Investment Opportunity – KOOTENAY LANDING MIXED USE DEVELOPMENT

Investment Opportunity – KOOTENAY LANDING MIXED USE DEVELOPMENT

INVESTORS SOUGHT TO BRING THE VISION TO LIFE

Kootenay Landing DevelopmentA Kootenay Landing Master Plan for roughly 400 acres of land at the former Canfor mill site was developed in the summer of 2018 by the landowner (BIDCO). This is a mixed use development that will transform Canal Flats – creating cool experience amidst the mountains, and offering a mix of business, creator, and residential opportunities that will be the best value of all mountain communities in the region. The development proposes a number of building types and functions of interest to developers, builders and investors. The landowner has a number of active projects in the community, with a history of transforming small rural communities into economic and quality of place dynamos.

The Plan envisions:

  1. A water canal that provides a central amenity
  2. Approx. 1000 new residents at build out (150% of current population)
  3. A new downtown core
  4. An employment centre (CLTC) – roughly 75-100% of today’s Canal Flats labour force
  5. Mixed use commercial-residential approach
  6. Housing affordability via housing innovation (e.g. work-live, smaller, apartment/condo, etc.)
  7. Hotel accommodation
  8. Fibre connectivity with very high speed connectivity to the globe

The aim is to build an affordable mountain modern community that is unique among mountain communities…a community that re-imagines the types of jobs generated in rural communities, builds a village atmosphere that people are inspired by, builds affordable, innovative housing attractive to local workers, families, millennials, and footloose entrepreneurs and creators who are important to building a self-sufficient community, all connected by fibre broadband and district heating supplied by the Podtech data centre.

The plan reveal for Kootenay Landing follows announcement of the launch, and first business operations, and the Columbia Lake Technology Center (CLTC) in June 2018 (http://kast.com/canal-flats-welcomes-new-rural-tech-centre/). The CLTC features current operation of BID Group (www.bidco.ca) – North America’s largest fabricator of forestry mill sites, and Podtech – a 30MW provider of cryptocurrency mining and digital process solutions, and a manufacturer of scalable “MegaPod” modular container data centre solutions. Waste heat generating by the Podtech data center is envisioned to be used by 300,000 sq. ft. of greenhouses to be constructed. Eighty jobs are anticipated to be created on site by the end of 2019.

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