market price
COMMERCIAL (RE/MAX Excellence)
FOR SALE MULTI - FAMILY DEVELOPMENT SITE WITH PARKING INCOME Between 102A /103 Avenue & 95 Street & 96 Street Edmonton, Alberta
ET K R ICE A R M P
• Rare opportunity to acquire 1.391 acres of multi-family land near downtown Edmonton. • Excellent holding property which includes a current income stream from Impark. • Tremendous amount of development activity going on nearby including the Hyatt Hotel, a 28 storey apartment high-rise, 96 Street Armature Park, Royal Alberta Museum, the Arts District and the Arena / Entertainment District. For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
OVERVIEW The subject property consists of fifteen (15) parcels of vacant land, containing a total of 60,580 square feet. The parcels are located in the neighbourhood of Boyle Street, in the Quarters District of Edmonton. The subject lots are within an area governed by Bylaw 15039, which more specifically indicates the subject lots are zoned (DC1) Direct Development Control Provision (MQ) McCauley Quarter Areas 1 & 3. The subject lots with frontage along 103 Avenue are within Area 1 and the subject lots with frontage along 102A Avenue are within Area 3. In general, the two Areas are comparable in nature although Area 3 allows higher density residential development relative to Area 1. PROPERTY FEATURES Description:
Fifteen (15) vacant parcels
Municipal Address:
Between 102A and 103 Ave & 95 and 96 Street
Legal Address:
Lots 12, 21 and 32 to 44, Block 8, Plan ND
Neighbourhood: Site Area:
Boyle Street, Quarters District, McCauley Quarter Area 1 & 3 1.391 acres, 5,628 m2 and 60,580 s.f.
Zoning:
DC1 (Direct Control - Provision 15039)
Plan in Effect:
The Quarters Downtown ARP
Current F.A.R:
Area 1 (1.5 Min, 3.5 Max) Area 3 (1.5 Min, 4.0 Max)
Building Height:
Area 1 (7.0M Min, 23.0M Max or 6 stories) Area 3 (7.0M Min, 27.0M Max or 8 stories)
Taxes:
$69,419.00 (2013)
Asking Price:
Market Price
For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
Development Map
NEARBY DEVELOPMENT PROJECTS - UNDER CONSTRUCTION Armature Street Development & Park: The Armature development, along 96th Street between Jasper Avenue and 103A Avenue, will see the street turned into a pedestrian-friendly open space and park. Cost: $27.2 Million. http://www.edmonton.ca/city_government/projects_redevelopment/the-armature.aspx Hyatt Place Hotel: The northeast corner of 96th Street and Jasper Avenue will feature a distinctive 13-storey hotel with shops and restaurants on the main floor. Cost: $30 Million. Five Corners Residential Tower: This 28-storey residential tower on the northeast corner of 95th Street and Jasper Avenue will have about 285 units. Royal Alberta Museum: The new $340 million Royal Provincial Museum in downtown Edmonton is to be an iconic development, of world class standard. Grand opening of the 70,000 square foot facility is to be December 2017. http://www.infrastructure.alberta.ca/3654.htm For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
According to The Quarters Downtown Area Redevelopment Plan, 103 Avenue is to be converted to a cul-de-sac at the intersection of 96 Street to the west and is to be designed as a pedestrian oriented Street. This should be an implement in 2014. 102A Avenue is to remain a major roadway. http://www.edmonton.ca/ city_government/projects_redevelopment/the-quarters-downtown.aspx Another notable development is the proposed Southeast to West LRT expansion. The line is be located to the south along 102 Avenue, with the nearest stop (known as the Quarter Stop) to be on 102 Avenue, half a block east of 96 Street. http://www.edmonton.ca/transportation/ CoE_DT_LRT_f_web.pdf 3/3
SCHEDULE “A”
Land Use Concept Plan
16 storey mixed use development
T.
LR T
93 S
Low density commercial uses max. height 4 storeys or up to 5 storeys of apartment housing associated with ground floor general business uses.
low-rise apartments (4 storeys)
.
AVE 105A
105
95 S
D R/W
ROA
Remand Centre Edmonton Police Headquarters
103A
.
sympathetic infill redevelopment
special housing incentives on surplus civic lands
8 storeys (interior block)
commercial mixed-uses (8-10 storeys)
ER
E.
