New Level Brewing Co. Moves into Fairmore Business Park 

Hungerford Properties is excited to announce that New Level Brewing Co. will be launching a craft brewery production facility, retail shop and tap room at Fairmore Business Park in August. The two brothers behind the new, local, Calgary micro-brewery purchased 8,500 SF of warehouse space within the development where they saw a great opportunity and potential to grow their business.

“We wanted to run our own show and work towards building equity,” says Drew Ross, who started New Level Brewing with his brother, James, two years ago. “That’s how the dream began.”

With help from private investors, New Level purchased the warehouse at Fairmore because of the location and building quality. “It’s an industrial area, but it’s close to everything,” says Drew. “It’s minutes from Chinook Mall and close to the train so visitors can have a pint and not drive home. And it’s a beautiful building. Everything was so well done with the construction.”

New Level will have a production brewery, with a tap room up front, so visitors can come in for a tour and a pint and buy some locally crafted beer.  “It was pretty refreshing to work with people who were open to the idea of their space being used as a brewery and who took the time to see what we are trying to do,” he says. “It's really exciting to be in such a great location."

There’s a growing number of craft breweries hitting the Calgary market, many of them moving into industrial areas where there’s more space for production, retail and tap rooms. New legislation, introduced last year, both municipally and provincially, has made it easier for new craft breweries to launch and succeed in Alberta. As a result, there are now 36 small breweries in Alberta, many of them micro-operations like New Level. 

In 2017, Calgary alone will host half a dozen new craft breweries, with most leasing large industrial spaces in the city. New Level, however, is one of a growing number of new breweries to buy its warehouse space. The company will launch in their new location in August.

“I’m really optimistic about our business,” says Drew. “Alberta’s craft beer scene is just starting and I’m really excited to showcase our beer to the growing number of Albertans wanting to try something new.”

Hungerford Properties has other developments in Calgary to accommodate this growing trend, with large warehouse space at Nexus Business Centre, Fairmore, Icon Business Park and Icon Retail Centre.

For more information on the last two remaining industrial warehouse units at Fairmore Business Park, please contact Paul Marsden, Colliers International: 403 571 8764.

Local Brewing Company Benefiting from Change to City Bylaw

A local brewery is opening up, thanks in part to a change in the city’s bylaw.

Councillors voted to reform a land use definition for breweries, distilleries and wineries, which allows them to set up shop closer to the city.

President of New Level Brewing, Drew Ross, said this change played a big role when choosing their location.

“We’re located close to Chinook Centre and close to the CTrain and one reason being there is advantageous because now we can actually have people come into the brewery, take a tour and have a beer, whereas without those discretionary use changes, you’d probably have to be located pretty far out of the city, like near the airport or something,” Ross explained.

He added, this opens up real possibilities for the entire industry.

“I think it looks very bright,” he said. “I am very optimistic about the industry as a whole. I really think Alberta can become the Oregon of Canada that we can have a really strong industry, instead of us flying down to Portland to check out beer, people will fly into Alberta to check out beer.”

New Level Brewing will specialize in progressive styles of craft beer and will feature a tap room where you can taste and purchase the product.

They expect to open sometime in August.

Click here to read the article - Investor advice: It may be better to buy than lease in competitive Calgary

Following on the success of commercial strata in British Columbia, Alberta is seeing an expanding market in office and industrial commercial condo development across the city. Beedie Development Group and Hungerford Properties are both Vancouver developers that are taking their expertise eastward, leading the development for this asset class in Alberta.

“In the last five years, we’ve really seen the commercial condo sector take off,” said Paul Marsden, executive vice-president of industrial sales and leasing for Colliers in Calgary. “It allows small and medium-sized businesses to own their own real estate and build equity. For many of them, that’s their retirement. We are generally not seeing large businesses buying strata units. It’s hitting a middle band.”

Fairmore Business Park is one of three recent commercial condo developments by Hungerford, and the only new office and warehouse project in south central Calgary. It offers one of very few opportunities for businesses to buy new commercial space in the city. Just minutes away from downtown in a prime location, it has drawn a number of owner-operators looking to build equity in their business.

Read the full article here.

Hungerford Properties rejuvinates old Calgary industrial site

Hungerford Properties plans to redevelop a 109,326- square-foot industrial building in northeast Calgary. Originally built in 1966 by the Alberta Liquor Control Board and formerly home to Southern Alberta Institute of Technology, the building has been sitting empty for the last two years. 

“It’s a solid, well-constructed building that will be now getting a major facelift, offering industrial space at attractive rental rates,” said partner Michael Hungerford. 

Read the full article here.

Hungerford Properties continues to show faith in Calgary with the announcement of yet another commercial real estate investment in the city.

The Vancouver-based developer, led by partners George Hungerford and his sons, Michael, who directs operations and Andrew, who’s responsible for asset management, bought their first property here in 2012. Today, their Calgary portfolio totals more than 1.5 million square feet of real estate.

Its most recent purchase is the former SAIT building in Mayland Heights Industrial Park, on Centre Avenue N.W. west of Barlow Trail N.E.

The building was originally constructed in 1966 as a warehouse for the Alberta Liquor Control Board. In 1980 it became the SAIT Bob Edwards Building, a suburban campus where building trades were taught. Continued expansion of SAIT’s main campus meant the school no longer needed the property, which has been empty for the past two years.

The 109,000-square-foot building did not attract a lot of interest, but Michael Hungerford saw its redevelopment possibilities. Bought through Barclay Street Real Estate, he plans to convert it back to a distribution centre offering multi-tenant industrial space.

By gutting most of the interior, Hungerford will refurbish and reposition it with units starting at 4,000 square feet.

Read the full article here.

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