672 Queen Street East Toronto, ON For Lease
For Lease
672 Queen Street East Toronto, ON
Contact Rob Sweeney Sales Representative t: 416.847.3265 [email protected]
CBRE Limited 145 King Street West, Suite 600 Toronto, ON M5H 1J8 t: 416.362.2244
Mackenzie Sharpe Sales Representative t: 416.815.2382 [email protected] Alex Edmison* Sales Associate t: 416.874.7266 [email protected] * Sales Representative
Table of Contents 3
Building Summary About 672 Queen Street East
4
Prime Office / Retail Key Highlights Salient Details Offering
5
Riverside (Queen Street East) History Active Development Transportation
2
6
Interior Photos
7
Area Map
8
Streetscape Map
9
Floor Plan
Building Summary About 672 Queen Street East Opportunity to lease a 7,620 SF free-standing, two-storey mixed-use building in the rapidly developing Riverside neighborhood of Toronto. Constructed in 1938 and extensively renovated in recent years, the property is prominently positioned just west of the intersection of Queen Street East and Broadview Avenue, with direct access to the Don Valley Parkway located just 200 metres to the west of the site. The property benefits from a variety of nearby amenities including restaurants, specialty food shops, cafes and more. The River-
672 Queen Street East
side neighborhood and the surrounding areas are currently undergoing a significant transformation, with several planned development projects in the immediately surrounding areas including Riverside Square, the New Broadview Hotel, the West Don Lands and a 28.5 acre multiphase development site to the south that would bring about an extension of Broadview Avenue and improve the already excellent transportation accessibility of the property.
3
Prime Office / Retail Key Highlights • Opportunity to fully lease a two-storey building in the rapidly gentrifying Riverside neighborhood of Toronto
• Property is ideal for both professional and retail uses, including creative office, restaurant, showroom and fitness space
• Queen and Broadview has quickly evolved into one of the fastest-growing intersections in the downtown, with limited future opportunities for full-building tenancies
• Significantly lower gross occupancy costs relative to options in the traditional financial core, with additional rents estimated at $10 PSF for 2015
• Character space in excellent condition with refurbished hardwood floors, built out washrooms and exposed brick and beams throughout
• Single tenancies are preferred, although demisable between at-grade retail / basement and second floor office, depending on user type
Salient Details Upper Floor Leasable Area: 3,180 SF Ground Floor Leasable Area: 3,180 SF Basement Leasable Area: 1,260 SF Basement must be leased with the main floor.
Offering Net rent for entire building of $25 PSF. Additional rents $10 per sq. ft. (estimate for 2015).
4
Ground Floor Ceiling Heights: 13' Second Floor Ceiling Heights: 10'
Riverside (Queen Street East) History The region was originally positioned as a working class residential community, with retail along the Queen Street corridor, medium-density housing to the north and various residential and light industrial uses to the south. In recent decades, the area has emerged as a thriving arts and cultural centre, which has led to significant gentrification and the infusion of hip and trendy young professionals. Within a one-mile radius of the property, average household incomes
are over $85,000, with 68% of residents between the ages of 25-44. In response to these changing demographics, Riverside now enjoys abundant restaurant and retail amenities both within Riverside itself as well as the neighboring areas includ ing Leslieville, Corktown and the Distillery District. Along the southern portions of Riverside, the existing light industrial buildings are either being retrofitted for new creative office and retail uses or highdensity residential development.
Active Development Major planned development projects in the immediate vicinity include the West Don Lands, Riverside Square (~900 residential units) and the New Broadview Hotel (proposed 57-room boutique hotel). A reputable developer has also released plans to rede
velop over 28 acres of vacant land less than one kilometre to the south of the property. The plans propose a mixed-use campus of up to 15 million square feet as well as an extension of Broadview Avenue to the south and new LRT and GO train connections.
Transportation The property enjoys public transit access from the Queen Street streetcar (501) and King Street streetcar (504), the latter of which connects with Broadview subway station.
672 Queen Street East
The property also has direct access to the Don Valley Parkway, one of the largest northsouth roadway connections in the city.
