Category: Development News

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…

Compass Self Storage, a member of the Amsdell family of companies, proudly announces the opening of their brand new state-of-the-art, Class A self-storage center located at 3402 North US-301 in Wildwood, Florida. This location has over 82,000 net rentable square feet and represents the company’s 26th location in the state of Florida. Compass Self Storage has over 100 locations nationwide. The newest Compass Self Storage location offers smart lock units on every unit. Customers can use an app on their smartphone or a key fob to access the smart lock…

SmartStop Self Storage REIT, Inc. has announced the opening of a new storage facility in San Gabriel, California. The three-story building has a total of 78,000 square feet and offers approximately 790 storage units. The facility includes features such as drive-up access, climate control, and video surveillance to ensure the security and convenience of its customers. SmartStop, a self-managed and fully integrated self-storage company, has been experiencing strong growth in its diversified portfolio, particularly in Canada. While the U.S. self-storage industry has faced increased competition due to the pandemic, SmartStop’s…

Inland Private Capital Corporation (IPC), a real estate investment manager, and Devon Self-Storage Holdings, a privately held national storage operator and developer, announced the delivery of a 731-unit self-storage property located in Springfield, Missouri. The opening marks the ninth self-storage redevelopment delivery on behalf of an affiliate of IPC. Located close to downtown Springfield and Missouri State University’s campus, the former newspaper processing facility was converted into approximately 81,500 square feet of state-of-the-art, class-A self-storage. To date, IPC’s self-storage portfolio includes 179 properties across 30 states. “We are thrilled to…

Developer Wedgewood Avenue recently received MPC approval for what could be the only asset type of its kind in the East Bank. Metro council voted to approve an SP that would permit a Class A Climate Controlled 5-story self-service storage facility at 304 Oldham Street. Entitling land for self-storage on prime corridors in Nashville has proven to be extremely difficult given the city’s preference for housing. However, this particular site’s location at the end of a cul-de-sac and among Nashville’s “Spaghetti Junction” interstate infrastructure make it ideal for this asset…

Self Storage Plus, a leading provider of storage solutions in the Mid-Atlantic, is pleased to announce expansion of its management services into Virginia Beach. The facility marks the 68th property managed by Self Storage Plus and the first self-storage facility for Bonaventure. “We are excited to work with the Bonaventure team to bring Class-A storage solutions to the Virginia Beach area,” said Jennifer Martinez, Director of Operations for Self Storage Plus. “We look forward to providing the same excellent customer service and experience that has been the hallmark of our…