How Will Cade Barr Business Park Transform Mission’s Economy?

October 23, 2024

The development of the Cade Barr Business Park in Mission, British Columbia, spearheaded by Cedar Coast, marks a significant milestone not only for the company but also for the local economy. Planned at the intersection of Cade Barr Street and Dewdney Trunk Road, this project is projected to be Mission’s largest-ever industrial initiative, aiming to expand the town’s light industrial base by over 25%. Currently, the project is being carried out by Orion Construction, and it represents Cedar Coast’s first venture in the area. Its completion is expected to address the critical shortage of industrial space in Metro Vancouver, positioning Mission as a more attractive destination for businesses and entrepreneurs.

Phase 1 and Economic Impact

Phase 1 of the Cade Barr Business Park commenced this past summer and aims for completion by the third quarter of 2025. This initial phase includes the construction of Buildings A and B. Building designs reflect a blend of large-bay and small-bay units, intending to meet diverse business needs. Buildings A and D are designed for large-bay units, while Buildings B and C are targeted for smaller enterprises. The keen interest from the local business community is evident, with over 85% of Phase 1 units already pre-sold. The units range in size from 14,000 to 20,000 square feet, providing flexible options for businesses of various scales. This level of pre-sales shows the significant demand for such spaces and bodes well for the success of the project.

Aaron Fedora, Cedar Coast’s Vice President of Development, has emphasized the economic significance of the Cade Barr Business Park. According to Fedora, this development will not only offer infrastructure to support hundreds of new jobs but also drive new commercial advancements in Cedar Valley. The practical implications of this are far-reaching, from increasing local employment opportunities to fostering a more dynamic business environment. As businesses move into these new spaces, they will attract additional ancillary services and vendors, creating a ripple effect that will bolster Mission’s overall economic growth.

Community and Entrepreneurial Support

The development of the Cade Barr Business Park in Mission, British Columbia, led by Cedar Coast, marks a key achievement for both the company and the local economy. Situated at the crossroads of Cade Barr Street and Dewdney Trunk Road, this ambitious project is set to become Mission’s largest-ever industrial undertaking. It aims to grow the town’s light industrial base by more than 25%, which is significant given the current shortage of industrial space in Metro Vancouver. Orion Construction is the firm tasked with bringing this vision to life, and this venture is Cedar Coast’s inaugural project in the area. The completion of the Cade Barr Business Park is expected to make Mission a more appealing location for businesses and entrepreneurs alike. By addressing the pressing demand for industrial spaces, the park promises not just to bolster the local economy but also to attract new investments. This development symbolizes a major step forward, offering the potential to transform Mission into a thriving hub for economic activities and innovation.

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