As president of Gorge Holdings, it is my job to seek out new opportunities for developing commercial, industrial and residential properties.
Ontario has been a very desirable and competitive market for real estate development in all sectors of the market: commercial, residential, and industrial. Although it may be competitive, there are still many great development opportunities.
While I’ve written on this blog previously about Gorge Holdings’ developments in Welland and St. Catharines, today I would like to share some of our other upcoming property developments.
Read on to learn more about Gorge Holdings’ exciting new properties in London and Thorold.
Bellevue North
Bellevue North is a luxury rental apartment building located in London, Ontario. Gorge Holdings partnered with local development group, Domus Developments, to construct this 60 unit rental building.
My brother, Tyler Fletcher, is overseeing this new residential development after I purchased the land for Gorge Holdings Inc. several years ago when I was looking to expand the company into new areas of Ontario.
My vision for this project was to bring a luxurious, french inspired and architecturally pleasing residential rental building to North London. Our goal was to develop large, bright and spacious suites to attract retirees, empty nesters, and young professionals.
The building is a four-story, 60-unit structure with suites ranging from 1 bedroom to 3 bedrooms. The property, located in North London’s Upper Richmond Village, is surrounded by ponds, parklands and walking trails.
I think the location is perfect for this type of residential building. It’s in close proximity to golfing, dining, groceries, entertainment and shopping, including the Masonville Mall. The building is at the final stages of construction and will be fully completed this summer.
Thorold Industrial
In Thorold, Gorge Holdings’ latest industrial development is currently under construction.
In 2020, I purchased approximately 20 acres of industrial-zoned land in Thorold. I believed the land would be an excellent addition to Gorge Holdings’ current portfolio, and two years later I’m even more confident that this will be a great success.
The initial purchase was made during the first half of the pandemic — a very difficult and unpredictable time.
At the time I bought this property, the whole country was shut down and we were all very uncertain what the future would bring.
However, because Gorge Holdings owned the development adjacent to this land and we felt the industrial market in Niagara had potential to grow, we felt confident in our decision to purchase the property.
Phase 1 of the development consists of approximately 75,000 square feet of rentable space and will be completed this Fall.
We have some great local and national tenants moving into this phase of the development. Everything is going well and I am looking forward to starting Phase 2 soon.