Archives from October 2015

Hungerford Buys Former Maple Leaf Foods Facility in Winnipeg

Hungerford Properties has made its first foray into Winnipeg with the acquisition of a former Maple Leaf Foods facility sitting idle since 2008.

“It fits very well with a common theme in many of our investments, which is to refurbish and reposition existing assets,” said Hungerford Properties partner Michael Hungerford.

The property, rebranded as Meridian Business Park, was purchased two weeks ago for an undisclosed price.

It includes a 121,000-square-foot building completed in 1998 and 13 acres of additional land in a commercial and industrial hub in the St. Boniface area that offers easy access to major transportation routes, including Lagimodiere Boulevard, Regent Avenue, Mission Street and Dugald Road.  

“It was well-conceived and state-of-the-art in its day when it was built,” said Hungerford. “It needs some capital and needs an owner that’s willing to put some money into it to make it relevant for today’s market.”

Click here to read the full article.

New Lease on Life for Old Meat Plant

A B.C. real estate developer has big plans for a former Maple Leaf Foods hog plant in St. Boniface.

Hungerford Properties of Vancouver plans to spend an undisclosed sum of money to convert the sprawling, 121,000-square-foot facility on Warman Road into a multi-tenant Meridian Business Park. It could include a mix of office, warehouse, manufacturing and logistics/distribution space, depending on market demand.

Hungerford partner Michael Hungerford said although it's possible one tenant could lease the building, a more likely scenario is multiple tenants each leasing a portion of the facility.

"I think we have to keep an open mind in a repositioning like this. We want to listen to the market and talk to as many businesses as we can and see if we can create a space that works for them," he explained.

"But we think the building is well-suited for manufacturing, for logistics and distribution, and for companies of different sizes -- anywhere from 20,000 to 120,000 square feet. It's really going to depend on the market."

Click here to read the full article.

Vancouver, October 19, 2015 – Hungerford Properties has refurbished a historic warehouse in Mount Pleasant and next week, it will see the launch of Q Shi Q, an innovative 30-seat Japanese BBQ restaurant and sake bar. What was once a noodle factory until 2005 then became a product testing facility for MEC. Now in its third incarnation in 8 years, the 68-year-old building is being transformed into a spectacular, edgy restaurant, the latest retail announcement in the rapidly evolving neighborhood.

Inspired by Japanese counter culture, the interiors have been completely renovated featuring high ceilings, exposed timber beams and a graphic mural spanning the length of one wall. The exterior façade, made of corrugated steel in a herringbone pattern, is inspired by minimalist Japanese design and adds a significant artistic architectural flare to the street.

“We wanted a space that could combine light industrial with modern counterculture Japanese design and this building offered a good blank canvas for our designers,” says Q Shi Q owner, Duane McGaw. “The esthetic of the exterior fits into neighborhood but is also very unique. We wanted to shake things up and the environment is just the starting point. That’s why we chose this space – because the whole neighborhood is going through a transformation and there’s a concentration of new businesses coming into the neighborhood - young professionals in tech industry - and that’s our clientele.”

Next door, another Hungerford building will soon be home to Double Negative (DNeg), one of the world’s major producers of visual effects for the film industry, with branches in London and Singapore.

“It has the feel of Gastown and Railtown at a fraction of the cost,” says Matthew MacLean, VP of Commercial Leasing with Cushman Wakefield. “There’s a lot of restaurants now looking in the neighborhood for the same concept - retail in front, manufacturing in the back. It’s a concept that’s making the neighborhood more vibrant because we have this shift to a truly eclectic mix of office, industrial and more cutting edge, hip businesses.”

Terra Breads was the first to combine retail and manufacturing in the area. The Juice Truck followed suit and now coffee roasters and craft breweries with beautiful retail showcases in front of manufacturing and distribution spaces have moved in to create a vibrant animation on the streets.

Q Shi Q is located at 159 West Fourth, near Olympic Village, with ample parking. The new restaurant is set to open on Friday, October 23rd.

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