News

September 27, 2016
LEE VALLEY TOOLS COMING TO ROUNDHOUSE CENTRE IN WINDSOR 
 OPENING FALL 2016

Lee Valley Tools, a mecca for woodworkers and gardeners, is opening a retail outlet at the Roundhouse Centre this fall.

The store will feature a 15,000-square-foot showroom with a handcrafted wood and glass display case in the centre inspired by vintage hardware shops. The company sells tools, outdoors supplies, vintage toys, and household and kitchen items.

For more information visit:  http://www.leevalley.com/en/Home/page.aspx?p=74607

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August 26, 2016
Comfort Inn and Suites Ground Breaking in North Battleford 12_converted (2)North Battleford, SK —  Today was the ground breaking ceremony for the first new hotel for North Battleford and area since 2006.  The construction of the105 room, six storey hotel will begin in earnest today.The hotel is being constructed on 2 acres directly north of the Frontier Centre overlooking the Yellowhead highway and the scenic river valley. It is strategically located close to the new Cu Plex, the Frontier Shopping Centre and the Gold Eagle Casino.The hotel is a result of a partnership with the newly formed North Battleford Hospitality L.P., made up of the general partner CCR Hospitality/BCP Construction and several local investors, and Terracap Group of Companies, the owners of the Frontier Centre (mall).“CCR Hospitality/BCP Construction has been part of over 200 hotel builds in Canada and we are truly excited about this opportunity in North Battleford.  We are proud recipients of many awards including 2012 and 2015 Developer of the Year, Choice Hotels Canada,” stated Billy Coles, President of CCR Hospitality/BCP Construction.  “The revolutionary concrete and steel modular design will be a game changer in the construction industry and this new ‘tower’ build in North Battleford will be a first for Canada.”“The Terracap Group of Companies are no strangers to the hotel industry, with our latest hotel in Edmonton (The Staybridge Hotel) which opened in November of 2014.  We have explored investing in a new hotel here in North Battleford for some time, so when we met Billy and Chris from CCR Hospitality/BCP Construction and realized that they understood the potential for a new hotel in North Battleford as well as we did, we were excited to collaborate on this compelling project.  The fact that so many local investors came forward to support this project solidifies our opinion even more,” commented Larry Krauss, President of the Terracap Group of Companies.  “Impressive things are happening here in this community and Terracap wants to be a long term partner in the continued growth of this town and we have great plans for the Frontier Centre and the lands around it to encourage people to come, stay and enjoy their shopping experience in North Battleford.”Although the Mayor of North Battleford, Ian Hamilton, was not in attendance, he commented“On behalf of City Council and our community, I thank CCR Investments, BCP construction and Terracap for seeing the potential that North Battleford and area have and for their continued investment. We are always excited for new development and this hotel further demonstrates confidence in the local economy.  We are very much looking forward to a continued working relationship as we grow together.”The hotel is expected to open August 2017.

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COMING SOON – 1421 Yonge Street, Toronto

August 5th, 2016

1421 Yonge Street, Toronto (New Construction – 2018)

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The Development Property (referred to in the rezoning application as 1421 Yonge Street) is an assembly of five properties located on the east side of Yonge Street, between St. Clair Avenue and Pleasant Boulevard in Toronto. The Development Property comprises approximately 0.48 acre of land, and is currently owned by Terracap Investments Inc.

The Development Property is designated a “Mixed Use Area” in the City of Toronto’s Official Plan. The objective of this designation is to allow residents to live, work and shop in the same area and to reduce dependency on automobiles. The site is zoned CR 4.25, it permits for a variety of residential and commercial uses. In the immediate area surrounding the Development Property, buildings range in heights from 10 storeys to an approved 37 storey residential building. The Development Property is located within a “major transit station area”. To be consistent with the “Growth Plan” policies, the proposed height (151 meters) of the building is appropriate due to its proximity to the High-Order Transit Corridors.

The proposed development will be comprised of four (4) levels of underground parking, two (2) levels of retail, four (4) levels of office, one and a half floors of residential amenity space, and 38 levels of luxury residential condominium suites.

