Investing in history – Invest Medicine Hat

Investing in history

Creative City / News / People / Professional Services / Real Estate

Medicine Hat entrepreneurs continue to invest in historic buildings.

Oct. 17, 2018

Walking through the century-old Green Brothers Block in downtown Medicine Hat, Mike Anderson saw the future home for his growing company, Squareone Consulting.

And so Anderson purchased 627 3rd Street SE in August 2017, an 8,000-square foot two-story building, located in the heart of downtown, near several other major redevelopment projects.

Next door, the landmark Hutchinson Block is now occupied by FWBA Architects. Across the street, Travois Ale Works is set to open a brewery and 55-seat tasting room in a converted 1930’s era building.

From their home-base in Medicine Hat, Squareone monitors and tests the air quality of buildings while aiding contractors through the asbestos removal process. As post-war buildings across Western Canada undergo conversion and demolition, there is a growing need for the service.

“The office on the second floor is the perfect amount of space for Squareone,” says Anderson. “At this point, we needed a central office space where we can be productive, meet with clients and store equipment.”

In addition to building a new office on the second floor, Squareone invested in aesthetic upgrades to the building’s long-time main floor tenants, Labels for Men and Labels for Women.

Both retailers are well-established clothing boutiques who continue the tradition of selling high-end clothing out of the Green Brothers Block.

“We like the feel of being downtown,” says Joel Longmore, co-owner of Labels for Men. “There’s a sense of community with a lot of businesses working together.”

If all goes according to plan, the property will soon have an updated façade as well. Anderson plans to apply to upcoming versions of the Downtown Development Incentive Program (DDIP) grant to assist with exterior renovations.

With well-established retailers on the main floor and Squareone’s office upstairs, the Green Brothers Block is the latest downtown property to undergo a facelift and house new tenants. 

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