Newly Constructed Retail Units In Downtown New Westminster Location New Westminster British Columbia Contact Derick Fluker* 604 638 2125 dfluker@form.ca Jon Buckley* 604 630 0215 jbuckley@form.ca Layla Vera 604 398 4352 lvera@form.ca Presented by: *Personal Real Estate Corporation
Project Description Rare opportunity to acquire/lease high quality, newly constructed CRU s in Downtown New Westminster. RiverSky is a new, mixed-use project by Bosa Properties located in the heart of Downtown New Westminster. The project consists of two residential towers totalling 519 units, and 9,416 square feet of retail on the ground floor. The project is currently under construction, with an estimated completion date of Q1/Q2 2019. Location TOWER 2 TOWER 1 The project is located in Downtown New Westminster, which is designated as a Regional City Centre in the Metro Vancouver Strategic Plan and has seen tremendous new high density residential growth in recent years. Downtown New Westminster currently has a population of approximately 9,265 people and is projected to grow to 21,409 people, accounting for 22% of New Wesminster s total population, by 2031. Timing Approximately Q1/Q2 2019 Parking Parking not included. Development includes a non-exclusive commercial underground parking lot - opportunities for long-term monthly lease agreements Highlights Units ranging from 1,376 SF to 3,639 SF available for sale/lease Strategically located adjacent to the New Westminster Skytrain Station on the Expo Line which connects the area to Downtown Vancouver and Surrey Newly constructed, shell CRU s allow owner/users to construct tenant improvements with minimal, if any, demolition costs High quality, concrete construction by Bosa Properties CD-60 zoning allows for a wide range of commercial uses including but not limited to banks, retail stores, personal services, and professional offices. 02
15'-6" HYDRO ROW Site Plan 10.53' 0.44' G 11.01' Property Line P Parking Surface 1-way only 10.39' 10.20' R R 10.74' Existing FH Surfac e Parking 22'-0" 31'-4" 98'-6" 24'-2" 12'-8" 8'-10" 22'-10" 15'-3" 34'-1" 20'-0" 10.40'.04' 10.44' 11.77' FG 10.59' 436'-10 1/4" Unit Area List Price Lease Rate CRU 1 3,639 SF $2,750,000 Contact Agent CRU 2 1,376 SF C3 $1,000,000 FIRM Contact Agent CRU 3 1,935 SF R1 Existing $1,350,000 FIRM Contact Agent CRU 4 FH 2,466 SF $1,600,000 Contact Agent 10.50' DG 10.86' Entrance to Commercial / Residentia l Parking 10.38'.53' Quayside Drive Property Lin e 11.83' 12.00' DG 12.15' 42'-0 1/2" Setbac k CRU 4 CRU CRU 3 CRU CRU 2 CRU 1 FIRM FIRM C3.4 C3.3 C3.2 C3.1 C2.1 R1.2 C1.4 C1.3 R1.1 C1.2 C1.1 drant Siamese TOWER 2 ENTRANCE LOBBY TOWER 1 ENTRANCE LOBBY 03
EE L YA RO QU UE N EN AV E AV NS UE 3RD AVENUE 3 2 1 4 E SID IVE DR AY QU 2017 Estimates 1 KM 3 KM 5 KM endering of RiverSky towers (top) and214,339 Population 16,975 79,803 eezeway (below) Average Household Income $81,818 $83,221 $85,756 Growth Rate 22'-10" 04 15'-3" 5.4% 34'-1" 6.3% 6.2% 1. 2. 3. Subject Site New Westminster Quay Shoppers Drug Mart, N O. TYPE QT Y. C1 Tenant Canopy Sign 4 Tenant Fascia Sign 1 20'-0" C2 4. Dollar Tree, Tim Hortons, Landmark Cinemas Save-On-Foods, Pharmasave, Rona
Form Real Estate Advisors 1280-333 Seymour Street Vancouver, BC V6B 5A6 T 604 638 2121 F 604 638 2122 All communications and inquiries related to this opportunity, or requests for additional information or requests regarding procedures, must be made to the Form Retail Advisors Inc. agents named on the first page. No personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance. Disclaimer: None of the Vendor, its affiliates, Form Real Estate Advisors Inc. or any of their respective representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and interested parties should conduct their own independent analysis of the information contained or referred to herein. Nothing contained in this document is, or should be relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Real Estate Advisors Inc. and their respective representatives are under no obligation to accept any offer made by any person or entity regarding this opportunity.