Quote:
Quote:
Originally Posted by MonctonRad
Industrial development in Moncton is smokin' hot right now!!!
High demand for industrial park land has non-profit (MID) eyeing expansions
Moncton Industrial Development Ltd. says land sales continue to be strong
Shane Magee · CBC News · Posted: Mar 04, 2024 5:29 PM AST | Last Updated: 4 hours ago
https://www.cbc.ca/news/canada/new-b...sion-1.7132884
Highlights:
Main MID Industrial Park - fully sold
Caledonia Industrial Park - fully sold (40 acre expansion underway)
Harrisville Logistics Park (SW corner of the TCH/15 interchange, currently under construction) - 124 acres, 66% pre-sold
Moncton East Business Park - 70% sold
MID West Industrial Park - approximately 70% sold. A 250 acre expansion is planned for south of the CNR mainline, already with 90 acres pre-sold
But wait, there's more!!!
This last bit is out of the blue. This is virgin land, not far from the McLaughlin Road reservoir. To develop this land, there would have to be an expansion to the municipal service boundary. The city has been loath to expanding the service boundary for residential development, but, I think they would be more amenable to doing this for industrial development.
But, what about access??? It is difficult to imagine that principle access would be via Mapleton Road. This street is a dead end north of the TCH, and, there is a large subdivision located there, as well as a campground. McLaughlin Road would be equally as problematic, especially as there is currently no TCH interchange on McLaughlin.
To do this right, an interchange at TCH/McLaughlin would have to be constructed (I am 95% sure this is in the cards anyway) and/or a brand new interchange with the TCH between Mapleton and McLaughlin created. This might be possible, and, would also have the added benefit of providing direct highway access to the "Vision Lands."
Hmmmmmm......
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The land that they bought was acquired from Thrive. I remember them having a listing for it on their website. I was wondering who had bought it after the listing was removed. It is adjacent to the campground (on the east side of it) and is south west of the reservoir. I imagine it would lineup perfectly to have another highway exit here as well.
I also recently noticed that a large section of the vision lands west has been consolidated together into a single parcel. This is the lands immediately north of the Mapleton Centre retail area. I know that some of this land was also previously (or currently) owned by thrive as well. If a land consolidation is taking place both north and south of the TCH, this would make it much easier to connect the developments, as you’d eliminate multiple party’s. This will be something to watch.
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I figure I'd continue the conversation on this thread about the new
MID (Moncton Industrial Development) lands and its relation to the
Vision Lands.
I did some digging, and I've grabbed a few pictures. The first one shows who the land owners of the vision lands are:
There is a lot consolidation on most of the
Thrive lands. The most eastern parcel and the parcel adjacent to the former Bell property on Mapleton are not included in this lot consolidation. Their lands are also currently listed for sale, with the exception of the parcel adjacent to the former Bell property.
https://www.cbre.ca/properties/land/...unswick-canada
Area #4 is also listed for sale.
https://www.bbrokers.ca/property/400...et-moncton-nb/
This picture shows the area of the lands that have been bought by
MID from
Thrive.
The parcel that they did not purchase bordering the TCH is part of the property assessment for area #3 on the image above. There is also another smaller piece of land adjacent to the lands MID just bought that is still listed for sale and I believe is still owned by Thive
https://www.cbre.ca/properties/land/...unswick-canada
Another interesting thing with
Thrive, they have recently completed sales of the Princess Auto property, but they still have most of their property listed for sale in this area including the former Bell property, their office/retail complex at the corner of Mapleton and Frampton and the next couple phases of their developments on Twin Oaks.
https://www.cbre.ca/properties/comme...EwRxGNOOjMKwQ0
They also have a property for sale along the corridor of the unfinished portion of Bridgedale Blvd in Riverview. The northern part of this property would be a good location for a future school in the area. My mom did a couple grades of school at the old Bridgedale Community Centre, so there is a precedent here.
https://www.cbre.ca/properties/comme...tting%2CisSale