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672 Queen Street East Toronto, on for Lease

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672 Queen Street East Toronto, on for Lease For Lease 672 Queen Street East Toronto, ON Contact CBRE Limited Rob Sweeney 145 King Street West, Suite 600 Sales Representative Toronto, ON M5H 1J8 t: 416.847.3265 [email protected] t: 416.362.2244 Mackenzie Sharpe Sales Representative t: 416.815.2382 [email protected] Alex Edmison* Sales Associate t: 416.874.7266 [email protected] * Sales Representative Table of Contents 3 Building Summary 6 Interior Photos About 672 Queen Street East 7 Area Map 4 Prime Office / Retail Key Highlights 8 Streetscape Map Salient Details Offering 9 Floor Plan 5 Riverside (Queen Street East) History Active Development Transportation 2 Building Summary About 672 Queen Street East Opportunity to lease a 7,620 SF free-stand- side neighborhood and the surrounding ing, two-storey mixed-use building in the areas are currently undergoing a signifi- rapidly developing Riverside neighbor- cant transformation, with several planned hood of Toronto. Constructed in 1938 and development projects in the immediate- extensively renovated in recent years, the ly surrounding areas including Riverside property is prominently positioned just Square, the New Broadview Hotel, the West west of the intersection of Queen Street Don Lands and a 28.5 acre multiphase East and Broadview Avenue, with direct development site to the south that would access to the Don Valley Parkway located bring about an extension of Broadview just 200 metres to the west of the site. The Avenue and improve the already excellent property benefits from a variety of nearby transportation accessibility of the property. amenities including restaurants, special- ty food shops, cafes and more. The River- 672 Queen Street East 3 Prime Office / Retail Key Highlights • Opportunity to fully lease a two-storey • Property is ideal for both professional and building in the rapidly gentrifying Riverside retail uses, including creative office, restau- neighborhood of Toronto rant, showroom and fitness space • Queen and Broadview has quickly evolved • Significantly lower gross occupancy costs into one of the fastest-growing intersec- relative to options in the traditional finan- tions in the downtown, with limited future cial core, with additional rents estimated at opportunities for full-building tenancies $10 PSF for 2015 • Character space in excellent condition • Single tenancies are preferred, although with refurbished hardwood floors, built out demisable between at-grade retail / base- washrooms and exposed brick and beams ment and second floor office, depending on throughout user type Salient Details Upper Floor Leasable Area: 3,180 SF Ground Floor Ceiling Heights: 13' Ground Floor Leasable Area: 3,180 SF Second Floor Ceiling Heights: 10' Basement Leasable Area: 1,260 SF Basement must be leased with the main floor. Offering Net rent for entire building of $25 PSF. Additional rents $10 per sq. ft. (estimate for 2015). 4 Riverside (Queen Street East) History The region was originally positioned as a are over $85,000, with 68% of residents working class residential community, with between the ages of 25-44. retail along the Queen Street corridor, medium-density housing to the north and In response to these changing demographics, various residential and light industrial uses Riverside now enjoys abundant restaurant to the south. and retail amenities both within Riverside itself as well as the neighboring areas includ- In recent decades, the area has emerged ing Leslieville, Corktown and the Distillery as a thriving arts and cultural centre, District. Along the southern portions of which has led to significant gentrification Riverside, the existing light industrial and the infusion of hip and trendy young buildings are either being retrofitted for professionals. Within a one-mile radius of new creative office and retail uses or high- the property, average household incomes density residential development. Active Development Major planned development projects in the velop over 28 acres of vacant land less than immediate vicinity include the West Don one kilometre to the south of the property. Lands, Riverside Square (~900 residential The plans propose a mixed-use campus of units) and the New Broadview Hotel (pro- up to 15 million square feet as well as an posed 57-room boutique hotel). A reputable extension of Broadview Avenue to the south developer has also released plans to rede- and new LRT and GO train connections. Transportation The property enjoys public transit access The property also has direct access to the from the Queen Street streetcar (501) and Don Valley Parkway, one of the largest north- King Street streetcar (504), the latter of which south roadway connections in the city. connects with Broadview subway station. 672 Queen Street East 5 Interior Photos 6 Area Map PARLIAMENT STREET PARLIAMENT BROADVIEW AVENUE BROADVIEW HAMILTON STREET HAMILTON THOMPSON STREET 672 Queen QUEEN STREET EAST * KING STREET EAST * Riverside Square DON VALLEY PARKWAY Union Station: 2.5km West Don Lands Development 28.5 Acre Development Site Distillery District * Hullmark 672 Queen Street East 7 Streetscape Map 672 Queen P CARROLL STREET CARROLL MONRO STREET STREET HAMILTON GRANT STREET AVENUE BOULTON DVP DE GRASSI STREET DAVIES AVENUE 1 2 3 4 5 6 7 8 QUEEN STREET EAST QUEEN STREET EAST P 9 10 11 12 13 14 DVP LEWIS STREET E DON ROADWAY AVENUE BROADVIEW SAULTER STREET STRANGE STREET 1 Dark Horse Espresso Bar / Sync Lofts 8 The County Cocktail 2 Aft Kitchen And Bar 9 Edge Lofts 3 Aft Kitchen And Bar 10 The Cannonball Coffee and Bar 4 Burger Shoppe 11 Riverside Square 5 Prohibition Gastrohouse 12 Boots And Bourbon 6 New Broadview Hotel 13 The Opera House 7 Ruby Watch Co. 14 Riverside Lofts 8 Floor Plan " " 8 11 - ' - ' 0 MECH. ROOM 3 1 1 18'-6" 21'-5" " 4 - ' 3 1 . P C U E L E Basement 24'-8" " " 0 - ' 2 - ' 0 3 1 2 UP 91'-9" U P 10'-0" 11'-7" " WWR MWR 11 - ' 8 " 0 1 - ' N 9 P D U First Floor ELEC. D N " 0 " 1 - 5 ' - ' 9 WWR 9 18'-5" OPEN TO BELOW " 3 - ' 3 22'-5" 69'-4" 2 MWR " DN 5 - ' 3 1 Second Floor 672 Queen Street East 9 Hullmark Developments Ltd. 495 King Street West, Suite 200 Toronto, ON M5V 1K4 t: 416.510.1700 www.hullmark.ca CBRE Limited 145 King Street West, Suite 600 Toronto, ON M5H 1J8 t: 416.362.2244 www.cbre.ca.
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