22 / 28 & 36 QUEEN STREET COBOURG ON MIXED-USE CONCEPT STUDY

Transcription

1 22 / 28 & 36 QUEEN STREET COBOURG ON MIXED-USE CONCEPT STUDY June 14, 2018

2 PREIJMINARY ISSUED for DISCUSSION WITHOUT PREJUDICE

3 PLANNING CONTEXT Provincial Policy Statement Focus growth in existing Settlement Areas Efficient use of land & existing infrastructure Supports active transportation Growth Plan for the Greater Golden Horseshoe (GGH) Will facilitate intensification of an underutilized property in a "Built Up Area"

4 PLANNING CONTEXT County of Northumberland Official Plan Focus growth in Urban Areas Regeneration of Urban Areas Encourage efficient use of existing and planned infrastructure with various forms of residential intensification Cobourg OP & Zoning Plan to comply with all requirements with the exception of a minor variance required to the zoning for 22/28 Queen St regarding a side yard setback.

5 LAND COST COMPARISON Background of 22/28 Queen Street Own by an Ontario Number company for about 10 years Rezoned to a 5 storey mixed use condominium building Did not proceed to develop the land Sold to Queensview Garden Inc. in June 2017 Purchase price $1,050,000.00

6 LAND COST COMPARISON Proposal to Acquire 36 Queen Street 36 Queen street is a public parking lot own by the town of Cobourg After studying the planning context from all level of government, Queensview propose to acquire 36 Queen Street from town Combine 22/28 & 36 Queen Street to develop a mix-use condominium building Retain all present zoning guideline with only minor variances Pay to town of Cobourg a lump sum of $600, Provide equivalent public parking spaces currently available on 36 Queen Street

7 LAND COST COMPARISON Capital Cost for Aquisition $600,000 lump sum payment Cost of creating 64 parking spaces ($30,000 per space x 64 = $1,920,000.00) Total initial capital cost $2,520,000.00

8 LAND COST COMPARISON Benefits from the Combined Parcels of Land Achieve the Highest and Best use of the land Continue to provide public parking at the town recommended rates Lump sum payment Increase development charges Increase on property tax revenue Township will not be responsible for any cost to maintain and operate public parking

9 PROPERTY TAX REVENUE 22 Queen Street (stand alone) Residential Net Saleable 39,351 sf x $500/sf = $19,675,500 Mill Rate x $19,675,500 = $292,454.66/year Retail Commercial Net Saleable 4,375 sf x $450/sf = $1,968,750 Mill Rate x $1,968,750 = $66,941.24/year Total Tax Revenue $359,395.90/year

10 PROPERTY TAX REVENUE 22 & 28 Queen Street (combined) Residential Net Saleable 63,568 sf x $500 = $31,784,000 Mill Rate x $31,784,000 = $472, Retail Commercial Net Saleable 5,965 sf x $450 = $2,684,250 Mill Rate x $2,684,250 = $91, Total Tax Revenue $563, Revenue increment $204,307.89

11 PRIEDUHARY ISSUCI) FOR DISCUSSION WITHOUT PREJUDICE

12 : MON, I *111 11*412* QUEEN STREET VICTORIA PARK PRELDIINAR'f ISSUED FOR DISCUSSION WITHOUT PREJUDICE A

13 Typical Massing Diagram

14 Typical Massing Diagram - 114H-N " DEAD ZONE 100 TYPICAL LAYOUT STRATEGY

15 Typical Massing Diagram

16 Overall Massing Diagram

17 Overall Massing Diagram Mow _A4iiiti kASSING BLOCK

18 Required Setbacks and Zoning Envelope

19 Building Floors

20 Additional Setbacks

21 Sky Garden

22 Heritage Podium

23 SKY GARDENS GRADE RELATED PARK SUITES GREEN YARD AND LANDSCAPE BUFFER 424. FEATURE 1'44> 04, ' 4./04, VICTORIA PARK PREUMMARY ISSUED FOR DISCUSSICN WITHOUT PREJUDICE

24 PRELOGNARY ISSUED ror DISCUSSION WITHOUT PREJUDICE

25 Underground Massing Diagram

26 Underground Massing Diagram Q06, PUBLIC PARKING AREA ---

27 Underground Massing Diagram PARKING ait PUBLIC PARKING AREA / /

28 SOW U4 S. f 1 111{11 fl {OEM lee 19e01 mu, {11/1.171 tog J fellkneffalit 111/05 elf Mil 1 I ' 21,44 I =I [ ] 0 ri a ri!l sum V117, 0 0 MIME PRELIMINARY ISSUED FOR DISCUSSION WITHOUT PREJUDICE

