Building permits in 2015 easily toppled the 2014 stats
By
Mark Schadenberg
Brad
Hammond and Len Magyar (pictured) continue to be among the busiest people running around
at City Hall at 500 Dundas Street.
The
city’s economic development office has been very astutely and actively selling city-owned
commercial / industrial lots, which in-turn creates more construction in the
Friendly City, which in-turn creates more roads and future taxation, and more employment,
and later more home sales and furniture purchases.
The
Bysham Park area of Woodstock is on the east side of Lansdowne Avenue, but last
autumn the city engineering department completed a road connecting Dundas with
Devonshire further east than Lansdowne and it’s is called Woodall Way. You
could say that with this extra infra-structure many new businesses have already
been lured to this area, which already includes Seagrave Drive running
east-west (parallel to Dundas).
According
to the city council agenda of Feb 4, the Fritz Construction site is 10.4 acres
in Bysham Park and will create as many as 25 permanent jobs, plus also create another
new road to connect their future access road (see map) to an extension of
Seagrave. The folks at Fritz plan to build an approximate 60,000 square foot
structure. The purchase price was over $750,000, but the added incentive for
city hall to celebrate is that Fritz also has the right of first refusal to buy
another 8 adjoining acres in the future.
Fritzall
Meanwhile,
Ingersoll-based Ontario Refrigerated Services is building a new structure in
Commerce Way Park along Parkinson Road, and when you factor in the addition at
the police station on Dundas Street you can see that Woodstock is in store for
quite a productive year by the long list of building permits.
Read
the link from the Woodstock Sentinel-Review to see the entire scope of these
various projects, but it’s certainly good news for Woodstock.
Keep
in mind, additions to both Steel Technologies on Beards Lane and the truck
manufacturing at Hino Motors in Patullo Ridge have also recently announced expansion
plans. Hino is adding more job too, as was made public at its recent 10th birthday party.
***********************
Kyjo & Norwell Dairy are building in Woodstock too
It
was at the Feb. 18 meeting around the city council horseshoe where the 2015
building permit report was announced and it too was terrific news as total
construction for 2015 was $140 million versus $98 million in 2014. The actual
total of permits issued rose to 713 compared to 622 in 2014.
As
already stated, employers hire employees, who in-turn buy homes. Of the $140 million
last year, about 90% was for residential bricks and mortar. However, a vast
majority of that total was actually for the empty-nester or the more mature crowd as
building permits for the new Tri-Car building on Finkle, the new Sierra-built apartments
on Lakeview, and the John Goodman condo complex on Munnoch easily lead the list of
projects.
Now
that some of these buildings are appearing – coming to fruition -- I should
write my next post on the actual numbers you can attach to specific current building
projects. By the way, both the Finkle and Lakeview apartment buildings are
rentals and not to-be-bought condos.
Len Magyar
LINKS:
www.sierraconstruction.ca
()()()()()()()()()()()()()
I'm always promoting Oxford County
as a great place to live and work !
Mark Schadenberg, Sales Representative
Senior Real Estate Specialist (SRES designation)
Royal LePage Triland Realty Brokerage
757 Dundas St, Woodstock
(519) 537-1553, cell or text
Email: mschadenberg@rogers.com
Twitter: markroyallepage
Facebook: Mark Schadenberg, Royal LePage Triland
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