo, CA, City Council Passes 45-Day Moratorium on Self-Storage Applications

Oct 26, 2021

The Camarillo, California, City Council passed a 45-day moratorium on applications for new self-storage projects on Oct. 13 to give city staff time to “study the potential impacts of this development trend.” After receiving an uptick in inquiries...

Concord Wilshire, Summit Investment Launch Fund to Buy, Build 40 Self-Storage Facilities by 2025

Oct 15, 2021

Los Angeles-based real estate developer Concord Wilshire Cos. has partnered with Denver-based private-investment firm Summit Investment Management LLC to pursue self-storage acquisitions and developments. The $480 million Concord-Summit Fund-1...

Can’t-Ignore Factors to Self-Storage Site Evaluation: Market Supply, Zoning and More

Oct 14, 2021

Land for self-storage development is scarce and sellers hold all the cards. This can lead owners and builders to bad investment decisions. The author provides advice on two critical aspects of site evaluation: market supply and zoning restrictions.

Land Ho! Discovering a Suitable Parcel on Which to Build a Self-Storage Facility

Oct 12, 2021

After a brief, pandemic-induced hiccup, self-storage development continues its forward momentum—but not without impediments. The cost of raw materials is on the rise and orders can take longer to ship, plus there are labor shortages. These issues...

Self-Storage Development and Zoning Activity: December 2020

Oct 11, 2021

Update 10/11/21 – The DealPoint Merrill self-storage project planned for W. 130th Street in Parma Heights, Ohio, which was previously rejected by the city council, will move forward after all. After negotiations, it was decided the developer will...

Self-Storage Development and Zoning Activity: July 2019

Oct 11, 2021

Update 10/11/21 – Denver-based real estate development firm Southwestern Property Corp. has completed its conversion of the 157,000-square-foot former JCPenney store at what was Metrocenter Mall in Phoenix. The self-storage facility is now managed...

Storefriendly Opens Hong Kong’s First Self-Owned Self-Storage Facility

Oct 07, 2021

Asia-based Storefriendly Self Storage Group has opened a new facility in the Kwun Tong district of Hong Kong. It’s the first self-storage company in the region to own rather than lease the building in which it operates. Storefriendly purchased the...

No Politics Here! Just a Tour of Construction in Progress at Presidential Storage in Covington, LA

Oct 06, 2021

Shakespeare once asked, “What’s in a name?” In self-storage, a facility name can accomplish quite a bit, setting the tone for branding and sealing the deal on a creative design theme. Such is the case at Presidential Storage, which is under...