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
Quote:
Moncton Industrial Development Ltd. (MID) is expanding two of its parks, hopes to begin a large expansion of a third this year, and recently bought a swathe of land for a whole new park already expected to be sold out by 2030.
Pierre Dupuis, general manager of the non-profit company, said it is selling 75 to 80 acres per year compared to 30 acres around 2018.
|
Quote:
As a result, the company is about to request that city council expand what's known as the urban boundary, a limit meant to reduce sprawl, even as the municipality eyes more compact residential development over the next 25 years.
An urban growth strategy presented to city council last week says "the MID land inventory is being sold and developed at an accelerated rate that continuously requires the expansion of new employment lands to meet current and projected demands. This is directly impacting the overall structure and serviceable areas of the City."
Bill Budd, the city's director of planning and development, told councillors last week municipal staff are working closely with MID on expansion plans as they eye future locations.
|
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!!!
Quote:
But even with those expansions, MID is already eyeing development of another new industrial park.
In September it bought 145 acres of land north of the Trans-Canada Highway between Mapleton Road and McLaughlin Drive.
The urban growth strategy presented to council last week says that if current trends continue, MID expects that land will be sold and developed before 2030.
|
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......
Prev
Linear Mode