  • Excellent access to the TTC, with planned direct connection into theSt. Clair subway station;
  • Proximity to full range of amenities, such as banks, fitness centres, grocery stores, restaurants,, high-end shopping and dining options;

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Lee Valley Tools opening in Windsor this fall at the Roundhouse Centre

Lee Valley, a mecca for woodworkers and gardeners, is opening a retail outlet at the Roundhouse Centre this fall.
Lee Valley, a mecca for woodworkers and gardeners, is opening a retail outlet at the Roundhouse Centre this fall. 

Lee Valley Tools, a mecca for woodworkers and gardeners, is opening a retail outlet at the Roundhouse Centre this fall, the Ottawa-based company announced Thursday.

The store will feature a 15,000-square-foot showroom with a handcrafted wood and glass display case in the centre inspired by vintage hardware shops. The company sells tools, outdoors supplies, vintage toys, and household and kitchen items.

Lee Valley has 18 stores in Canada, from Halifax to Victoria. The Windsor outlet will become the 38-year-old Canadian retailer’s ninth store in Ontario.

The nearest store now is in London. The Windsor store will be bigger than the London one, said Victoria Kirk, a spokeswoman for the company.

She said the Windsor store will go into vacant space in the Roundhouse Centre. The Roundhouse Centre would not say Thursday which storefront that will be or when Lee Valley will take over the space.

“Based on the size of the market, current customer feedback, local interests and consumer habits, Windsor is a good location for a new store,” said Kirk. Kirk said she is unable to comment on whether the company is hoping to attract U.S. customers.

The company is already looking to hire staff for the new store. It is trying to recruit managers, a shipper/receiver, someone to run the showroom, and a seminar co-ordinator.

The company has its own line of tools and sources another 5,000 items from manufacturers around the globe. The company was founded in 1978 by Leonard Lee. Lee, who was made an Member of the Order of Canada in 2002 for his entrepreneurship, died last week.

http://windsorstar.com/news/local-news/lee-valley-opening-in-windsor-this-fall

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Staybridge Suites West Edmonton Receives Congratulatory Letter from The Government of Alberta’s Culture & Tourism

April 6th 2016

The Staybridge Hotel & Suites in Edmonton Alberta ‎continues to demonstrate and reflect the extreme excellence of our Terracap team and the  Staybridge Hotel & Suites staff for their hard work and continued success.

 

Click on document to enlarge

Letter - Alberta Culture & Tourism - Staybridge Hotel & Suites

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Staybridge Suites West Edmonton Receives Several Top Awards in 2015

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EDMONTON — Staybridge Suites West Edmonton achieved top-ranking positions across five major travel sites in 2015.

The 126-room hotel, owned by Terracap Management Group, first opened in 2014 and has since garnered a collection of accolades. Last year, the hotel received the TripAdvisor Certificate of Excellence, Alberta Hotel & Lodging Association 2015 to 2016 Housekeeping Award, ranked among Trivago’s Top 10 Hotels in the Prairies and was named the number-1 hotel in Edmonton by TripAdvisor. The property also maintained top honours in Booking.com’s list of top Edmonton hotels and Hotels.com’s list of top West Edmonton hotels.

“We are the first upper-scale extended-stay suite hotel in Edmonton, which makes us fairly unique in the market,” says Mark Perry, GM for the Staybridge Suites West Edmonton. “But it is our dedication to the guest experience that truly sets us apart. The Crescent Hotels & Resorts management team empowers our entire staff to make our guests’ experience outstanding, and they all engage with this very actively.”

Staybridge Suites West Edmonton offers a mix of studio and one-and two-bedroom/two-bathroom suites, along with more than 700-sq.-ft. of meeting space, guest laundry room, fitness centre, indoor pool, 24-7 business center, 24-7 guest lounge, and outdoor living room with barbecue and fire pit.

http://www.hoteliermagazine.com/staybridge-suites-west-edmonton-receives-several-top-awards-2015/

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Developer pledges to work with community on 42-storey condo plan at Yonge & St. Clair

 

Large 42-storey Yonge and St. Clair tower was recently rejected by community council

 

Josh Matlow stands in front of the proposed site.

