FOR SALE
INNER CITY MIXED USE DEVELOPMENT SITE
DEVELOPMENT PERMIT APPROVED - SHOVEL READY DEVELOPMENT PARCEL 0.14 ACRE SITE LOCATED IN WEST HILLHURST N
DOWNTOWN CALGARY KENSINGTON RETAIL DISTRICT 14 Street NW Me
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Bow
West Hillhurst
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SUBJECT PROPERTY 19 Street NW
Proposed Development
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CALGARY CAPITAL MARKETS GROUP
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enue 1 Av David MacKenzie, Vice President - Multifamily 587.293.3374
[email protected] Kevin Morgans, CCIM, Vice President 403.232.4318
[email protected] Mason Thompson, Associate Nathan Drury, Associate 403.232.4340 587.293.3372
[email protected] [email protected] © 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.
Site Size
0.14 acre (6,020 square feet)
Site Dimensions
50 feet x 120.6 feet
Land Use
M-X1 (Multi-Residential Low Profile Support Commercial)
LOCATION HIGHLIGHTS •
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Strong location in the highly sought after West Hillhurst neighbourhood, within close proximity to the Kensington Retail District
16 Avenue NW
McMahon Stadium
Briar Hill
Parkdale
West Hillhurst
Subject Property
Kensington Road NW
Zoning and approved development permit in place to allow for a mixed use development with main floor street front retail, second storey office and 4 two-storey multi-residential units located on the third and fourth stories Surrounding area characterized by recent investment in infill and mixed use development, with a growing emphasis on creating community gathering amenities along the trendy 19 Street NW corridor Further densification planned in West Hillhurst with an additional 220 multi-residential condominium units to be constructed over the next 2 years Within short walking distance to the Bow River Pathway and numerous public green-spaces
CALGARY CAPITAL MARKETS GROUP
© 2017, Avison Young Real Estate Alberta Inc. All rights reserved.
Sunnyside
Hillhurst
14 Street NW
Plan 2554AC Block 20 Lots 10 and11 Excepting thereout all mines and minerals
NW
Legal Description
Crowchild Trail
2004 - 1 Avenue NW Calgary, Alberta
10 Street NW
Municipal Address
LOCATION OVERVIEW
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PROPERTY INFORMATION
Kensington Retail District
r ive R w Bo
9 Avenue SW
B
W rail S ow T
Sunalta Beltline
Downtown Calgary
19TH STREET COMMERCIAL & RESIDENTIAL CORRIDOR N
Subject Property
3
1
4
5
Savoy by Truman Homes
CALGARY CAPITAL MARKETS GROUP
1
Savoy by Truman Homes: Recently developed luxury multifamily condominium consisting of 50 condominiums, 5 townhomes and mainfloor retail
2
Legion by Truman Homes: Two phase re-development of the existing Royal Canadian Legion site which is estimated to include a Legion/Commercial office building (28,100 sf ) and an estimated 210 unit condominium with 25,500 sf of at-grade commercial retail space; pre-sales to start in fall/winter of 2017
3
Soul Food Books: Independent book store
4
Hillhurst Market: Community grocer / grab-and-go restaurant
5
Vina Pizza: Locally owned pizza restaurant
6
Dairy Lane Cafe: Independently owned cafe/restaurant
6 W
et N 19 Stre
Legion by Truman Homes
d NW
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2
Recent Development and Neighbouring Amenities
Dairy Lane Cafe
PROPOSED RENDERINGS AND APPROVED DEVELOPMENT SPECIFICS Proposed Use
Floor Area
Level 1
Coffee shop, covered parking & storage
4,304 sf
Level 2
Commercial Office
4,703 sf
Level 3
First level of 4 multi-residential units
4,703 sf
Level 4
Second level of 4 multi-residential units
2,643 sf
Total
16,353 sf
Note: Full working drawings are completed and available to purchaser.
CALGARY CAPITAL MARKETS GROUP
© 2017, Avison Young Real Estate Alberta Inc. All rights reserved.
EXISTING DEVELOPMENT PERMIT & SITE OVERVIEW DEVELOPMENT PERMIT Address: Community: File Number: Applicant: Date Submitted: Approval Date:
2 Avenue NW
2004 - 1 Ave NW West Hillhurst DP2015-4242 McKinley Burkart Architecture & Interior Design October 8, 2015 May 20, 2016
Development application for the following uses: restaurant neighbourhood, outdoor cafe, office, dwelling units (4 units)
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Shovel ready development parcel
19 Street NW
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LIST PRICE:
$1,690,000
±120 ft.
OFFERING PROCESS Avison Young Real Estate Alberta Inc. has been retained by Stonebriar Place Holdings Ltd. on an exclusive basis to arrange for the sale offering of a 100% freehold interest in the subject property. Offers will be considered as they are received. Please contact the listing agents below with offering interest or for more information on the subject property.
David MacKenzie, Vice President - Multifamily 587.293.3374
[email protected] CALGARY CAPITAL MARKETS GROUP
±50 ft.
0.14 Acres / 6,020 sf
1 Avenue NW
Kevin Morgans, CCIM, Vice President 403.232.4318
[email protected] Mason Thompson, Associate Nathan Drury, Associate 403.232.4340 587.293.3372
[email protected] [email protected] © 2017 Avison Young Real Estate Alberta Inc. All rights reserved. E. & O.E.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by Avison Young.