North Industrial, Saskatoon
| City of Saskatoon Neighbourhoods | |
|---|---|
| North Industrial | |
| North West Industrial Suburban Development Area | |
 | |
| Industrial land Selling Price: | $170,000-$260,000 / acre |
| Average Building Selling Price: | $55/Square Foot |
| Total Land Area | 639.9 acres (2.6 km2) |
| Occupancy | 93% |
| Vacant Lots | 44.5 acres (180,000 m2) |
| Serviced undeveloped | 98% |
| IH zoned | 248.08 acres (1.0 km2) |
| IH Occupancy | 44% |
| IL1 zoned | 347.30 acres (1.4 km2) |
| 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.
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]
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.
History
The Skyway Drive-In remained open until the mid-1970s 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.
For many years, the southern boundary of the area was 42nd Street. Development of the Circle Drive ring road resulted in 42nd Street being renamed Circle Drive in the mid-1960s, though it's still common to hear longtime residents using the old name (and, by association, the Circle Drive Bridge to the east is often called the "42nd Street Bridge". Construction of Circle Drive facilitated the opening up of North Industrial to development, although the bridge and northeast leg of the freeway wasn't constructed until the early 1980s.
Retail Sector
River City Centre Mall
River City Centre Mall | |
 | |
| 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 |
| No. of floors | 1 |
| Parking | above ground free |
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 2006.
See also
List of shopping malls in Saskatoon
Recycling
SARCAN recycling in the North Industrial is located at 2327 Faithful Ave.[5]
Transportation
City Transit
Bridges
The Circle Drive 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.
Location
Coordinates: 52°09′42″N 106°40′02″W / 52.161667°N 106.667222°W
Places adjacent to North Industrial, Saskatoon | |
|---|---|
References
- ^ Real Estate Hot Commodity URL accessed February 18, 2007
- ^ Brunsdon Junor Johnson Appraisals, Saskatoon Real Estate Market Information, Saskatoon Economy URL accessed February 18, 2007
- ^ Saskatoon Office Market Study - Brunsdon Junor Johnson Appraisals URL accessed February 18, 2007
- ^ {http://www.sreda.com/saskatoon-profile_land-building-devt.php Saskatoon Regional Economic Development Authority - SREDA}URL accessed February 18, 2007
- ^ City of Saskatoon · Departments · Utility Services · Environmental ... URL accessed February 18, 2007
- ^ Selling an Idea or a Product URL accessed January 27, 2007