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.

Buying Commercial Space a Dream Come True for Beauty Depot

Vanessa de Mello and Silvia D’Costa have just hit a big business milestone: they’ve purchased a brand new, 12,000 square foot building in Calgary to house the expansion of Beauty Depot and The Esthetic Institute Training Center.

At Fairmount Drive and Glenmore Trail in Calgary's burgeoning South Central neighbourhood, the new gleaming Hungerford Properties building in Fairmore Business Park is their dream come true. After 16 years in business, their new location is only two blocks south of their current location and still close to Chinook Centre, allowing for a much simpler transition to the new space.

“We were blown away by the exteriors,” says de Mello. “We are in the esthetic business and our clients are 98% female, so we wanted it to look nice with glass windows. We also thought the pricing was competitive and the location at Fairmore Business Park was perfect.”

With 20 - 30% business growth each year, de Mello knew the timing was right to buy their own building, allowing them to grow and expand further. “The service from Hungerford and our realtor was exceptional and the whole process has been easy. We’ve been very impressed with the quality of workmanship and we would recommend Hungerford as a builder and developer.”

There are only 3 warehouse bays remaining at Fairmore Business Park. Construction is now complete and move in ready. 

Five reasons to buy a Calgary commercial condo now

Are you leasing an office or warehouse space in Calgary? With interest rates at all time lows, now might be a good time to think about buying into your own commercial condo.

Commercial condos are an increasingly popular choice for savvy business owners who understand the value of building equity in their own company. In Vancouver and Toronto, the popularity of commercial condos is on the rise and availability is scarce. But in Calgary, there are more options for businesses wanting to buy into new, high quality, Class A commercial buildings.

In Calgary’s Meridian/Franklin area, for example, Hungerford Properties’ Nexus Business Centre is attracting companies like True Directional Services that purchased 4,100 square feet of office and warehouse space. After 5 years of renting, the directional drilling technology company felt that buying was the only option that made economic sense.

“With such low vacancy rates, rent in the Calgary market can be expensive,” says CEO Sean Senos. “Owning for my company means we can have more capital to invest in tools and growing the business, rather than throwing the money away at rent. It costs us 25% more to rent rather than to own.”

In addition to Nexus Business Centre, the top selling commercial condo in the Calgary market, there is Hungerford’s Fairmore Business Park, in South Central Calgary. Fairmore is a new 7-acre development located by Chinook Centre that is 48% sold and offers high-quality, Class A space in a brand new building.

Click here to read the full article

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