Terracap developers were told to go back to the drawing board last month after Toronto and East York Community Council rejected their proposal for a 42-storey building near the southeast corner at Yonge and St. Clair.

Their original proposal called for a mixed-use building with 420 residential units, two levels of retail space and 136 parking spaces.

The proposal was refused largely because of the height and density, as well as the narrow setback that would have taken away sidewalk space.

“It would have just felt like a big wall on Yonge Street,” Ward 22 councillor Josh Matlow said.

A public meeting had been held in June with several hundred in attendance, and although only one person spoke in favour of the project, others took to social media and accused the councillor of NIMBYism (“not in my backyard”). But Matlow said it really has nothing to do with that.

Midtown has seen no end to development in the past decade with many applications still in process for the area. But Matlow said the neighbourhood is not against this — what they are against is ignoring zoning restrictions and packing as many units into one building as possible.

“This location was zoned for mid-rise, not towers,” said Matlow, who added that reducing the argument down to pro- or anti-development positions would be missing the point.

Jason McAuley, vice-president of planning and development for Terracap, said the company wants to work with the community.

“[It’s] too premature to say whether we will scale back in height.… However, when it comes to the pedestrian realm, architecture for the building, we feel we can work with that, no problem,” said McAuley.

Another part of the issue lies with the Toronto Transit Commission and the concern over the St. Clair streetcar being blocked by the building. But McAuley said they are in active talks with the TTC to work around this, although he would not say what that could look like.

City planner, Emily Rossini said she wishes developers would come in with applications that are actually suitable for the land space.

“We always prefer when applicants want to work with us and work with the community to work on the site. We hope that something comes in on the site that is more appropriate,” she said.

From here, Terracap has two options: head back to the drawing board and negotiate a plan that works for the community or appeal to the Ontario Municipal Board.

At this point McAuley said it’s too soon to say what they will do next but that a plan is in the works.

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September 21, 2015

North Battleford mall adding 100-room hotel

Posted by: Colin Stockwell on Friday September 4, 2015, Battlefords Now

A new hotel is being added to North Battleford’s southeast commercial district.

Frontier Centre celebrated its 40th anniversary Thursday with an announcement that a 100-room Comfort Inn and Suites is being built behind the mall along Carlton Trail.

“We think that North Battleford is really growing,” said Larry Krauss, CEO of mall owner TerraCap Management. “We think there’ll be good strong demand for it and it’ll enhance the community as well.”

Krauss says they’re also planning to develop the north side of Carlton Trail between the CUplex and Walmart over the next few years.

It’s actually fairly immediate,” he said. “We’re looking to create the pads and attract the tenants.”

Construction of the hotel is set to begin this fall, and finish late next year.

http://battlefordsnow.com/story/1963/north-battleford-mall-adding-100-room-hotel 

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April 15, 2015

TERRACAP ANNOUNCES ITS INVOLVEMENT IN THE RETAIL CONDOMINIUM DEVELOPMENT OF GALLERIA CENTRE

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Terracap is excited to announce its involvement in the development of Galleria Centre. The development team lead by Terracap includes the ownership of Galleria Supermarkets, Tradeworld Realty, Turner Fleischer Architects, Harris, Sheaffer LLP, and Straticom Planning Associates.

With a building area exceeding 220,000 square feet, Galleria Centre will encompass over 600 retail units on two levels and include approximately 1,000 parking stalls within a 5-level parking facility. Anchoring the shopping mall will be a 38,000 square foot Galleria Supermarket and a 5,000 square foot HSBC bank branch.

The development team has designed a shopping centre which will include amenities such as a dedicated state-of-the-art performance stage, a grand food court and property-wide Wi-Fi. Galleria Centre will be a vibrant and upscale shopping centre that provides for an upmarket shopping experience with a high quality mix of culinary, retail and service uses.

Located in the City of Mississauga on Dundas Street East, just east of Dixie Road, Galleria Centre will be conveniently located in close proximity to the Queen Elizabeth Way, Highways 427 and 403, the Dixie GO Station, and the Kipling TTC Station. Also nearby are major retailers including banks and mega-stores such as Canadian Tire, Costco and Wal-Mart.