5
Interior Photos
6
Area Map
KIN
T GS
R
T EE
EA
ST
BROADVIEW AVENUE
672 Queen
HAMILTON STREET
PARLIAMENT STREET
THOMPSON STREET
QUEEN STREET EAST * *
Riverside Square
DO AL NV LE AR YP AY KW
Union Station: 2.5km West Don Lands Development
28.5 Acre Development Site
Distillery District
* Hullmark
672 Queen Street East
7
Streetscape Map
10
11
12
13
14
P
DE GRASSI STREET
QUEEN STREET EAST
1
Dark Horse Espresso Bar / Sync Lofts
8
The County Cocktail
2
Aft Kitchen And Bar
9
Edge Lofts
3
Aft Kitchen And Bar
10 The
4
Burger Shoppe
11
5
Prohibition Gastrohouse
12 Boots
6
New Broadview Hotel
13 The
7
Ruby Watch Co.
14 Riverside
8
BOULTON AVENUE
8
STRANGE STREET
9
7
SAULTER STREET
E DON ROADWAY
DVP
QUEEN STREET EAST
6
LEWIS STREET
5
GRANT STREET
P 2 3 4
BROADVIEW AVENUE
HAMILTON STREET
1
MONRO STREET
CARROLL STREET
DAVIES AVENUE
DVP
672 Queen
Cannonball Coffee and Bar
Riverside Square And Bourbon
Opera House Lofts
13'-11"
10'-8"
Floor Plan
MECH. ROOM
21'-5"
UP
ELEC.
13'-4"
18'-6"
Basement
23'-2"
10'-0"
24'-8"
UP
91'-9" UP
11'-7" MWR
DN
UP
9'-10"
WWR
8'-11"
10'-0"
First Floor
9'-5"
DN
9'-10"
ELEC.
WWR 18'-5"
DN
MWR
69'-4"
13'-5"
22'-5"
23'-3"
OPEN TO BELOW
Second Floor
672 Queen Street East
9
Hullmark Developments Ltd. 495 King Street West, Suite 200 Toronto, ON M5V 1K4 t: 416.510.1700 www.hullmark.ca
CBRE Limited 145 King Street West, Suite 600 Toronto, ON M5H 1J8 t: 416.362.2244 www.cbre.ca
672 Queen Street East Toronto, ON
Contact Rob Sweeney Sales Representative t: 416.847.3265 [email protected]
CBRE Limited 145 King Street West, Suite 600 Toronto, ON M5H 1J8 t: 416.362.2244
Mackenzie Sharpe Sales Representative t: 416.815.2382 [email protected] Alex Edmison* Sales Associate t: 416.874.7266 [email protected] * Sales Representative
Table of Contents 3
Building Summary About 672 Queen Street East
4
Prime Office / Retail Key Highlights Salient Details Offering
5
Riverside (Queen Street East) History Active Development Transportation
2
6
Interior Photos
7
Area Map
8
Streetscape Map
9
Floor Plan
Building Summary About 672 Queen Street East Opportunity to lease a 7,620 SF free-standing, two-storey mixed-use building in the rapidly developing Riverside neighborhood of Toronto. Constructed in 1938 and extensively renovated in recent years, the property is prominently positioned just west of the intersection of Queen Street East and Broadview Avenue, with direct access to the Don Valley Parkway located just 200 metres to the west of the site. The property benefits from a variety of nearby amenities including restaurants, specialty food shops, cafes and more. The River-
672 Queen Street East
side neighborhood and the surrounding areas are currently undergoing a significant transformation, with several planned development projects in the immediately surrounding areas including Riverside Square, the New Broadview Hotel, the West Don Lands and a 28.5 acre multiphase development site to the south that would bring about an extension of Broadview Avenue and improve the already excellent transportation accessibility of the property.
3
Prime Office / Retail Key Highlights • Opportunity to fully lease a two-storey building in the rapidly gentrifying Riverside neighborhood of Toronto
• Property is ideal for both professional and retail uses, including creative office, restaurant, showroom and fitness space
• Queen and Broadview has quickly evolved into one of the fastest-growing intersections in the downtown, with limited future opportunities for full-building tenancies
• Significantly lower gross occupancy costs relative to options in the traditional financial core, with additional rents estimated at $10 PSF for 2015
• Character space in excellent condition with refurbished hardwood floors, built out washrooms and exposed brick and beams throughout
• Single tenancies are preferred, although demisable between at-grade retail / basement and second floor office, depending on user type
Salient Details Upper Floor Leasable Area: 3,180 SF Ground Floor Leasable Area: 3,180 SF Basement Leasable Area: 1,260 SF Basement must be leased with the main floor.
