Category: Development News

Following the approval of a conditional-use permit by the Green Planning and Zoning Commission Feb. 18, a project at the corner of South Main Street and Magua Drive to bring storage units and office/retail can begin to move forward. The project does still require approval of a variance for a setback by the Green Board of Zoning Appeals, which will be the next step. The 6.98-acre property, located at 3929 S. Main St., is owned by SELU Holdings LLC and is vacant except for the abandoned facility at the corner…

A New Jersey company hopes to build a 145,000 sq. ft. self-storage facility in an industrial park near Fields Corner in Dorchester. The property at 50B Park St. is currently vacant but was most recently occupied by the state Department of Children and Families (DCF) office. According to a spokesperson for DCF, the agency did not renew their lease last summer and relocated to a more “welcoming” location on River Street in Mattapan. In a Letter of Intent (LOI) field with the city’s Planning Department on March 3, Gregg Cerino…

MV Investment has expanded its self-storage portfolio with the recent opening of five new Class A climate-controlled facilities in Florida, Texas, and Georgia. Together, these developments add more than 3,700 storage units designed to serve rapidly growing residential and commercial communities. Wesley Chapel, FL – MV Investment opened a three story, 760-unit facility at 2475 Mansfield Boulevard within the 5,000-acre Wiregrass Ranch master planned community. Operated by CubeSmart, the property offers climate-controlled units ranging from 3×5 to 10×30 to support the area’s expanding neighborhoods and rental communities. Houston, TX –…

A partnership between Atlanta-based developer The Ardent Cos. and Ironwood Development Partners has completed a 950-unit self-storage facility in Copiague, located on Long Island. Extra Space Storage will operate the facility, which spans 108,201 square feet, though it is unclear if that figure refers to gross or net rentable square footage. Park East Construction served as the general contractor for the project. Michael Sudano Architect PC designed the facility, and R&M Engineering acted as the civil engineer. A formal opening took place in mid-December. Source

Willow Self Storage is proud to announce the opening of its new facility. The site offers safe and clean self-storage units in Willow Street for local families, students, and business owners. The new storage center is built to meet the growing need for extra space in the Willow Street area. Many homes and offices run out of room. Willow Self Storage gives people a simple and safe place to store their items. The facility offers a wide range of unit sizes. Customers can store boxes, tools, furniture, and more. The…

The William Warren Group has secured permanent financing for three self-storage properties across three states, further emphasizing self-storage as one of the most stable and in demand alternative asset classes. The Santa Monica-based self-storage developer secured a $42.6 million debt package tied to its facilities in Hawthorne, Calif., Waipahu, Hawaii, and Denver. MetLife and Barclays provided the funds, Commercial Observer has learned. The largest of the three loans was $25 million tied to the Hawthorne property, a 113,745 square-foot facility, managed by StorQuest Self Storage, at 4959 West 147th Street.…

A construction loan has been arranged for High Mountain Promenade, a multi-phase mixed-use development being built in North Haledon. The loan from First Bank will primarily fund the first phase of the development, a three-story, 74,715-square-foot self-storage facility, according to a Jan. 29 statement by JLL Capital Markets. JLL secured the financing for the project, which will be developed by a joint venture between Tulfra Real Estate and Hampshire Real Estate Companies. The project is located at 987 Belmont Ave. A portion of the financing will support future development phases…