River District - Form Retail Advisors Inc.
TOWNCENTRE AT THE RIVER DISTRICT
RETAIL LEASING:
604 638 2121 [email protected]
DEVELOPED BY
JOIN:
G
N SI 3
A & LES 1, 2
WASE O N PH
PROJECT OVERVIEW On the banks of the Fraser River, the River District is a rare and unique neighbourhood that consists of 124-acres located in the area formerly known as East Fraserlands in South Vancouver. Upon full build-out, River District will have 10,432 homes with a population of approximately 18,000 residents.
Kerr Street
River District is Vancouver’s last waterfront neighbourhood, the result of an in-depth engagement and planning process that brought together the local neighbourhood with experts in urban design, architecture, landscaping and environmental sustainability to plan a neighbourhood like no other. River District is a cohesive, vibrant neighbourhood with all the necessary amenities, from waterfront access, to a public plaza, shopping, restaurants, community centre, school, and modern residences.
e Drive
• • • • • • • •
18,000 residents 10,432 households 7.2 million sq.ft. 2 schools, 2 out of school child care centres (140 spaces) 4 daycare centres (256 spaces) Community centre 25 acres of green space 1.5 kilometres of riverfront access
ad
HIGHLIGHTS
Boundary Ro
SE Marin
East Kent
Avenue S
Marine Way
East K ent A venue
Riv
er
Ro a
d
N
LOCATION River District is located in a historically underserviced
retail
area
of
Southeast
Vancouver. While regional power centres exist in close proximity to the site, there is a gap in the market for community-oriented retail and leisure nodes to serve the growing population within the South Vancouver and Burnaby region. Lack of services in the local trade area and distance from regional competitors makes River District an opportune destination with a primary trade area of approximately 47,372 residents and a daytime population of 35,477 people. In addition to being a retail and leisure destination for surrounding areas, River District will also have the competitive advantage of having approximately 18,000 residents upon complete build-out. The River District will provide a rich mixture of housing types that reflect diverse needs and lifestyles, which will ensure a consistent demand for a wide variety of retail. Residents are able to fulfill everyday shopping needs within a short walking distance.
COMMUNITY PLAN
PHASE 1 TOWN CE NTRE
River District Centre Restaurant Mixed-use Retail Schools Daycare Centres Community Centre Plazas Parks
RESIDENTIAL BUILDOUT
PHASE 1 TOWN CE NTRE
2019
2018
2017 2017
Complete
2016
2017
2018
2019
2020
2021-2025
2025-2030
2031-2037
CUMULATIVE UNITS
400
545
825
1,402
2,284
2,600
3,853
5,735
10,432
CUMULATIVE POPULATION
700
954
1,444
2,454
3,996
4,549
6,742
10,036
18,256
* Approximately 800 units sold in the past 12 months
TOWN CENTRE SALIENT FACTS
CIVIC ADDRESS TIMING TOTAL RETAIL (SF) RESIDENTIAL UNITS PARKING
TOWN CENTRE 1 PARCEL 17
TOWN CENTRE 2 PARCEL 18
TOWN CENTRE 3 PARCEL 16
TOWN CENTRE 4 PARCEL 15
8538 River District Crossing
8580 River District Crossing
3488 Sawmill Crescent
8533 River District Crossing
2018
2017
2018
2019
60,000
23,750
18,600
43,500
296
64
61
258
190 retail stalls
41 retail stalls
32 retail stalls
114 retail stalls
TOWN CENTRE SITE PLAN
Available 20,000 SF Available 3,928 SF
PHASE 4
TOWN CENTRE 1 Timing: Q1 2018 -190 retail parking stalls - 296 residential units - 100% Sold Out
TOWN CENTRE 4 Timing: Q2 2019 - 114 retail parking stalls - 258 residential units - 100% Sold Out
Restaurant Venting CRU Opportunities from 1,000 SF+
Available 1,604 SF
Available 6,140 SF
Gastropub
Financial Institution
Available 1,310 SF
TOWN CENTRE 2 Timing: Q2 2017
TOWN CENTRE 3 Timing: Q3 2017 - 32 retail parking stalls - 61 residential units - 100% Sold Out
