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OpenRoad, Conwest launch Surrey Auto Loop after speedy rezoning

1 week ago

OpenRoad Auto and Conwest launch Surrey Auto Loop

OpenRoad Auto and Conwest Developments have teamed up to develop the Surrey Auto Loop, a new 16-acre automall expected to have up to seven dealerships and related businesses in Newton.

Loblaw outlines $1.2B plan for new stores, renos

Grocery giant Loblaw (L-T) announced today it plans to invest roughly $1.2 billion in capital expenditure in its retail network through the end of 2026, completing 75 store openings and renovating 190 existing locations.

Wittington, Choice have district-scale vision for Deer Park

Proceeding through separate applications but conceived as a district-scale vision, Wittington Properties and Choice Properties REIT (CHP-UN-T) are proposing three mixed-use towers, retail, a public square, a park, a cultural venue with a performance hall and more for Deer Park.

EV battery plant to anchor new industrial megasite

The City of St. Thomas, Ont. will soon be home to the largest EV battery plant in the country. Owned by Volkswagen Group subsidiary PowerCo, the facility will be part of the 1,500-acre Yarmouth Yards industrial park.

Workforce orientation boosts multifamily site success

Workforce housing is an idea that’s grown in prominence over the past decade, first as affordability came under pressure in the mid-2010s and then as COVID-era lockdowns and supply chain concerns put the emphasis on essential human resources.

The push to turn Canada’s shuttered churches into housing

According to the Canadian Urban Institute, nearly a third of the country’s 27,000 faith buildings are projected to close by 2035. That may create an opportunity to help tackle the housing crisis.

Pier 4 REIT expands Halifax portfolio with 141-unit acquisition

Atlantic Canada has become an increasingly significant part of Pier 4's strategy, with the region now accounting for roughly a quarter of the fund's total unit count, a figure that continues to climb with each new acquisition.

Sponsored by: Pier 4

Regina event district sale closing delayed

A deal that would see Brandt Group of Companies take control of Regina’s event district will not close by the date previously selected. The district includes event space and the home venues of the Saskatchewan Roughriders and the Regina Pats.

Whole-building retrofits could gain ground in Alberta

Whole-building retrofits could become a more common practice in Alberta with the implementation of supportive government practices and aid from the financial and insurance sectors, according to a report from the Pembina Institute.

BYD inquired about taking over Canadian Stellantis plant

Chinese carmaker BYD Co. inquired about taking over an idled Stellantis NV plant in Brampton, Ont., according to a local politician, signalling possible global interest in Canadian auto hubs in the midst of a trade battle with the U.S.

Kardium lands $31M for Burnaby manufacturing expansion

B.C. medical device company Kardium, best known for making devices that aim to treat atrial fibrillation, is receiving up to $31.25 million in federal funding to pump into a $125-million expansion of its local manufacturing operations.

Toronto-Quebec high-speed rail project could cost $150B

An internal document obtained by The Globe and Mail shows the full cost of a high-speed rail line from Toronto to Quebec City is estimated at about $150-billion once four decades of operating and maintenance expenses are included.

Two towers up to 55 storeys proposed at York Mills Centre

SVEC Group is seeking rezoning to replace office space on the eastern portion of York Mills Centre with a new mixed-use podium supporting 40- and 55-storey towers with condominium suites, market-rate rentals and retail.

Toronto launches AI pilot to speed up housing permits

Last week, the city launched a program that uses artificial intelligence to probe building permit applications for missing or incomplete information before applicants pass them on to city staff for a formal review.

CPP commits $968M to Ares' Japan-focused logistics fund

Ares Management Corp has raised US$3.8 billion for its latest Japan-focused logistics development fund. CPP Investments is a cornerstone investor with an equity commitment of US$968 million.

Beacon developing 1.5M-sq.-ft. N.C. industrial campus

Beacon Partners has started construction on Rapid Commerce Park, a roughly 1.5 million-square-foot class-A industrial project in Charlotte, N.C. The company is currently developing the 410,037-square-foot first phase.

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