Tower Crossing LEE RETAIL FOR SALE.indd
FOR SALE | 180 ACRE RETAIL DEVELOPMENT SITE TOWER CROSSING REGINA, SK
FUTURE RESIDENTIAL
EXISTING RESIDENTIAL
SUBJECT
POWER CENTRE RETAIL ALLEY
CORNWALL CENTRE
Victoria Ave
TOWER CROSSING
Trans-Canada Hwy AURORA RETAIL
Tra n
s-C an
ad
aH
wy
VICTORIA SQUARE MALL
Andrea Fletcher
D 604.630.3398 C 604.763.2188 andrea.fletcher@lee–associates.com
Neil S McAllister
Personal Real Estate Corporation
D 604.630.3374 C 604.720.3312 neil.mcallister@lee–associates.com
EXISTING RESIDENTIAL
FUTURE RESIDENTIAL
Tower Rd
Range Rd
E Dewdney Ave
The Opportunity
Location Highlights
Highway in East Regina, Saskatchewan. Regina’s most affluent trade area is prime for this
237,758 residents (2014 Statistics Canada), both to the east and west with the rest of
To acquire and develop a 180 acre (subdividable) brown field site along Trans-Canada landmark 1.2 million square feet mixed-use project.
Located in East Regina along the Trans-Canada Highway (HWY 1), which connects Regina’s Saskatchewan’s 1.14 million residents. Commercial real estate experts acknowledge this East Victoria Avenue retail area (2.8 million square feet), as a key Regional location, known
Investment Highlights
as “ground zero” for retail in the Province of Saskatchewan.
Proposed Plan of Subdivision approved by the City of Regina.
Traditional design is highly coveted by these blue chip retailers:
Large format, wholesale retailer wants to grow their Regina presence on 17 acres; their purchase to include a gas bar with improved customer eight lane site access (five in-lanes coupled with three out-lanes);
National fashion and home furnishings retailer interested in 85,000 square feet; Top-tier national entertainment company interested in new 60,000 square foot location;
National grocery retailer interested in purchasing eight acres;
Small format retailers and fast food outlets have been submitting offers to ensure they are a part of this opportunity.
A retail study conducted by a leading analyst concluded that based on population and income growth forecasts for areas surrounding the Tower Crossing site, the
Zoning Information
Tower Crossing is a significant 155 acre commercial development with a combination of
Major Arterial Commercial, Flex and Mixed Use zoning. The Master Land Use Plan boasts
complete flexibility in zoning. Approved uses include retail, office, multi-family residential, as well as light-industrial. Therefore, the site is destined to become a key regional draw
combining large format retail with open air entertainment shopping, office, multi-family and light industrial. Strategic tenant selection will harmonize all uses for maximum
synergy. By mixing asset classes around major arterial traffic corridors and transit stops, this development will succeed with smart growth. SALIENT DETAILS
trade area will grow to 50,000 by 2024, generating an estimated $982.6 million in
Location
Lands between: Tower Road to east, Trans-Canada Highway 1 to south, Range Road to west and East Dewdney Avenue to north
over 1.93 million square feet over the next eight years. Phase I of Tower Crossing is
Municipality
City of Regina, Saskatchewan
Legal Description
To be provided
Zoning
Major Arterial Commercial, Flex and Mixed Use
Property Type
Regional Mixed Use Shopping Centre
Site Size
180 acres available
Gross Taxes
$1,103.75 (2015), based on agricultural value
Assessed Values
$291,900.00 (2015), based on agricultural value
retail spending. This equates to an estimated growth in retail floorspace demand of already approved for up to 1.1 million square feet to accommodate this demand.
Victoria Square Mall
leevancouver.com
City of Regina Growth Plan Source: Design Regina Official Community Plan
TOWER CROSSING
leevancouver.com
Tower Crossing Concept Plan Options 10
9
Loading docks and ramps screened from public street and adjacent properties.
Landscaped islands used to collect, store and filter stormwater.
E Dewdney Ave
PHASE I
SALES AREA OF 180 ACRES
PHASE II
Dewdney Ave
leevancouver.com
M
3
4
9
5
Trans-Canada Hwy #1 3 4
Landscaping around ground mounted sign.
N
11
6
2
2.0m wide landscaped area between parking areas, drive lanes, and adjacent public streets.
RT AI
11
Victoria Ave 2
TE
1
EN
10
7
12
HOTEL
T
WHOLESALE RETAILER
EN
8
4
Chuka Blvd
GROCERY
Avery St
Range Rd
FASHION RETAILER
1
12
Landscaped islands with trees, shrubs, and sod between parking spaces.
Enhanced corner building landscaping.
5
Landscaping at edge of site.
6
Pedestrian walkways across front facade of buildings.
Tower Rd
Connected pedestrial walkways between adjacent sites and buildings.
11
Argan Dr
8
Zinkan St
7
Large Format User Options
Asking Price
$29,000,000 ($161,111 per acre) AIRPORT
Offering Process
Prospective purchasers are invited to submit offers for Tower Crossing through Lee & Associates for consideration by the Vendor.
DOWNTOWN
For more information or a copy of the Confidential Information Memorandum (CIM), please submit a Confidentiality Agreement (CA) to Andrea Fletcher or Neil McAllister.
Andrea Fletcher
D 604.630.3398 C 604.763.2188 andrea.fletcher@lee–associates.com
Neil S McAllister
Personal Real Estate Corporation
D 604.630.3374 C 604.720.3312 neil.mcallister@lee–associates.com FUTURE RESIDENTIAL
TOWER CROSSING
FUTURE RESIDENTIAL
AURORA RETAIL
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 07/19/17.
