Category: Development News

Basis Industrial plans an additional warehouse on the property, which sold for just $9M in 2016″ A Miami warehouse and self storage firm is planting its flag in Westchester County — and paying a significant premium to do so. Basis Industrial, based out of Coconut Grove, paid $30 million for a 60,000-square-foot warehouse and adjacent development site at 100 Business Park Drive in Armonk. The 11-acre parcel comes with more than 140,000 additional buildable square feet. Basis plans to add a 100,000-square-foot industrial and self storage facility on the land”…

Continuing our expansion across California, I am excited to announce that SecureSpace Firestone is now open,” SecureSpace today announced the opening of a newly built SecureSpace Self Storage facility, strategically located at 2268 Firestone Blvd, Los Angeles, CA, at the nexus of the Interstate 110, 10, 710, and 105 freeways. SecureSpace Firestone offers 116,125 square feet of 100% climate-controlled self storage space with units ranging from 5’x5’ to 10’x30’. The site is located in the Los Angeles/Long Beach/Anaheim MSA, which has a population of around 13.3 million. The three-mile trade…

The first self storage facility ever built in Snowmass.” Snowmass Self Storage consists of two new buildings with small and large units in Old Snowmass near the corner of Highway 82 and Snowmass Creek Road. The buildings were constructed in the same location as a former open lot that contained various vehicles and watercraft. Amid a market in which availability at regional storage facilities has been limited in recent years, two entrepreneurs have opened a new storage center in Old Snowmass. Snowmass Self Storage, developed by Ryan Chadwick and business…

In Hempstead, NY on Long Island, LSC Development LLC broke ground on a seven-story self-storage building. It will have 1,382 climate-controlled units spread across 112,188 NRSF. It’s scheduled for completion in Q4 2024. Mancini Mui Architects designed the building. Park East Construction is serving as a general contractor and Centier Bank is providing a construction loan. Source

True Storage opened a new self-storage facility at 10 Prospect Hill Terrace in East Windsor, CT. It opened on Jan. 24. The renovated, 51,383-square-foot facility has 585 climate-controlled units and previously was a site for Burlington Coat Factory (below). It is the second store in the True Storage portfolio that Store Space Self Storage is managing, and a third property, located in Columbus, GA, is scheduled for late Q1 or early Q2 of 2023. The first facility together is in Lafayette, IN. Based in Manchester, NH, True Storage also has…

Holladay Properties is converting an industrial site at 850 Marietta St. in South Bend into a 39,990-square-foot self storage facility. Store Space Self Storage will manage the facility, which is slated to open in the second quarter. The property will feature four buildings with 183 climate-controlled units and 165 drive-up units. Store Space will provide day-to-day operations, call center support, marketing, branding and technology solutions. Holladay expects to partner with Store Space on additional locations. Source

Metro Storage has opened a new self storage facility in Spring Hill, Fla. The 675-unit property is the company’s latest addition to its Florida portfolio. The property includes a three-story building with climate-controlled units and two single-story buildings with standard units and drive-up access. The unit size ranges between 25 to 600 square feet. The facility also offers a total of 114 parking units, divided into 83 covered RV and boat parking spots with electrical hook-ups and 31 car parking spaces. On-site amenities include 24-hour video surveillance, motion-sensor lighting, locks,…

Redevelopment of the long-vacant former location of Kmart on West National Road in Englewood is underway and the facility will soon operate as a self storage facility. Located at 360 W. National Road, the storage facility will be owned and operated by the business Extra Space Storage. Preliminary construction work has begun, including demolition of the parking lot and some interior clean-up work, according to Community and Economic Development Director William Singer, who added that necessary permits are under review. Late last year, the developer proposed the retrofitting of the…

New Jersey-based developer Diversified Properties has broken ground on a seven-building, 495-unit self-storage facility in Montgomery, about 80 miles north of New York City. The facility will consist of one two-story building totaling 39,000 net rentable square feet, and six single-story buildings, each of which will total 6,900 net rentable square feet. Morris Construction Management is overseeing the construction of the project, which is scheduled for October completion. CubeSmart is the proposed operator of the facility. Source

Growing surrounding population: the population has increased by 16% since 2000 within a five-mile radius LSC Development LLC of Barrington, IL finished building a 90,136 NRSF structure, with 1,691 units, at 62-05 30th Ave. in Woodside, NY. It’s located in Northwest Queens near LaGuardia Airport and the Brooklyn Queens Expressway. Chicago-IL-based ByLine Bank provided the construction financing, and Racanelli Construction was a general contractor for the project. Life Storage Inc. will manage the facility. LSC has bought, developed and operated 84 self storage properties totaling about 6.5 million square feet.…