CubeSmart Opens Five-Story Self-Storage Facility in Yonkers, New York

A new CubeSmart self-storage facility has opened in Yonkers, New York, following the redevelopment of a long-vacant commercial site on Central Park Avenue. Developed by Hampshire Management Company, the five-story property includes more than 1,100 climate-controlled units across approximately 164,000 square feet. The project converted a former restaurant and entertainment property that had been vacant for over 15 years, with support from local tax incentives. The development reflects continued adaptive reuse trends in the self-storage sector, particularly the conversion of underutilized retail and commercial sites in dense urban markets. Read…