Massey Harris Fergusen Block Urban Warehouse District Transit Oriented Redevelopment

MASSEY HARRIS FERGUSEN BLOCK URBAN WAREHOUSE DISTRICT TRANSIT ORIENTED REDEVELOPMENT

OFFERING PRICE: $23,625,000 ($350 PSF) PROPOSED SUBDIVISION DEVELOPMENT 104 AVENUE 122 123 122 123 162 1 163 162 163 OPPORTUNITY121 124 121 124 161 164 161 164 120 125 120 125 160 165 160 165 HIGHLIGHTS119 126 119 126 159 2 166 159 166 118 127 118 127 158 167 158 167

M.H.F.B. encompasses117 up to128 a total of 9 117 lots 128 157 168 157 168 providing a total of 67,500 sq. ft. of contiguous 116 129 116 129 156 169 156 169 109 STREET 108 STREET 107 STREET 3 106 STREET 105 STREET redevelopment opportunity in the heart of the 115 130 115 130 155 170 155 170 Central Warehouse District. 114 131 114 131 154 171 154 171

M.H.F.B. is currently113 being subdivided132 into three113 132 153 172 153 172 approximate 22,500 sq. ft. separately titled 103 AVENUE parcels to allow developer flexibility. Sites may be purchased together112 or separately.133 112 133 152 173 152 173 111 134 111 134 151 174 151 174

Buyers will have the110 opportunity135 to utilize in-place110 135 150 175 150 175 zoning or undertake109 to rezone136 parcels to suit 109their 136 149 176 149 176

specific vision. The108 current zoning137 allows for 108a max 137 148 177 148 177

FAR of 16x and up107 to 1,300 units,138 which provides107 138 147 178 147 178

strong precedence106 for significant139 density potential.106 139 146 179 146 179

105 140 105 140 145 180 145 180 BLOCK 8 BLOCK 7 BLOCK 6 BLOCK 5 BLOCK

104 141 104 141 144 181 144 181

103 142 103 142 143 182 143 182

102 AVENUE

EXECUTIVE SUMMARY

CBRE Limited (“CBRE”) as an exclusive advisor to 104 Avenue Located on 106th Street stretching from 103rd Avenue to 104 th (Edmonton) Development Corp. (the “Vendor”), is pleased Avenue, M.H.F.B., benefits from being situated at the front to offer for sale the iconic Massey-Harris-Fergusen Block doors of MacEwan University and provides walkable proximity (“M.H.F.B”) historical redevelopment site. M.H.F.B., former to all of Edmonton’s downtown core and ICE District. The home of the Healy Ford dealership is municipally located at M.H.F.B. is well serviced by public transportation, with future 10609 - 104th Avenue & 10616 - 103 rd Avenue NW, Edmonton, Alex Decoteau and NorQuest stations located immediately Alberta (the “Property”). Situated in the heart of the Central South and West as well as the existing MacEwan LRT Station Warehouse District in downtown Edmonton, M.H.F.B offers to the Northeast. an unprecedented opportunity to acquire up to 67,500 sq. ft. of development land. Property will be subdivided into three blocks and may be purchased separately or as one contiguous development.

M.H.F.B. 2 ROYAL ALBERTA MUSEUM 97 ST

ROGERS 103A AVE MACEWAN PLACE

CITY HALL ART GALLERY OF ALBERTA 100 ST MACEWAN UNIVERSITY 104 AVE 97 ST 102A AVE ICE DISTRICT WINSPEAR 102 ST CENTRE 104 AVE CHURCHILL CHURCHILL SQUARE

ARTS DISTRICT 104 ST 104

SITE ST 105 CITADEL 103 AVE 102 AVE THEATRE

106 ST 106 EDMONTON 100 ST CANADA

CITY CENTRE PLACE 107 ST 107 SHOPPING CENTRES 103 AVE

101 ST JASPER AVE SHAW CONFERENCE

102 ST CENTRE NORQUEST COLLEGE 102 AVE DON WHEATON 103ST FAMILY YMCA PARK FINANCIAL 104ST DISTRICT FUTURE DECOTEAU STATIONST 105