Available 1,266 SF
- 41 retail parking stalls - 64 residential units - 100% Sold Out
Restaurant Venting
Available 1,593 SF
Development Office
Available 1,000 - 3,323 SF
e
TOWN CENTRE 1 Available 20,000 SF
Timing: Q1 2018
Available 3,928 SF
- 190 retail parking stalls - 296 residential units - 100% Sold Out
PHASE 4
Restaurant Venting CRU Opportunities from 1,000 SF+
Available 1,604 SF
Available 6,140 SF
Financial Institution
Gastropub
Available 1,000 - 3,323 SF
ailable 604 SF
CRU Opportunities from 1,000 SF+
Gastropub
Available CENTRE 2 TOWN 6,140 SF
Financial Institution
Timing: Q2 2017
- 41 retail parking stalls - 64 residential units - 100% Sold Out
Available 1,266 SF Restaurant Venting Available 1,593 SF
Development Office
Availabl 1,000 - 3,32
CRU Opportunities from 1,000 SF+
TOWN CENTRE 3
Available 1,604 SF
Timing: Q3 2017 - 32 retail parking stalls - 61 residential units - 100% Sold Out
Available 6,140 SF
Financial Institution
Available 1,310 SF
Available 1,266 SF Restaurant Venting Available 1,593 SF
, PRIMARY TRADE AREA DEMOGRAPHICS
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RIVER DISTRICT
Location Summary Report
SECONDARY TRADE AREA DEMOGRAPHICS Household Income
Study Area $83,576 $66,394
Average HH Income Median HH Income
Province $89,340 $66,829
Households by Income > $250K $ 200/250K $ 175-200K $ 150-175K $ 125-150K $ 100-125K $ 90-100K
Population & Household Summary
Age Cohorts
Total Population Population Growth 2010-2015 Population Growth 2015-2020
84,382 3.5% 0.7%
Population Projections 2010 Population 2015 Population 2020 Population 2025 Population
81,555 84,382 84,932 85,835
Total Households Household Growth 2010-2015 Household Growth 2015-2020 % of Households with Children % of Households - Married w/ Kids % of Households - Single Parent
28,095 3.7% 2.7% 45.6% 34.3% 11.3%
75-79
Total Number of Children at Home
23,802
50-54
$ 80-90K $ 70-80K
Study Area Secondary Trade Area March 8, 2016
Population: 19 yrs and under Population: 20-64 yrs Population: Over 65 yrs Median Age
15,393 54,719 14,270 41.1
18.2% 64.8% 16.9%
POPULATION DENSITY = 10 people
Age Distribution 85+ 80-84
70-74 65-69 60-64 55-59
45-49
Marital Status - Population 15 Years+ Single (never married) 23,110 Married/Common-Law 40,159 Widowed 4,426 Divorced 4,398 Separated (legally married) 1,626
$ 60-70K $ 50-60K $ 40-50K $ 30-40K
31.3% 54.5% 6.0% 6.0% 2.2%
$ 20-30K
40-44 35-39 30-34 25-29 20-24 15-19
< $20K 4,000
3,000
2,000
1,000
0
10-14 5-9 0-4
0
Workplace
2015 Transportation to Work Car as driver Car as passenger Public transit Walked Bicycle Other Method
Visible Minorities 23,225 1,953 10,315 887 228 442
32.3% 2.7% 14.3% 1.2% 0.3% 0.6%
Daytime Population Total Daytime Population 68,967 Daytime Pop. at Work 24,131 Daytime Pop. at Home 44,836
35.0% 65.0%
Occupations All occupations 42,629 Management 3,174 Business, Finance & Admin 7,898 Sciences 3,648 Health occupations 2,505 Education, Gov't and Religion 4,233 Art, Culture & Sport 1,596 Sales And Service 12,625 Trades 4,405 Primary Industry 507 Manufacturing 2,038
97.9% 7.3% 18.1% 8.4% 5.8% 9.7% 3.7% 29.0% 10.1% 1.2% 4.7%
Education No certificate or diploma High school or equiv Apprenticeship or trade cert. College, CEGEP or other University below bachelor University degree
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2,000
Population by Visible Minority Chinese S. Asian (Inc. East Indian) Black Filipino Latin American Southeast Asian Arab West Asian Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
0.0% Chinese
Black Filipino Latin American Southeast Asian Arab
13,958 18,783 4,462 10,158 5,194 19,306
19.4% 26.1% 6.2% 14.1% 7.2% 26.9%
West Asian Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
10.0%
36,452 7,162 842 5,058 1,508 2,630 206 493 1,163 1,152 146 1,307
