TOWN SQUARE AT THE RIVER DISTRICT
The Town Square is the focal point of the River District community which will have a population of approximately 17,000 people at full build-out
DEVELOPED BY
TOWN SQUARE RETAIL LEASING 604 638 2121
[email protected] THE RIVER DISTRICT PROJECT SCOPE River District is a 124-acre master-planned waterfront community in the area, formerly known as East Fraserlands. Upon full buildout, River District will have approximately 7,000 homes with a population of 17,000 residents, all within walking distance or short bike ride. As one or the largest community-building projects in Vancouver’s history, the development will be a fully self contained community with schools, child care, community centre, grocery, pharmacy, office, restaurants and a wide range or retailers.
HIGHLIGHTS •
17,000 residents
•
7,000 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
DISCOVERY CENTRE The discovery centre is located at 8683 Kerr St. and has an interactive model of the project. www.riverdistrict.ca
TOWN SQUARE SALIENT FACTS CO-TENANCY
TARGET PARKING RATIO
The Town Square will be anchored
3.00 stalls per 1,000 SF
by a grocery, pharmacy and liquor store.
MAR
INE W AY
ACCESS/ EGRESS Marine Way Drive: Three, all directional
TOWN SQUARE RESIDENTIAL
signalized intersection with left-turn
UNITS
stacking
Pharmacy
Approximately 600+ units
Grocery
LOT SIZE Approximately 5.95 Acres (4 Lots) TRAFFIC COUNTS Marine Way : 46,953 VPD
Liquor Store
LOCATION River District is located in a historically underserviced retail area of Southeast Vancouver. While regional power centres
Champlain Square
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
Kerr Street
Lack of services in the local trade area and distance from regional competitors makes River District an opportune destination for a primary trade area of approximately 43,244 residents and a daytime population of 31,336 people.
Everett Crawley Park Medium Density Residential
Boundary Road
region.
In addition to being a retail and leisure destination for surrounding areas, River District will also have the competitive advantage of having 17,000 residents upon complete build-out. The River District will provide a rich
Marine W
ay
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.
Town Centre
Burnaby Business Park Employment Base
RIVER DISTRICT LOCATION
MARINE W AY
Town Square 5.95 Acres Residential Buildable: 370,000 SF Retail Buildable: 140,000 SF
BOUNDARY ROAD
KERR STREET
COMMUNITY PLAN
HEADING
SITE PLAN Anchor Opportunities from 10,000 SF to 45,000 SF
Financial
Grocery Approx. 45,000 SF
PARCEL 15 Tiing: Q1 2019
PARCEL 17 Tiing: Q4 2017
- 114 retail parking stalls - 258 residential units - Selling Q2 2016
Coffee
-190 retail parking stalls - 296 residential units - Tower 100% Sold Out (146 Units)/ Mid Rise over 33% Sold
CRU Opportunities from 1,000 SF+
Available 4,227 SF
Available 2,393 SF (can be demised)
Financial Financial
10,670 SF Jr. Anchor Tenant
PARCEL 18 Tiing: Q4 2016 PARCEL 16 Tiing: Q4 2017 - 32 retail parking stalls - 61 residential units - Over 50% Sold
- 41 retail parking stalls - 64 residential units - Over 90% Sold Available 1,200 SF Available 1,212 SF
Liquor Store Approx. 16,500 SF
COMPLETED DEAL UNDER NEGOTIATION Available 1,212 SF
PRELIMINARY INTEREST AVAILABLE
PHASING
PHASING WESGROUP
Year:
Currently
TEAM
2014-2019
2020-2025
2026-2032
FULL BUILD OUT
Res Units:
236 units
2200 units
2400 units
2400 units
+7,000 units
Population:
560
5,200
5,700
5,700
17,000 people
*Phasing schedule is an estimate and is subject to change.
20
Population Legend
Map Location Summary Report
DEMOGRAPHIC TRADE AREAS Household Income
Population & Household Summary
Study Area $79,523 $64,805
Average HH Income Median HH Income
Study Area Site A N ove m be r 1, 2013
BC $82,618 $62,996
Age Cohorts
Total Population Population Growth 2008-2013 Population Growth 2013-2018
43,244 6.1% 1.7%
Population Projections 2008 Population 2013 Population 2018 Population 2023 Population
40,756 43,244 43,991 43,445
Total Households Household Growth 2008-2013 Household Growth 2013-2018 % of Households with Children % of Households - Married w/ Kids % of Households - Single Parent
14,771 5.8% 2.6% 52.4% 39.8% 12.7%
75-79
Total Number of Children at Home
12,753
50-54
Households by Income > $250K $ 200/250K $ 175-200K $ 150-175K $ 125-150K $ 100-125K $ 90-100K $ 80-90K $ 70-80K
Population: 19 yrs and under Population: 20-64 yrs Population: Over 65 yrs Median Age
8,148 28,063 7,034 41.8
18.8% 64.9% 16.3%
POPULATION DENSITY
Age Distribution 85+ 80-84
70-74 65-69 60-64 55-59
45-49
Marital Status - Population 15 Years+ Single (never married) 11,540 Married/Common-Law 20,571 Widowed 2,420 Divorced 2,327 Separated (legally married) 817
