Invest

regina_downtown_6

Investment Resources

Regina’s Downtown is undergoing some major changes – from the first new skyscraper development in more than two decades, to the construction of the Festival Plaza along Twelfth Avenue, to other proposed office tower and residential developments – our skyline will be quite different in the years ahead.

New Development

Construction on Harvard’s 20-storey Hill Centre Tower III skyscraper on the northwest corner of 12th Avenue and Hamilton Street commenced earlier in 2011. Recent proposals for new commercial development include a 16-storey, 440,000-square-foot building on the northeast corner of 12th Avenue and Rose Street, as well as a smaller office building on Albert Street on the site of the old Coronet Theatre. Developers have also put forward proposals for three new residential developments (Capital Pointe, Gardens on Rose and Centre Square Place).

“If and when all these projects come to fruition, Regina's skyline will be dramatically changed and the downtown will be a denser, more vibrant place. The new buildings show the growth and prosperity happening and the willingness of developers to invest here.” – Things looking up for downtown, Regina Leader Post, May 24, 2011

The City of Regina has also recently announced the Regina Revitalization Project - a plan to redevelop 53 acres of land in the heart of Regina. The project would not only link Regina’s Downtown to Regina’s Warehouse District, but would result in a further commercial and residential development in Regina’s Downtown.

At the Regina Downtown Business Improvement District (BID), we’re excited about what the future holds for our Downtown and for those who own and operate businesses within our neighbourhood.

Business Downtown

BusinessResourcesFor anyone thinking of relocating or starting a business in Downtown Regina, there are plenty of reasons why locating Downtown is good for your business. They include:

  • No business tax.
  • Downtown businesses become members of the Regina Downtown Business Improvement District and benefit from the services offered by the organization.
  • More than 25,000 people currently work Downtown. With all of the new developments happening, that number will increase substantially over the next five years.
  • Approximately 1,270 residents live Downtown and 11,000 people reside in the immediate surrounding area.
  • Access to amenities such as transit, banks & daycare facilities.
  • Every year, approximately 500,000 visitors stay at one of our 10 downtown hotels. Hotel guests are also patrons to downtown businesses.
  • According to a 2007 survey conducted by Colliers International, Regina has the second lowest parking rates in Canada. Monthly parking rates average $125/month and daily rates average only $6.75/day.
  • Free wireless Internet access for you and your customers.

Residential Downtown

RD_Development_Opportunities_2011-1This is the vision for Downtown – a vision shared by residents that are experiencing a renewed interest in their core. Now more than ever, Downtown Regina is seen as the hub for business, culture, shopping and tourism, at the centre of a thriving community. And now more than ever, residents are looking for an opportunity to not only work, shop, and play Downtown, but to live Downtown.

Over the next 15 years, Downtown Regina is expected to become a place where walking from your home to a restaurant with an outdoor patio is expected and not unheard of, a place where spectacular urban design emphasizes the luxury of Downtown living, a place where lush parks are defined by landmark built form, a place where arts and culture dominate, and a place where a rich architectural history is celebrated alongside new development that expresses Regina’s optimistic future.

The future of Downtown Regina is a place that will offer a clear alternative to the traditional suburban lifestyle: an urban lifestyle.

That lifestyle is something that just can’t be found in the suburbs. Downtown Regina will be about enjoying the multitude of shops and services already located in the core, walking and bicycling to work, enjoying an urban forest defined by a canopy of street trees, having convenient access to 21st century public transit, experiencing the beauty of new and historic built form alongside historic architecture and enjoying year-round festivals and markets.

It’s a lifestyle that is sought due in part to the changing demographics of Canadian cities. Postgraduates, young professionals, empty-nesters, baby-boomers and new retirees are all looking for an opportunity to live in a walkable, vibrant, and exciting Downtown neighbourhood.

This demand for an urban lifestyle is being supported by the City of Regina in an effort to populate the core. By providing a framework for redevelopment and reurbanization, the City is extending its hand to developers to be a part of this exciting time for Regina’s Downtown Core.

For more information, read our Development Opportunities report.

Resources

For more information about doing business in Downtown Regina, please consult with any of the following entities:

City of Regina

Enterprise Saskatchewan

Regina Arts and Business Network

Regina Chamber of Commerce

Regina Realtors

Regina Regional Opportunities Commission

Saskatchewan Young Professionals and Entrepreneurs (SYPE)

Spring Board West Innovations

Women Entrepreneurs