Category: Development News

Garrett Development, Willmeng Break Ground on Self-Storage Facility in Peoria, AZ

Garrett Development Corp. (GDC), with Willmeng Construction as general contractor, has broken ground on a 110,136-square-foot self-storage facility at 24027 N. Lake Pleasant Parkway in Peoria. Designed by RKAA Architects, the facility will feature 1,129 square feet of office space, 53,939 square feet of storage on the first floor and 55,068 square feet of storage on the basement level. Construction is slated for completion in June 2026, with the facility scheduled to open by the third quarter of 2026. Source

Self-Storage Facility Could Replace Century-Old Business in Wilkes-Barre, PA

A self-storage facility could open in an iconic South Main Street building in Wilkes-Barre vacated by a century-old business that has relocated its headquarters to Hanover Township. CAE Self-Storage LLC is seeking a variance to permit the adaptive reuse of a commercial building at 454 S. Main St. into a self-storage facility containing 600 storage units, according to an agenda for Wednesday’s Wilkes-Barre Zoning Hearing Board meeting. CAE is also requesting a variance to waive 29 parking spaces for the proposed use. The building is owned by Petroleum Services Company,…

A Self-storage Facility is Planned Off County Road 210 in St Johns, FL

A 120,000-square-foot self-storage facility is permitted to advance in St. Johns County. The county issued a building permit on July 11 for the $9.26 million project. No rezoning is required. Beachside Self Storage is a four-story, climate-controlled facility at 1490 County Road 210. It is off Pappy Road just outside the Fountains at St. Johns, a mixed-use center with about 30 tenants and an apartment community anchored by Ascension St. Vincent’s Health Centre – St. Johns County, about a half-mile east of Interstate 95. The Fountains is developing its second…

Eastern Union Secures $18.5 Million to Refinance Construction of Multifamily, Mixed-Use Property in Manchester, NH

Eastern Union, one of America’s largest commercial real estate mortgage brokerages, has arranged an $18.5-million loan to refinance construction of a 77-unit, multifamily, mixed-use development in Manchester, NH. The 12-month mortgage was secured by loan consultant Yossi Rubin and loan originator Chaskel Horowitz. The eight-story, 98,000-square-foot building, presently under construction, is located at 31 Central Street near the University of New Hampshire and the Southern New Hampshire University Arena. Construction is expected to be completed by the end of this year. “We are grateful that we were able to connect…

Talonvest Capital Closes $25.2M Bridge Loan for Their Newly Developed Self-Storage Facility in Vista, CA

Talonvest Capital, Inc., a boutique self storage and commercial real estate advisory firm, is pleased to announce the closing of $25,250,000 non-recourse, bridge loan on behalf of Clear Sky Capital and their institutional equity partner for their newly developed, 1,484-unit Class A self-storage facility with 132,695 square feet of rentable area that also contains 45 vehicle/RV parking stalls. The property is located at 510 N Avenue in Vista, CA. Despite the increased market volatility in the second quarter, Talonvest successfully sourced multiple competitive financing options, with 40% of the lender…

Construction Underway for New Self-Storage Facility in New Braunfels, TX

A 90,000 square-foot CubeSmart Self Storage facility, which broke ground at Hwy. 46 at FM 1863 in February, is expected to be completed by 2026, SurePoint Development Partner Clint Wynn told Community Impact. SurePoint Development is the developer and investor on the project. The San Antonio-based, privately held real estate investment company specializes in the development of self-storage properties, according to the company’s website. CubeSmart Self Storage offers storage units ranging from 5×5 to 10×30. The company offers self, business, moving and climate-controlled storage units along with storage units for…

MV Investment Announces Development of Premier Class A Climate Controlled Self Storage in Kissimmee, FL

MV Investment announces the development of a premier Class A climate-controlled self-storage facility. The facility is located within an established suburban community of Orlando with targeted, innovative growth at the intersection of Highway 17 and S Hoagland Blvd. The once residential node of Osceola County is welcoming national retailers and rapid residential growth, creating high demand for class A self-storage solutions. The state-of-the-art three-story facility will offer 1,002 storage units ranging from 3’x5’ to 10’x30’, catering to a wide range of storage needs. “We’re thrilled to bring a new, state-of-the-art…

StorageMart and Manhattan Mini Storage Third Party Management Onboard 27 Metro Storage Facilities across the U.S

StorageMart and Manhattan Mini Storage Third Party Management have announced a significant portfolio expansion through a collaborative onboarding of 27 self-storage facilities formerly operated by Metro Storage. Located across seven states and representing over 2 million net rentable square feet and 18,672 storage units, these facilities are now fully integrated into the company’s third-party management platform and are operating under either the StorageMart or Manhattan Mini Storage brand. This expansion reinforces the company’s position as a leading self-storage provider for third-party management services, offering a dual-brand solution for storage owners…

SurePoint to Develop a Self-Storage Facility in The Woodlands, TX

SurePoint Development, a self-storage owner-operator based in San Antonio, will develop a 90,0000-square-foot (net rentable) facility in The Woodlands, about 30 miles north of Houston. The number of units has not yet been finalized. The site is located near the intersection of Six Pines Drive and Lake Front Circle within The Woodlands Town Center, and the property will feature climate-controlled space. Construction is scheduled to begin next spring and to be complete in the first quarter of 2027. Source

Storage Post Self Storage Brings Three New Storage Properties Under its Management in New York, NY

As of July 1, three Sofia Storage properties in Brooklyn and Manhattan are now under the management of Storage Post Self Storage. With Storage Post employees on site, the company is actively working to transition new and existing self-storage customers to Storage Post, as well as activating on future improvements, including: Electronic Entry Codes: Tenants will receive personal access codes to access the facility and the elevators Climate-Controlled Storage: Facilities will be outfitted with heating and air conditioning systems Elevator Upgrades: Employee-led elevator operations will be replaced with automatic elevators…