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Developments in Niagara: 5 in construction developments to watch in 2016

Posted by Greg Chew on Mar 9, 2016 11:45:19 AM

Across Niagara, a number of influential development projects are in construction. The projects range in function from retail, to tourism to multi-residential and industrial. In 2016, Fourth Avenue continues to expand out and downtown St. Catharines up. Tourism offerings are diversifying in Niagara Falls and Niagara-on-the-Lake. And in Welland, new industry is making a home in the Enterprise industrial subdivision.

These are the in construction developments to watch in 2016.

 

Fourth Avenue West Shopping Centre St. Catharines

Tprincess_auto_store.pnghe Fourth Avenue West Shopping Centre is a new 'class A'  addition to the growing Fourth Avenue retail landscape. The centre which borders the QEW and corners both First Street and the West Smart Centre has secured Princess Auto as an anchor tenant. At 125,000 sq. ft. this development is in Phase 1 and has also secured KFC. Other developments in this area of the city include First Place (1st Phase), Pathstone Mental Health.

  • 125,000 sq. ft. of retail
  • 12.5 acres of land
  • Princess Auto anchor

 

HOCO Ltd. Clifton Hill Niagara Falls

clifton_hill_image-138992-edited.jpg

HOCO has demolished the long standing Quality Inn and Rumours night club for redevelopment opportunities. The 30 acre property owned by HOCO will see major transformation over the next two years, as it completes its refresh. This refresh includes a May 2016 finish for the revamps and a 2017 opening for the new attractions.

 

  • Revamped and extended Kelsey’s and Ripley's Museum
  • New Go kart roller coaster attraction & moving theatre
  • Extended courtyard plaza
  • Increase in parking space + 700

 

Wayne Gretzky Winery and Craft Distillery Niagara-on-the-Lake

wayne_gretzky.jpgThe Gretzky brand is returning to Niagara with a new winery and distillery development in Niagara-on-the-Lake beside Trius wines. The 25,000 sq. ft. facility will include a retail centre and tasting space, a fermentation and barrel cellar, an ice rink and new vineyards. The winery which started which began construction this fall is slated to open in 2017 and should be a major tourism driver for the town.  

  • Retail centre, tasting space, barrel cellar, hockey rink
  • 3-4 acres of new vines
  • Designed by Gren Weis Architects
  • 40 new permanent jobs

 

Northern Gold Food Company Welland

1297664160231_ORIGINAL-529780-edited.jpgThe first company to invest in Welland’s Enterprise industrial subdivision is close to completing its new food-processing plant. The $23.7 million facility will be 91,202 sq. ft.  and will receive tax incentives under the regional Gateway Economic Zone CIP.  The B.C. based company chose Welland’s greenfield industrial park as its home because of the ease of doing business with the city and incentives available.

 

  • 8,473 sq. m. facility
  • 55 full time jobs
  • 2.2 million in tax breaks under the Niagara Gateway Economic Zone CIP

 

Penn Terra Residences Downtown St. Catharines 

lake_street_condo_st_catharines.jpgJames Street Student Residence + Lake Street Student Residence 

A September 2016 opening is planned for these two new downtown residences. Built on former city parking lots, these residences hope to introduce an influx of students to downtown living. Penn Terra first entered the residential market in downtown St. Catharines with the Wellington.   

 

Lake Street Residence

  • 52 units
  • 2, 3 & 4 bedroom apartments
  • underground parking with 75 parking space

James Street Reside

  • 58 units
  • 2, 3 & 4 bedroom apartments
  • 152 public parking spaces (most underground)

 

What developments in Niagara are you watching over 2016? For more information on the developments happening across Niagara visit myblog here. 

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Topics: Commercial real estate investment, Commercial development, Niagara

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