Making Money in Summerside
Summerside has long presented a compelling case for business investment. What it has not done is tell everybody about it... until now.
Easy market access, lower costs and sophisticated infrastructure, along with international partnerships, make Summerside’s value proposition extremely attractive. The City has quietly created a unique environment in which local and international brands can access an experienced workforce, world-class infrastructure, and a supportive and engaging business community, along with pro-business government support. Underpinned by investments in low-carbon energy and technological innovation, Summerside’s latest developer opportunities are founded on solid and secure ROI principles.
Skyrocketing growth driving demand
With growth skyrocketing to triple-digit demand in all sectors, while available real estate sits at an all-time low, Summerside is now inviting developers and investors to come to lend a hand and make some money. Current vacancies in housing, retail, commercial and industrial are in the single digits, well below provincial and national standards, putting demand for space at an all-time high. The City needs serious investors and developers to help secure pent-up demand.
Looking closer at Summerside’s credentials reveals a City that has all the main-street capabilities of a larger urban setting, but with a stronger sense of investment potential. From its fiber-to-the-curb initiatives, investments in wind, solar battery and explorations into hydrogen, Summerside has the expertise and mindset to sustain stable and long-term ROI for investors. In fact, Summerside delivers a demand for space that will be driven by world-class companies for years to come.
Ripe for secure, safe returns
Recent highlights from third-party studies confirm some of Summerside’s specific requirements:
• There is an anticipated need for an additional 1,025 to 1,250 housing units in the City of Summerside over the next 15 years.
• Anticipated demand will require a boost of approximately 655 to 800 lots for 625 to 760 single-family dwellings and 410 to 500 multi-unit dwellings.
• Industrial demand is in excess of 90,000 square feet with less than 25,000 of mixed-condition space currently in the market.
• Retail demand is in excess of 100,000 square feet with less than 60,000 of mixed-condition space in the market.
• Office demand is in excess of 40,000 square feet with less than 12,000 of mixed-condition space in the market.
2 immediate mega projects ready to roll
The Core Block is an exclusive parcel of shovel-ready lands totalling just under an acre in Summerside’s historic downtown. It is all set for mixed-use development. The City is looking for high-calibre developers with a proven track record of architecturally significant projects to design, build and lease.
The Summerside Business Commons is PEI’s first Green Industrial Park. This 14-acre facility is designed to provide optimum energy and cost-effectiveness for eco-minded companies seeking the balance between sustainability and efficiency. It is located in the heart of Summerside, close to all amenities and features seven fully serviced lots with a planned 115,000 square feet of leasable, premier light- manufacturing/processing space. Intelligent green features and innovative building solutions – including facility sharing, energy and water management – will be overseen and managed by an experienced team of professionals who work with the community and the environment to continuously support a sustainable platform for tenant success.
The park’s first 16,000 square foot building is scheduled to start this fall and will be one of PEI’s first Certified Passive-Energy Industrial Facilities. The City of Summerside is currently looking for a developer to bring an industrial client and construct this building for them on one of the park’s fully serviced lots.
Signs of success
Home to big businesses including renewable energy, aerospace, and IT sectors, Summerside has earned a reputation for unique growth-support programs that truly set it apart. The $70 million Sunbank project, the City’s new hotel, 68,000 square feet of integrated-circuit absorption, and continuing growth across all business sectors serve as living proof that the City is serious about ensuring projects happen and investors/developers make money.
For more information contact:
Director of Economic Development, City of Summerside.
902.432.0103 / firstname.lastname@example.org
Request for Tenders
Eco-Park Building 01 Construction
This work will be for the construction of a purpose-built 16,000 SF light manufacturing facility, located at the Lot 4 Innovation Ave in the recently constructed Eco-Park Business Commons. The building will target Passive House Certification.
Sealed tenders will be received at the City Hall Tender Box, 1st Floor, 275 Fitzroy Street until 1:00:00 pm AST, Tuesday, October 12th, 2021. Lowest or any tender bid is not necessarily accepted.
Tender forms, specifications, and plans may be obtained from Open Practice Architects via email at email@example.com. A Non-Refundable Deposit of $250.00 per set of drawings will be required.
Bidders can alternatively email firstname.lastname@example.org to register for a copy of the tender documents and any addendums to be sent to your email address. Non-registered tenders will not be opened.
Industrial Building up for Sale
Aaron Stavert, MRAIC
Open Practice Inc.—Collaborative Architecture
67 King St. Charlottetown, PE C1A 1B4
The City of Summerside led by the Department of Economic Development is inviting proposals for the purchase of 185 Greenwood Drive Industrial Complex informally known as the Summerside Venture Centre, PID 472548.
Interested parties can contact Mike Thususka at email@example.com or visit the website.
Summerside in Numbers
If interested in learning more about investment opportunities, economic development support or opportunities for growth, please call our Economic Development Professionals.
We would love to chat.
Alternatively, you can email us at firstname.lastname@example.org.
It could be the most profitable email you ever send.
Director of Economic Development City of Summerside
275 Fitzroy Street, Summerside PE C1N 1H9
M: 902.432.0103, E: email@example.com
LET’S BUILD THE FUTURE TOGETHER!