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

Hungerford Announces Sale of Rivercrest Industrial Business Centre

In 2010, Hungerford Properties purchased Rivercrest Industrial Business Centre, an 11.5 acre site at 1700 No. 6 Road, an industrial area in Richmond, B.C. At the time, it was a single-tenant facility, formerly home to Ball Packaging (NYSE: BLL).

Over six years, Hungerford transformed the existing warehouse into a multi- tenant business centre, with extensive refurbishments to the existing building and offices including a new roof, new office finishes, the addition of loading doors, new paint, landscaping, improved exterior glazing and overall maintenance.

In 2012, Hungerford also completed a build-to-suit facility for Albion Fisheries, a subsidiary of Gordon Food Services, on additional land. The 65,300 SF, sustainable, state-of-the art seafood processing plant, the first new commercial building to be constructed using Richmond’s new green roof building alternatives. The building set new standards for sustainability as well as for health and cleanliness from an operations standpoint.

“Hungerford had a vision to take a single tenant manufacturing building and convert it to a multi-tenant business hub,” says partner, Michael Hungerford. “We’re pleased with how we’ve been able to execute upon it.”

With building improvements and multiple tenants, Hungerford has just sold the property earlier this year, highlighting its success in taking older developments, investing in redevelopment and then selling a successful asset. Hungerford sold the property earlier this year, highlighting its success in repositioning commercial real estate.

Hungerford Properties Announces Tenants for New Titan Business Park in Regina

Regina, February 9, 2017 – Just three months after launching Titan Business Park, Hungerford Properties is announcing its first new tenants for their redevelopment between Park Street and the Ring Road. Hungerford Properties acquired the 33-acre site in September in one of the biggest industrial deals in the city’s recent history. Over the coming year, the company will be transforming the asset into a new business park, with the refurbishment of 176,000 SF space into modern, Class A warehouse space for the industrial sector. Flexible bay sizes will start at 12,000 SF, with space available up to 176,000 SF, each with multiple dock loading doors and an office component.

This week, the Vancouver-based development company announced it has leased 12,000 SF to Sears and 34,000 SF to Canature Water Group, bringing the total leased space to 27%. Canature is an established Regina business and a global leader in the water business in both Canada and the US. The company designs, manufactures and distributes water treatment products, and are expanding their business within the city into a larger, more efficient space. 

According to President and CEO Don Fettes, their new facility will include 12,000 SF of office space that will serve as their North American headquarters. They will be bringing with them 60 employees and the warehouse space will become one of 5 distribution centres the company runs across Canada and the US. “Titan is a first-class facility for warehousing and distribution. The access for trucks is excellent and the 26 foot clear ceilings will be a real asset for us and for any business in warehousing and distribution.”

“Canature is an anchor tenant taking a prestigious corner. They are a great match to be the first tenant in Regina’s most prominent industrial location,” says Collier’s Internationals Glen Hill. “There’s been a strong interest and many inquiries with a strong belief that this entire business park is well on its way to being an icon in Regina.”

Canature chose Titan because it gives them exposure and a new, state of the art functioning high bay warehouse to meet their growing international needs. Their expansion from an older building represents a 20 percent increase in growth. “Good news for the Regina economy,” says Hill.

“The speed at which we have leased space shows the resilience of Regina’s industrial market,” says partner, Michael Hungerford. “We are repositioning a challenged asset, which is good for the local economy and will help generate more demand and raise the quality of supply.”

Because of the prime location, access and visibility, Titan Business Park will continue to attract a diversity of companies who have historically struggled to find large, quality warehouse space as well as land inside the Ring Road. The site also has 22 acres of excess land for sale, lease or build to suit in 1 - 10 acre parcels, providing some respite from years of limited industrial land supply in the city. 

For more information, please visit www.titanbusinesspark.com 

Westerninvestor.com - 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.

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