Category: Development News

Ardent Announces Opening of Class-A Self-Storage Facility in Copiague, New York

The Ardent Companies (Ardent) and Ironwood Development Partners announced the opening of their newest Class-A self-storage facility. Located in Copiague, N.Y., the facility will open Dec. 16, reinforcing Ardent’s proven approach of delivering institutional-quality, climate controlled, self-storage developments. The project represents Ardent’s first partnership with Ironwood Development Partners, a key milestone in the firm’s strategy to deepen its presence in high-barrier, supply-constrained markets. “Our expansion into Long Island underscores the opportunity to partner with experienced local teams that share our commitment to quality and execution,” said Ricardo De Rojas, Managing…

Hernandez Development & Construction Opens New Class A Self-Storage Facility in Carol Stream, Illinois

Hernandez Development today announced the successful completion of Carol Stream Self Storage, a new 71,510-square-foot, Class A self-storage facility at 27W010 North Avenue (Illinois Route 64) in Carol Stream, Illinois. The state-of-the-art facility is strategically designed to meet the growing storage demand in DuPage County. The three-story building features 625 climate-controlled units, including 36 easily accessible drive-up units. Positioned with prominent visibility along North Avenue, this project benefits from exposure to over 38,000 vehicles daily, offering convenient access for both residential and commercial customers. “Carol Stream is a strong suburban…

Two-Story Storage Facility Proposed for Winslow Cross Keys Road, New Jersey

A two-story, 122,000-square-foot storage facility previously granted land use approval by the Winslow Zoning Board is now scheduled to seek full major site plan approval. Although the project is located on Cross Keys Road, the building will sit back from the roadway, positioned behind the existing Aldi and Wendy’s on an undeveloped parcel of land. The site plan includes 61,000 square feet of building footprint; with two floors, the total building area doubles to 122,000 square feet. If approved, the new storage facility will utilize existing internal roadways within the…

Planning Commission Approves New Self-Storage Site on Industrial Way in Buellton, California

When Daniel Contreras rounded out Buellton’s five-member Planning Commission, one of his first goals was to help the city make better use of existing properties that become idle for one reason or another. “[We] have a lot of facilities and parcels that are just gathering dust at the moment, and we’re not revitalizing those areas,” he told the Sun in October. “I think it’s very important that we get to revitalize those areas before we go on to [develop] our open spaces.” Two months later, Contreras was part of the…

Plans for New RV Storage in St. Johns County, Florida

St. Johns County is adapting to its rapid growth with the introduction of new RV storage facilities and an upscale apartment complex. As the population has surged by over 74% since 2010, local businesses and developers are stepping up to provide innovative solutions to meet the needs of residents. New storage options and the luxury apartment community known as ‘Terrassa’ are aimed at enhancing infrastructure and accommodating the growing population. St. Johns County Expands with New RV Storage and Apartment Complex A look at how St. Johns County is adapting…

BlackRock Provides $102M Refi for Self Storage Portfolio Across Six Different US States

BlackRock Managed Funds and Accounts has provided Basis Industrial with a $101.5 million refinancing loan for a seven-property self storage portfolio. The assets are located across six different states, namely Massachusetts, New York, New Jersey, Pennsylvania, Michigan and Florida. Arrow Real Estate Advisors arranged the deal on behalf of the ownership. The seven facilities are the first properties within Basis Industrial’s portfolio to be developed and opened since the company began its self storage development program in 2021. Arrow Real Estate Advisors Managing Partner Morris Betesh and Senior Vice President…

Storage Post Lands $47 Million for Self-Storage Facility in Manhattan, New York

Storage Post has secured a $47 million first mortgage loan for its 1,959-unit self storage facility at 444 E. 10th St., in Manhattan’s East Village neighborhood. Nuveen Real Estate issued the note in a transaction arranged by JLL Capital Markets. Storage Post and Almanac Realty Investors acquired the property in 2022 from a private individual, for $61 million. At the time, the owners landed a $40.3 million acquisition loan held by Heitman, with an initial maturity set for April 2025. Storage Post manages two other locations under the same brand…

A New Self-Storage Facility is Coming to Northeast El Paso, Texas

The self-storage industry has exploded over the last several years, rising 8% to $44.3 billion, according to the 2024 Self-Storage Almanac. The industry is expected to reach $50 billion by 2029. There are currently an estimated 52,301 self-storage facilities in the United States, covering nearly 2.1 billion square feet. Just over 11% of U.S. households, about 14.6 million, currently maintain a self-storage space. Where is it? The new Franklin Self-Storage site will be located at 10700 Railroad Drive, according to the city’s permit and licensing page. The new self-storage site…

Self-Storage Facility Approved Next to Rising Star Baptist Church in Smithfield, Virginia

A three-story self-storage facility will soon break ground next to Rising Star Baptist Church on Battery Park Road. Tammie Clary, the town’s community development and planning director, told Smithfield’s Planning Commission on Dec. 10 that town staff had administratively approved a final site plan, which she said calls for a three-story building with 30,645 square feet and two one-story buildings at 6,500 square feet. When Commissioner Charles Bryan asked why the proposal was not previously presented to the Planning Commission, Clary cited a July 1 change in state law that…

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,…