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Highway 7 East 6950 Mixed Use High Rise Development Opportunity Markham, Ontario Sold

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Highway 7 East 6950 Mixed Use High Rise Development Opportunity Markham, Ontario Sold 6910 HIGHWAY 7 EAST 6950 MIXED USE HIGH RISE DEVELOPMENT OPPORTUNITY MARKHAM, ONTARIO SOLD MARKHAM STOUFFVILLE HOSPITAL CORNELL BUS NINTH LINE TERMINAL HIGHWAY 7 VIEW PROPERTY VIDEO MARKHAM ROAD NINTH LINE CORNELL BUS MARKHAM STOUFFVILLE TERMINAL HOSPITAL CHURCH STREET HIGHWAY 407 HIGHWAY 7 E VENU BUR OAK A CORNELL CENTRE BOULEVARD 3 TABLE OF CONTENTS 5 THE OFFERING 7 RIVERLANDS AVENUE PLANNING CONTEXT RUSTLE WOODS AVENUE WILLIAM FOSTER ROAD 9 TRANSIT & AMENITIES 11 NEARBY DEVELOPMENTS 11 OFFERING PROCESS CONTACT INFORMATION THE OFFERING CITY OF MARKHAM - POPULATION CBRE Limited is pleased to offer for sale under Court Order 6910 & 6950 Highway 7 East in Markham 2016 337,800 (the “Site”). This + 19.65 ac. Site is located within the City of Markham’s Intensification Area as defined in the City’s Official Plan, and is also within the Cornell 2021** 370,300 Centre Secondary Plan boundary. The Secondary Plan builds policy framework for a regional corridor 2026** 398,300 and key development area centered on the Highway 7 rapid transit corridor and higher density mixed- use communities. The City is currently finalizing the 2031** 421,600 Secondary Plan. The area immediately surrounding the Site is undergoing many developments, such as the **Population projection Markham Stouffville Hospital that underwent a major expansion in 2014 which doubled its size, and the construction of Cornell Bus Terminal with 11 bays for VIVA, York Regional Transit, GO and Durham Regional MARKHAM STOUFFVILLE Transit buses. This new transit hub is anticipated to NINTH LINE HOSPITAL be operating in late 2019. New houses and multiple Markham CHURCH STREET condominium developments have been built or are still under-construction in the surrounding area. BU CORNELL BUS R O AK AV TERMINAL E N U U E E 6910 HWY 7 6950 HWY 7 Total Area + 19.65 ac. PIN 700130216 700130215 HIGHWAY 7 AD O + 9.84 ac. R Area + 9.81 ac. N O T N A T S Highway 7 Frontage + 323.35 ft. + 342.14 ft. Y Y STONE Location West Parcel East Parcel STONE THE SITE Mixed Use Mid-Rise; Official Plan Residential Mid-Rise; Mixed Use Health Care Campus Current Zoning By-Law Established in 1987: Zoning (304-87) - Rural Residential Four (RR4) Map data ©2019 Google 2 mi Map 3 - Land Use is subject to Appeal Nos. 1. (Issue 36, 224) 26. (Issue 308, 309, 311, 312, 313) North Markham Landowners 1 15 Times Group Corporation LPAT File Number PL140743 - April 9, 2018 Office Consolidation 4. (Issue 237, 238) 28. (Issue 224) Group, Angus Glen Northwest 5. (Issue 62, 224) Inc., and Angus Glen Holdings 16 Box Grove Hill Developments Inc. This map is subject to appeals to the Local Planning Appeal Tribunal. The 7. (Issue 4, 5, 15) 4 Romandale Farms Ltd. numbered boxes depict lands owned by appellants of this map. The 9. (Issue 18, 19) 18 Lindvest Properties (Cornell) Ltd. scope of any issues raised in those appellants' appeals will be identified 10. (Issue 18, 19, 20) Minotar Holdings Inc., Cor-lots 5 CF/OT Buttonville Properties LP 15. (Issue 244) Developments, Cherokee as part of Local Planning Appeal Tribunal Case No. PL140743 19 and Armadale Co. Ltd. 16. (Issue 246) Holdings, Halvan 5.5 Investments Ltd., and Beechgrove Estates Inc. 18. (Issue 124, 