Author: Shinil Krishnan

Basis Industrial broke ground for a self-storage facility coming to 2560 Aurora Road. Construction is expected to be completed by fall 2024 now that Basis Industrial has secured a construction loan for $11 million from American Momentum Bank. The self-storage facility will feature 955 climate-controlled units, advanced security systems, and digital access. “Our foundation at Basis Industrial is built on over 100 years of combined experience in real estate development and management,” said Anthony Scavo, president of Basis Industrial. “We’re excited for Melbourne residents to experience our work and utilize…

Indiana-based real estate investment and development company Dunamis Development is focusing on expanding self-storage facilities to provide more accessible self-storage options nationwide. By developing quality projects in self-storage, hospitality, multi-family, office, industrial, medical, and retail sectors of the real estate industry, Dunamis Development is bolstering the real estate industry for its partners, tenants, and local communities. According to Rent Cafe, nearly 21% of U.S. renters are currently leasing a self-storage unit, while an additional 12% are planning to use the service in the future. With multi-family developments continuing to grow…

After discussion of a few details, McCordsville’s plan commission approved the primary plat for a self-storage unit and some office space at the plan commission meeting on Nov. 21. Mike Surak with StorAmerica spoke at the plan committee meeting on the petition describing that the purpose would be to feature two lots on approximately seven acres located at the southeast corner of West Broadway and CR 750 N. Lot 1, located to the back of the acres according to the primary plat, would be 6.04 acres. Surak said that the…

A new self-storage facility and coffeehouse-smoothie bar will promote their businesses with two ribbon-cutting ceremonies next Wednesday. The ribbon-cutting for Cosmic Coffehouse + Smoothie Bar will be held at 282 South Main St. at 10:30 a.m. while the ribbon cutting for Blue Rock Storage Newtown will be held at 12 Commerce Road at 1:30 p.m. The public is invited to attend both events. “Both of these new businesses have been opened in Newtown by a couple of dynamic entrepreneurs who recognize the desire for the particular services they offer,” said…

Inland Private Capital Corp., in partnership with Devon Self Storage, has completed a new self-storage conversion in Springfield, Mo. The 81,500-square-foot, Class A facility marks the ninth redevelopment delivery on behalf of an affiliate of IPC. The building previously served as a newspaper processing facility and the home of The Springfield News-Leader publication since 1933. The property was destroyed by fire in 1947 and then rebuilt. Decades later in 2002, a new printing press was added as an extension. In 2021, the property was sold to be converted into a…