Work on Martensville’s newest commercial strip mall is underway, and just two weeks into construction, one business, a dental practice, has committed to set up shop.
Stephan Bourassa of FDG Developments, Inc., the investment company building the strip mall, says Martensville is a great place to invest and build right now, and he and his partners are encouraged about the interest in their space so far. “Everything going on in Martensville right now, from commercial development to steady population growth, led us to choose the city as a place to invest,” says Bourassa.
The 8,500 square foot building, located on .81 acres along on Centennial Drive South and purchased from North Prairie Developments, will be divided into three separate 2,850 square foot bays. Each bay will be able to accommodate any type of commercial or retail business or organization. Construction on the strip mall should be complete by November 1.
The strip mall joins a long list of businesses that have recently expanded or announced plans to expand to Martensville. Last month, the City and TRX RV announced that a 15- acre RV Mall, the first of its kind in Saskatchewan, will be built in Martensville, along with a new 20-acre Northlands Business Park. Taco Time, Tim Horton’s, Dairy Queen, Little Caesers Pizza, Second Cup, Pharmasave, Canalta Hotels and Saskatoon Co-op have all recently moved into, or confirmed plans to move into Martensville.
Bourassa says that in addition to the prime location of his property, the city offered a very attractive incentive program for new developments. “The City met with us and walked us through the incentive application process, and approved all of our building plans according to the timelines we set out,” says Bourassa. “Doing business with them went very smoothly.”
Dillon Shewchuk, City of Martensville Community & Economic Development Manager says commercial tax is a factor businesses strongly consider when deciding to move into the City.
“Last year the Canadian Federation of Independent Business recognized Martensville as having the lowest commercial taxes among Saskatchewan cities,” says Shewchuk. “That, and the high traffic counts passing by the city, certainly provides a huge benefit for business owners.”
For more information on the City of Martensville contact:
Manager, Community & Economic Development
(306) 931-2166 ext. 26
For more information on the FDG Developments Inc. Strip Mall, contact:
Colliers Real Estate