$ 60-70K $ 50-60K $ 40-50K $ 30-40K
30.6% 54.6% 6.4% 6.2% 2.2%
$ 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
2013 Transportation to Work Car as driver Car as passenger Public transit Walked Bicycle Other Method
Visible Minorities 13,631 1,651 4,305 328 142 88
67.7% 8.2% 21.4% 1.6% 0.7% 0.4%
Daytime Population Total Daytime Population 31,336 Daytime Pop. at Work 8,857 Daytime Pop. at Home 22,479
28.3% 71.7%
Occupations All occupations 22,671 Management 2,006 Business, Finance & Admin 4,855 Sciences 2,109 Health occupations 1,325 Education, Gov't and Religion 1,794 Art, Culture & Sport 833 Sales And Service 6,066 Trades 2,427 Primary Industry 223 Manufacturing 1,033
97.8% 8.7% 20.9% 9.1% 5.7% 7.7% 3.6% 26.2% 10.5% 1.0% 4.5%
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% Chinese
17.1% 26.5% 6.3% 14.4% 6.8% 28.9%
17,874 3,383 323 2,197 712 774 89 345 808 525 51 431
20.0%
30.0%
4,000
44.8% 8.5% 0.8% 5.5% 1.8% 1.9% 0.2% 0.9% 2.0% 1.3% 0.1% 1.1%
40.0%
50.0%
2013 Private Dwellings by Tenure Owned Rented
9,793 4,978
66.3% 33.7%
2013 Private Dwellings by Structure Houses Apartments Detached duplex Movable dwelling
7,980 3,602 3,166 3
54.0% 24.4% 21.4% 0.0%
2013 Households by Size of Households 1 2 3 4-5 6+
3,023 4,097 2,816 3,915 919
20.5% 27.7% 19.1% 26.5% 6.2%
30%
Black Filipino Latin American
25% 20%
Southeast Asian Arab
6,278 9,703 2,297 5,280 2,498 10,613
10.0%
3,000
Home Ownership
Visible Minorities by Percentage
S. Asian (Inc. East Indian)
2,000
West Asian
15% 10%
Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
5% 0% 1
2
3
4-5
6+
Data Source: 2013 Environics Analytics
River District
Population Dot Dens Household Income
Study Area
Legend
BC $82,618 $62,996
Age Cohorts
Total Population Population Growth 2008-2013 Population Growth 2013-2018
85,250 7.8% 1.4%
Population Projections 2008 Population 2013 Population 2018 Population 2023 Population
79,111 85,250 86,424 85,815
Total Households Household Growth 2008-2013 Household Growth 2013-2018 % of Households with Children % of Households - Married w/ Kids % of Households - Single Parent
28,533 8.7% 2.5% 53.3% 41.0% 12.3%
75-79
Total Number of Children at Home
25,457
50-54
Households by Income > $250K $ 200/250K $ 175-200K $ 150-175K $ 125-150K $ 100-125K $ 90-100K $ 80-90K $ 70-80K
Map
River District 2 N ove m be r 4, 2013
Population & Household Summary
Study Area $78,830 $62,942
Average HH Income Median HH Income
River Distric
Location Summary Report
SECONDARY TRADE AREAS
Population: 19 yrs and under Population: 20-64 yrs Population: Over 65 yrs Median Age
16,109 55,621 13,520 40.9
18.9% 65.2% 15.9%
POPULATION DENSITY
Age Distribution 85+ 80-84
70-74 65-69 60-64 55-59
45-49
Marital Status - Population 15 Years+ Single (never married) 23,285 Married/Common-Law 40,595 Widowed 4,510 Divorced 4,308 Separated (legally married) 1,600
$ 60-70K $ 50-60K $ 40-50K $ 30-40K
31.3% 54.6% 6.1% 5.8% 2.2%
$ 20-30K
40-44 35-39 30-34 25-29 20-24 15-19
< $20K 5,000
4,000
3,000
2,000
1,000
0
10-14 5-9 0-4
0
Workplace
2013 Transportation to Work Car as driver Car as passenger Public transit Walked Bicycle Other Method
Visible Minorities 25,441 3,172 9,054 818 264 280
65.2% 8.1% 23.2% 2.1% 0.7% 0.7%
Daytime Population Total Daytime Population 69,016 Daytime Pop. at Work 24,191 Daytime Pop. at Home 44,825
35.1% 64.9%
Occupations All occupations 43,866 Management 4,138 Business, Finance & Admin 8,717 Sciences 3,731 Health occupations 2,364 Education, Gov't and Religion 3,252 Art, Culture & Sport 1,435 Sales And Service 12,570 Trades 4,793 Primary Industry 584 Manufacturing 2,281
97.6% 9.2% 19.4% 8.3% 5.3% 7.2% 3.2% 28.0% 10.7% 1.3% 5.1%
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
19.2% 26.5% 6.6% 13.1% 7.1% 27.4%
35,904 6,685 692 4,371 1,332 2,047 190 566 1,375 982 107 1,071
20.0%
30.0%
8,000
46.3% 8.6% 0.9% 5.6% 1.7% 2.6% 0.2% 0.7% 1.8% 1.3% 0.1% 1.4%
40.0%
50.0%
2013 Private Dwellings by Tenure Owned Rented
18,804 9,729
65.9% 34.1%
2013 Private Dwellings by Structure Houses Apartments Detached duplex Movable dwelling
13,630 6,984 7,887 3
47.8% 24.5% 27.6% 0.0%
2013 Households by Size of Households 1 2 3 4-5 6+
5,646 7,695 5,428 7,762 2,002
19.8% 27.0% 19.0% 27.2% 7.0%
30%
Black Filipino Latin American
25% 20%
Southeast Asian Arab
13,897 19,221 4,794 9,492 5,165 19,879
10.0%
6,000
Home Ownership
Visible Minorities by Percentage
S. Asian (Inc. East Indian)
4,000
West Asian
15% 10%
Korean Japanese Visible minority, n.i.e. Multiple vis. minorities
5% 0% 1
2
3
4-5
6+
Data Source: 2013 Environics Analytics
River District
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-to-end 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 FORMRETAIL.CA