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.
SE Marin
• • • •
Over 1,000 homes sold 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
e Drive
ad
• • • • •
Boundary Ro
HIGHLIGHTS
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
2017
2018
2019
2020
2021-2025
2025-2030
2031-2037
CUMULATIVE UNITS
400
609
1450
2,156
2,507
5,306
6,016
10,432
CUMULATIVE POPULATION
700
1,066
2,538
2,941
3,555
8,454
7,632
18,256
TOWN CENTRE SALIENT FACTS
CIVIC ADDRESS TIMING TOTAL RETAIL (SF) RESIDENTIAL UNITS (SOLD OUT) 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
TOWN CENTRE 4 Timing: Q2 2019
TOWN CENTRE 1 Timing: Q1 2018
PHASE 4
- 114 retail parking stalls - 258 residential units - 100% Sold Out
-190 retail parking stalls - 296 residential units - 100% Sold Out
CRU Opportunities from 1,000 SF+
Gastropub
Available 1,604 SF
Available 6,140 SF
Available 1,310 SF
TOWN CENTRE 2 Timing: Q1 2017
TOWN CENTRE 3 Timing: Q3 2017 - 32 retail parking stalls - 61 residential units - 100% Sold Out
Available 1,266 SF
Available 1,593 SF
- NOW OPEN - 41 retail parking stalls - 64 residential units - 100% Sold Out
River District Office
Sushi
Available 1,100 SF
ble SF
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 CRU Opportunities from 1,000 SF+
Gastropub
Available 1,604 SF
Available 6,140 SF
Sushi
Available 1,100 SF
lable 04 SF
CRU Opportunities from 1,000 SF+
Gastropub
Available TOWN CENTRE 2 6,140 SF
Timing: Q2 2017 - 41 retail parking stalls - 64 residential units - 100% Sold Out TOWN CENTRE 2
RETAILERS NOW OPEN Available 1,266 SF
Available 1,593 SF
River District Office
Sushi
Avai 1,10
PHASE 4 CRU Opportunities from 1,000 SF+
TOWN CENTRE 3 Timing: Q3 2017 - 32 retail parking stalls - 61 residential units - 100% Sold Out
Available 1,604 SF
Available 6,140 SF
Available 1,310 SF
Available 1,266 SF
Available 1,593 SF
Location Summary Report , PRIMARY TRADE AREA DEMOGRAPHICS
Study Area
River District - Primary Area De ce m be r 13, 2017
Household Income
Study Area $89,089 $71,585
Average HH Income Median HH Income
Province $97,472 $75,248
Households by Income > $250K $ 200/250K $ 175-200K $ 150-175K $ 125-150K $ 100-125K $ 90-100K $ 80-90K $ 70-80K
Population & Household Summary
Age Cohorts
Total Population Population Growth 2012-2017 Population Growth 2017-2022
49,020 5.6% 4.5%
Population Projections 2012 Population 2017 Population 2022 Population 2027 Population
46,440 49,020 51,208 52,696
Total Households Household Growth 2012-2017 Household Growth 2017-2022 % of Households with Children % of Households - Married w/ Kids % of Households - Single Parent
16,021 3.6% 3.8% 53.0% 39.0% 14.0%
75-79
Total Number of Children at Home
14,990
50-54
Population: 19 yrs and under Population: 20-64 yrs Population: Over 65 yrs Median Age
8,682 31,303 9,036 44.1
17.7% 63.9% 18.4%
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) 12,669 Married/Common-Law 22,502 Widowed 2,579 Divorced 2,541 Separated (legally married) 880
$ 60-70K $ 50-60K $ 40-50K $ 30-40K
30.8% 54.7% 6.3% 6.2% 2.1%
$ 20-30K
40-44 35-39 30-34 25-29 20-24 15-19
< $20K
2,000
1,500
1,000
500
0
10-14 5-9 0-4
0
Workplace
2017 Transportation to Work Car as driver Car as passenger Public transit Walked Bicycle Other Method
Visible Minorities 14,093 1,167 5,133 623 187 270
34.2% 2.8% 12.5% 1.5% 0.5% 0.7%
Daytime Population Total Daytime Population 39,418 Daytime Pop. at Work 15,400 Daytime Pop. at Home 24,018
39.1% 60.9%
Occupations All occupations 24,706 Management 2,207 Business, Finance & Admin 4,729 Sciences 2,511 Health occupations 1,645 Education, Gov't and Religion 2,226 Art, Culture & Sport 920 Sales And Service 6,480 Trades 2,575 Primary Industry 231 Manufacturing 1,182
97.9% 8.7% 18.7% 10.0% 6.5% 8.8% 3.6% 25.7% 10.2% 0.9% 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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1,000