102 AVE 106 ST 106 COMMERCE PLACE CENTRAL

107 ST 107 UNIVERSITY OF ALBERTA JASPER AVE 100 ST

101 ST

JASPER AVE 102 ST FUTURE PARK

103ST BAY/ENTERPRISE 104ST PROPERTY DETAILS LRT LINES CAPITAL LINE METRO LINE JASPER AVE FUTURE VALLEY LINE

Legal Description B2; 6; 163-171 10616 - 103 Avenue Municipal Address 10609 - 104 Avenue THE OFFERING 1: 22,500 sq. ft. 2: 22,500 sq. ft. Site Sizes The offering will be available as a contiguous 67,500 sq. ft. 3: 22,500 sq. ft. development or as three distinct parcels of approximately 67,500 sq. ft. (1.55 acres) 22,500 sq. ft. and may be purchased together or individually. In-Place Income $192,000 Annual Parking Income Current Zoning DC1 This unique development opportunity is being offered at a price of $23,625,000 or $350 psf. Max FAR 16x (1,205,552 sq. ft.) Max Units 1,300 Proposals will be dealt with on an as-received basis. Max Height 135-150 Meters Retail and service amenities are provided along Jasper PROXIMITY TO Avenue and 104th Street, and the site is situated in close proximity to ICE District which offers the best AMENITIES & entertainment and interactive experience in Western Canada. Full service amenities are provided by the Save- On-Foods anchored centre three blocks to the West along ENTERTAINMENT 109th Street. Located just two blocks East of the Property is Edmonton City Centre, downtown Edmonton’s premiere daytime shopping mall and comprehensive retail offering.

PARK

STREET KINGSWAY FUTURE BREWERY STATION AVENUE INGSAYMALL SCHOOL RETAIL

BREWERY DISTRICT SCHOOL

FUTURE THE YARDS STATION STREET STREET SCHOOL AVENUE SCHOOL SCHOOL OLIVER SQUARE

AVENUE PARK AVENUE RETAIL

PARK FUTURE MACEWAN ARTS STATION

MACEWAN UNIVERSITY

FUTURE LRT LINE RETAIL

RETAIL AVENUE STREET MACEWAN UNIVERSITY LRT LINE

AVENUE PARK

STREET SITE MACEWAN STATION ASPER AVENUE RETAIL AVENUE FUTURE NORQUEST STATION NORQUEST COLLEGE

ROGERS PLACE

CORONA STATION STREET FUTURE FUTURE ALEX DECOTEAU STATION PARK STREET

ICE DISTRICT

LRT LINE STREET M.H.F.B. 4 M.H.F.B. offers excellent walking proximity to the 0.8 acre Alex Decouteau Park and the recently approved Central Park development located just one block South. When completed, the park will offer 3.09 acres of green developed MASSEY activity space in the heart of the downtown core. HARRIS FERGUSEN BLOCK

PARK

STREET KINGSWAY FUTURE BREWERY STATION AVENUE INGSAYMALL GROWING RESIDENTIAL SCHOOL RETAIL MARKET OUTLOOK AND BREWERY DISTRICT SCHOOL RENTAL MARKET

