NOW LEASING NOW LEASING LARGE FORMAT RETAIL OPPORTUNITIES HIGHWAY 99 AND 16TH AVENUE SOUTH SURREY, BC HIGHWAY 99 AND 16TH AVENUE SOUTH SURREY, BC

Transcription

1 NOW LEASING LARGE FORMAT RETAIL OPPORTUNITIES 16 Avnu JACK ALLPRESS* *Prsonal Ral Estat Corporation DAVID MORRIS* MICHAEL HECK

2 HIGHWAY PROPERTY OVERVIEW SALIENT DETAILS Th subjct sit is a rar opportunity to b part of a nw rtail dvlopmnt providing a dominant position to srvic both th xisting population of South Surry and th futur growth ara of Grandviw Hights. HIGHLIGHTS Surry is on of th fastst growing citis in Canada with a population of 534,720 (2017) and is xpctd to grow an additional 7.5% by 2021 Ovr 4,200 units of nw rsidntial dvlopmnt wr accountd for in Surry at th nd of 2016 and alrady 2,500 units by th nd of May 2017 South Surry is th most afflunt ara of Surry with an avrag houshold incom of $114,557 surpassing Surry s avrag houshold incom of $101,850 and BC s provincial avrag of $89,340 Convnint connctions to th Unitd ats through Pach Arch and Pacific Highway bordr crossing via Highway 99 Surry s rapid growth still continus to provid affordabl housing prics compard to othr citis such as Vancouvr, Richmond and Burnaby CIVIC ADDRESS Highway 99 & 16 Avnu (SW cornr) CURRENT ZONING Rzoning from RA to CD (basd on C-8 and IB-3); Dvlopmnt Prmit to prmit a rtail and businss park dvlopmnt. TRAFFIC COUNTS Highway 99: 62,095 vhicls pr day Highway 16: 12,900 vhicls pr day GROSE LEASABLE AREA Approximatly 323,200 SF PARKING Surfac alls: Approximatly 165 Covrd alls: Approximatly 850 Total alls: Approximatly 1,015 Parking Ratio: 3.5 stalls pr 1,000 SF ACCESS Intrchang at Highway 99 and 16 Avnu Futur controlld accss on 16 Avnu TIMING Q (stimat) AVAILABILITY 1,000 SF - 100,000 SF OPERATING COSTS TBD ASKING RATES Plas contact listing agnt MARKET OVERVIEW OPEN Grandviw Hights is a thriving up and coming nighbourhood within South Surry. With 2 out of 5 nighbourhood concpt plans approvd, Grandviw Hights has sn a ris in rsidntial, commrcial and industrial dvlopmnt in th ara. Surry s Official Community Plan (OCP) was amndd in 2001 to includ a strong businss dvlopmnt focus and policis to crat a strong and sustainabl local conomy. Grandviw Hights Highway 99 Corridor was idntifid as an attractiv ara for businss, with th ability to achiv th OCP s conomic dvlopmnt targts. Highway 99 and 16 Avnu falls within th Highway 99 Corridor Plan. Th Plan is intndd to furthr strngthn Surry s businss dvlopmnt focus and is xpctd to gnrat approximatly $300 million to $350 million in nw businss proprty assssmnts and hom to ovr 6,000 nw jobs. PRIMARY TRADE AREA POPULATION 93,164 CANADA USA CLOSE PROXIMITY TO THE US BORDER 6,000 + ANTICPIATED NEW JOBS WITHIN HWY 99 CORRIDOR PLAN AVERAGE HOUSEHOLD INCOME $114,557 WITHIN SOUTH SURREY 323,000 SF TOTAL RETAIL SPACE 99 BC PROMINENT LOCATION HWY 99

3 PRELIMINARY SITE PLAN Proposd Right In/ Right Out Futur Signalizd Intsrsction Proposd Uncontrolld All Dirction Intrsction 16th Avnu (12,900 VPD) Parking atistics Surfac alls: Approximatly 165 Covrd alls: Approximatly 850 Total alls: Approximatly 1,015 Parking Ratio 3.5 stalls pr 1,000 SF 1 ory Rtail 1 ory Rtail Highway 99 (62,095 VPD) Futur Rsidntail Dvlopmnt 15 Avnu (Proposd Extnsion)

4 RENDERINGS VIEW FROM 16TH AVENUE, LOOKING SOUTH Highway 99 (62,095 VPD) 16th Avnu (12,900 VPD) VIEW FROM 16TH AVENUE, LOOKING WEST Highway 99 (62,095 VPD) 16th Avnu (12,900 VPD)

