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Developers discover B.C.'s Aldergrove: New multires, industrial on way

1 year ago

B.C.'s Aldergrove: New multires, industrial dev. on way

A 2010 update to the community plan for Aldergrove in Langley, B.C., is paying dividends today. The Metro Vancouver-area village will soon host a new Alder Grove Town Centre, and several light industrial projects, bringing new homes and new jobs.

T.O. still tops N. American crane index, const. costs jump

The number of construction cranes in Toronto dropped 8.7 per cent from February to August, but its total of 230 was still five times more than No. 2 Los Angeles according to Rider Levett Bucknall's (RLB) biannual index.

Amazon's new fulfillment centre is Ottawa's largest building

Amazon’s newest and most technologically advanced fulfillment centre in Canada has opened in the city of Ottawa. At more than 2.6 million square feet, it is filled with robots and is expected to be a huge economic driver.

KingSett proposes 76-storey mixed-use tower

KingSett Capital has proposed a 76-storey mixed-use tower that would create 678 new dwelling units at 645 Yonge St. Chicago-based architecture firm Adrian Smith and Gordon Gill (AS + GG Architecture) were selected to preside over the design.

Manitoba providing $40M to expand CentrePort site

The Manitoba government says it is to spend up to $40 million toward the expansion of North America’s largest tri-modal inland port. The committed funding will go toward water and sewer service infrastructure for  CentrePort Canada’s expansion in Winnipeg.

Neighbourly to acquire eight pharmacies for $15.5M

Neighbourly Pharmacy Inc. (NBLY-T) , Canada's largest and fastest-growing network of independent pharmacies, announced agreements to acquire six community pharmacies in New Brunswick and Nova Scotia and two community pharmacies in B.C. The total purchase price is $15.5 million

QuadReal lays out net-zero strategy

After announcing a 2050 net-zero target for its expansive real estate portfolio, QuadReal Property Group detailed its sustainability strategy to SustainableBiz, centred around energy efficiency, retrofits and renewable energy adoption.

Côte-St-Luc plots a shift to 15-minute city

Island of Montreal city Côte-St-Luc has launched a public consultation to overhaul its master-plan and shift development in the next 20 years toward active transit, more green space, new housing and ways to connect neighbourhood hemmed in by train tracks.

Montreal’s downtown core needs a revival: Study

Downtown Montreal would benefit from an official status and the creation of an agency to coordinate government funding aimed at revitalizing the central business district, a study produced by consulting firm IdéesFX for the Montréal Centre-Ville merchants association concludes.

Winnipeg’s record of urban ‘planning’ flawed to the core

OPINION: The year was 1969, and Earl Levin, the head of the Metropolitan Corporation of Greater Winnipeg’s planning division, laid out a bold vision for the future of the city’s historic core in a document entitled the Downtown Development Plan.

Supreme Court OKs developer's lawsuit against Halifax

Nova Scotia developer Annapolis Group has won the right to take a land dispute with the Halifax Regional Municipality to court. The $119-million lawsuit pertains to a 390-hectare block of land west of Halifax.

Oxford acquires 18.4-acre life science campus, HQ

Oxford Properties Group today announced the purchase and long-term lease back of Ionis Pharmaceuticals' 18.4-acre life science campus and corporate headquarters in the San Diego submarket of Carlsbad. It features approximately 250,000 square feet of life science and office space.

Saputo senior executives set up shop in Florida

A growing share of Saputo senior executives are putting down roots in the multinational's new Florida offices, La Presse found, raising fears an erosion of the Montreal headquarters of the Quebec flagship in favour of Miami.

Blackstone earnings take a beating in Q3, but assets near $1T

Investment giant Blackstone faced a free fall in its net income in the third quarter but still managed to grow its assets under management to its highest level ever at nearly $1 trillion US.

Dozens weigh bids for Evergrande's Hong Kong HQ

The seized Hong Kong headquarters of embattled China Evergrande Group has drawn interest from dozens of prospective buyers including local property developers, family offices, and mainland financial firms, said the agent managing the sale.

Lag in Alberta land title transfers hits 4 months

As of Thursday, Alberta's land titles office was registering land title documents from June 22 and survey plans and documents received on Aug. 12. The delays are affecting people buying and selling properties, industries involved in those transactions, and municipalities' tax departments.

T.O. new construction home sales at record low

The sale of new construction homes in the Toronto region hit a historic low in September as buyers, spooked by high interest rates and economic uncertainty, stepped away from the market, says the Building Industry and Land Development Association (BILD).

Ont. to end development fees for homeowners adding rental units

In a bid to boost the supply of affordable housing, Ontario Premier Doug Ford plans to eliminate development charges for homeowners who want to add rental apartments to existing homes.

Can Vienna offer solutions to Van.'s affordable housing problem?

When Vancouver was planning its Olympic Village in False Creek in the mid-2000s, local politicians wanted to build a mix of housing that would seem almost European in the way it catered to renters of different income levels.

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