Real Estate Developer Meredia Proposes 5-Story Self-Storage Facility f

Inside Self Storage is part of the Informa Markets Division of Informa PLC

Informa PLC|ABOUT US|INVESTOR RELATIONS|TALENT

This site is operated by a business or businesses owned by Informa PLC and all copyright resides with them. Informa PLC's registered office is 5 Howick Place, London SW1P 1WG. Registered in England and Wales. Number 8860726.

ISS World Expo Store Magazine Community

Real estate developer Meredia Living intends to build a self-storage facility across the street from one of its luxury apartment buildings in Bound Brook, N.J. The five-story structure would comprise 58,224 square feet in 796 units and be among the tallest in the borough, according to the source.

Meredia is working with the borough on a 15-year Payment In Lieu of Taxes (PILOT) program for the property, which would allow the company to pay Bound Brook a fixed amount each year rather than property tax. A similar program is in place for its nearby apartment complex on S. Main St., the source reported.

As part of its proposal, the developer would also build a 60-space municipal parking lot for commuters who use the nearby train station on the New Jersey Transit’s Raritan Valley Line. The planning board was scheduled to review the self-storage project last night.

Meredia specializes in luxury apartments, with featured properties in Linden, Rahway and West New York, N.J.

Source:
My Central Jersey, Five-Story Storage Building Proposed in Bound Brook

Subscribe to Our Weekly Newsletter

Stay on top of what’s happening in the industry and get links to the latest news, feature stories, videos and more on the ISS website. It’s fast, free and easy. Just enter your details below and watch for the hottest self-storage news every Wednesday!

Late-Breaking Articles

Tenant Insurance/Protection
Tenant-Protection Plans for Self-Storage: What They Are, Features and Benefits, and the Keys to Program Success
Feb 22, 2026
|
4 Min Read
Marketing
Control the Narrative: DIY Marketing to Help You Tell Your Self-Storage Facility Story and Connect With Customers
Feb 21, 2026
|
7 Min Read
Revenue Management
ISS BLOG – Self-Storage Pricing Practices Under Scrutiny: Are the ECRI Chickens Coming Home to Roost?
Feb 20, 2026
|
5 Min Read
Charity and Fundraising
NationWide Self Storage of Canada Raises More Than $11K for Covenant House Vancouver
Feb 20, 2026
|
1 Min Read

Self-Storage TV

A man standing in front of a self-storage unit talking