October 10, 2017
Meadowlands Development Corporation is breaking ground on 31 acres of commercially zoned land that has been vacant for 30 years.
“The market came looking for the land,” says Curtis Presber, chief of finance and operations for Meadowlands. “The city has been growing steadily in the south end for the last five years and this is one of the last opportunities for major commercial development in the area.”
Established in 1949, Meadowlands Development Corporation is a Medicine Hat commercial and residential real estate development company.
The company owns 31 acres of land at the eastern end of Strachan Road, near the Walmart Supercentre, and is adding utilities to eight of those acres in preparation for Sun City Hotels’ $15-million, 120-room Best Western Premier Executive Residency Inn.
Sun City Hotels expects to pour the foundation this fall, making it the third new hotel to spring up in the area this year.
Meanwhile, construction sites down the road are a flurry of activity.
Canalta and South Country Coop are in the midst of transforming 17 acres of greenfield land on Strachan Road into a gas bar and car wash, hotel and restaurant.
Brentwood Developments is making progress on redeveloping a long vacant Wal-Mart at Strachan Corner, which is to be anchored by a Save-On-Foods.
“This is the most commercial activity we’ve seen in a long time,” says Ryan Jackson, CEO of Invest Medicine Hat. “Economic fundamentals are strong and we have good labour availability. The time to build is now.”
Southlands is one of Medicine Hat’s six major commercial nodes. The largest parcels of land are anchored by Home Depot, Walmart Supercentre, Sobey’s, Canadian Tire, Loblaws and the Medicine Hat Mall.
Medicine Hat serves a catchment area of approximately 100,000 people in Southeast Alberta and Southwest Saskatchewan. Sited along major transportation arteries, Southlands sees traffic counts of over 42,000 vehicles per day from the Trans Canada Highway, Dunmore Road and Strachan Road.
“Meadowlands has been waiting for the right kind of commercial development,” says Presber. “The hotel is a go and we have been approached with a couple of ideas for the remaining lots, which are still available. We look forward to speaking with potential investors.”