20.0%
30.0%
6,000
8,000
Home Ownership 45.7% 9.0% 1.1% 6.3% 1.9% 3.3% 0.3% 0.6% 1.5% 1.4% 0.2% 1.6%
Visible Minorities by Percentage
S. Asian (Inc. East Indian)
4,000
40.0%
50.0%
2015 Private Dwellings by Tenure Owned Rented
18,908 9,187
67.3% 32.7%
2015 Private Dwellings by Structure Houses Apartments Detached duplex Movable dwelling
13,671 14,399 7,609 3
48.7% 51.2% 27.1% 0.0%
2015 Households by Size of Households 1 2 3 4-5 6+
5,496 7,602 5,355 7,523 2,118
19.6% 27.1% 19.1% 26.8% 7.5%
30% 25% 20%
RIVER DISTRICT
15% 10% 5% 0% 1
2
3
4-5
6+
Data Source: 2015 Environics Analytics
PROJECT DEVELOPER
ROBERT & LILY LEE FAMILY COMMUNITY HEALTH CENTRE
Wesgroup Properties is a Vancouver-based, family-owned real estate company that specializes in the development of sustainable, mixed-use spaces. In business for more than 50 years, Wesgroup provides complete, end-toend real estate services, acquiring, developing and managing health, retail, commercial, industrial and residential properties. Wesgroup is one of Western Canada’s largest private real estate companies, with significant land holdings currently under development and a property management portfolio of approximately 2.3 million square feet in BC and Alberta. BREWERY DISTRICT
PRESCOTT
FOR MORE INFORMATION PLEASE CONTACT DERICK FLUKER 604 638 2125 [email protected] JACK ALLPRESS 604 638 1975 [email protected] FORM RETAIL ADVISORS INC. 1280 - 333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA
RETAIL LEASING:
604 638 2121 [email protected]
DEVELOPED BY
JOIN:
G
N SI 3
A & LES 1, 2
WASE O N PH
PROJECT OVERVIEW On the banks of the Fraser River, the River District is a rare and unique neighbourhood that consists of 124-acres located in the area formerly known as East Fraserlands in South Vancouver. Upon full build-out, River District will have 10,432 homes with a population of approximately 18,000 residents.
Kerr Street
River District is Vancouver’s last waterfront neighbourhood, the result of an in-depth engagement and planning process that brought together the local neighbourhood with experts in urban design, architecture, landscaping and environmental sustainability to plan a neighbourhood like no other. River District is a cohesive, vibrant neighbourhood with all the necessary amenities, from waterfront access, to a public plaza, shopping, restaurants, community centre, school, and modern residences.
e Drive
• • • • • • • •
18,000 residents 10,432 households 7.2 million sq.ft. 2 schools, 2 out of school child care centres (140 spaces) 4 daycare centres (256 spaces) Community centre 25 acres of green space 1.5 kilometres of riverfront access
ad
HIGHLIGHTS
Boundary Ro
SE Marin
East Kent
Avenue S
Marine Way
East K ent A venue
Riv
er
Ro a
d
N
LOCATION River District is located in a historically underserviced
retail
area
of
Southeast
Vancouver. While regional power centres exist in close proximity to the site, there is a gap in the market for community-oriented retail and leisure nodes to serve the growing population within the South Vancouver and Burnaby region. Lack of services in the local trade area and distance from regional competitors makes River District an opportune destination with a primary trade area of approximately 47,372 residents and a daytime population of 35,477 people. In addition to being a retail and leisure destination for surrounding areas, River District will also have the competitive advantage of having approximately 18,000 residents upon complete build-out. The River District will provide a rich mixture of housing types that reflect diverse needs and lifestyles, which will ensure a consistent demand for a wide variety of retail. Residents are able to fulfill everyday shopping needs within a short walking distance.
