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Retail Development Lands ±20 Acres Adjacent to Sobeys Anchored Plaza

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Retail Development Lands ±20 Acres Adjacent to Sobeys Anchored Plaza EXCELLENT RETAIL DEVELOPMENT OPPORTUNITY IN THE RAPIDLY GROWING BRUNELLO COMMUNITY Lot lines are approximate RETAIL DEVELOPMENT LANDS ±20 ACRES ADJACENT TO SOBEYS ANCHORED PLAZA Andrew Cranmer | Associate Vice President | +1 902 492 2065 | [email protected] 1 EXCELLENT RETAIL DEVELOPMENT OPPORTUNITY, SHADOW ANCHORED BY SOBEYS IN A RAPIDLY GROWING RESIDENTIAL COMMUNITY IN HALIFAX ON ROUTE TO POPULAR SOUTH SHORE COMMUNITIES. CBRE LIMITED For more information, please contact: :: Robert Mussett Executive Vice President +1 902 492 2077 [email protected] :: Chris Carter Vice President +1 902 492 2085 [email protected] :: Andrew Cranmer Associate Vice President +1 902 492 2065 [email protected] :: James Boudreau Senior Sales Associate +1 902 492 2067 [email protected] 2 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”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. ±20 acres of development land CONTENTS AVAILABLE EXECUTIVE SUMMARY 04 MARKET OVERVIEW 14 PROPERTY OVERVIEW 06 OFFERING PROCESS 16 THE LINKS AT BRUNELLO 10 HALIFAX WEST HIGH SCHOOL TRAFFIC COUNTS: CANADA GAMES CENTRE BMO SOCCER CENTRE 26,600 AADT Between Exit 2 (Beachville) and Exit 3 (Brunello) C OF COMMUNITY FUTURE SITE H 12,000 AADT OUTPATIENT A I CENTRE N on Highway 3 L A K E D R I VE BAYER’S LAKE POWER CENTRE CROMBIE RETAIL (SOBEYS) HIGHWAY 3 LAKESIDE INDUSTRIAL PARK 12,000 AADT 5 MINUTES 25,000 AADT DRIVE TIME TO THE HALIFAX PENINSULA Lot lines are approximate 3 EXECUTIVE SUMMARY 15 MINUTES LOCATED AT FROM DOWNTOWN HALIFAX EXIT 3, HIGHWAY 103 OPPORTUNITY Brunello, on full build out, will feature approximately 3,200 residential units nearly doubling the existing area population of ±10,000. The community features a mix CBRE Limited has been retained to coordinate the sale of ±20 acres of highway of commercial and retail opportunities, market leading recreational amenities as retail lands in Halifax’s community, The Links at Brunello. well as the hugely successful Links at Brunello. The course was ranked by Golf Digest third best new course in North America in 2015 and included in the top 25 The lands are comprised of two parcels positioned at Exit 3 on Highway 103 with courses in Canada in 2018. ±80 acres adjacent to the new Sobeys location. Further, an additional ±12 acres to the east of the Timberlea Village Parkway (TVP) as shown in the plan on page 5. With over 95% of the first three Phases of the low density residential areas built out, and with the 132 suites “The Nines” now open, the Brunello community is The Vendor will consider offers for subdivided portion of lots. growing in popularity and population. The infrastructure for Phase IV is currently HIGHLIGHTS under construction and the community developer is in the planning stages of an additional three multifamily buildings comprising 333 suites. The Links at Brunello is a new mixed use community in the Timberlea area of Halifax. Minutes from Bayer’s Lake and a community hospital to be under construction on Suzie Lake Crescent, Brunello is ideally positioned for those seeking suburban living, with all the amenities, while still being close to downtown. VENDOR Canadian International Capital Incorporated STRATEGIC REGIONAL LOCATION CATERING TO BRUNELLO, TIMBERLEA AND THE SOUTH SHORE SHADOW-ANCHORED ±25,000 VEHICLES ±12,000 VEHICLES BY NEW SOBEYS STORE PER DAY ALONG HIGHWAY 103 PER DAY ALONG HIGHWAY 3 4 Future Residential 2.59 ACRES Future Residential ±12.0 ACRES 1.8 ACRES 3.43 ACRES Lot lines are approximate PROPERTY CONTACT Block 1, Marketway Lane All Letters of Intent must be received by the Owner’s Advisor at the following Portion of PID 41404567 address: ± 3.43 acres to be subdivided in advance of closing CBRE Limited New Parcel, Marketway Lane Attn: Andrew Cranmer/Bob Mussett Portion of PID 41404567 5855 Spring Garden Road, Suite 300 ± 2.59 acres to be subdivided in advance of closing Halifax, Nova Scotia B3H 4S2 Tel: 902 492 2065 / 902 492 2077 7.82 ACRES 7.82 0 Marketway Lane Email: [email protected] PID 41084823 1.8 acres Fairweather Run Portion of PID 41013996 SECONDARY TRADE AREA OF ± 12.0 acres to be subdivided in advance of closing VISIBILITY 12 ACRES 12 MARQUEE LOCATION ±50,000 PEOPLE 5 THE HIGHWAY VISIBILITY, GROWING POPULATION, AND HIGH TRAFFIC COUNTS MAKE BRUNELLO IDEAL FOR A RANGE OF RETAIL AND SERVICE USES. APPROXIMATELY ±20.0 ACRES OF COMMERCIAL/RETAIL LAND AVAILABLE. LOT SIZES ARE FLEXIBLE STARTING AT 1.8 ACRES. © 2018 CBRE Limited. Data © TeleAtlas, Google, AerialExpress, DigitalGlobe, Landiscor, USGS, i-cubed. The information contained herein (the “Information”) is intended for informational purposes only and should not be relied upon by recipients hereof. Although the Information is believed to be correct, its accuracy, correctness or completeness cannot be guaranteed and has not been verified by either CBRE Limited or any of its affiliates (CBRE Limited and its affiliates are collectively referred to herein as “CBRE”). CBRE neither guarantees, warrants nor assumes any responsibility or liability of any kind with respect to the accuracy, correctness, completeness, or suitability of, or decisions based upon or in connection with, the Information. The recipient of the Information should take such steps as the recipient may deem appropriate with respect to using the Information. The Information may change and any property described herein may be withdrawn from the market at any time without notice or obligation of any kind on the part of CBRE. The Information is protected by copyright and shall be fully enforced. Layout ID: L10 MapId: 5262090 6 PROPERTY OVERVIEW The Brunello Retail Lands offer developers and tenants an ZONING AND RESTRICTIONS opportunity to secure a position in a popular amenity-rich The Marketway Lane lands are zoned Comprehensive residential community. With The Links at Brunello growing Development District (CDD) as part of the The Links at Brunello rapidly with new multifamily buildings planned, now is the time community. The lands offered here have been designated for to secure a retail development site in Brunello. commercial uses. With the new 40,000 SF Sobeys, there are restrictions against any grocery or food stores with certain Located at Exit 3 on Highway 103, with ±25,000 vehicles exceptions including restaurants and other store with limited passing daily, the development will be anchored by Sobeys food offerings such as pharmacies and department stores. A and provides ±20.0 acres of potential development lands: portion of the properties are subject to a no-build zone. PRICING • Approximately ±20.0 acres of commercial/retail land $18.00 psf of land. available. Lot sizes are flexible starting at 1.8 acres. • Ideal for convenience and neighbourhood service retail uses including sporting goods stores, home building LAND AREA supplies, restaurants, banks and professional services. ±20.0 acres • Traffic Counts: August 2019 - 26,600 AADT Between Exit 2 (Beachville) and Exit 3 (Brunello), and Commercial uses and building design as approved by ±12,000 AADT on Highway 3. the Vendor and Municipality. 7 DEVELOPMENT AGREEMENT Section 2.4.8 of the Development Agreement for The Links at Brunello provides the guidelines for the retail development. The extract relating to the retail park is included below but should be read in its entirety and with the complete Development Agreement. 2.4.8 Commercial areas (a) The Developer and the Municipality agree that commercial development may be located as generally and conceptually shown in the areas identified as “BRc” and “BRc0” near Highway 103 on Schedule B2.C, and subject to the following guidelines being addressed on detailed plans which shall be subject to approval under clause (ii) of this section. (i) Design Criteria: Development of the commercial area for general commercial, retail, institutional, office and service uses may be considered following completion of a detailed design which addresses: • building height and lot coverage • architecture and signs • landscaping • provisions for traffic, transit, and parking • pedestrian and bicycle flows and access • land use • storm water management • separation from nearby residential uses not on the Lands, • public safety, • lot servicing, • lot access. (ii ) Approval: The approval of development within the commercial area shall be contingent on review of detailed plans which address the criteria of this section, and approval of an amending development Agreement by minor amendment pursuant to Section 3.1 (e). (iii ) Commercial development in those areas identified as Ca2 shall be subject to the C-2 Zone of the Land Use By- law for Timberlea/Beechville/ Lakeside. (added #17826) (iv ) Notwithstanding sub-section 2.4.8(a)(iii) the following uses shall not be permitted in those areas identified as Ca2: (added #17826) 1. Outdoor Display Courts; 2.
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