With its warm, sophisticated ambience and upscale offerings, Galleria Centre is set to become a new landmark of the Greater Toronto Area.

For information regarding retail condominium unit sales please visit www.galleriacentre.com or call 1-888-603-3550.

For further information regarding Galleria Supermarkets please visit www.galleriasm.com.

For other inquiries regarding Galleria Centre or Terracap Management Inc., please contact our office at 1-800-363-3207.

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March 26, 2015

FRONTIER MALL CELEBRATES 40 YEARS!

Frontier Mall located in North Battleford, Saskatchewan is celebrating it’s 40th year of existence. The article below, provided by the Battleford Daily News gives us a climpse back in time as to how it all began.

40 Years for Frontier Mall

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40 Years for Frontier Mall
1975-2015By Ken Sanders
City of North Battleford Historic Archives Volunteer Committee Member

Yes, it has now been 40 years for the Frontier Mall, how time flies!

In researching for Archives Week 2015, I went through many newspaper articles from 1973, 1974, 1975 and 1976 looking for information regarding the construction and beginning days of the mall.

The first announcement came on September 14, 1973 with the News Optimist reporting that an Edmonton firm was to develop the east mall.  Construction of the $6,000,000.00 shopping complex with approximately 237,000 square feet of floor space was to start on September 19, 1973.

There was some controversy with the City as to if they would be allowed to build as there were two other firms looking at the building there also.

After an eight and a half month delay, during which time City Council was bombarded with numerous requests to consider additional shopping center developments, a permit was finally issued.  The permit allowed for the construction of a 260,000 square foot, 35 unit shopping plaza with a completion date of April 1, 1974.

The mall was to contain as anchors, a 67,000 square foot Woolworths Store as well as a large Metropolitan store, an OK Economy Super market and a Saan Store.  As it turned out, the completion date was moved forward to April – May 1975 as reported in another paper.

In researching, there never was an official opening date for the mall as it was somewhat piecemeal as one store after another opened in the year 1975.  Of course there were the major tenants: Woolworths, Metropolitan, Saan in 1975 and the opening of the Safeway grocery store on Tuesday, November 19, 1975.

One year later as the Mall had a 1 year Celebration June 10-19, 1976 the list of tenants grew.  It included Maher Agencies; Accent Shop; Dodmen’s Lawn and Garden; Safeway; The Met; Aurora Decorative Products; Bata Shoes; Mini Twin Theatres; Old Heidelburg; Reitman’s; Saan; Rollie’s Men’s Wear; Shoppers Drug Mart; Sound City and Radio Shack; Woolworths; Neil’s Jewelry; Point Optical; TC Piano House; Bank of Montreal; Hunter’s Sport Shop and Fuzzies.

As I look back myself to the year 1975, the residents were ready for the self contained shopping experience and took to it readily.  Others may remember, particularly Thursday nights, when shoppers walked from the Woolworths Store to The Met in masses.  It seemed it was somewhat of a social occasion on Thursdays to be there.

Who remembers the first Tim Horton’s experience?  Would that have been in the corner of The Metropolitan Store in the 1970’s?

Over the years there have been many changes and uses for the mall but it has stood the test of time and continues to provide services to the community.  In closing, I must say that I have found it very interesting researching this subject and would like to wish the Frontier Mall a Happy 40th Anniversary.

http://battlefordsdailynews.com/40-years-for-frontier-mall/

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March 13, 2015

Terracap Management Inc. finalizes deal with BNSF Railway in Dayton,Texas

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October 21, 2014

Terracap Management Inc., is proud to announce the opening of their NEW Hotel in Edmonton, Alberta – STAYBRIDGE SUITES.

STAYBRIDGE SUITES is located at: 16929 109th Avenue North West, Edmonton, Alberta, T5P 4P6

For Reservations please call:  1-(877)660-8550  or 1 (780)484-6223 – BOOK NOW!!
www.staybridgesuites.com/westedmonton   

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