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North Industrial, Saskatoon - Wikipedia, the free encyclopedia

North Industrial, Saskatoon

From Wikipedia, the free encyclopedia

City of Saskatoon Neighbourhoods
North Industrial
North West Industrial Suburban Development Area
River City Centre Mall
River City Centre Mall
Industrial land Selling Price: $170,000-$260,000 / acre
Average Building Selling Price: $55/Square Foot
Total Land Area 639.9 acres
Occupancy 93%
Vacant Lots 44.5 acres
Serviced undeveloped 98%
IH zoned 248.08 acres
IH Occupancy 44%
IL1 zoned 347.30 acres
IL1 Occupancy 56%
c2006[1][2]

North Industrial is a thriving industrial community in the city of Saskatoon, Saskatchewan, which consists primarily of industrial and retail development.

Contents

[edit] Industrial Characteristics

Undeveloped land, office space, and existing industrial facilities are available in Saskatoon albeit considering Saskatoon's economic growth over the past years has been exponential. Industrial footage can be rented between $4.00 and $7.00, whereas Office square footage runs about $6.00. North Industrial contains Suburban Office Housing by providing 20.9% of Saskatoon's office real estate or 451,607 square feet (41,955.7 m²).[3] The north industrial fully serviced premium location industrial lots sell for about $190,000 an acre. [4]

Investment agencies see Saskatoon as providing a valuable return for the dollar. Colliers real estate market analyzers have been quoted to suggest that the cost for an acre of fully serviced land in the north industrial is 47 per cent higher in the year 2007 than during 2005. So a lost with power, water and sewer would have cost $170,000 in 2002, whereas the investment is worth $250,000 in 2007.[5]

[edit] Layout

51st Street is the northern edge of this industrial area. Idylwyld Drive runs concurrent with Highway 11 or Louis Riel Trail which runs concurrent with the Yellowhead Highway and Highway 16 marks the western boundary. Whereas Railway tracks which are parallel to Millar Avenue mark the eastern. To the south Circle Drive which is concurrent with the Yellowhead Highway, Trans-Canada Highway, and Highway 16 is included. At the southern perimeter all properties which extend from Venture Crescent and 40A Street East.

Until the late 1990s, North Industrial also included the industrial lands north of 51st Street, west of the rail line, and east of Idylwyld Drive up to 60th Street, but a reorganization of community boundaries resulted in the area north of 51st Street being redesignated Hudson Bay Industrial.

[edit] History

The Skyway Drive-In remained open until the mid 1970's and was located north of Circle Drive or 42nd Street or at the SE quarter of Section 34, Twp. 28, Range 24, Meridian W3. Presently if it was still existing it would be just north of 44th Street between Faithfull Avenue and Northridge Drive.

[edit] Retail Sector

[edit] River City Centre Mall

River City Centre Mall
River City Centre Mall
River City Centre Mall
Facts and statistics
Location North Industrial, Saskatoon, Saskatchewan, Canada
Owner Sunstone Holdings of Regina
No. of anchor tenants 6 Sport Mart, Sears Home Centre, Giant Tiger, Staples, Scott's Parables, Dollarama
Parking above ground free
No. of floors 1

River City Centre Mall is Saskatoon's first big box venture, which seems to be the new layout for developers. This River City Centre Mall located at Circle Drive and Millar Avenue sold for $22 Million in April of 2006.

[edit] See also

List of shopping malls in Saskatoon

[edit] 51st Street industrial retails sector

Princess Auto and Lee Valley Tools are new arrivals to the scene.[6]

[edit] Hotels, Motels

  • Saskatoon Travelodge Hotel[7]

[edit] Recycling

SARCAN recycling in the North Industrial is located at 2327 Faithful Ave.[8]

[edit] Transportation

[edit] City Transit

Saskatoon Transit

[edit] Bridges

42nd Street Bridge connects the North Industrial conveniently with many major highways and cities for trucking route of the industrial sector and trading economics. The bridge also services connection between the eastern side of the City of Saskatoon enabling consumer and employee transportation.

[edit] Location

Coordinates: 52°9'42"N 106°40'2"W

North: Hudson Bay Industrial
West: Airport Business Area North Industrial East: Lawson Heights Suburban Centre
River Heights
South: Kelsey-Woodlawn

[9]

[edit] References

  1. ^ Real Estate Hot CommodityURL accessed February 18, 2007
  2. ^ Brunsdon Junor Johnson Appraisals, Saskatoon Real Estate Market Information, Saskatoon EconomyURL accessed February 18, 2007
  3. ^ Saskatoon Office Market Study - Brunsdon Junor Johnson AppraisalsURL accessed February 18, 2007
  4. ^ {http://www.sreda.com/saskatoon-profile_land-building-devt.php Saskatoon Regional Economic Development Authority - SREDA}URL accessed February 18, 2007
  5. ^ [http://www.newstalk650.com/index.php?p=ntnews&action=view_story&id=5945 News Talk 650 Prices Climbing For Land In North Saskatoon February 09, 2007 Rod English Reporting]URL accessed February 18, 2007
  6. ^ Saskatoon Retail SurveyURL accessed February 18, 2007
  7. ^ Saskatoon Travelodge Hotel - Saskatoon Saskatchewan HotelURL accessed February 18, 2007
  8. ^ City of Saskatoon · Departments · Utility Services · Environmental ...URL accessed February 18, 2007
  9. ^ Selling an Idea or a ProductURL accessed January 27, 2007

[edit] External links


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