160 ACRES RESIDENTIAL LAND OPPORTUNITY 17507– 6th Street NW & 16905 Centre Street NW
CALGARY, ALBERTA 160 ACRES RESIDENTIAL LAND OPPORTUNITY 17507 – 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA
THE OPPORTUNITY
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale 160 acres of future development land located at 17507 - 6 Street NW and 16905 Centre Street N (collectively, the “Property”). The Property is currently the subject of a Court Order. A List Price of $10,380,000 ($64,875 per acre) has been set. The Property is in two titles and totals approximately 160 acres.
INVESTMENT HIGHLIGHTS
The Property has many attributes that need to be highlighted:
• Located in Calgary, therefore residential development certainty is assured • Located within the North Sector of Calgary, which is one of Calgary’s primary development corridors; which is expected to continue to secure 25% of all new home residential demand through the period 2019 to 2023 • Evidence as to the strength of the North Sector is apparent by Brookfield’s Living- ston subdivision and Apex/Genstar’s Carrington subdivision • The Property has the potential to generate holding income from residential rent- Airdrie al of the two houses, an agricultural lease for the current cattle and field opera- tions, and the existing oil and gas facility
Balzac Kathyrn Keoma
SUBJECT PROPERTY Cochrane
1A 201
2
CALGARY INTERNATIONAL AIRPORT
22 1A
1 1 Calgary Chestermere
CALGARY CORE DOWNTOWN
8 8
560 160 ACRES RESIDENTIAL LAND OPPORTUNITY 17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA
PROPERTY SPECIFICATIONS
17507 - 6th Street NW, Calgary
PROPERTY SITE Land Use Legal ADDRESS AREA Designation Description 17507 - 6th Street +/- 120 acres Portion of NE S-FUD NW, Calgary 9-26 1W5M Linc Special Purpose – 0021 129 564 Future Urban 0016 921 520 Development
Topography Services Undulating None; CENTRE STREET N vacant farm land
16905 Centre Street NW, Calgary
PROPERTY SITE Land Use Legal ADDRESS AREA Designation Description 16905 Centre Street +/- 40 acres Portion of NE S-FUD NW, Calgary 9-26 1W5M Linc Special Purpose – 0021 129 564 Future Urban Development
176 AVENUE NW Topography Services Undulating None; vacant farm land 160 ACRES RESIDENTIAL LAND OPPORTUNITY 17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA
LOCATION HIGHLIGHTS
DOWNTOWN CALGARY
CENTRE STREET N
SUBJECT PROPERTY
17507-6th St. NW & 22 MINS to 18 MINS to Calgary 16905 Centre St. NW, Downtown Calgary International Airport Calgary, Alberta
176 AVENUE NW
Easy access to 7 MINS to Easy access to Centre Street CrossIron Mills Centre Street 160 ACRES RESIDENTIAL LAND OPPORTUNITY 17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA
PLANNING OVERVIEW PLANNING OVERVIEW
North Regional Context Study Suburban Residential Growth (2019 - 2023) This is the plan that guides future development in the area. As noted in the plan, the subject Property fall within a future As noted in its report, The City of Calgary continues to forecast that the north sector will be the dominant residential growth residential community. While this will be considered a medium to long-term hold, this virtually guarantees that the Property corridor over the next 5 years, averaging 25% of all new housing construction and absorption. There are no planning or policy will be developed in the future as residential housing. This is clear as evidence that this sector is in fact one of Calgary’s reasons why the north sector’s position, in front of all other growth corridors will change beyond this time frame. primary growth corridors. An additional key feature to the Property is the fact that a “Primary Transit Hub” is planned along its boundaries. Areas within approved area structure plans & serviced
These areas are partially serviced/unserviced as of 2018 December. 03W 02L Funding of city-size infr structure for 02K the partially/unserviced is identified in CAR blue under One Calgary (2019-2022) SGH LIV 03D KSH service plan and budget and developer EVN is responsible for developer-size NOL infr structure. CNS KCA SKR
N CSC North Sector Units: 8,550 25% Population: 24,036 05G Land: 357 ha SAD NW Northwest Sector 01G Units: 190 1% NE Population: 714 Northeast Sector Land: 14 ha Units: 8,450 25% Population: 23,812 Land: 351 ha CRM 01C
