Category: Development News

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…

JLL Capital Markets announced on Tuesday, Feb. 17, that it has arranged a construction loan for the development of South River Self Storage, a to-be-built facility at 696 Old Bridge Turnpike in South River. The three-story facility is slated for delivery in the first quarter of 2027 and will total 105,487 square feet, according to JLL. The building will offer climate-controlled units averaging 90.7 square feet each, along with 15 exterior access units and 15 parking spaces, the firm said. Extra Space Storage will lease-up and manage the daily operations…

Storage Post Self Storage, a leading self-storage company, today announced the acquisition of a new self-storage facility in Nyack, further increasing its presence in New York. The property, located at 92 New York 59, was previously operated by Go Store It. The acquisition marks Storage Post’s second facility in Rockland County and supports the company’s continued growth across New York and New Jersey. Storage Post worked with JLL Capital Markets to complete the transaction, which was brokered by Managing Directors Steve Mellon and Brian Somoza. “The Nyack acquisition represents another…

The Zionsville Plan Commission approved rezoning for a parcel of land on Oak Street for a storage facility expansion and auto shop at its Jan. 20 meeting. Sam Scheidler, owner of Zionsville Self Storage, wants to expand his business, using an adjacent vacant lot at 1580 W. Oak St. The 2.6-acre lot also is eyed for a potential automotive service facility that would be on the opposite side of the property. The proposed auto business drew deliberations from the commission, specifically over noise as the parcel abuts against a neighborhood…

A former movie theater in North Bergen was recently sold and will be transformed into a self-storage facility. JLL Capital Markets announced the sale last month of the 73,398-square-foot property at 3131 Kennedy Boulevard. The firm represented seller Madison International Realty in the deal with buyer Safely Store. The 1.07-acre site features a vacant two story building that previously operated as a theater. Built in 1999, the 57-foot-tall structure will be converted into a four-story, 103,000-square-foot climate-controlled self-storage facility. According to JLL, the building’s shell condition, large open spaces and…

The city Zoning Hearing Board on Wednesday granted a special exception that will enable the owner of a pair of multi-unit self-storage buildings on Sixth Avenue in Eldorado to add a third such building. The special exception was granted to Starr Storage Partners LLC on condition that the company become legal owner of never-developed 46th Street, which cuts through the middle of the storage complex, with one existing building encroaching onto the “paper” street by 38 feet and with the proposed new structure slated to encroach on the paper street…

Boardwalk Development Group (BDG) announced that it has received the Certificate of Occupancy for the final phase of its 163,295 Sqft Self Storage and Boat & RV Storage at its Boardwalk Storage – Buford Dam facility, located at 2283 Buford Dam Road in Buford, Georgia. This concluding phase of the project is a 24,000 sq ft, Class A, Bi-Level, Climate-Controlled Storage building. The development addresses the increasing demand for premium self-storage solutions among residents and businesses in Buford and the surrounding areas. Conveniently positioned with excellent access to Lake Lanier…

The Storage Center, a leading provider of modern, Class A self-storage solutions across the Southeast, has announced the opening of its newest facility at 4520 S. University Ave., Little Rock AR 72204. Opened in late December, the brand-new, three-story facility introduces 751 climate-controlled units and 92,375 square feet of premium storage space to Little Rock’s expanding market. As the closest class A facility to The University of Arkansas at Little Rock, the facility is designed to serve the region’s rapidly growing community. Its central location provides convenient storage access for…

New Wave Loans announced that it has provided a construction loan to support The Feldman Companies’ development of a new self-storage facility in Miami-Dade County, Florida. The facility, part of Feldman’s expanding self-storage portfolio, reflects growing demand for modern storage solutions in South Florida’s dynamic real-estate market. The financing, structured to meet the unique needs of this institutional-quality development, underscores New Wave Loans’ commitment to delivering creative capital solutions for developers and operators in the self-storage sector. The project will feature climate-controlled storage units with advanced amenities and is expected…

Buchanan Street Partners (Buchanan), a Newport Beach, CA-based real estate investment management firm, has announced the groundbreaking of its latest self-storage development in Scotts Valley, CA. Located at 10 Victor Square within Santa Cruz County, the 2.6-acre site will be transformed into a state-of-the-art, climate-controlled self-storage facility. Following 14 months of entitlement efforts and project due diligence, Buchanan acquired the site for $5.25 million. The transaction marks the firm’s eighth self-storage investment in California over the past five years, further expanding Buchanan’s institutional platform in high-barrier-to-entry West Coast markets. The…