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%
S. Asian (Inc. East Indian) Black Filipino Latin American Southeast Asian Arab
7,406 10,671 2,469 5,961 2,900 11,766
18.0% 25.9% 6.0% 14.5% 7.0% 28.6%
West Asian Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
10.0%
19,894 4,196 441 2,987 908 1,637 147 251 628 606 109 839
20.0%
30.0%
3,000
4,000
5,000
Home Ownership 44.2% 9.3% 1.0% 6.6% 2.0% 3.6% 0.3% 0.6% 1.4% 1.3% 0.2% 1.9%
Visible Minorities by Percentage Chinese
2,000
40.0%
50.0%
2017 Private Dwellings by Tenure Owned Rented
10,599 5,422
66.2% 33.8%
2017 Private Dwellings by Structure Houses Apartments Detached duplex Movable dwelling
8,559 7,439 3,607 3
53.4% 46.4% 22.5% 0.0%
2017 Households by Size of Households 1 2 3 4-5 6+
3,224 4,410 3,073 4,298 1,016
20.1% 27.5% 19.2% 26.8% 6.3%
30% 25% 20% 15% 10% 5% 0% 1
2
3
4-5
6+
Data Source: Environics Analytics
RIVER DISTRICT
Location Summary Report
SECONDARY TRADE AREA DEMOGRAPHICS
Study Area
River District - Secondary Trade Area De ce m be r 13, 2017
Household Income
Study Area $89,089 $68,996
Average HH Income Median HH Income
Province $97,472 $75,248
Households by Income > $250K $ 200/250K $ 175-200K $ 150-175K $ 125-150K $ 100-125K $ 90-100K $ 80-90K $ 70-80K
Population & Household Summary
Age Cohorts
Total Population Population Growth 2012-2017 Population Growth 2017-2022
86,279 5.5% 4.3%
Population Projections 2012 Population 2017 Population 2022 Population 2027 Population
81,761 86,279 90,017 92,497
Total Households Household Growth 2012-2017 Household Growth 2017-2022 % of Households with Children % of Households - Married w/ Kids % of Households - Single Parent
28,348 4.3% 3.8% 52.4% 39.0% 13.4%
75-79
Total Number of Children at Home
26,556
50-54
Population: 19 yrs and under Population: 20-64 yrs Population: Over 65 yrs Median Age
15,329 55,862 15,088 42.4
17.8% 64.7% 17.5%
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) 23,394 Married/Common-Law 39,601 Widowed 4,466 Divorced 4,286 Separated (legally married) 1,594
$ 60-70K $ 50-60K $ 40-50K $ 30-40K
31.9% 54.0% 6.1% 5.8% 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
2017 Transportation to Work Car as driver Car as passenger Public transit Walked Bicycle Other Method
Visible Minorities 23,800 2,019 10,189 1,201 365 531
32.5% 2.8% 13.9% 1.6% 0.5% 0.7%
Daytime Population Total Daytime Population 75,681 Daytime Pop. at Work 32,555 Daytime Pop. at Home 43,126
43.0% 57.0%
Occupations All occupations 43,573 Management 3,745 Business, Finance & Admin 7,942 Sciences 4,420 Health occupations 2,726 Education, Gov't and Religion 3,991 Art, Culture & Sport 1,741 Sales And Service 12,179 Trades 4,311 Primary Industry 461 Manufacturing 2,057
97.9% 8.4% 17.8% 9.9% 6.1% 9.0% 3.9% 27.4% 9.7% 1.0% 4.6%
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
13,707 18,980 4,325 9,985 5,472 20,872
18.7% 25.9% 5.9% 13.6% 7.5% 28.5%
West Asian Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
10.0%
36,155 7,497 878 5,428 1,614 2,819 224 531 1,139 1,182 161 1,406
20.0%
30.0%
6,000
8,000
Home Ownership 45.3% 9.4% 1.1% 6.8% 2.0% 3.5% 0.3% 0.7% 1.4% 1.5% 0.2% 1.8%
Visible Minorities by Percentage
S. Asian (Inc. East Indian)
4,000
40.0%
50.0%
2017 Private Dwellings by Tenure Owned Rented
19,099 9,249
67.4% 32.6%
2017 Private Dwellings by Structure Houses Apartments Detached duplex Movable dwelling
13,488 14,830 7,649 3
47.6% 52.3% 27.0% 0.0%
2017 Households by Size of Households 1 2 3 4-5 6+
5,756 7,691 5,372 7,603 1,926
20.3% 27.1% 19.0% 26.8% 6.8%
30% 25% 20%
RIVER DISTRICT
15% 10% 5% 0% 1
2
3
4-5
6+
Data Source: 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] LAYLA VERA 604 398 4352
[email protected] FORM RETAIL ADVISORS INC. 1280 - 333 SEYMOUR STREET VANCOUVER, BC V6B 5A6 T 604 638 2121 F 604 638 2122 FORM.CA