A AV
YL O
Chinatown Marketplace Mall
VE. 101A A
J
Jasper 101 6 storeys East (interior block) Area
4 storeys on Jasper Ave., 96 St. and 97 St.
E.
AV
P AS
4 storeys on 96 St.
TA
T.
.)
VE 02 A
residential mixed-uses (8 storeys)
94 S
adaptive reuse of historic and existing buildings
A
EX
Alex Taylor School
RCMP Barracks
ST.
VE.
95A
commercial, public and residential uses
AL
D.
T.
.
AVE
RR
96 S
apartments (12 storeys)
102A
D (1
ROA
N
medium-rise apartments (6 storeys)
T. high-rise
BIN
HAR
.
AVE
103
AVE
97 S medium-rise apartments (8 storeys)
.
AVE
103A
Boyle Street Community League Park
high-rise apartments (12-15 storeys)
104
T.
low-rise apartments (4 storeys)
.
AVE
. 101 AVE commercial mixed-uses (6-storeys), excepting a 16 storey (59 meters) development on Lots 24 to 26 and Lots 28 to 31, Block 1, Plan D and Lot 27A, Block 1, Plan 9022334
medium-rise apartments of 6 storeys along Jasper Ave. and 7 storeys along 101A Ave. with restricted commercial opportunities preservation of historic buildings
6 storeys along 101 Ave. to 8 storeys along 101A Ave.
MAP 13 Boyle Street West Mixed-Use Sub-Area Generalized Land Use Concept
For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
The Armature / Quarters Downtown
Sustainability: Create a thriving, livable, walkable, “green” street. Re-Growth & Renewal: Take a bold, aspirational approach that promotes the Quarters Downtown to developers, residents and visitors. Connectivity: Connect to the river valley, to downtown and to the City at-large. Flexibility: Create a dynamic space that accommodates a wide variety of uses and programmes for all seasons, now and in the future. Services/Street Improvement: According to the representatives of the City, all necessary deep and shallow utilities and services are at all property lines and are to be sufficient for redevelopment with multi-family projects. For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
FOR SALE MULTI - FAMILY DEVELOPMENT SITE WITH PARKING INCOME Between 102A /103 Avenue & 95 Street & 96 Street Edmonton, Alberta
ET K R ICE A R M P
• Rare opportunity to acquire 1.391 acres of multi-family land near downtown Edmonton. • Excellent holding property which includes a current income stream from Impark. • Tremendous amount of development activity going on nearby including the Hyatt Hotel, a 28 storey apartment high-rise, 96 Street Armature Park, Royal Alberta Museum, the Arts District and the Arena / Entertainment District. For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
OVERVIEW The subject property consists of fifteen (15) parcels of vacant land, containing a total of 60,580 square feet. The parcels are located in the neighbourhood of Boyle Street, in the Quarters District of Edmonton. The subject lots are within an area governed by Bylaw 15039, which more specifically indicates the subject lots are zoned (DC1) Direct Development Control Provision (MQ) McCauley Quarter Areas 1 & 3. The subject lots with frontage along 103 Avenue are within Area 1 and the subject lots with frontage along 102A Avenue are within Area 3. In general, the two Areas are comparable in nature although Area 3 allows higher density residential development relative to Area 1. PROPERTY FEATURES Description:
Fifteen (15) vacant parcels
Municipal Address:
Between 102A and 103 Ave & 95 and 96 Street
Legal Address:
Lots 12, 21 and 32 to 44, Block 8, Plan ND
Neighbourhood: Site Area:
Boyle Street, Quarters District, McCauley Quarter Area 1 & 3 1.391 acres, 5,628 m2 and 60,580 s.f.
