Nice article about the event from Mercury HERE.
A new crane will soon be dotting downtown Guelph’s skyline as Fusion Homes officially broke ground today on its Metalworks development. A year after The Metalworks’ brand launch, construction has begun on the first 133 units in a development that will include more than 600 condominium units and townhomes when all five phases are complete.
The Metalworks’ first phase is 70% sold out and construction is expected to be complete in early 2017. When the first phase is complete, the City’s tax revenue on the property will increase 36 times over its current level.
“This is not just for the residents of The Metalworks, not just for people in the downtown and the Ward; we are creating something for the entire city of Guelph,” says Fusion Homes Chief Executive Officer, Lee Piccoli. “What started as a single vision has been transformed into something spectacular through the help of all our partners, the City of Guelph, and the Neighbourhood Association. The Metalworks would not be what it is today without the hard work and insights of many different people.”
“I am thrilled to be part of this milestone for downtown Guelph,” says Mayor Cam Guthrie, who participated in the groundbreaking. “The Metalworks development gives new life to an underused riverfront property in the heart of our downtown, and it will bring hundreds of people to live, work, and play here.”
The Metalworks is located on the site of the former W.C. Wood plant, which operated there from 1956 until 2010. The site’s industrial heritage dates back to the 1830’s, when the land was home to a distillery that was part of Allan’s Mill. It later was the site of a series of hardware and metal products manufacturers.
Fusion Homes collaborated with the Ward Residents’ Association throughout the planning process, holding regular meetings to ensure designs were compatible with the character of the historic neighbourhood.
“This moment is the culmination of years of policy work, planning, and collaborative efforts around downtown revitalization, brownfield redevelopment, heritage, and neighbourhood engagement,” says Mayor Guthrie. “This is the moment the work pays off, as we see underused land being transformed into something that will have a major positive impact on our whole community.”
This large and complex development is a significant outcome of the City’s economic development strategy and Downtown Guelph Community Improvement Plan, which includes policies, tools, and tax-increment based incentives to promote downtown renewal.
About Fusion Homes
Fusion Homes was established in 1999 by Lee Piccoli to create a new home builder company that would offer the highest level of customer service, fresh designs, premium quality features and finishes, underscored by an abiding commitment to integrity. Today, thousands of families live in a Fusion-built home in one of the company’s landmark communities across Southwestern Ontario. Fusion is currently building in Guelph, Kitchener, Waterloo, Tillsonburg, London, and now in the heart of downtown Guelph. In the history of the company, Fusion Homes has never missed a closing date. Fusion Homes has been named Ontario Builder of the Year by Tarion Warranty Corporation and has received the Tarion Award of Excellence for Customer Satisfaction in 2008, 2010, 2012, 2013, 2014 and 2015. For more information, visit fusionhomes.com.
About Invest in Guelph
Invest in Guelph represents the business development outcomes associated with the City of Guelph’s economic development strategy, Prosperity 2020. The purpose is to position and promote Guelph, Ontario as an investment ready and responsive community. For more information on the services provided by Business Development and Enterprise at the City of Guelph please visit guelph.ca/biz.