Ladysmith’s latest slice of commercial real estate is slated for completion early in the new year.
Phase one of Oyster Bay Quay (OBQ), bordering the Trans-Canada Highway between Ludlow Road and Oyster Bay Drive, will be ready for occupancy by Feb. 1, say Carol and Garry Wagenaar, owners of Terra-North Inc., the property’s developers.
The Wagenaars have owned the property since 2005, Carol said, and they’ve always envisioned the site as an “attractive gateway into the community,” but it wasn’t until May 2012 that they broke ground.
Now that the fire- and earthquake-proof building is nearing completion, Carol said they’re “really excited” and appreciative of the support they’ve received from the Town of Ladysmith.
“We have this super downtown filled with amazing historic buildings,” Carol added. “And now we’ll have a great new building to round out the town’s real estate portfolio.”
Carol said the site provides tenants with “beautiful office space” and unparalleled exposure to an average of 24,000 cars a day as they filter past on Highway 1.
The building is designed to accommodate adjustable demising walls, Carol added, allowing units to be sized according to tenants’ needs. Should a tenant decide they’re in the market for a two-storied unit, Carol said holes can be cut in the second floor to accommodate stairwells.
Once construction of the first phase is complete, tenants can expect to have their units “up and running” within five to six weeks, Garry added.
Decorative stonework on the building’s corners has been completed, and the installation of ornamental aluminum siding is now underway. Sidewalks along the building’s east and west faces have been poured, and paving of the lot is scheduled for the last week of November.
The windows and doors will be framed and installed “within the next two weeks,” Garry added.
Larry Wall, construction manager at OBQ, said that while it’s not very cost effective given the climate here, tenants will have the option of installing solar power if they’re so inclined.
Ocean Marine, currently housed in a temporary building located on the site of phase two, will open its doors at its new location in phase one of OBQ “on or about Feb. 1,” Carol said. The remainder of phase one will be ready for occupancy at the same time.
Keven Ratcliff, owner and operator of Ocean Marine, said he can’t wait for the move.
“It’s one of the biggest things going in Ladysmith right now, so everyone’s always asking me about it,” he said.
He described his business as a provider of “anything and everything for boats, from pleasure crafts to commercial boats to BC Ferries, and from retail to wholesale.”
“Anything you need for a boat, we can get it for you,” Ratcliff added.
Ocean Marine will occupy the lower level of OBQ, facing Home Hardware and the harbour.
It’s an ideal location for his shop, he added, considering it’s on the main route through town to the government docks.
“People turn off the highway, stop and pick up what they need, then head on down to the harbour,” he said.
A rezoning application for OBQ is in the works, Carol said.
OBQ is currently zoned I1, or light industrial. Rezoning the site to include limited retail and office space will be the topic of discussion at a neighbourhood information meeting scheduled for Wed., Nov. 21 from 6-8 p.m. at the Frank Jameson Community Centre’s program room.
For leasing information, contact Carol and Garry Wagenaar at email@example.com or visit the Oyster Bay Quay website.