Category: Development News

NexPoint Storage V Offering Includes Two Class-A, Generation-V Storage Facilities in Baltimore MSA and Fort Myers/Cape Coral MSA NexPoint, a multibillion-dollar alternative investment firm, recently announced the launch of NexPoint Storage V DST, a Delaware Statutory Trust (“DST”) offering. The offering includes two Generation-V (“GenV”), Class-A storage facilities located in Cape Coral, Florida, and Dundalk, Maryland. Both facilities will be managed by the industry-leading team at Extra Space Storage. The properties included in the offering are situated in the Baltimore-Columbia-Towson, Maryland and Cape Coral-Fort Meyers, Florida metropolitan statistical areas (“MSAs”).…

With only member Donald Sweeney voting against it, Chimney Rock Self Storage received township zoning board approval on June 11 with a vote of 6-to-1 for a 103,887-square-foot facility on a hillside property on Route 22. Through several board meetings, the applicant downsized the proposed building from 129,897 square feet and added additional stormwater management features and extensive landscaping to the site to answer board and resident concerns. The existing former office building on the site is dilapidated, said board member Bruce Bongiorno. Board member Andrew Fresco said he would…

Megacenter Memorial expands its storage options in Houston to meet growing demand, offering flexible leases and secure, climate-controlled units. Megacenter Memorial, a provider of self-storage units in Houston, Texas, has increased its storage capacity to address the region’s rising demand for storage solutions. Located strategically near major hubs like Memorial City Mall, City Centre, and the Energy Corridor, Megacenter Memorial is well-placed to serve the storage needs of Houston’s residential and commercial clients. The facility offers a variety of storage unit sizes, from small lockers for personal items to large…

Development along Bowling Green’s bustling Lovers Lane corridor, already diverse as medical facilities, banks, restaurants, apartments and hotels have cropped up, should soon add another element: self storage. A three-acre parcel next door to J.C. Kirby & Son Funeral Home and near the Traditions residential community is expected to soon be home to a three-story, climate-controlled indoor self-storage facility along with a separate multi-tenant commercial building after action taken at the June 6 City-County Planning Commission of Warren County meeting. Developer Andy Shultz of The Koin Group LLC and property…

The newest Metro Self Storage facility opens in Eagan, Minnesota; a three-story, 100% climate-controlled facility with 686 units. Metro Storage LLC announced today the opening of a newly constructed state-of-the-art storage facility in Eagan, Minnesota, a high-end suburb of the Twin Cities. The three-story, 100% climate-controlled self-storage facility offers 686 units encompassing 80,600 rentable square feet (RSF) and features an enclosed, heated, drive-thru space designed to accommodate tenants during Minnesota’s harsh winters. The new Eagan storage facility is located at 3150 Dodd Road, a highly trafficked thoroughfare in an area…

Scheduled for a 2026 grand opening, U-Haul of Ridgefield will offer 850 indoor climate-controlled storage rooms The official “Birthplace of U-Haul” will finally be welcoming its own U-Haul store, eight decades after the Company’s first trailers were made in a milk barn on the Carty Family Ranch in Ridgefield. U-Haul will build a modern retail, moving and self-storage center, as well as a warehouse for U-Box portable storage containers, on a 5.75-acre lot at 17601 NE Union Road. The property was purchased on May 24. U-Haul Moving & Storage of…

U-Haul has acquired the former Saunoris’ Garden Center property at 19600 S. Harlem Ave. in Frankfort to better meet the moving and self-storage needs of Will County. The 6.88-acre property, now U-Haul Moving & Storage of Frankfort Square, was purchased on June 3 and will be the first U-Haul-owned and -operated center in the Village of Frankfort, located 28 miles south of Chicago and conveniently tucked just minutes away from Interstates 80 and 57. Many services will be available starting in August. The location will offer a retail showroom with…

Brand new development of Silo Self Storage is bringing independently-owned and professionally managed self-storage to the city of Holly Springs. The facility, located at 6225 Holly Springs Parkway Holly Springs, GA 30115, is comprised of 636 units totaling 75,075 rentable square feet and is happy to serve the communities of Holly Springs, Hickory Flat, Lebanon, and Sixes. The ownership group has contracted with Absolute Storage Management (Absolute) to provide professional self-storage management services and the facility is officially under Absolute’s management as of 5/10/2024. If you would like to speak…

For more than 40 years, U-Haul has been serving do-it-yourself movers in Hammond at 822 165th St. Today, U-Haul is announcing plans for a new facility to accompany its longtime center to meet the growing needs of the community. U-Box Moving & Storage of Hammond at 6303 Calumet Ave. is scheduled for completion by summer 2026. It will be just one-third of a mile from the existing store. The 2.7-acre property was acquired on May 26. Once the new facility is ready, it will serve as the parent store to…

There’s a new star in town – Southern Star Self Storage, located at 3608 US Hwy. 281 between George West and Three Rivers. Gerald Haddock with Haddock Investments is the new owner, and in just the past two weeks, he has given the facility a new look. To celebrate the opening, a ribbon-cutting ceremony was held on June 5 with support from the George West Chamber of Commerce. The self-storage units have undergone a renovation with new paint, a thorough cleaning, and repairs. The grounds have been cleaned up and…