The first phase of Guelph’s 675-acre Hanlon Creek Business Park is virtually sold out and inquiries are strong for the third phase, which is expected to be released to the market in the fall.
Phase 1, which was entirely city owned, features a 165-acre environmental reserve in the middle of the development and a 13-kilometre trail system throughout.
Tenants include: Mirexus, Wurth Canada, Fusion Homes, and Halwell Mutual Insurance.
Phase 2 is entirely privately owned and is currently home to GoodLeaf Farms, BSG Canada, Oxi Brite, and a number of logistics companies. Guelph-based The Co-operators is currently planning its new headquarters there.
Phase 3 is a mix of City-owned and privately owned parcels across about 100 acres. The plan is to bring these lands to market in collaboration with the private land owners to attract both developers and end-users, says Tyson McMann, an economic development officer handling investment attraction and real estate.
Zoning allows for flexible uses, including clean industry, manufacturing, warehousing and logistics, office and laboratories and plans call for lot sizes of two to 30 acres that can be combined.
“Some businesses are looking for 50 or 100 acres of land. That is getting increasingly hard to find in urban centres, but we will shortly have that available in Guelph,” said McMann.
“The goal is to ensure we have product available that meets the expansion needs of existing businesses in Guelph but also to have the inventory that companies moving west of the GTA are looking for. I know that if we had another 30 or even 60 acres in Phase 1 right now, we could likely sell them quickly. The demand is there.”
The Guelph Innovation District, which sits on 329 acres of provincially owned lands in the east of the city across from the University of Guelph, also has inventory coming up for sale.
It is zoned for mixed use, and will include employment, residential, commercial and natural heritage uses. Targets include 4,200 jobs and 4,600 residents.
For more information , please visit https://hanloncreek.ca/