29 Ground Floor Massing Diagram

30 Ground Floor Massing Diagram

31 Ground Floor Massing Diagram

32 Ground Floor Massing Diagram

33 160P I 12 g 111W1111 AMER SEERS I MI PPS PUPS Si I POPS AIIM R1 / "MP SIAM f0 S i Silso S PON GOP IMO PP ILI so 3NV19NLISIX3 [ IS SPIPPIA SOP1 Si so SWAP MPG ILIss SU mM LOOS, L. P. Ps) MOCK MO MOWN/ I IOU MOP NUM IMP I PPP MX man ws Ill so ME IRMO RI 6 ILI so 1 SMIll PPE PUP PP rle UMW& SOP. Pal _ It sou 4r i _y olln sons sum QUEEN STREET PRELIMINARY ISSUED FOR DISCUSSION [WITHOUT PREJUDICE

34 Ground Floor Massing Diagram

35 Second Floor Massing Diagram litatt r- - -Lf - allis , ri RESIDENTIAL 2 STOREY UNIT.

36 Second Floor Massing Diagram RESIDENTIAL

37 OOP NM I. 1:4 I I Tr i I--, I 1. I L i i 1 '31,. J 3s v-p um nuns an Ix 3NY19NIISIX3 E F A14 I v _ i" El ri I /1 Na : , a s e1 / /1 IN 111 Is r Na 1 T SUNS oem nu,s, M RIX AIDA MX I WM II 111 am GYM X MI AIX S 1119 OW VICTORIA PARK Irsus QUEEN STREET PRILDIINARY ISSUED FOR DISCUSSION WITHOUT PREJUDICE

38 Second Floor Massing Diagram 1

39 Third Floor Massing Diagram

40 Third Floor Massing Diagram RESIDENTIAL DOUBLE LOADED SKY GARDEN A

41 IMO SINN VICTORIA PARK ILL =11 riln.1`e. all PM 11 NI1 1/ N *MS QUEEN STREET PRELIMINARY ISSUED FOR DISCUSSION WITHOUT PREJUDICE

42 Third Floor Massing Diagram.,,... RESIDENTIAL - DOUBLE LOADED

43 Fourth Floor Massing Diagram

44 Fourth Floor Massing Diagram RESIDENTIAL. 1CII I7 0 OP. RDEN A SKY GARI.4 B '

45 Wm t MVO 8 I 133L1.LS 1119 aw VICTORIA PARK 3NV1 9NI1S1X3 QUEEN STREET PRELIMINARY ISSUED FOR DISCUSSION WITHOUT PREJUDICE

46 Fourth Floor Massing Diagram

47 Fifth Floor Massing Diagram it Alta *oak li." rv-=----- iat- RESIDENTIAL DEN A SKY GAR.2 B

48 lam /UM RM. 133i/J DW VICTORIA PARK QUEEN STREET PRILINIPIARY ISSUED FOR DISCUSSION wrniotrr ORTJUDICS L

49 Fifth Floor Massing Diagram

50 Mechanical Penthouse Massing Diagram

51 Mechanical Penthouse Massing Diagram DENA A/414-'

52 MC GILL STREET ' I-- 1 a---- QUEEN STREET. * * * $0 * 101 Si EXISTING LANE suss

53 DUG SLIQVP (MO P "( catp.3..; ;41.1,4.04.T.!, 4.14 :14/ CCI ,(4.-; 1 tic - CC C.? 14( //f/c aiik/ ( OXIPILEYS.CARNISIMISMS,. ti.,ct,11. 7.S7: (C ,6 C CPO FFIAMILIZ IM.Vr 1.1: 1,.1.1.1V(Ac, 3, ,,,.4, ,..-14;,? 1,,.1,1,72 :I = 1,MIERI) 'At r..1r, PIG in.77.7,1...' t. I f / ( 2 c 1111, PC, 1'4:1 :-_,. 1 8:81.. t ( V.. i 7.7.,RdLYOUP 41101, N 1 '11:.. 718,.P 7',, t. 711.: V4.1 (,4( IN; ptaltr- WAS PREUMINARY ISSUED FOR DISCUSSION WITHOUT PREJUDICE o

54 22 / 28 & 36 QUEEN STREET COBOURG ON MIXED-USE CONCEPT STUDY June