5 RENDERINGS ENTRY FROM 16TH AVENUE VIEW FROM HIGHWAY 99, DRIVING NORTH

6 NOW LEASING 1. DEVELOPMENT MAP y 5, A REDWOOD PARK DARTS HILL PARK 16th Avnu (12,900 VPD) 16 Av ,880 Suburban Rsidntial ,010 1,400 2,130 2,830 Transition Rsidntial ,200 1,620 MULTIPLE RESIDENTIAL (15 TO 45 UPA) HIGHWAY 99 COMMERCIAL CORRIDOR 1,739 1,404 S Currnt dvlopmnts idntifid on th following pag 1B 126 TOTAL 5,050 6,310 7,570 14,140 17,670 21,200 7,720 10,010 12,300 20,670 26,770 32, d oo Urban Rsidntial w Rd Multipl Rsidntial 7, REDWOOD ESTATES 19A Av A Av TREE MANAGEMENT INTERFACE Highway A A Av 172 4, Av 164 3, High A 2, A Md 24 NCP # Av N URBAN DENSITY CLUSTER FORM A A A Low 16 High 21 Av 18 Av Av 7 Md chool/park ocal Park (2 to 4 AC) D) VP Low 5 High 19 SUBJECT SITE 09 Md 24 Avnu 19 Av 2, POPULATION NCP #4 22 Av 20 Av (6 Aldr Pl rnways DWELLING UNITS 16 Av URBAN DENSITY 9. CLUSTER FORM 16 9 y9 w 16A Av 39 nkags Low Av /H 160 rt y w n H do in oy la Cr r-b LR Buffr v A Rd ublic Opn Spac and Park tility Right of Way 164 rt u co n Va 15 9 vd Bl c la Li h t cb M 18stitutional Av A Av 21 Av NCP # Av 28 Av Hwy 15 / Pacific Hway y Hw b rg o A 8 G R 15 lip Pop aighbourhood r Tu 18A Av Commrcial Acrs 163A No Cu m r ia ALR BUFFER AND FUTURE STUDY ARE SCIENCE OF THE SOUL 28B Av NCP #5 23 Av ng Ki o Br Av Rsidntial (15 to 45 upa) ultipl Nt Acrs Pl r Av Av 23 Av Av 26A Av Av ly an Cr a on dr uburban Singl Family Rsidntial Rd d st 10 9 ansitional Dnsity (2 to 4 upa) rban Rsidntial (4 A to 15 upa) om r 7 TY OF SURREY DENSITY ASSUMPTIONS 6 Grandviw Cntral ural 25A Av NCP #5A 2 23A Av DEVELOPMENT DEPARTMENT adrona Bow lr D r RESIDENTIAL LAND USE 26 Av NCP #1 29A Av A Grandviw Cornrs 162A Pl SCIENCE OF THE SOUL v Av 29 26B Av 26A Av H i llviw r 155A SOUTHRIDGE SCHOOL SOUTH RIDGE SCHOOL 27 A v 27A Av 27 Av viw C 4. D od s Wo y nl Morgan Crossing 27B Av orth 166A l 29 Av Av d ar v ul Bo 12 30A Av 31 Av ntry Co u g or lc P n Viw H G 11 Moun 162A t ai Av 4 31 Av v 3 0B A 16 3 ng Ki 30 30B Av 166 South Point Exchang 170A 31 A 5 162A Av 32 Avnu v SUBURBAN SINGLE FAMILY RESIDENTIAL 20. URBAN RESIDENTIAL (4 TO 15 UPA)

