42 Carden is a joint project between 10 Carden Shared Space (10C) and Chalmers Community Services Centre (Chalmers), both not-for-profit organizations, and with 10C as the lead operator and majority owner. The building was purchased in 2015 as a natural expansion for 10C, which had established Guelph’s hub for community activators and changemakers since 2009 just down the street in a smaller location.
Located in an iconic location on the most desirable street in downtown Guelph, the new 42 Carden shared community space is a fully renovated 15,000 sq. ft. building, boasting amenities such as commercial office spaces, rooftop gardens, full accessibility, and a 30 sq. ft. patio. The space will be used to fuel the social change sector in Guelph and enable the local changemaking organizations.
To finance the purchase, redesign, and renovation of the new location, 42 Carden is issuing a series G of Community Bonds which are secured, interest-bearing bonds with a five-year terms to maturity. This follows on its successful previous series of Community Bonds A to F, which are all nearly fully subscribed. Investors in 42 Carden will be part of redeveloping a major real estate asset for the benefit of the community. To date, 42 Carden has raised $1,325,000 from 105 investors.
Capital raised figures include amounts raised both on and off platform