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.

Owner of Bacon Self Storage in St. Augustine, FL, Seeks to Add Treehouse Hotel

Oct 28, 2020

Jim Bacon, owner of Bacon Self Storage in St. Augustine, Fla., is seeking zoning approval to build a hotel in the wooded area behind his recently opened facility. Plans for Air Tree Inn at 1700 Wildwood Drive include 30 treehouse units connected...

Mayfield Heights, OH, City Council Approves Preliminary Site Plan for Self-Storage Project

Oct 27, 2020

Update 10/27/20 – The Mayfield Heights City Council gave preliminary approval to a new site plan for Molchan’s self-storage project on Golden Gate Boulevard. Though the developer received variances in early 2019 to include the existing 28,000...

Middleburg Heights, Ohio, Freezes Self-Storage Development for Six Months

Oct 27, 2020

The Middleburg Heights, Ohio, City Council has enacted a six-month moratorium on new self-storage development. The Oct. 13 unanimous vote means the city won’t accept or process applications for new storage projects, according to the source...

Self-Storage Development and Zoning Activity: October 2020

Oct 23, 2020

Update 10/23/20 – The global self-storage development pipeline continues to be extremely dynamic. Inside Self-Storage regularly covers new projects being planned and approved as well as zoning and other municipal issues. Following is additional...

Moorfield Group Partners With Stor-Age/Storage King to Amass UK Self-Storage Portfolio

Oct 22, 2020

London-based real estate fund manager Moorfield Group has formed a £100 million joint venture with Stor-Age Property REIT, a real estate investment trust that operates self-storage in South Africa and the United Kingdom, to expand Stor-Age’s...

8 Self-Storage Development Tips to Ensure Long-Term Facility Success

Oct 21, 2020

There’s a lot to contemplate when planning a new self-storage development. Every decision you make will impact future revenue. Here are eight tips to consider that may help you create a profitable, successful facility, now and into the future.

Irish Self-Storage Operator Nesta Expands Dublin Facilities

Oct 19, 2020

Update 10/19/20 – Nesta has acquired the former headquarters of car-parts distributor Team PR Reilly, which it intends to convert into its fifth self-storage location in the Dublin market. The €6 million project in Kilbarrack will comprise more...

Self Storage India Expands Gurugram Location

Oct 12, 2020

Self Storage India, which operates two facilities in India and is building six more, has expanded its location in Gurugram, Haryana, which is the company’s flagship site. Located in the Udyog Vihar industrial estate, the property is adjacent to a...

Office Building to Become Arthur’s Self-Storage Facility in Branchburg, NJ

Oct 09, 2020

Update 10/9/20 – Cyzner Properties will seek zoning approval from Branchburg officials this month to build a new self-storage facility at 3421 Route 22 E. rather than convert the existing 40-year-old office building. Once the interior of the...

5 Costly Snares to Avoid When Developing a Ground-Up Self-Storage Project

Oct 09, 2020

Self-storage development can be lucrative and fulfilling, but a lot can go wrong along the way. Learn about five costly pitfalls that can cause major project setbacks and headaches.

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