FUTURE THE YARDS STATION STREET STREET SCHOOL AVENUE SCHOOL SCHOOL OLIVER SQUARE Downtown Edmonton continues to benefit from PARK AVENUE ICE District and the undeniable draw this world- AVENUE RETAIL class development has. Once complete, ICE PARK FUTURE MACEWAN ARTS STATION District will add over 6,000 new people to the core. Acting as a catalyst for residential development, MACEWAN UNIVERSITY there has been 1,700 multi-family units added to the core and absorbed in the last five years with FUTURE LRT LINE RETAIL a current central vacancy rate of only 5.09%, and a more impressive 2.37% in new product. Recent studies have shown that 71.5% of the population RETAIL AVENUE in central Edmonton are renters and that STREET MACEWAN UNIVERSITY Edmonton is now witnessing a “flight to quality” LRT LINE indicating that the market depth for high quality well located rental projects will continue to grow. AVENUE PARK The Central Edmonton new purpose built STREET SITE rental market continues to show strong signs of MACEWAN STATION vibrancy in spite of the downward trend being ASPER AVENUE RETAIL AVENUE FUTURE NORQUEST STATION observed in the ownership market. One of the NORQUEST primary reasons for the rental market success is COLLEGE due to 80.0% of the primary purpose built rental inventory in Central Edmonton being built before 1999, with 70.0% of apartments built between ROGERS PLACE 1960-1979. Interest rate hikes accompanied by the mortgage rule changes have proven highly favorable for rental developers within central CORONA STATION Edmonton as the majority of new purpose built STREET FUTURE FUTURE ALEX DECOTEAU STATION rental buildings have now been stabilized. PARK STREET

ICE DISTRICT

LRT LINE STREET CENTRAL MCDOUGALL

MacEwan University N

104 Avenue Rogers Place

105 Street

108 Street

106 Street Trackway – At-Grade Trackway – Elevated Concrete Walk/ Pedestrian Crossing Kiss & Ride Trafﬁc Signals SITE Shared Use Path NorQuest Pedestrian Activated Access Closure (Public Existing/Proposed Traction Power Sub Station Trackway – Ramp Stop Platform Trackway – At-Grade TrackwayStop – Elevated Concrete Walk/ Pedestrian Crossing Kiss & Ride CrossingTrafﬁc Signals Alleys and Roadways only) Bike Connection (Approximate Location) Shared Use Path

TrackwayTrackway – At-Grade – At-Grade ConcretePedestrianConcrete Walk/ Activated Walk/ Access Closure (Public Existing/Proposed Traction Power Sub Station TrackwayStopTrackway Platform – Elevated – Elevated PedestrianPedestrian Crossing Crossing Kiss &Kiss Ride & Ride TrafﬁcTrafﬁc Signals Signals Trackway – Ramp SharedCrossingShared Use Path Use Path Alleys and Roadways only) Bike Connection (Approximate Location)

PedestrianPedestrian Activated Activated AccessAccess Closure Closure (Public (Public Existing/ProposedExisting/Proposed TractionTraction Power Power Sub Station Sub Station Stop PlatformStop Platform TrackwayTrackway – Ramp – Ramp CrossingCrossing AlleysAlleys and Roadways and Roadways only) only) Bike ConnectionBike Connection (Approximate(Approximate Location) Location)

103 Avenue

DOWNTOWN

107 Street

Alex Decoteau

103 Street

105 Street

Norquest 106 Street 104 Street Centre High Stop

College 102 Avenue VLW PROJECT LIMITS PROJECT VLW

Through public engagement, area residents chose the contemporary theme South of 103 Avenue, the lane next to the LRT will be exclusively for the use of DOWNTOWN STOPS for the NorQuest and Alex Decoteau stops. emergency vehicles . The LRT will head south to 102 Avenue along the west side of 107 Street, with a The LRT will then head east along the north side of 102 Avenue, with the final stop between 104 Avenue and 103 AvenueTRANSIT . ORIENTEDValley Line West stop placed between 106 Street and 105 Street . 38 DEVELOPMENT OPPORTUNITY OPPORTUNITY TO CREATE EXCITING STREET LEVEL PRESENCE

Edmonton’s iconic Urban Warehouse District is home to an eclectic mixture of historic brick and beam properties that have been transformed into various uses complimented by new construction which aims to reflect the heritage of the neighbourhood while providing modern live and work options. MFHB offers the unique place making opportunity by transforming up to an entire city block, capitalizing on historic architecture while providing immediate LRT connectivity to create the ultimate urban hub.

