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 12/24/18 – The first floor of Jernigan’s three-story CubeSmart facility has opened. A small parking lot and loading dock at 1838 Washington Blvd. are also finished. Once complete, the building will offer 1,000 storage units, according to a...
Update 12/21/18 – Big Yellow has received approval for a mixed-use project in Battersea that will include a 72,000-square-foot self-storage facility, 168 housing units and 18,500 square feet of artist-studio, office and retail space. The company’s...
Update 12/21/18 – Uovo has revealed additional details on its Brooklyn self-storage conversion project. The property at 105 Evergreen Ave. was acquired for $47 million, with total project costs expected to be about $76 million. Construction will...
Update 12/21/18 – Titan has opened another Extra Space self-storage facility in New Mexico. The two-building property at Corrales Road and Highway 528 in Rio Rancho comprises 88,032 square feet. It’s the second asset to be completed through Titan...
Update 12/20/18 – MCSS has completed construction on its self-storage facility in Davie. The University Drive location is the company’s 10th in South Florida. It comprises 90,000 square feet in 1,055 climate-controlled units, according to a press...
Diamond Point Development LLC will break ground on two multi-story, climate-controlled, 700-unit self-storage facilities in Georgia during the first half of 2019. The projects are being developed in a joint-venture equity partnership with Castle...
Hampshire Real Estate Cos., a private real estate investment firm and self-storage operator, has opened two new facilities near Philadelphia, totaling more than 200,000 square feet of space. They’re the company’s 32nd and 33rd self-storage...
Real estate development company Atlantic SBS LLC has opened South Broad Storage in Chattanooga, Tenn. The property at 2430 Cowart St. comprises 35,720 square feet of rentable storage space in 332 climate-controlled units, according to a press...
One of the most convenient ways to stay current with self-storage trends and boost your professional development is with Inside Self-Storage Guidebooks. The 2019 Series covers all aspects of the business. Created for facility owners, managers...
