Category: Development News

Colliers Arranges Financing on Midtown Office-to-Storage Project in New York, NY

Colliers has arranged $50.2 million of construction financing and $17.3 million of limited-partner equity for the redevelopment of 152 W. 36th St. in Midtown Manhattan. The developer, a joint venture between Flatiron Equities and Mequity Companies, will convert the eight-story office building into a 16-story self-storage facility. The new development will be operated by Manhattan Mini Storage. The Colliers team was led by Dylan Kane, Zach Redding, Peter Nicoletti and Jared King of the New York Capital Markets group. The debt was provided by Elsee Partners and the equity was…

U-Haul Expanding, Renovating Self-Storage Facility in Palencia area of St. Johns County, FL

The project comprises 134,126 square feet of improvements at the 12-acre site. The proposed development is at 6810 U.S. 1 N. at northeast U.S. 1. and Stokes Landing Road. It is about a half-mile north of King’s Head Pub. The proposed use for the 12.42-acre site is a self-storage and rental facility for relocation. The project comprises the renovation of an existing U-Haul rental building, the construction of a three-story, 117,114-square-foot self-storage building and the construction of a one-story 17,012-square-foot-warehouse. In addition to the proposed buildings, an RV/trailer long-term storage…

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…