Development Spotlight: Burnswest
Burnswest's industrial space rezoned
The Burnswest development at 118 East Lake Crescent is primed to benefit from a recent site-specific land use amendment.
The trio of modern facilities were completed in 2007, repainted two years ago, and currently house a variety of businesses with easy access to the Queen Elizabeth II (QEII) highway. The new zoning change to Direct Control (DC) allows for a wider range of businesses to locate in the complex, which Burnswest property manager Steven Harding said will benefit the community.
“This property answers all those needs for tenants that are looking for a space close to [Calgary], but with more favourable rates of being outside of the city,” said Harding, who’s been in the commercial real-estate business for 34 years.
The new zoning is an opportunity for a variety of renters to benefit from the 16,000 square feet of available space for rent in the buildings constructed of tilt-up concrete panels.
“It presents itself with an almost retail feel,” said Harding of the industrial buildings.
Harding said the taxes are less than half of a similar building in Calgary, and operating costs are about 30 per cent less. He is optimistic the space will fill up fast, and estimates the industrial vacancy rate for southern Alberta is less than 5 per cent.
Harding envisions a microbrewery, health care offices, or warehouse sales locating in the facility.
Tenants currently include BevMax, Explosive Edge and NAPA Auto Parts among others. This spring, three new tenants are moving in – Speedy Muffler Tire & Auto Repair, Canadian Copacking Group and Petersen Contracting.
“That's going to lend a little bit more excitement to the property,” said Harding.
For more information about Airdrie non-residential real estate inquiries, please contact Airdrie Economic Development. For information on the Burnswest development, reach out to Harding by emailing firstname.lastname@example.org.
Story and photography by Britton Ledingham.
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