6 CENTRAL MCDOUGALL

MacEwan University N

104 Avenue Rogers Place

105 Street REPORTS AND DOCUMENTS AVAILABLE

108 Street

106 Street Trackway – At-Grade Trackway – Elevated Concrete Walk/ Pedestrian Crossing Kiss & Ride Trafﬁc Signals Shared Use Path • Servicing Capacity Summary – Scheffer Andrews 2015 • Phase 1 ESA – Brooklyn Contracting Inc 2015 NorQuest Pedestrian Activated Access Closure (Public Existing/Proposed Traction Power Sub Station Trackway – Ramp Stop Platform Trackway – At-Grade TrackwayStop – Elevated Concrete Walk/ Pedestrian Crossing Kiss & Ride CrossingTrafﬁc Signals Alleys and Roadways• only)DC1 Site SpecificBike ConnectionZoning (Approximate Location) • Phase 1 ESA Update - Brooklyn Contracting Inc 2015 Shared Use Path

TrackwayTrackway – At-Grade – At-Grade ConcretePedestrianConcrete Walk/ Activated Walk/ Access Closure (Public Existing/Proposed TrafﬁcTractionTrafﬁc Signals Power Signals Sub Station • Sun Shadow Study • Historic Resource Impact Assessment – Boreas Trackway – Ramp TrackwayStopTrackway Platform – Elevated – Elevated PedestrianPedestrian Crossing Crossing Kiss &Kiss Ride & Ride SharedCrossingShared Use Path Use Path Alleys and Roadways only) Bike Connection (Approximate Location) Architecture & Civic Design 2015 PedestrianPedestrian Activated Activated AccessAccess Closure Closure (Public (Public Existing/ProposedExisting/Proposed TractionTraction Power Power Sub Station Sub Station • Certified RPR TrackwayTrackway – Ramp – Ramp Stop PlatformStop Platform CrossingCrossing AlleysAlleys and Roadways and Roadways only) only) Bike ConnectionBike Connection (Approximate(Approximate Location) Location) • Character Defining Elements to Conserve and Restore - • Proposed Suite Size/Mix Summary Boreas Architecture & Civic Design 2015 103 Avenue • Phase 1 Development Permit Application Package – • City of Edmonton Historic Resource Management WZMH Architects 2016 Program Highlight Sheet

• Wind Comfort and Snowdrift Assessment – RWDI 2015 • City of Edmonton Historic Resource Management Program Rehabilitation Incentives Report • Development Transportation Assessment – Bunt & DOWNTOWN Assoc. 2015 • Diamond Parking Contract, Extensions and Amendments • Hazardous Building Materials Assessment – Golder

107 Street Assoc. 2012 • Luxury Line Auto Inc. Lease Agreement September 2018

Alex Decoteau • Geo-technical Report – CT & Assoc. 2012

103 Street

105 Street • Colliers Appraisal 2019

Norquest 106 Street 104 Street Centre High Stop

College 102 Avenue VLW PROJECT LIMITS PROJECT VLW

Through public engagement, area residents chose the contemporary theme South of 103 Avenue, the lane next to the LRT will be exclusively for the use of FUTURE LRT STOP: DOWNTOWN STOPS for the NorQuest and Alex Decoteau stops. emergency vehicles . NORQUEST STATION The LRT will head south to 102 Avenue along the west side of 107 Street, with a The LRT will then head east along the north side of 102 Avenue, with the final stop between 104 Avenue and 103 Avenue . Valley Line West stop placed between 106 Street and 105 Street .

M.H.F.B. M.H.F.B.

CBRE LIMITED, BROKERAGE 10180-101 Street NW, Suite 1995 Edmonton, Alberta T5J 3S4

PAUL GEMMEL GRANT LARMOUR National Apartment Group - Edmonton National Investment Team - Edmonton Senior Vice President Senior Vice President 780 917 4649 780 917 4642 [email protected] [email protected]

CODY NELSON THOMAS CHIBRI Land & Development Advisory National Investment Team - Edmonton Associate Vice President Sales Associate 780 229 4689 780 917 4639 [email protected] [email protected]

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