The Welland International Flatwater Centre (WIFC) North Course will hold the 2018 ROWONTARIO Masters Championships event on Sunday, July 15. The City of Welland is happy to once again host an event that attracts Masters rowers from across Ontario and the United States from 2018 through 2020.
The City of Welland, or, the Rose City, is also sometimes referred to as the City of Champions; a moniker that attributes those who spearheaded the initial “industrial revolution” in the municipality. Today, there is a renewed attitude of optimism surrounding the industrial and manufacturing sectors in Welland, and it is not difficult to see why.
Long-running industrial businesses such as Welland Forge continue to see success while new projects like General Electric and North Gold Foods confirm that Welland is viewed as an attractive place to grow and expand industrial business.
Since it’s launch in December 2016, The Locke condo development in Welland has garnered a lot of interest from investors and rightly so. The development, which will be rented out as student residences to serve Welland’s Niagara College campus, is marketing it’s units to potential investors.
The concept launched by N Square Development Group includes 42 units featuring two to four bedroom condos over seven storeys. Sitting on Niagara Street in Welland, the condo will offer easy transportation access for students and an attractive home during their college stay. Investors are expected to see a 36.5% gross return on investment over a two year period.
Across Niagara the condo market is taking off. Throughout 2015-16 over a dozen condominium developments were announced and are selling quickly.
Condominiums are a viable option as they counteract urban sprawl and offer much more affordable options as housing prices continue to rise.
Welland’s residential market is changing as the city’s population and job market grow. Notably, a new condo development is selling now in Welland, marking the beginning of a potential new trend in the burgeoning city.
A strategic priority meeting held by Welland City Council on October 3rd, saw the city formally adopt a number of priorities to move through the end of the 2018 term. These priorities are set to act as a road map or guide for decision making for the city according to Mayor Frank Campion.
"These priorities will guide our discussions and decision-making over the next two years and they provide a road map on the direction the City is going," stated Welland Mayor Frank Campion. "We will also continue to inform and engage residents and key community stakeholders."
The new GE factory set for development in Welland has been referred to in the media as a “brilliant factory” and now we know why. GE’s brilliant factory concept comes from a recent shift in how they make things. It involves how their new sensor embedded machines connect to an industrial internet, and utilize a software platform GE has development called Predix.
Welland has quickly become a residential growth hotspot in Niagara. Niagara families have recognized and smartly bought into the benefits of affordable real estate in newly built, single-detached communities. Welland has supported this growing population with community amenity improvements and focused action on improving its economic prosperity.
The Provinces growth study sees Niagara’s population increasing by 170,000 residents by 2041. While communities like St. Catharines have little room to grow out, communities like Welland offer ample land in convenient locations. The key to supporting a growing population is gaining private-sector investments, something that Welland has been able to accomplish ten-fold this year by securing General Electric's new gas-engine plant.
A number of prominent residential and industrial properties are now for sale along the canal in Welland.
The plot of industrial land for sale at 555-635 Canal Bank Street includes a 323,800 sq. ft. industrial building and 100 acres of developable land. The industrial development property at 475 Canal Bank Street includes 76 acres of development land bound by Highway 58 and the Welland Canal. Finally the 180 acre residential development parcel bound by Forks Road and the Welland Canal includes an approved conceptual draft plan.
The development potential for all properties are plentiful as they are strategically located in one of Niagara's largest growth spots.
2016 has delivered story after story of promising development and investment news for Welland. The Southern Niagara town, which was recognized as one of the “Best Places to do Business in Canada”, is showing North America just how economically appealing it really is.
The biggest news comes from the announcement of GE’s new gas-engine plant but, smaller wins like the Hart Department Store and Niagara College’s technology funding are helping to round out a new economic era for Welland.
The City of Welland’s aggressive approach to economic development has produced revered wins over the past number of years. A once troubled manufacturing town is no longer, Welland is now known as one of the best places to business in North America, and has been able to attract internationally established companies including General Electric, Heridge SARL and Northern Gold Foods.
With location advantage combined with it’s fully serviced industrial lands, aggressive incentives, educated workforce, research/development connections and an open city hall, Welland has positioned itself as a growing centre within Niagara.