COMMUNITY PLAN
PHASE 1 TOWN CE NTRE
River District Centre Restaurant Mixed-use Retail Schools Daycare Centres Community Centre Plazas Parks
RESIDENTIAL BUILDOUT
PHASE 1 TOWN CE NTRE
2019
2018
2017 2017
Complete
2016
2017
2018
2019
2020
2021-2025
2025-2030
2031-2037
CUMULATIVE UNITS
400
545
825
1,402
2,284
2,600
3,853
5,735
10,432
CUMULATIVE POPULATION
700
954
1,444
2,454
3,996
4,549
6,742
10,036
18,256
* Approximately 800 units sold in the past 12 months
TOWN CENTRE SALIENT FACTS
CIVIC ADDRESS TIMING TOTAL RETAIL (SF) RESIDENTIAL UNITS PARKING
TOWN CENTRE 1 PARCEL 17
TOWN CENTRE 2 PARCEL 18
TOWN CENTRE 3 PARCEL 16
TOWN CENTRE 4 PARCEL 15
8538 River District Crossing
8580 River District Crossing
3488 Sawmill Crescent
8533 River District Crossing
2018
2017
2018
2019
60,000
23,750
18,600
43,500
296
64
61
258
190 retail stalls
41 retail stalls
32 retail stalls
114 retail stalls
TOWN CENTRE SITE PLAN
Available 20,000 SF Available 3,928 SF
PHASE 4
TOWN CENTRE 1 Timing: Q1 2018 -190 retail parking stalls - 296 residential units - 100% Sold Out
TOWN CENTRE 4 Timing: Q2 2019 - 114 retail parking stalls - 258 residential units - 100% Sold Out
Restaurant Venting CRU Opportunities from 1,000 SF+
Available 1,604 SF
Available 6,140 SF
Gastropub
Financial Institution
Available 1,310 SF
TOWN CENTRE 2 Timing: Q2 2017
TOWN CENTRE 3 Timing: Q3 2017 - 32 retail parking stalls - 61 residential units - 100% Sold Out
Available 1,266 SF
- 41 retail parking stalls - 64 residential units - 100% Sold Out
Restaurant Venting
Available 1,593 SF
Development Office
Available 1,000 - 3,323 SF
e
TOWN CENTRE 1 Available 20,000 SF
Timing: Q1 2018
Available 3,928 SF
- 190 retail parking stalls - 296 residential units - 100% Sold Out
PHASE 4
Restaurant Venting CRU Opportunities from 1,000 SF+
Available 1,604 SF
Available 6,140 SF
Financial Institution
Gastropub
Available 1,000 - 3,323 SF
ailable 604 SF
CRU Opportunities from 1,000 SF+
Gastropub
Available CENTRE 2 TOWN 6,140 SF
Financial Institution
Timing: Q2 2017
- 41 retail parking stalls - 64 residential units - 100% Sold Out
Available 1,266 SF Restaurant Venting Available 1,593 SF
Development Office
Availabl 1,000 - 3,32
CRU Opportunities from 1,000 SF+
TOWN CENTRE 3
Available 1,604 SF
Timing: Q3 2017 - 32 retail parking stalls - 61 residential units - 100% Sold Out
Available 6,140 SF
Financial Institution
Available 1,310 SF
Available 1,266 SF Restaurant Venting Available 1,593 SF
, PRIMARY TRADE AREA DEMOGRAPHICS
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POPULATION DENSITY = 10 people
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RIVER DISTRICT
Location Summary Report
SECONDARY TRADE AREA DEMOGRAPHICS Household Income
Study Area $83,576 $66,394
Average HH Income Median HH Income
Province $89,340 $66,829
Households by Income > $250K $ 200/250K $ 175-200K $ 150-175K $ 125-150K $ 100-125K $ 90-100K
Population & Household Summary
Age Cohorts
Total Population Population Growth 2010-2015 Population Growth 2015-2020
84,382 3.5% 0.7%
Population Projections 2010 Population 2015 Population 2020 Population 2025 Population
81,555 84,382 84,932 85,835
Total Households Household Growth 2010-2015 Household Growth 2015-2020 % of Households with Children % of Households - Married w/ Kids % of Households - Single Parent
28,095 3.7% 2.7% 45.6% 34.3% 11.3%
75-79
Total Number of Children at Home
