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200 Intermarket (Cambridge)

YongeBloor

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@ZEBuilder asked me to shoot this, he will provide more info I'm sure when he sees this.
IMG_5705.jpg
 
I'm just going to loop a bunch of properties together since most of this area is all owned by the same developer and this just happens to be the one of the buildings under construction. If the mods want to break it into individual threads that's fine.

Within the lands known as the East Side Lands in Cambridge there is really four areas, the area north of Middle Block Road which is owned by Madison and will be a residential subdivision. The area between Middle Block Road and Allendale Road, which is the IPort Cambridge lands and some lands owned by Intermarket Properties (future development). The areas to the east of Fountain Street (some existing development but no proposals yet), then lastly the areas south of Allendale Road.

The vast majority of the lands to the south of Allendale Road went through the subdivision application process under the name IP Park and is being developed by Intermarket Properties. Generally the properties are designed to be smaller scale industrial, the lands that weren't part of the process are generally on the south side of Allendale between Intermarket Road and Fountain Street and are the properties I mentioned in the IPort thread having been developed by Fengate and Dream, there is a small section of land along the CP corridor that is also not owned by Intermarket and was not included in the subdivision.

The area originally started servicing works in 2020 where Allendale Road was reconstructed, Boychuk Drive was built and Phase 1 of Intermarket Road was built (between Boychuk and Allendale), Phase 2 extended Intermarket Road to Middle Block Road in 2024. Once servicing was completed in the IP Park subdivision work started on some of the first buildings. In this case the first building to start construction was land sold by Intermarket to Angstrom Engineering at 160 Boychuk for their office. In the following years 140 and 180 Boychuk were both constructed (owned by Intermarket) and were leased in full or part to Heritage Warehousing and HongSheng Thermal Systems.

Intermarket has also sold a piece of land from the originally approved subdivision to Broccolini who will be developing their own property but still utilizing the IP Park name, they are calling it The Link at IP Park Cambridge. They have also sold a piece of property to GrandBridge Energy who are the municipally owned hydro company serving Cambridge, Brantford and North Dumfries, who will be installing a transformer station on their property to feed some of the proposed uses.

In the below image the lands outlined in red are all lands that are owned by Intermarket. The property outlined in blue was sold to Broccolini, the property in green was sold to GrandBridge, the property that has a building that is not outlined was sold to Angstrom Engineering, lastly the property outlined in orange is not owned by Intermarket and was not part of the IP Park subdivision.

IP Park.jpg


Currently the property is being phased such that works along Boychuk (the street that roughly runs east-west is being developed first, so far it contains 140, 160 and 180 Boychuk as mentioned before. 175 and 155 Boychuk will be the next two properties. 175 Boychuk will be right next to the transformer station, this was done purposefully as 175 Boychuk is intended to be a data center. There have been talks between the Region of Waterloo and Intermarket to use excess heat from the facility to heat the Region of Waterloo owned buildings along Maple Grove (Waterloo Region Police HQ, Regional Operations Centre, Paramedics, Environmental Enforcement and Lab). Water to cool the data center is expected to be taken from the nearby water tower on Maple Grove.

155 Boychuk will be adjacent to the data center and will span to eastern edge of the light brown coloured crops in the field above (I have also attached the site plan) the remainder of the lands owned by Intermarket Properties on the south side of Boychuk will be known as 135 Boychuk. One thing to note is 135 Boychuk is an abnormally shaped property which will also include a substantial easement for the Region of Waterloo, as such the future site plan may make some interesting design decisions just because of the land they have to work with. The lands for the easement have changed once already, hence there is nothing public for 135 Boychuk until the Region finalizes their plans. When the Region does eventually decide to make more information on that particular project public I will make a thread for it.

The lands owned by Intermarket Properties opposite of the lands owned by the adjacent developer has a holding provision in place, preventing it from being developed until the lands can be adequately serviced. This requires a second connection to a municipal road, in this case Boychuk Drive will be extended to King St including crossing the CP tracks and hydro corridor. In the image attached above you can roughly make out the future alignment.

Lands along Intermarket Road were intended to be later phases, however the picture that YongeBloor posted is of 200 Intermarket Road which is at the corner of Allendale Road and Intermarket which is part of the phase 2 area. That building has agreements in place for roughly 50% of the units, unless something has fallen through in recent months. They were paving 200 Intermarket Road roughly around the 20th/21st of November just in time for winter to strike KWC. In mid September they were installing the precast wall panels for 200 Intermarket Road.

200 Intermarket Rendering
200 Intermarket.jpg


175 Intermarket Rendering (Data Center)
175 Boychuk.jpg


155 Intermarket Rendering
155 Boychuk.jpg


155 Boychuk Site Plan
155 Boychuk SP.jpg
 

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