Cedar Coast and Orion Construction Break Ground on Cade Barr, Mission’s largest-ever industrial project
2024年7月17日 - 5:30AM
Today, Vancouver, B.C., developer Cedar Coast and Langley, B.C.
builder Orion Construction broke ground on the Cade Barr Business
Park in Mission, B.C. Spanning over 400,000 square feet and
accounting for four buildings, the business park marks Cedar
Coast’s first development project in the City of Mission. The
project also represents an over 25 per cent growth to Mission’s
light industrial base and is the first new employment land
development in Cedar Valley.
Located at the northeast corner of the
intersection of Dewdney Trunk Road and Cade Barr Street, this
7.37-hectare site will be home to four light-industrial buildings
spanning over 400,000 square feet. The development offers promising
prospects for expanding local businesses and will feature a land
dedication for 0.86 hectares allocated for a new fire hall to serve
the Mission community.
“This initiative is a milestone, as creating
local employment and neighborhood centres are important aspects of
Mission's community growth strategy,” said City of Mission Mayor
Paul Horn.
“Additionally, we are diversifying our tax base,
which lessens the burden on residential homeowners, while also
creating local employment opportunities, which cuts down on the
need to commute outside of the city for work. With such a short
supply of flat, serviceable industrial land, this is an example of
responsible, balanced growth that will benefit Mission for years to
come.”
Cade Barr Business Park will be built in phases
to alleviate Metro Vancouver’s industrial space shortage. Phase 1,
which includes Buildings A and B, is set to be finished by the
third quarter of 2025. Phase 2, Buildings C and D, will follow as
the rapidly growing market demands.
“We have long believed that Mission is a special
part of the Fraser Valley, and it has been a privilege to
collaboratively work with Council and City staff to deliver such a
significant increase to Mission’s employment lands. This project
provides the infrastructure for hundreds of new jobs for Mission’s
residents and the economic engine for new commercial development in
Cedar Valley. Cedar Coast is proud to contribute to Mission’s
flourishing community,” said Aaron Fedora, Vice-President of
Development, Cedar Coast.
Mission’s population is projected to grow by
50,567 people by 2030, according to population projections from BC
Stats. As a result of growing demand, the City launched the Mission
Waterfront Revitalization Plan in 2020. The strategy involves a
thorough 'made-by-Mission' roadmap that will steer land use
determinations in the upcoming years.
“Cade Barr Business Park epitomizes our
dedication to crafting superior products and advancing innovative
industrial spaces that improve both community well-being and
support entrepreneurs and growing businesses. We look forward to
welcoming new businesses to this exceptional development,” said
Joshua Gaglardi, President of Orion Construction.
The project aims not only to expand the
available employment land in the area but also to bolster Mission's
population growth and economic development. By focusing on
expanding the employment land, the project seeks to create a
sustainable foundation for long-term prosperity and community
development within Mission. The addition of a new fire hall will
not only bolster the area's safety measures but also accommodate
the increasing population with greater efficacy.
“Strategically located, the new Fire Station 4 will bolster
Mission Fire Rescue’s response capabilities in this rapidly growing
area and will support all three of Mission’s existing Fire Stations
by placing resources closer to their eastern response areas,” said
Ian Glasgow, Assistant Chief of Fire Prevention with the City of
Mission.
Buildings A and D will
be comprised of large-bay units, with buildings C and B comprising
of small-bay units. The small-bay units have garnered significant
interest from local entrepreneurs, with more than 85 per cent of
Phase 1 already pre-sold. Opportunities still remain in Phase 1 to
secure units between 14,000 and 20,000 square feet.
Media Contact: Jenna
Querengesser, Talk Shop
Mediajenna.querengesser@talkshopmedia.com778-288-1477
About Cedar Coast: Cedar Coast
is a Vancouver, B.C.-based real estate development and investment
firm with a 22-year track record of successful outcomes. We
currently have 33 active projects throughout British Columbia,
Oregon, Washington and North Dakota, representing over 4.4 million
sq. ft. of light industrial developments, 2,800 homes and condos,
and 1,250 rental apartments when fully built out. Each investment
decision is approached with a long-term view of creating winning
outcomes for their investment partners, team and the communities in
which they invest. https://cedarcoast.com
About Orion Construction: Orion
Construction is a leading design-build contractor located in
Langley, BC. Serving as an all-in-one construction partner, they
have revolutionized the construction of industrial, commercial, and
multi-family spaces through unified, solutions-based operations,
and a superior finished product. Led by Joshua Gaglardi, the Orion
team is committed to cultivating communities that meaningfully
transform how multi-family living is implemented in the British
Columbia housing sector. For more information about Orion
Construction visit: https://orionconstruction.ca/