Category: Development News

Atlantic Self Storage Celebrates 54th Location Opening in Jacksonville, FL

Atlantic Self Storage announced the opening of its 54th location, a four-story storage facility, Yellow Bluff; located at 12357 Yellow Bluff Rd, Jacksonville, FL, 32226. Atlantic Self Storage has been a local family-owned and operated company for over 40 years and has grown to be an important part of the First Coast community; partnering with numerous non-profits, schools, and major sports teams. “We are excited to open our 54th location in the expanding Northside of Jacksonville on Yellow Bluff. Our new 4-story, class A facility will offer 72,000 net rentable…

SecureSpace Announces Opening of New Self-Storage Facility in San Jose, CA

SecureSpace Self Storage announced the grand opening of a new self-storage facility, SecureSpace San Jose Winfield, located in and serving the city of San Jose, California. The newly-built Class A facility is strategically located at 5775 Winfield Boulevard and offers 67,570 square feet of 100% climate-controlled self-storage space with units ranging from 5’x5′ to 10’x30′. The facility sits in a densely populated area of 189,000 people within a three-mile radius, with a high median income of $161,000. The area has limited competition to serve these residents, with a three-mile self-storage…

Hernandez Development and XSITE Real Estate Receive Planning and Zoning Approval on Class-A Self Storage Facility in Deer Park (Lake County), IL

Hernandez Development and XSITE Real Estate have announced the approval from the Planning and Zoning Department for a Class A Self-Storage facility and mixed-use development situated in the thriving Village of Deer Park, IL. Upon completion of construction, this project will feature a Class A climate-controlled self-storage facility, a retail multi-tenant building, and a dedicated drive-thru-only for Scooter’s Coffee. The total square footage of the self-storage facility will be 120,000. The development is located on N Rand Road. With a daily volume of 44,900 vehicles per day, Rand Road is…

Diamond Point Development, LLC Announces the Ground-Breaking of a New, State-of-the-Art Self-Storage Facility in Carmel, NY

Diamond Point Development, LLC (DPD) has announced that on September 30, 2024, they will break ground on a new, state-of-the-art 105,405 square foot multi-story, secure, climate-controlled self-storage facility at 106 U.S. 6, in Mahopac, New York (the hamlet Mahopac is a part of the Town of Carmel). The expected opening date is in the 4th quarter of 2025. For information, visit DiamondPointDevelopment.com. “This site was the former home of Mahopac Farms, a beloved institution in the Carmel community that once supported a playhouse, a museum and a petting zoo,” explains…

San Antonio RV and Boat Storage Expands Services with U-Haul Trailer Rentals in San Antonio, TX

San Antonio RV and Boat Storage is excited to announce the newest addition to its comprehensive range of services: U-Haul trailer rentals. This expansion offers customers greater convenience and flexibility, whether they’re moving, towing, or transporting vehicles, with access to U-Haul’s trusted and versatile fleet. Located between Potranco Road and Culebra Road, San Antonio RV and Boat Storage continues to provide premier storage solutions, including RV storage, boat storage, and self-storage units. Known for its secure and spacious facility, the company has become a top choice for residents of Alamo…

Investment Firm North Palisade Partners LLC Plans to Spend $400 Million on Self-Storage Properties in Los Angeles (CA), D.C. and Seattle (WA)

Downtown-based industrial development and investment firm North Palisade Partners LLC has expanded its self-storage platform with plans to spend $400 million of capital on self-storage properties over the next 36 months. The company will start by acquiring existing facilities and later doing ground-up developments. It is targeting assets in undersupplied areas with dense populations such as Los Angeles, D.C. and Seattle. Previously, North Palisade only owned two self-storage properties – one 109,000-square-foot building featuring 1,530 units and one 215,000-square-foot building featuring 3,010 units – both in Huntington Park. The company’s…

10 Federal Raises $25 Million in First Closing for Opportunistic Offering in Dripping Springs, TX and Charlotte, NC

10 Federal, a leading innovator in the self-storage industry, is proud to announce key milestones that highlight the company’s continued growth and leadership in the sector. In the first closing of its Opportunistic Offering, 10 Federal raised $25 million in equity, equity commitments, and mezz equity during the third quarter of 2024. The funding was led by Essentia Capital Partners, an investment advisory firm serving HNWIs and RIAs. This offering focuses on ground-up development deals, primarily targeting multi-story, Class-A properties. The funds from this first closing will be allocated to…

New self-storage facility coming to Fischer Road in Sharpsburg, GA

A new self-storage facility is on its way to Fischer Road. The development will be next to the Costco at the Fischer Road and Highway 34 intersection. According to the development plans, the storage facility will be three stories tall and will have approximately 800 units. The building will be 98,700 square feet, with 32,900 square feet on each floor. Cathy Wickey, Coweta County’s communications manager, said a height variance was granted to the development by the Board of Commissioners. The county’s ordinances allow a maximum of 34 feet and…

Hernandez Development Opens New Self-Storage in Carol Stream, IL

Hernandez Development has unveiled a new Class A self-storage facility in Carol Stream, Illinois. The development is set on a 2.71-acre site along North Avenue, bringing much-needed climate-controlled storage solutions to the area. The new facility will feature a modern three-story building along with an additional one-story structure, offering a combined 72,860 net rentable square feet. Designed to meet the diverse storage needs of the community, the facility will house 638 climate-controlled and non-climate-controlled storage units, including 50 premium drive-up units, providing easy access and optimal protection for stored items.…

LaTerra Development Retains its Site to Build First in Area Self Storage Facility in Irving, TX

H-E-B, the highly sought-after Texas grocer, is building a supermarket in the popular Las Colinas area of Irving on a site at Interstate 635 and Olympus Boulevard purchased from LaTerra Development, a leading real estate investment and development company. LaTerra will build 161,000 square feet of self-storage adjacent to the H-E-B store on seven acres that it retains of the 19.5-acre property, a long-shuttered Fry’s Electronics site. LaTerra plans to repurpose the former Fry’s Store into a 161,250-square-foot Self Storage facility with construction slated to begin later this year. The…