475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com
FUTURE RESIDENTIAL
EXISTING RESIDENTIAL
SUBJECT
POWER CENTRE RETAIL ALLEY
CORNWALL CENTRE
Victoria Ave
TOWER CROSSING
Trans-Canada Hwy AURORA RETAIL
Tra n
s-C an
ad
aH
wy
VICTORIA SQUARE MALL
Andrea Fletcher
D 604.630.3398 C 604.763.2188 andrea.fletcher@lee–associates.com
Neil S McAllister
Personal Real Estate Corporation
D 604.630.3374 C 604.720.3312 neil.mcallister@lee–associates.com
EXISTING RESIDENTIAL
FUTURE RESIDENTIAL
Tower Rd
Range Rd
E Dewdney Ave
The Opportunity
Location Highlights
Highway in East Regina, Saskatchewan. Regina’s most affluent trade area is prime for this
237,758 residents (2014 Statistics Canada), both to the east and west with the rest of
To acquire and develop a 180 acre (subdividable) brown field site along Trans-Canada landmark 1.2 million square feet mixed-use project.
Located in East Regina along the Trans-Canada Highway (HWY 1), which connects Regina’s Saskatchewan’s 1.14 million residents. Commercial real estate experts acknowledge this East Victoria Avenue retail area (2.8 million square feet), as a key Regional location, known
Investment Highlights
as “ground zero” for retail in the Province of Saskatchewan.
Proposed Plan of Subdivision approved by the City of Regina.
Traditional design is highly coveted by these blue chip retailers:
Large format, wholesale retailer wants to grow their Regina presence on 17 acres; their purchase to include a gas bar with improved customer eight lane site access (five in-lanes coupled with three out-lanes);
National fashion and home furnishings retailer interested in 85,000 square feet; Top-tier national entertainment company interested in new 60,000 square foot location;
National grocery retailer interested in purchasing eight acres;
Small format retailers and fast food outlets have been submitting offers to ensure they are a part of this opportunity.
A retail study conducted by a leading analyst concluded that based on population and income growth forecasts for areas surrounding the Tower Crossing site, the
Zoning Information
Tower Crossing is a significant 155 acre commercial development with a combination of
Major Arterial Commercial, Flex and Mixed Use zoning. The Master Land Use Plan boasts
complete flexibility in zoning. Approved uses include retail, office, multi-family residential, as well as light-industrial. Therefore, the site is destined to become a key regional draw
combining large format retail with open air entertainment shopping, office, multi-family and light industrial. Strategic tenant selection will harmonize all uses for maximum
synergy. By mixing asset classes around major arterial traffic corridors and transit stops, this development will succeed with smart growth. SALIENT DETAILS
trade area will grow to 50,000 by 2024, generating an estimated $982.6 million in
Location
Lands between: Tower Road to east, Trans-Canada Highway 1 to south, Range Road to west and East Dewdney Avenue to north
over 1.93 million square feet over the next eight years. Phase I of Tower Crossing is
Municipality
City of Regina, Saskatchewan
Legal Description
To be provided
Zoning
Major Arterial Commercial, Flex and Mixed Use
Property Type
Regional Mixed Use Shopping Centre
Site Size
180 acres available
Gross Taxes
$1,103.75 (2015), based on agricultural value
Assessed Values
$291,900.00 (2015), based on agricultural value
retail spending. This equates to an estimated growth in retail floorspace demand of already approved for up to 1.1 million square feet to accommodate this demand.
Victoria Square Mall
leevancouver.com
City of Regina Growth Plan Source: Design Regina Official Community Plan
TOWER CROSSING
leevancouver.com
Tower Crossing Concept Plan Options 10
9
Loading docks and ramps screened from public street and adjacent properties.
Landscaped islands used to collect, store and filter stormwater.
E Dewdney Ave
PHASE I
SALES AREA OF 180 ACRES
PHASE II
Dewdney Ave
leevancouver.com
M
3
4
9
5
Trans-Canada Hwy #1 3 4
Landscaping around ground mounted sign.
N
11
6
2
2.0m wide landscaped area between parking areas, drive lanes, and adjacent public streets.
RT AI
11
Victoria Ave 2
TE
1
EN
10
7
12
HOTEL
T
WHOLESALE RETAILER
EN
8
4
Chuka Blvd
GROCERY
Avery St
Range Rd
FASHION RETAILER
1
12
Landscaped islands with trees, shrubs, and sod between parking spaces.
Enhanced corner building landscaping.
5
Landscaping at edge of site.
6
Pedestrian walkways across front facade of buildings.
Tower Rd
Connected pedestrial walkways between adjacent sites and buildings.
11
Argan Dr
8
Zinkan St
7
Large Format User Options
Asking Price
$29,000,000 ($161,111 per acre) AIRPORT
Offering Process
Prospective purchasers are invited to submit offers for Tower Crossing through Lee & Associates for consideration by the Vendor.
DOWNTOWN
For more information or a copy of the Confidential Information Memorandum (CIM), please submit a Confidentiality Agreement (CA) to Andrea Fletcher or Neil McAllister.
Andrea Fletcher
D 604.630.3398 C 604.763.2188 andrea.fletcher@lee–associates.com
Neil S McAllister
Personal Real Estate Corporation
D 604.630.3374 C 604.720.3312 neil.mcallister@lee–associates.com FUTURE RESIDENTIAL
TOWER CROSSING
FUTURE RESIDENTIAL
AURORA RETAIL
Disclaimer: Although the information contained within is from sources believed to be reliable, no warranty or representation is made as to its accuracy being subject to errors, omissions, conditions, prior lease, withdrawal or other changes without notice and same should not be relied upon without independent verification. © Lee & Associates Commercial Real Estate (BC) Ltd. All Rights Reserved. 07/19/17.
475 West Georgia Street, Suite 800 | Vancouver, BC V6B 4M9 | 604.684.7117 | leevancouver.com
