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.”
For more information on the last two remaining industrial warehouse units at Fairmore Business Park, please contact Paul Marsden, Colliers International: 403 571 8764.
Jan 05, 2017Calgary Commercial Fairmore General News In The Media
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.
Nov 24, 2016Calgary General News In The Media
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.
Nov 24, 2016General News In The Media Vancouver
BIV.com - Developer partners with non-profit
Unique alliance will turn dilapidated seniors complex into mixed-use project with 44 spiffy, low-cost rental units for East Vancouver seniors.
A unique partnership between a private developer and a non-profit seniors housing group will deliver brand-new but low-cost rentals under the City of Vancouver’s Rental 100 program.
Hungerford Properties is moving ahead with plans to build a 161-unit development, including new seniors housing suites, in East Vancouver.
The partnership includes the non-profit Odd Fellows Low Rental Housing Society, Terra Special Projects, GBL Architects, the City of Vancouver and Hungerford.
The redevelopment at 3595 Kingsway, from an aging, dilapidated seniors residence into a new, six storey, mixed-use development, will provide 44 affordable homes for seniors. It will also deliver 117 rental apartments and commercial units on the ground floor, according to Hungerford.
The Rental 100 program encourages the development of projects where all of the residential units are rental, with capped rental rates. The policy is part of the city’s goal to create 5,000 new units of market rental housing by 2021.
The Odd Fellows Society, which operates without government subsidies, will own its non-market units and Hungerford will retain the market-rental homes through a strata arrangement. Odd Fellows residents will be relocated and current residents will have first right of refusal to move back into the new homes.
The development partnership allows the project to happen at no cost and no risk to Odd Fellows.
“We are happy to replace the building because it’s on its last legs,” said Marie Olsson, the interim CEO for Three Links Care Society that manages Odd Fellows Manor. Rents for new tenants in the project will range from $754 to $807 per month, she estimated.
Construction will start in spring 2017, with completion scheduled for mid- 2018.
Above: Hugh Forster of Terra House, Michael Hungerford of Hungerford Properties and Marie Ollson of Oddfellows.
Nov 17, 2016Calgary Commercial General News In The Media
Hungerford building new Calgary Industrial Park
Hungerford Properties has acquired an empty Calgary building from the Southern Alberta Institute of Technology (SAIT) that it will transform into Mayland Heights Industrial Park.
“The building has been on our radar for years,” said Hungerford partner Michael Hungerford. “It’s an extremely well-built building and we always look for good bones when we’re buying property.”
The 109,326-square-foot building was originally constructed in 1966 by the Alberta Liquor Control Board and used as a liquor warehouse and distribution facility. SAIT took the building over and used it for classrooms for about 30 years until it was shuttered two years ago.
The corner property at 2015 Centre Ave. SE is a 10-minute drive from downtown Calgary in an industrial neighbourhood that offers good access to amenities, light rail transit, highways and Calgary International Airport.
The warehouse has 23-foot clear ceilings and eight drive-in doors and two dock doors for loading. There are 180 parking stalls as well as space for trailer parking.
The six-acre property includes 1.9 acres of excess land that can be used for extra storage, parking and, once the main building is leased, additional light industrial development.
Hungerford acquired the property for an undisclosed price and knows the area well since it also owns the Champion Business Centre, a former Sears distribution centre, a few blocks away. The Vancouver-based company also developed the nearby Nexus Business Centre, an office and warehouse condominium project of approximately 100,000 square feet.
JLL is the listing agent and will market Mayland Heights Industrial Park. Hungerford said the company is talking to potential tenants and hopes to announce leasing deals soon. He expects a mix of distribution and light manufacturing tenants to take up spaces ranging from 4,000 square feet and up.
Read the full article here: https://renx.ca/hungerford-building-new-calgary-industrial-park/
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Feb 27, 2017
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