125) 20 IBM Canada Ltd. 19. (Issue 129, 258, 260) Colebay Investments Inc., Highcove 7 Dorsay (Residential) 20. (Issue 267) Investments Inc., Firwood Holdings 21 Developments Inc. OFFICIAL PLAN 21. (Issue 271, 273, 275, 278) Inc., Major McCowan Developments Limited, Summerlane Realty Corp., 22. (Issue 279, 280) Pacific Mall Development Ltd. and Brentwood Estates Inc. 23. (Issue 282) 22 and York Region Condominium MAP 3 - LAND USE 24. (Issue 289) Corporation No. 890 as modified and approved by York Region June 12/14 9 Enbridge Gas Distribution Inc. See Section 23 King David Inc. JUNE 2014 9.9.5 10 Honda Canada Inc. 24 Atlas Shouldice Healthcare Ltd. Greenway 26 Maylar Construction Ltd. 28 E. Manson Investments Ltd. Countryside 19TH AVENUE Hamlets See Section 9.10.4 1 Transportation and Utilities 10 Parkway Belt West 1 Private Open Space 9 Residential Estate 1 Residential Low Rise 1 4 1 4 1 Residential Mid Rise ELGIN MILLS ROAD 1 1 7 Residential High Rise 4 1 28 Mixed Use Low Rise 5 7 Mixed Use Mid Rise Mixed Use High Rise 28 1 7 Mixed Use Office Priority 23 1 Mixed Use Health Care Campus PLANNING CONTEXT Mixed Use Heritage Main Street MAJOR MACKENZIE DRIVE See Section Commercial 9.3.7.3 MARKHAM STOUFFVILLE HOSPITAL Business Park Employment CHURCH STREET See Section 9.4.7 c) Business Park Office Priority Employment NINTH LINE BU CORNELL BUS R O AK AV TERMINAL E Service Employment N U U E See Section 26 E 9.4.14 General Employment NEIGHBOURING APPLICATION Intensification Area HIGHWAY 7 AD 16TH AVENUE O R Future Urban Area N O T N A See Section T S 28 Y Future Neighbourhood Area 8.5.1.5 19 Y Schedule ‘AA’ – Detailed Land Use STONE Future Employment Area STONE See Section See Section 9.7.8.6 Secondary Plan Area Specific Policy ZONING BY-LAW See Section DRAFT CORNELL CENTRE SECONDARY PLAN CITY9.7.8.3 OF MARKHAM OFFICIAL PLAN 9.14.4.3 The Zoning By-Law (304-87) designated the Site as Rural Residential Four (RR4). The area has See Section Deferral Area drastically changed since the By-Law was instituted and came into effect in 1987, therefore 9.7.8.7 HIGHWAY 404 rezoning of the property will be required to conform with the new Secondary Plan policies. See Section 15 9.11.4 See Section NEIGHBOURING9.12.4 APPLICATION See Section The parcel immediately adjacent to the Site received support from the City planners 9.6.5 15 21 recommending the approval of a Draft Plan consisting of 825 Condo apartment units, 268 HIGHWAY 7 LESLIE STREET stacked townhouse units, with ground floor retail. 20 18 18 HIGHWAY 407 THE SITE RESIDENTIAL HIGH-RISE 16 COMMUNITY AMENITY AREA COMMUNITY AMENITY AREA - MIXED USE 9TH LINE - MIXED USE HEALTH CARE CAMPUS Within the draft Cornell Centre Secondary Plan, there are different policy sections that apply to the Site. The draft Secondary Plan has been under review since 2015. THE SITE GREENWAY • Residential High-Rise • Community Amenity Area - Mixed Use 9th Line (South end of the Site) (North end of the Site) MIXED-USE HEALTH CARE CAMPUS TRANSPORTATION/UTILITIES Cornell Centre MIXED-USE MID-RISE INTENSIFICATION AREA 24 Minimum densities range from a 1.5-2.5 Floor Service Index for the Site. RESIDENTIAL MID-RISE22 BUSINESS PARK EMPLOYMENT YONGE STREET 14TH AVENUE JOHN STREET 28 22 See Section STEELES AVENUE 9.18.8.3 See Section 9.15.3.3 9TH LINE REESOR ROAD ELEVENTH LINE KENNEDY ROAD McCOWAN ROAD MARKHAM ROAD BAYVIEWAVENUE WARDENAVENUE DON MILLS ROAD YORKDURHAM LINE WOODBINE AVENUE Path: Q:\Geomatics\Departments\Planning\Policy\MI527 