Category: Development News

West Coast Self-Storage Opens New Storage Facitiy in Palm Springs, CA

West Coast Self-Storage is excited to announce the opening of its newest self-storage facility in Palm Springs, California. West Coast Self-Storage Palm Springs, located at 890 N. Gene Autry Trail at the corner of Tamarisk Road, sits directly across from Palm Springs International Airport, providing convenient access for residents of Palm Springs, Downtown Palm Springs, and Cathedral City. The facility features 658 storage units, encompassing 57,775 rentable square feet, and offers a variety of unit sizes to meet both personal and business needs. Customers can choose from a mix of…

New Storage Facilities Under StorageMart and Manhattan Mini Storage Third Party Management in Q1 2025

StorageMart and Manhattan Mini Storage Third Party Management continue to be a growing presence in the self storage industry with the onboarding of several facilities in Q1 2025. These additions further extend the footprint of Manhattan Mini Storage in New York City and introduce StorageMart to Connecticut, offering enhanced convenience and accessibility for customers in these new and expanding markets. The 78 Walker St facility in Tribeca is a newly built location featuring over 500 units and 30,543 net rentable square feet. Opening in early February 2025, this facility is…

Safeguard Self Storage Completes Second State-Of-The-Art Self-Storage Facility in West Haven, CT

Safeguard Self Storage, a leader in providing state-of-the-art self-storage solutions, is excited to announce the opening of its second self-storage development in the State of Connecticut. The property, located at 400 Derby Avenue in West Haven, was purchased in May 2022, and opened its doors to the surrounding community and neighborhood on May 9, 2025. Stan Bonilla, senior vice president of development at Safeguard Self Storage, enthusiastically stated, “Our mission at Safeguard is straightforward: to make each storage facility better than the last. With this location, we cater to the…

Bloomington Plan Commission OKs Self-Storage Phasing in Bloomington, IN

The 176-unit apartment complex called THIRD Apartments, on the eastern edge of town, has finished construction. The owner has now received formal approval from Bloomington’s plan commission for a phasing plan that allows a 38,000-square-foot self-service storage facility to be built south of the apartment complex. The self-storage was already a part of the site plan that was approved by the commission in 2021. Bloomington’s city council had earlier approved the zoning for the project. But the self-storage facility has not even started construction. Approval of the phasing plan came…

Overflow Storage Opens a New Self-Storage Facility in Rose Hill, NC

Overflow Storage, a locally family-owned business, held its grand opening last week, filling the gap for everyday storage needs. Family members, the Roanoke Valley Chamber of Commerce and supporters celebrated the event with a ribbon-cutting ceremony on May 6. Owners Michael and Tammy Colston said they had researched ways to use their 20 acres of land at 3940 North Carolina Highway 903 in a way to help their community. Tammy said they determined there was a need for self-storage in that surrounding area. “Especially for people visiting Lake Gaston each…

Talonvest Negotiates $66.1 Million of Construction Loans for Self Storage Facilities in Hollywood, CA and Bordentown, NJ

Talonvest Capital, Inc., a boutique mortgage brokerage firm, is pleased to announce $66,100,000 of construction loan closings for its long-time client, 1784 Holdings, LLC. The first transaction was a $46,700,000 construction loan for the development of a state-of-the-art self storage facility located on a prime thoroughfare in North Hollywood, CA. The property will have almost 98,000 net rentable square feet across 1,144 climate-controlled units. The second financing was a $19,400,000 construction loan for a premier self-storage development in Bordentown, NJ. Situated on 5.4 acres, the project will offer over 77,000…

North Palisade Partners Lands $55 Million for Self-Storage Facility in Los Angeles, CA

North Palisade Partners has obtained $55 million for the refinancing of its 3,039-unit self storage facility at 1920 Randolph St. in Los Angeles. By issuing the five-year bridge loan, Goldman Sachs Alternatives originated one of the largest financing packages for a single-asset self-storage property in Southern California. CBRE arranged the transaction. Proceeds retire existing debt. In 2022, Buchanan Street Partners provided two separate construction loans for North Palisade’s facility totaling $55.2 million, according to Yardi Matrix information. Completed in the first quarter of this year, the three-story, 214,000-net-rentable square-foot facility…

True Storage to Open New CubeSmart-Managed Self-Storage Facility in Dracut, MA

True Storage will be opening of a newly constructed, self-storage facility located at 55 Loon Hill Rd. The all-new class A facility will open its doors in May 2025, offering 70,425 rentable s/f of premium storage space and 807 climate-controlled units. The property was developed and is owned by True Storage, a national self-storage developer known for high-quality construction and community-conscious design. The facility will be operated by CubeSmart. This ground-up development represents True Storage’s approach to self-storage, combining clean, modern design with secure features such as climate-controlled interiors, video…

New Self-Storage Business to Open in Oconomowoc, WI

Construction has begun on Stor-It Right at Pabst Farms, LLC at 1030 Blue Ribbon Circle Drive North, located in the Pabst Farms Commerce Center west of Wisconsin Harley-Davidson and south of the Lake Country DockHounds ballpark. This is the second location for Stor-It Right, which has been in business in Hartland since 2022. “We’ve seen not only demand for storage grow in Lake Country but also requests for premium Class A self-storage facilities with special amenities,” said Katie Grasch, who owns and operates the family business with her husband, Joe…

Just A Closet to Open New Self-Storage Facility in San Marcos, TX

A new self-storage facility is set to open in San Marcos this fall, providing residents with more options to store their belongings. Just A Closet Self Storage will open near the Cottonwood Creek neighbourhood, offering a range of climate-controlled and non-climate units from 5×5 to 10×30 feet. The company has 10 locations across Texas, including one in Cibolo. The new facility is set to open in the fall at 4508 Hwy. 123, San Marcos For more information, please view the website: www.justacloset.com Source