redevelopment or user opportunity
20 beverly hills drive, toronto on
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land services Group
20 beverly hills dr . toronto, ontario Lot Size:
+ 84,938 SF (1.95 acres)
Building Size:
+ 4,394 m2
Frontage:
+ 134.15 metres (440 feet) on Beverly Hills Drive and an average depth of + 59.4 metres (195 feet).
Zoning:
The site is zoned as “C3(1)” – District Shopping Centre Zone, which permits a broad range of commercial, retail and service uses including such uses as: restaurants, retail stores, banks, business and professional offices, apartment hotels, banquet halls, clubs, theatres, commercial schools, fitness centres, professional medical offices, commercial recreational uses, information processing, research showroom, car rental, various automotive uses, shopping centre, regional shopping centre, public library, parking lots and colleges, and motor vehicle dealerships, among other uses.
Toronto Official Plan:
The approved Toronto Official Plan designates the property as “Mixed Use Area”. Surrounding lands are similarly designated as “Mixed Use Area” or are included within an open space designation. The “Mixed Use” designation, particularly as located within the “Downtown” centre, contemplates a “multitude of planning objectives by combining a broad array of residential uses, offices, hotel, retail and services, institutions, entertainment, recreation and cultural activities and parks and open spaces”. Mixed Use Areas are expected to “absorb most of the anticipated increase in retail, office and service employment in Toronto in the coming decades, as well as much of the new housing”.
Surrounding Area:
The general area and surrounding land use characteristics within ± 1,000 metres, approximately 10 to 15 minutes walking distance, include a number of suburban uses, such as service, retail, institutional, residential, recreational and open space uses. The subject property is located within a complex of commercial, industrial, institutional, retail and municipal recreational uses and is visible from the Highway 401 corridor. Located immediately to the east of the subject property is the St. Phillip Neri Catholic Church. Located immediately to the south, is the Seneca College Jane Campus – Centre for Advanced Technologies. Located immediately to the north of the subject property is the York Plaza (with various retail stores and services, including Shoppers Drug Mart). The retail complex (including York Plaza) includes ±12,000 square metres of space. Located to the west is the Fusion Nightclub. Located further to the west of the subject site are automotive, retail and service uses, banquet hall facilities, the City’s Downsview Arena and vacant land, among others. Sheridan Mall is located north of Wilson, west of Jane, approximately 160 metres (525 feet) from the subject site, with it’s ±30,000 square metres of retail/mall space. The site has access to the TTC Jane Street bus route and the Wilson Avenue bus route
Occupancy:
The St Philip Neri School will still be occupying this building until January 2015.
Offer Submission:
offers will be reviewed upon receipt
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Location:
The subject site is located west of Jane Street, on the north side of Beverly Hills Drive, generally midway between Wilson Avenue (to the north) and Hwy 401 (to the south), in the City of Toronto.
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20 Beverly Hills Drive, Toronto, Ontario
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Property Address:
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land services Group
OFFERING PROCESS 1. RECEIPT OF MARKETING BROCHURE This marketing brochure has been provided to potential purchasers highlighting the magnitude and quality of this development opportunity. 2. REQUEST FOR A QUALIFICATION DOCUMENT (RFQ) & CONFIDENTIALITY AGREEMENT (CA) Potential purchasers that require the Standard Agreement of Purchase and Sale are to complete the RFQ and CA and return it to:
[email protected] The RFQ should include: • Background of proponent(s); • Financial ability of the proponent(s); • Past projects of the proponent(s) 3. STANDARD AGREEMENT OF PURCHASE AND SALE Upon completing the CA & RFQ, a Confidential Offering Memorandum and a Standard Agreement of Purchase and Sale will be available for qualified purchasers. 4. OFFER SUBMISSIONS All submissions are requested to be submitted on the Standard Agreement of Purchase and Sale provided by the Vendor for initial review. Based on the submissions received, the Vendor may proceed negotiating with one or more parties with the intention of executing the Agreement of Purchase and Sale. Submissions should be made to: Lauren Doughty, CBRE Limited 2001 Sheppard Avenue East, Suite 300 Toronto, ON M2J 4Z8
[email protected] land services group MIKE CZESTOCHOWSKI**
Senior Vice President 416 495 6257
[email protected]
CBRE Limited | 2001 Sheppard Ave E, Suite 300| Toronto, Ontario | T 416 494 0600 | F 416 494 3204 | www.cbre.ca/mclsg
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LAUREN DOUGHTY*
Sales Associate 416 495 6223
[email protected] 20 Beverly hills drive
Pat viele*
Senior Vice President 416 495 6258
[email protected] Ian hunt*
Sales Associate 416 495 6268
[email protected] *Sales Representative **Broker
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.Mapping Sources: Canadian Mapping Services
[email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth 02/14