Zoning:
DC1 (Direct Control - Provision 15039)
Plan in Effect:
The Quarters Downtown ARP
Current F.A.R:
Area 1 (1.5 Min, 3.5 Max) Area 3 (1.5 Min, 4.0 Max)
Building Height:
Area 1 (7.0M Min, 23.0M Max or 6 stories) Area 3 (7.0M Min, 27.0M Max or 8 stories)
Taxes:
$69,419.00 (2013)
Asking Price:
Market Price
For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
Development Map
NEARBY DEVELOPMENT PROJECTS - UNDER CONSTRUCTION Armature Street Development & Park: The Armature development, along 96th Street between Jasper Avenue and 103A Avenue, will see the street turned into a pedestrian-friendly open space and park. Cost: $27.2 Million. http://www.edmonton.ca/city_government/projects_redevelopment/the-armature.aspx Hyatt Place Hotel: The northeast corner of 96th Street and Jasper Avenue will feature a distinctive 13-storey hotel with shops and restaurants on the main floor. Cost: $30 Million. Five Corners Residential Tower: This 28-storey residential tower on the northeast corner of 95th Street and Jasper Avenue will have about 285 units. Royal Alberta Museum: The new $340 million Royal Provincial Museum in downtown Edmonton is to be an iconic development, of world class standard. Grand opening of the 70,000 square foot facility is to be December 2017. http://www.infrastructure.alberta.ca/3654.htm For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
According to The Quarters Downtown Area Redevelopment Plan, 103 Avenue is to be converted to a cul-de-sac at the intersection of 96 Street to the west and is to be designed as a pedestrian oriented Street. This should be an implement in 2014. 102A Avenue is to remain a major roadway. http://www.edmonton.ca/ city_government/projects_redevelopment/the-quarters-downtown.aspx Another notable development is the proposed Southeast to West LRT expansion. The line is be located to the south along 102 Avenue, with the nearest stop (known as the Quarter Stop) to be on 102 Avenue, half a block east of 96 Street. http://www.edmonton.ca/transportation/ CoE_DT_LRT_f_web.pdf 3/3
SCHEDULE “A”
Land Use Concept Plan
16 storey mixed use development
T.
LR T
93 S
Low density commercial uses max. height 4 storeys or up to 5 storeys of apartment housing associated with ground floor general business uses.
low-rise apartments (4 storeys)
.
AVE 105A
105
95 S
D R/W
ROA
Remand Centre Edmonton Police Headquarters
103A
.
sympathetic infill redevelopment
special housing incentives on surplus civic lands
8 storeys (interior block)
commercial mixed-uses (8-10 storeys)
ER
E.
A AV
YL O
Chinatown Marketplace Mall
VE. 101A A
J
Jasper 101 6 storeys East (interior block) Area
4 storeys on Jasper Ave., 96 St. and 97 St.
E.
AV
P AS
4 storeys on 96 St.
TA
T.
.)
VE 02 A
residential mixed-uses (8 storeys)
94 S
adaptive reuse of historic and existing buildings
A
EX
Alex Taylor School
RCMP Barracks
ST.
VE.
95A
commercial, public and residential uses
AL
D.
T.
.
AVE
RR
96 S
apartments (12 storeys)
102A
D (1
ROA
N
medium-rise apartments (6 storeys)
T. high-rise
BIN
HAR
.
AVE
103
AVE
97 S medium-rise apartments (8 storeys)
.
AVE
103A
Boyle Street Community League Park
high-rise apartments (12-15 storeys)
104
T.
low-rise apartments (4 storeys)
.
AVE
. 101 AVE commercial mixed-uses (6-storeys), excepting a 16 storey (59 meters) development on Lots 24 to 26 and Lots 28 to 31, Block 1, Plan D and Lot 27A, Block 1, Plan 9022334
medium-rise apartments of 6 storeys along Jasper Ave. and 7 storeys along 101A Ave. with restricted commercial opportunities preservation of historic buildings
6 storeys along 101 Ave. to 8 storeys along 101A Ave.
MAP 13 Boyle Street West Mixed-Use Sub-Area Generalized Land Use Concept
For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
The Armature / Quarters Downtown
Sustainability: Create a thriving, livable, walkable, “green” street. Re-Growth & Renewal: Take a bold, aspirational approach that promotes the Quarters Downtown to developers, residents and visitors. Connectivity: Connect to the river valley, to downtown and to the City at-large. Flexibility: Create a dynamic space that accommodates a wide variety of uses and programmes for all seasons, now and in the future. Services/Street Improvement: According to the representatives of the City, all necessary deep and shallow utilities and services are at all property lines and are to be sufficient for redevelopment with multi-family projects. For more information please contact: Scott Hughes, MBA, AACI, CCIM, SIOR - Associate Broker RE/MAX Commercial (Excellence) T 780.757.1010 C 780.915.7895 [email protected]
Ronan Ryan, B.Mgt - Associate RE/MAX Commercial (Excellence) C 780.729.5413 [email protected]
The information contained herein was obtained from sources deemed to be reliable and is believed to be true; it has not been verified and as such, cannot be warranted nor form a part of any future contract. All measurements need to be independently verified by the Purchaser.
