A rendering of PC Urban's IntraUrban Cornerstone, a seven-acre light industrial strata development planned for McCallum Road in Langford, across from Costco. PC Urban
Seven-acre industrial project coming soon to McCallum Road across from Langford's Costco
MIKE KOZAKOWSKI, CITIFIED.CA
Published October 19, 2021
A seven-acre light industrial strata project is set to launch this winter at 830 McCallum Road in Langford as developer PC Urban announces its second investment into the West Shore’s burgeoning industrial market.
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The Vancouver-based company has unveiled plans to build a 160,000 square foot, three-building complex that it says will become the largest light industrial strata development in Langford, with an estimated completion window of early 2023.
“Strata ownership opportunities for small and medium sized businesses in a land constrained community like Victoria continues to be in high demand, and our IntraUrban branded industrial projects have been recognized as providing high quality industrial strata industrial developments across B.C.,” says PC Urban CEO, Brent Sawchyn.
“This site is in the heart of the Langford with quick access to the Trans Canada Highway. With the growth of e-commerce boosted by the pandemic, there are more opportunities for companies looking to leverage different ways of doing business. Industrial strata offers long term security and growth for companies wanting to control their own destiny.”
Known as IntraUrban Cornerstone, its 50 available spaces will range from approximately 2,500 square feet to 5,900 square feet, with 25 foot ceiling heights and heavy floor load capacities.
Already in pre-sales and 40% sold in the City of Colwood (along the Old Island Highway) is IntraUrban Colwood, a three building light industrial strata rising in place of the former Galaxy Motors automotive dealership property. IntraUrban Colwood is PC Urban’s first light industrial project on the south Island. The company is also developing a rental complex in the City of Victoria at 43 Gorge Road East.
Meanwhile along West Shore Parkway a 33-unit light industrial strata development is now in its early stage of construction from Calgary-based 945 Developments. Known as West Shore Business Park, the project is expected to complete in 2022.
Lease rates for light industrial property, according to commercial real-estate brokerage Cushman & Wakefield, are sitting below 0.5% across the region, and at virtually zero per-cent in Langford. The lack of available space has caused issues for local businesses seeking to expand operations or operate within appropriate premises and leading some to seek alternatives like garages, the brokerage claims. C
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