Offering Net rent for entire building of $25 PSF. Additional rents $10 per sq. ft. (estimate for 2015).
4
Ground Floor Ceiling Heights: 13' Second Floor Ceiling Heights: 10'
Riverside (Queen Street East) History The region was originally positioned as a working class residential community, with retail along the Queen Street corridor, medium-density housing to the north and various residential and light industrial uses to the south. In recent decades, the area has emerged as a thriving arts and cultural centre, which has led to significant gentrification and the infusion of hip and trendy young professionals. Within a one-mile radius of the property, average household incomes
are over $85,000, with 68% of residents between the ages of 25-44. In response to these changing demographics, Riverside now enjoys abundant restaurant and retail amenities both within Riverside itself as well as the neighboring areas includ ing Leslieville, Corktown and the Distillery District. Along the southern portions of Riverside, the existing light industrial buildings are either being retrofitted for new creative office and retail uses or highdensity residential development.
Active Development Major planned development projects in the immediate vicinity include the West Don Lands, Riverside Square (~900 residential units) and the New Broadview Hotel (proposed 57-room boutique hotel). A reputable developer has also released plans to rede
velop over 28 acres of vacant land less than one kilometre to the south of the property. The plans propose a mixed-use campus of up to 15 million square feet as well as an extension of Broadview Avenue to the south and new LRT and GO train connections.
Transportation The property enjoys public transit access from the Queen Street streetcar (501) and King Street streetcar (504), the latter of which connects with Broadview subway station.
672 Queen Street East
The property also has direct access to the Don Valley Parkway, one of the largest northsouth roadway connections in the city.
5
Interior Photos
6
Area Map
KIN
T GS
R
T EE
EA
ST
BROADVIEW AVENUE
672 Queen
HAMILTON STREET
PARLIAMENT STREET
THOMPSON STREET
QUEEN STREET EAST * *
Riverside Square
DO AL NV LE AR YP AY KW
Union Station: 2.5km West Don Lands Development
28.5 Acre Development Site
Distillery District
* Hullmark
672 Queen Street East
7
Streetscape Map
10
11
12
13
14
P
DE GRASSI STREET
QUEEN STREET EAST
1
Dark Horse Espresso Bar / Sync Lofts
8
The County Cocktail
2
Aft Kitchen And Bar
9
Edge Lofts
3
Aft Kitchen And Bar
10 The
4
Burger Shoppe
11
5
Prohibition Gastrohouse
12 Boots
6
New Broadview Hotel
13 The
7
Ruby Watch Co.
14 Riverside
8
BOULTON AVENUE
8
STRANGE STREET
9
7
SAULTER STREET
E DON ROADWAY
DVP
QUEEN STREET EAST
6
LEWIS STREET
5
GRANT STREET
P 2 3 4
BROADVIEW AVENUE
HAMILTON STREET
1
MONRO STREET
CARROLL STREET
DAVIES AVENUE
DVP
672 Queen
Cannonball Coffee and Bar
Riverside Square And Bourbon
Opera House Lofts
13'-11"
10'-8"
Floor Plan
MECH. ROOM
21'-5"
UP
ELEC.
13'-4"
18'-6"
Basement
23'-2"
10'-0"
24'-8"
UP
91'-9" UP
11'-7" MWR
DN
UP
9'-10"
WWR
8'-11"
10'-0"
First Floor
9'-5"
DN
9'-10"
ELEC.
WWR 18'-5"
DN
MWR
69'-4"
13'-5"
22'-5"
23'-3"
OPEN TO BELOW
Second Floor
672 Queen Street East
9
Hullmark Developments Ltd. 495 King Street West, Suite 200 Toronto, ON M5V 1K4 t: 416.510.1700 www.hullmark.ca
CBRE Limited 145 King Street West, Suite 600 Toronto, ON M5H 1J8 t: 416.362.2244 www.cbre.ca