New OP\OMB Approved Schedules Nov 2017\Map 3\Map 3 Land Use.mxd CF MARKVILLE MALL HIGHWAY 407 MARKHAM GO STATION TRANSIT & AMENITIES MARKHAM ROAD TRANSPORTATION INSTITUTIONAL 1 Highway 7 1 Markham Stouffville Hospital 2 Highway 407 - Express Toll Route 2 Markham Fire Station 99 3 Cornell Bus Terminal 3 Reesor Park Public School 4 Markham GO Station 4 Markham Woodhaven YMCA NINTH LINE 5 Mt. Joy GO Station 5 Cornell Village Public School CORNELL BUS TERMINAL MARKHAM STOUFFVILLE HOSPITAL 6 Unionville GO Station 6 William Armstrong Public School 7 Centennial GO Station 7 Cornell Community Centre CHURCH STREET 8 Mt. Joy Community Centre RETAIL & COMMERCIAL 9 Box Grove Community Centre 1 SmartCentres Markham Boxgrove 10 Service Ontario 2 CF Markville Mall THE SITE 11 Bill Crothers Secondary School 3 Boxgrove Centre 12 Markham Pan Am Centre HIGHWAY 7 4 Downtown Markham Main Street BUR OAK AVENUE 5 New Kennedy Square PARKS & RECREATION 1 Rouge Valley Urban National Park 2 Bob Hunter Memorial Park 5 3 Milne Dam Conservation Park 4 Cedar Valley Park 8 Remington Parkview Golf Country Club 5 5 6 Markham Green Golf Club 1 3 4 7 1 4 4 2 3 THE SITE 1 4 6 6 10 1 2 2 3 3 6 FUTURE TRANSIT HUB - CORNELL BUS TERMINAL 5 11 9 2 The Cornell Bus Terminal will function as a new regional transit hub 12 connecting York & Durham Regional Transit, VIVA and GO Transit buses. 7 The terminal will feature 11 bus bays, enclosed pedestrian waiting areas, washrooms and a small convenience/retail area. Construction 5 and operation is anticipated for late 2019. Map data ©2019 Google 2000 ft NEARBY DEVELOPMENTS HIGHWAY 407 HIGHWAY 7 CORNELL BUS TERMINAL E NU VE A AK O R U B NINTH LINE MARKHAM STOUFFVILLE HOSPITAL CHURCH STREET Development Address Builder Opening Occupancy Type Size SF Home Prices PSF Range Units Rear Lane Jade Garden 6881 Highway 7 Primont Homes 4/21/2018 6/1/2020 1,736 - 3,197 $ 769,900 - $1,177,400 $365 - $459 68 Freehold Mid Rise 526 - 992 $264,990 - $439,990 $433 - $504 131 Condominiums Highway 7 & Mattamy Bldg. 1 4/29/2017 9/1/2020 of Cornell Bur Oak Homes Mid Rise 803 - 1,212 $409,990 - $639,990 $511 - $541 100 Bldg. 2 Tiffany Park Back-to-Back Towns of Cornell 7128 Highway 7 Homes & An- 11/14/2016 8/1/2018 1,466 - 1,533 $679,900 - $754,900 $462 - $502 68 Condo drin Homes Grand Cornell Blanche Lane & Dunsheath Lindvest 3/18/2014 3/1/2018 Stacked 473 - 1,309 $299,900 - $599,900 $458 - $626 442 Brownstones Way WE ARE www.cbre.ca/child-hunt ALL ABOUT LAND 6910 HIGHWAY 7 EAST 6950 MARKHAM, ONTARIO CLICK TO VIEW PROPERTY VIDEO OR INSERT THIS LINK INTO YOUR BROWSER: https://vimeo.com/359836258/b4a6b8d58f CBRE Limited, Real Estate Brokerage 2005 Sheppard Avenue East, Suite 800 | Toronto, Ontario | M2J 5B4 Ian Hunt* Jason Child* Daniel Satoor Senior Vice President Senior Vice President Sales Representative T +1 416 495 6268 T +1 416 495 6249 T +1 416 495 6203 [email protected] [email protected] [email protected] Offering Process Submit offers to Ian Hunt | [email protected] Offers will be reviewed upon receipt after October 23, 2019 Online Data Room: Data Room Contents: Asking Price: Submit Confidentiality • Survey & Topographic Survey Agreement to • Environmental Studies $75,000,000 [email protected] • Geotechnical Reports • Hydrogeological Report PROPERTY BEING SOLD UNDER RECEIVERSHIP *Sales Representative | All Outines Are Approximate This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”).
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