Existing Population by Sector 2018 Civic Census North Sector 160,592 Northeast Sector 185,585 58,416 WSP East Sector West Sector 135,318 C Southeast Sector Units: 1,390 4% 09O 227,454 South Sector Population: 4,045 West Sector 124,544 ASP Land: 101 ha Northwest Sector 175,452 BVD Centre Sector 199,983 SPH Total 1,267,344 SPH W 09P Forecast Estimates assume: Total Unit Growth: 32,989 (6,598 units per year average) (4,106 single/semi and E 2,492 multi-units) East Sector Units: 370 1% Population Growth: 94,370 Population: 982 (18,874 people per year average) Land: 13 ha
Land Needs: 1,494 hectares (299 hectares per year average)
South Sector Southeast Sector Units: 6,470 20% Units: 7,569 23% Population: 19,218 Population: 21,570 Land: 296 ha Land: 362 ha 12B S SE
CPF 13D 12C
MAH 13F 13G AUB
SVO 12F CRA 13J WAL WWO 12H SET YKV
PCK 13K LEG
Source: The City of Calgary Land Use Planning & Policy, North Regional Context Study Source: The City of Calgary Land Use Planning & Policy, Suburban Residential Growth 2019 – 2023 160 ACRES RESIDENTIAL LAND OPPORTUNITY 17507– 6TH STREET NW & 16905 CENTRE STREET NW, CALGARY, ALBERTA
PLANNING OVERVIEW PLANNING OVERVIEW
Much of the land in this sector is either already serviced or partially serviced making this a highly desirable location to be Area – Ownership Profile developing in the medium to long term. While not directly related to the planning framework set for the subject Property and its surrounding area, a key consideration to making this an attractive area for a long term land investment is the fact that the area is largely owned by large developers and residential builders. With the “un-fragmented” nature of the land holdings, this will allow logical and timely development in the area to proceed.
N Jayric SUBJECT Walton Global Dynn Brandon Mohinderpal Property Corp. City o Calgary BCIMC PROPERTY In est ents Ltd. (Jay an)
NW NE Dynn North E ans Lands Gold ar Car a Ltd. Albert Gerald Albert Gerald Car a Ltd. BCIMC De elop ents
Walton Global C Car a Ltd. Car a Ltd. Car a Ltd. Car a Ltd. Rhodes In est ents Ltd.
W
E ENVIRONMENTAL OVERVIEW Serviced (all leading City infrastructure in place) Partially Serviced (Some leading infrastructure in place , but not all five) There is a producing oil well near the northeastern corner of the parcel with a pump jack system, a propane tank and a single Unserviced (Will include Residential and Non Residential Uses) storage tank farm. Other facilities include the Cremona pipeline that passes through the northeastern tip of the parcel. The Subject To ASP Approval AEUB has no oil gas incident record registered at the subject parcel. A developmental set back is required around these (Will Include Residential And Non Residential Uses) facilities. Reclamation and site remediation of the well site and pipeline is the responsibility of the facility operators. They Transportation Utility Corridor S SE must be done in accordance to Alberta Environment guidelines and be satisfactory to the land owner before a reclamation certificate will be issues. A previous environmental assessment is identified the potential risk of significant environmental impact at the subject property as “moderate”. Issued to be considered include the feed lot area and runoff pathway at the southwestern corner of the parcel, fuel and oil storage areas, the mechanic service Quonset area, and the buried household waste pit.
Source: The City of Calgary Land Use Planning & Policy, Suburban Residential Growth 2019 – 2023 OFFERING PROCESS
The Property is currently the subject of a Court Order. A List Price of $10,380,000 ($64,875 per acre) has been set. The Property is being offered for sale by way of a conventional marketing process with offers being considered on a first come, first serve basis. Please be advised that further court approval of a proposed transaction will be required.
All inquiries regarding the Property should be directed to:
JLL CAPITAL MARKETS KEN WESTHAVER RYAN MURPHY jll.ca I 403-456-2233 JLL Capital Markets, Calgary JLL Capital Markets, Calgary 855 – 2nd Street SW, Senior Vice President Senior Sales Associate Suite 3900 (403) 456-2209 (403) 456-5582 Calgary, AB T2P 4K7 [email protected] [email protected]
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