7 CURRENT DEVELOPMENTS COMPLETED & UNDERWAY NOW LEASING 1. Th Woods Avnu; 96 Townhoms; Gramrcy 2. Th Smith rt; 40 Townhoms; Ikonik Homs 3. Olivr Townhoms rt, 57 Townhoms; Woodbridg Proprtis 4. South Ridg Club Mountain Viw iv & 159 rt; 70 Townhoms; Adra 5. Wstsid at Orchard Grov rt; 50 Townhoms; Miracon 6. Hycroft Avnu; 30 Frhold Rowhoms; rtsid Dvlopmnt 7. MORGAN by MOSAIC 94 units townhous; Mosaic Homs 8. Morgan Crst 28 Avnu & 164 rt; 36 Homs; Bnchmark Homs Ltd. 9. Th Hamptons Avnu; 117 Townhoms; Lgndary Dvlopmnts & Essnc Proprtis 10. Notting Hill Avnu; 49 Townhoms; Royal Proprtis Ltd. 11. Th Hights rt; 66 Condos; Lakwood 12. Hyd Park 28 Avnu & 156 rt; 156 Townhoms; Zntrra 13. Sakura Avnu; 75 units, townhous; CastlHill Homs 14. Rzon to dvlop approximatly 360 rsidntial units (RM-45) and an assistd living dvlopmnt of approximatly 158,600 SF floor ara 15. Rzoning from RA to RF-12, RF-9 and RF-SD in ordr to allow subdivision into 36 singl family small lots and 2 smi-dtachd rsidntial lots. 16. Rzoning from RA - RF -12 and NCP Amndmnt to prmit th subdivision into 13 rsidntial lots 17. Rzoning from RA to RF-12, RF-10 and RF-SD to allow for subdivision into 19 singl family lots 18. Application to rzon from RA to RF-12 in ordr to subdivid into 14 singl family small lots 19. To prmit rzoning from RA to RF-12 and subdivision into 73 singl family lots 20. Application to rzon a portion from RA to RF-12 and RF for subdivision into 18 singl family lots and crat a parcl for parkland 21. Dvlopmnt Prmit to prmit th dvlopmnt of 6 singl family small lots and 1 rmnant lot. 22. To prmit th dvlopmnt of 25 rsidntial lots 23. Th Estats at Southwood and Morgan Crst 168 & 22 Avnu; 59 singl family homs; Bnchmark Homs 24. Mundi/Hungrford Group; Application anticipatd for townhous + mid-ris rsidntial dvlopmnt 25. Evolv a rt; 30 unit townhom; Essnc Proprtis 26. Prscott Commons Avnu; 122 units condo; Polygon Homs 27. South Point Walk Phas unit townhous and condo; rtsid Dvlopmnt 28. Old School Avnu; 94 unit townhous; Dawson & Sawyr 29. Zikron rt; 46 unit townhous; Hayr Proprtis 30. Olivia Mountain Viw iv; 37 unit townhous; Woodbridg Proprtis 31. Kitchnr 101 unit townhous; Mosaic Homs 32. Soho 24 Avnu & 163 rt; 170 unit townhous; Zntrra 33. Orchard Park 168 rt & 25 Avnu; 50 unit townhous; rtsid Dvlopmnt 34. Edgwood Gat 21 Avnu & 166 rt; 96 unit singl family hom; Foxridg Homs 35. Hudson 41 unit townhous; Ikonik Homs 36. Orchard Grov 18 unit singl family homs; Ikonik Homs 37. Quinn rt; 31 unit townhous; Mortis 38. Dawson s Crk Avnu; 80 unit townhous; Dawson & Sawyr 39. South on Avnu; 22 unit townhous; Mortis 40. Rzoning from RA to RF-12, RF-10 and on rmaindr split-zond lot (RF-SD, RF-12 and RF-10).; Dvlopmnt Varianc Prmit to allow subdivision into 18 singl family lots. proposd Lot Rzoning from RA to RF-12, RF-10 and on rmaindr split-zond lot (RF-SD, RF-12 and RF-10).; Dvlopmnt Varianc Prmit to allow subdivision into 18 singl family lots. 42. Rzoning from RA to CD ; Dvlopmnt Prmit to prmit th dvlopmnt of a 183- unit townhous complx 43. Subdivision from four to 58 lots and 1 park lot 44. Pacific Hights 18h Avnu and 168th rt; Approximatly 129 RF-12 and RF lots; Canadian Horizons Total Singl Family Dwllings: 665 Total Townhous Unit: 1,689 Total Multifamily Units: 548 Ovrall Total: 2,902

8 FOR SALE 716 JOHNSON STREET, 723 PANDORA AVENUE, 532 FISGARD STREET VICTORIA, BC NOW LEASING LARGE FORMAT RETAIL OPPORTUNITIES PRIMARY TRADE AREA USA SUBJECT SITE Highway 99 (62,095 VPD) 16 Avnu (12,900 VPD) 2016 ESTIMATES & PROJECTIONS PRIMARY TRADE AREA 3 KM 5 KM 10 MIN All Dirctional Hwy Intrchang Population 93,164 36,067 68,119 63,818 Futur Signalizd Intrsction Population Growth % 5.3% 5.6% 6.1% Housholds 39,641 16,006 29,373 29,256 Avrag Houshold Incom $112,050 $97,929 $103,394 $103, SEYMOUR STREET VANCOUVER, BC V6B 5A6 T F FORM.CA Th information containd hrin has bn prpard by Form Rtail Advisors Inc. for advrtising and gnral information only. Form Rtail Advisors Inc. maks no guarants, rprsntations or warrantis of any kind, xprssd or implid, rgarding th information including, but not limitd to, warrantis of contnt, accuracy and rliability. Any intrstd party should undrtak thir own inquiris as to th accuracy of th information. Form Rtail Advisors Inc. xcluds unquivocally all infrrd or implid trms, conditions and warrantis arising out of this documnt and xcluds all liability for loss and damags arising thr from. This communication is not intndd to caus or induc brach of an xisting listing agrmnt. FORM RETAIL ADVISORS INC.