23,802
50-54
$ 80-90K $ 70-80K
Study Area Secondary Trade Area March 8, 2016
Population: 19 yrs and under Population: 20-64 yrs Population: Over 65 yrs Median Age
15,393 54,719 14,270 41.1
18.2% 64.8% 16.9%
POPULATION DENSITY = 10 people
Age Distribution 85+ 80-84
70-74 65-69 60-64 55-59
45-49
Marital Status - Population 15 Years+ Single (never married) 23,110 Married/Common-Law 40,159 Widowed 4,426 Divorced 4,398 Separated (legally married) 1,626
$ 60-70K $ 50-60K $ 40-50K $ 30-40K
31.3% 54.5% 6.0% 6.0% 2.2%
$ 20-30K
40-44 35-39 30-34 25-29 20-24 15-19
< $20K 4,000
3,000
2,000
1,000
0
10-14 5-9 0-4
0
Workplace
2015 Transportation to Work Car as driver Car as passenger Public transit Walked Bicycle Other Method
Visible Minorities 23,225 1,953 10,315 887 228 442
32.3% 2.7% 14.3% 1.2% 0.3% 0.6%
Daytime Population Total Daytime Population 68,967 Daytime Pop. at Work 24,131 Daytime Pop. at Home 44,836
35.0% 65.0%
Occupations All occupations 42,629 Management 3,174 Business, Finance & Admin 7,898 Sciences 3,648 Health occupations 2,505 Education, Gov't and Religion 4,233 Art, Culture & Sport 1,596 Sales And Service 12,625 Trades 4,405 Primary Industry 507 Manufacturing 2,038
97.9% 7.3% 18.1% 8.4% 5.8% 9.7% 3.7% 29.0% 10.1% 1.2% 4.7%
Education No certificate or diploma High school or equiv Apprenticeship or trade cert. College, CEGEP or other University below bachelor University degree
Powered by Sitewise Pro
2,000
Population by Visible Minority Chinese S. Asian (Inc. East Indian) Black Filipino Latin American Southeast Asian Arab West Asian Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
0.0% Chinese
Black Filipino Latin American Southeast Asian Arab
13,958 18,783 4,462 10,158 5,194 19,306
19.4% 26.1% 6.2% 14.1% 7.2% 26.9%
West Asian Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
10.0%
36,452 7,162 842 5,058 1,508 2,630 206 493 1,163 1,152 146 1,307
20.0%
30.0%
6,000
8,000
Home Ownership 45.7% 9.0% 1.1% 6.3% 1.9% 3.3% 0.3% 0.6% 1.5% 1.4% 0.2% 1.6%
Visible Minorities by Percentage
S. Asian (Inc. East Indian)
4,000
40.0%
50.0%
2015 Private Dwellings by Tenure Owned Rented
18,908 9,187
67.3% 32.7%
2015 Private Dwellings by Structure Houses Apartments Detached duplex Movable dwelling
13,671 14,399 7,609 3
48.7% 51.2% 27.1% 0.0%
2015 Households by Size of Households 1 2 3 4-5 6+
5,496 7,602 5,355 7,523 2,118
19.6% 27.1% 19.1% 26.8% 7.5%
30% 25% 20%
RIVER DISTRICT
15% 10% 5% 0% 1
2
3
4-5
6+
Data Source: 2015 Environics Analytics
PROJECT DEVELOPER
ROBERT & LILY LEE FAMILY COMMUNITY HEALTH CENTRE
Wesgroup Properties is a Vancouver-based, family-owned real estate company that specializes in the development of sustainable, mixed-use spaces. In business for more than 50 years, Wesgroup provides complete, end-toend real estate services, acquiring, developing and managing health, retail, commercial, industrial and residential properties. Wesgroup is one of Western Canada’s largest private real estate companies, with significant land holdings currently under development and a property management portfolio of approximately 2.3 million square feet in BC and Alberta. BREWERY DISTRICT
PRESCOTT
FOR MORE INFORMATION PLEASE CONTACT DERICK FLUKER 604 638 2125 [email protected] JACK ALLPRESS 604 638 1975 [email protected] FORM RETAIL ADVISORS INC. 1280 - 333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA
