HOUSTON--Cornerstone RPC Storage Development, a joint venture between real estate development firms Rosewood Property Co. and Cornerstone Development, has begun construction on phase one of its $75-million self-storage development plan.
The first phase of the firm's plan to build high-quality, multi-story and drive-up self-storage facilities in infill locations includes four projects in total, all of which are located in Texas markets.
"We are seeing an increasing demand for new self-storage development and have launched phase one of our development program to meet that market need. We are pleased to be under construction on these first projects and are aggressively pursuing additional self-storage development opportunities," Bill Flaherty, president of Rosewood Property Co., told GlobeSt.com.
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