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Wateridge Village Absorption

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Wateridge Village Absorption BLOCK 13 Available For Sale Get more information Tom Brethour Broker, Vice-President D +1 613 696 2760 Wateridge Village [email protected] Ottawa, ON Gillian Burnside Sales Representative, Vice-President D +1 613 696 2734 • PRIME DEVELOPMENT OPPORTUNITY [email protected] • 3.92 ACRES Ron Milligan Sales Representative, Vice-President • MINIMUM DENSITY OF 166 UNITS D +1 613 696 2750 [email protected] • DEVELOPMENT-READY RESIDENTIAL BLOCK AVAILABLE avisonyoung.ca OPPORTUNITY Avison Young Commercial Real Estate Services, LP, Brokerage (the “Advisor”) has been retained by Canada Lands Company CLC Limited (the “Vendor”) to facilitate the sale of the next release of development land at Wateridge Village. Wateridge Village is a ground-breaking 310 acre vibrant and sustainable new community minutes from the downtown core. The site celebrates Algonquin heritage, the military legacy of the lands, and the brilliance of modern urban design while overlooking the Ottawa River. Visionary and masterful in scope, Wateridge Village will be home to design-forward residences, retail and office space, unparalleled amenities, beautiful parks, trails and so much more. Wateridge Village includes Single Family, Townhomes, Low-Rise Residential and Mixed-Use Development. The Vendor is pleased to release Block 13 at this time, with R5Y {2312} zoning, permitting a maximum of six stories and minimum of 166 units. This development parcel will be fully serviced to the perimeter of the block and we invite all residential developers to participate in the offering. WATERIDGE VILLAGE A VILLAGE WITHIN THE CITY Key Highlights Development-Ready, with services to the perimeter of the block Uniquely planned community to support approx. 10,000 Residents Designed to provide easy access to Downtown and Ottawa’s Light Rail Sustainable community design Designed to include open spaces, wooded areas, and parks Retail and commercial spaces Includes three future school sites Location Map Carleton University Gatineau Dow’s Lake Parliament Hill/ Downtown Core 417 W Rideau Canal Byward Market S N University of Ottawa E Rockcliffe Park Ottawa River 417 St. Laurent Blvd. Montfort Hospital Aviation Parkway Canada Aviation and Space Museum Blair Road Montreal Road 417 Transit Map minutes minutes minutes minutes minutes 10 4km to 11 5km to 13 7km to 14 8km to 15 9km to Parliament Hill Blair Station Tremblay Station Hurdman Station UOttawa Station & Parliament Hill Station Planning and Development Overview Parliament Hill 15 Minutes BLOCK 13 Wateridge Village Absorption 2018 36 19 23 70 148 Sales Total 2019 69 49 118 Sales Total YTD 2020 101 Condo Apartments 23 24 6 Data Provided by: 20 174 Sales Total Milestones Milestone Date Description No access will be provided to the CIM/dataroom Confidentiality Agreement N/A without satisfactory completion of this agreement. All available upon completion and acceptance of the Release of CIM and November 2020 Confidentiality Agreement. Dataroom Download Here Starting in Property Tours By appointment upon request. November 2020 December 18, Letter of Intent (LOI) Complete details regarding the offering process is 2020 by 3:00 p.m. Submission Date fully outlined in the CIM Bid Date The Advisor will contact all parties shortlisted Selection of Shortlisted January 8, 2021- Bidders January 22, 2021 *A second round of bidding from shortlisted bidders may occur during this period Firm Agreement of Purchase March 24, 2021 Firm Agreement of Purchase and Sale (APS) reached and Sale (APS) reached Closing Between April 1 - Between April 1 - June 30, 2021 June 30, 2021 Offering Process TERMS OF SALE The Vendor has elected to offer the development lands as defined in this CIM for sale on an un- priced offering in form of aLetter of Intent (‘LOI’). LOIs are to be submitted on the Vendor’s Standard Form to be completed in accordance with the LOI Template available in the dataroom and delivered by hand to the Advisor, packag- es to include three (3) hard copies and one (1) USB on submission date. Following the review of LOIs, which may include discussions, negotiations and resubmissions, it is the current intent of the Vendor to select a preferred bidder and to negotiate and enter into legal binding Agreement of Purchase and Sale (APS). All Prospective Purchasers should satisfy themselves with all matters related to the Property, including but not limited to: • The current planning status • Official Plan designation • Community Design Plan (‘CDP’) • Zoning • Development charges/levies • Geotechnical and environmental conditions • Title As part of its LOI submission the Prospective Purchaser will be required to provide: • Confirmation that the Prospective Purchaser has reviewed and satisfied itself with the form of APS or provide a blacklined copy and schedule outlining any material revisions. A pre- ferred form of APS for review by prospective purchasers will be provided in the electronic dataroom in due course. Agreements with no or limited conditions are preferred. • Closing date -Block 13 - March 24, 2021 or earlier • A minimum 14 day irrevocable period • Confirmation of Prospective Purchaser’s review and acknowledgment of theUrban Design Guidelines and Architectural Controls and Minimum Density requirements outlined • Demonstration of a proposed build-out outlining the number of units, design and con- struction of the dwelling units Preference will be given to offers that demonstrate an understanding of theVendor’s Urban Design and Architectural Control Guidelines and planning status with the highest cash pro- ceeds on closing. Agency Disclosure: All brokerages representing prospective bidders will be required to identify their clients and have their clients complete the Confidentiality Agreement prior to gaining access to the dataroom. The Advisor reserves the right to preclude cooperation with brokerages representing clients with whom communication has already been initiated. The Avison Young Team Tom Brethour Gillian Burnside Ron Milligan Broker, Vice-President Sales Representative, Vice-President Sales Representative, Vice-President D +1 613.696.2760 D +1 613.696.2734 D +1 613.696.2750 [email protected] [email protected] [email protected].
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