Category: Development News

Maple Grove Council Approves Self-Storage Concept Plan

Ebert Cos. is looking to build a new self-storage facility in Maple Grove, according to planning documents and received a concept stage plan approval from the city council last week. The Maple Grove City Council approved the concept at their Dec. 1 meeting in a unanimous vote, though one council member did ask questions of Ebert around the actual look and interest of the building. The property would be a four-story indoor storage facility with around 850 units. It would spread 121,700 square feet of space across its four stories,…

Brand New Climate-Controlled Self Storage Facility in Worcester, MA

CubeSmart Self Storage on Barber Ave brings Worcester a brand new, secure, and convenient storage option. As Worcester continues to grow, so does the need for modern, reliable storage. The new CubeSmart Self Storage facility at 80 Barber Avenue aims to fill that gap with a fully climate-controlled, state-of-the-art space designed for convenience and peace of mind. The four-story building features a covered, climate-controlled loading bay, a rare find in the area, allowing customers to move belongings in and out comfortably, no matter the weather. Inside, wide aisles, clean, well-lit…

ARCO Design/Build Breaks Ground on a New Self-Storage Development in Fort Lauderdale, Florida

ARCO Design/Build, a leading national design-build general contractor, has broken ground on a new 147,385-square-foot self-storage development for 4 Rivers Property Group and Crow Holdings at 1400 Progresso Drive in Fort Lauderdale, Florida. The groundbreaking ceremony took place on October 30 at 8:30 a.m., marking a significant milestone for one of the last self-storage facilities to be permitted within this Fort Lauderdale zone. The project, to be branded and operated by Extra Space Storage, will feature five buildings: a five-story climate-controlled structure totaling 107,394 square feet, a standalone climate-controlled single-story…

Self-Storage Developer Finalizes Purchase Of Suburban Parcel in Rochester, New York

The transfer of property at Canal Ponds Business Park in Greece will pave the way for another self-storage facility in the Greater Rochester area. Barefoot Land Co. of Cape Coral, Florida, through Barefoot Landco LLC, on Wednesday closed on a $650,000 purchase of property at 105 Pinewild Drive in Greece. The seller of the undeveloped property was 2016 Gateway Business Center LLC, whose sole member is John Loiacono. The 2.78-acre parcel sits adjacent to Bellwood Drive and state Route 390. Barefoot Landco LLC then made a lateral transfer of the…

Basis Industrial Receives Construction Loan for Self-Storage Project in Long Island, New York

Florida-based development and investment firm Basis Industrial has received a $27 million construction loan for a self-storage project that will be located in the Long Island community of Rockville Centre. Public Storage will operate the facility, which will comprise 121,500 gross square feet of space across 957 units. NexBank is the senior lender on the project, and NexPoint is the mezzanine lender. Construction is underway and is expected to be complete in early 2027. Source

Blue Vista Capital Management, LLC Announces Collaboration to Create a $600 Million National Self-Storage Platform

Blue Vista Capital Management, LLC (“Blue Vista”), in collaboration with UBS’s Unified Global Alternatives – Real Estate (UGA RE) business and Extra Space Storage (“EXR”), today announced the formation of a strategic collaboration to invest in self-storage assets in the U.S., which will have approximately $600 million in buying power to build a diversified self-storage portfolio. The strategy is to identify core/core-plus, value-add, and development opportunities across the U.S., with the goal of creating a portfolio of self-storage assets designed for a perpetual life investment vehicle. EXR will manage all…

DECA Scores $45 Million Construction Loan for a Self-Storage Development in San Francisco, California

DECA Companies secured critical financing for a self-storage construction project from Affinius Capital and Axonic Capital. The $45.2 million debt will fund construction of a 1,600-unit Extra Space self-storage development at 2270 McKinnon Avenue, Commercial Observer reported. Talonvest Capital’s Kim Bishop arranged the deal. The development will span 175,000 square feet across five stories. The ground floor will have light industrial space, while the top four stories will have self-storage. National self-storage company Extra Space will manage the property. The project, in San Francisco’s Produce Market neighborhood, is one of…

Self-Storage Facility Granted Permission in Sherman, New York

The Sherman Municipal Zoning Board conducted a public hearing about a proposed storage facility on Osborne Street near Interstate 86 at their meeting this month. The proposed construction would consist of two metal buildings, which would house approximately 75 self-storage units. Micah Meredith, who plans to build the storage facility, presented plans for two 30-by-160-foot metal buildings. Sherman Mayor Colleen Meeder read the drafted minutes of the Sept. 22 Planning Board meeting, which detailed the board’s discussion of the proposed storage facility, their recommendations, and their referral to the Municipal…

Self-Storage Facility Coming Soon to Universal City, Texas

A self-storage facility named Oak Grove Storage is currently under construction at 2030 Pat Booker Road in Universal City. What you need to know The 578-unit, climate-controlled storage facility is being developed by Capco General Contracting. Construction began in May and is anticipated to be completed in summer 2026. Oak Grove Storage will be adjacent to The Grand at Oak Grove Apartments, said Michael Cassata, Universal City’s development services and economic development corporation director, in an email to Community Impact. The Grand at Oak Grove Apartments is a 268-unit multifamily…

Inland & Devon Completes New Class-A Self-Storage Redevelopment in Camden, New Jersey

Inland Real Estate Investment Corporation (“Inland Investments”), an industry leading real estate investment manager, and Devon Self Storage (“Devon”), one of the largest privately owned national self-storage developers, owners, and managers and a member of The Inland Real Estate Group of Companies, Inc., announced they have completed construction of a 110,000-rentable-square-foot Class-A self-storage facility located in Camden, New Jersey. Located at 1501 Admiral Wilson Boulevard in Camden, directly across the Delaware River from Philadelphia, the property formerly served as a multi-purpose warehousing and distribution facility. After complete demolition of the…