t IS THE NORTHSHORE THE NEXT BIG REAL ESTATE PLAY?
Moderator: Mark Hannah: Principal, Avison Young Canada
Panel: Rick Amantea: Vice President Community Partnerships and Development, Larco Investments John Conicella: President, Bri sh Pacific Proper es Beau Jarvis: Vice President, Development, Onni Group Rob Kavanagh: Vice President, Asset Management & Managing Broker, GWL Realty Advisors Inc. The North Is It The Next Big Real Estate Play? Shore
Page 2 Panel Members
Panel Members: Rick Amantea •! Vice President of Community Partnerships and Development at Larco Investments
John Conicella •! President of British Pacific Properties
Beau Jarvis •! Vice President of Development at Onni Group of Companies
Rob Kavanagh •! Vice President of Asset Management and Managing Broker at GWL Realty Advisors Moderator:
Mark Hannah •! Principal at Avison Young Commercial Real Estate
* The resumes for each panel member are included in the handout package
Page 3 North Shore Overview
Population & Demographics Municipality Popula on Growth Rate Average (Since 2006) Household Income
North Vancouver 48,196 6.7% $85,309 District of North Vancouver 84,412 2.2% $135,587 District of West Vancouver 42,694 1.3% $210,433 North Shore Total 175,302 3.1% $134,977 Vs. Metro Vancouver 2,313,328 8.5% $99,774 *2011 Census Data
• The population demographic of the North Shore is differentiated by the overall high education level and income per capita.
• The North Shore is home to a high number of British Columbia’s business executives and industry leading professionals.
Page 4 North Shore Overview
NORTH SHORE HIGHLIGHTS
!! North Vancouver’s Seaspan awarded $8-billion dollar ship building contract
!! Three (3) world-class mountain biking and ski mountains: •!Cypress, Grouse, and Seymour Mountain
!! Major trauma centre in Lions Gate Hospital !! Trans-Canada Highway is main thoroughfare on North Shore to Squamish and the world-class ski resort of Whistler Blackomb
!! Major BC Ferry Terminal in Horseshoe Bay
!! Serviced by two (2) major bridges: •! Iron workers Memorial
•! Lions Gate (Celebrating 75th Anniversary) !! Most accessible waterfront in the Lower Mainland
!! Home to major ports such as Kinder Morgan, Cargill, and Neptune Terminals
!! Lowest industrial vacancy rate in B.C.
Page 5 North Shore Overview
North Shore’s New Major Projects
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Guided by the goals of the broader community, Park Royal will draw on principles of sustainable neighbourhood design to grow and set the foundation for a vibrant and active community into the future. Page 15 LARCO 752 Marine Drive Page 16 LARCO 752 Marine Drive Page 17 LARCO State-of-the Art Movie Theatres The Past The Future Page 18 LARCO Cap West (North Vancouver) Page 19 BRITISH PACIFIC PROPERTIES NovemberNovember 5,5, 19311931 Page 20 BRITISH PACIFIC PROPERTIES British Properties 1935 Lions Gate Bridge 1938 Capilano GC 1938 Park Royal SC 1950 Original British Pacific Properties Lands Rogers Creek Area Plan Page 21 BRITISH PACIFIC PROPERTIES Rodgers Creek Area Plan Mountain Path Future Village 43 units Single Family 215 Acres 90 units Townhomes 653 Total Units 20 units Duplex 93% Multi-Family 500 units Apartments 8.5 km Pathways & Trails Page 22 BRITISH PACIFIC PROPERTIES Future Village Page 23 ONNI •! 70,970 sq ft, •! 64 Residential Units •! 16,000 sq ft of Retail Page 24 ONNI •! 91,027 sq ft, •! 81 Residential Units •! 11,600 sq ft of Retail Page 25 ONNI Lloyd Ave., North Vancouver •! 74,548 sq ft, •! 75 Residential Units Page 26 ONNI •! 14.6 Acre Site •! 500,000 sq ft of buildable area •! 350 Residential Units Page 27 ONNI Page 28 ONNI Page 29 ONNI “Centreview” on Lonsdale •! 460,000 sq ft of buildable area •! 330-350 Residential Units •! 190,000 sq ft of Retail and Office Page 30 GWL Northwoods Business Park •! Acquired in November, 2003 •! Site Area: 24 acres •! Total development area completed to date: 243,320 square feet •! Currently under development: 92,874 square feet of flex office/ industrial space •! Future development: !! Up to 50,000 square feet of community-oriented retail services !! 83 rental apartment units Awards: 2007 UDI Award for Excellence in Urban Development 2006 NAIOP Industrial Development of the Year Page 31 GWL Northwoods Business Park Page 32 GWL Northwoods Business Park Page 33 Moderator Questions 1.) There seems to be very strong demand for housing in all product classes Some major existing and future projects include: üBritish Pacific Properties Rodgers Creek üEvelyn by Onni on Taylor Way üOnni , Wesgroup, and Anthem on Lonsdale üBosa redevelopment in Lynn Valley üSeylynn project near Iron Workers Memorial Bridge üGrosvenor’s project at 14th and Marine üConcert’s Waterfront Harbourside project What is fuelling all this demand and what attracts people to reside on the North Shore? Page 34 Moderator Questions 2.) With this demographic shift to increased population growth, it would suggest a great opportunity for additional food and retail services to meet the demand. How can Park Royal and others respond to this trend and meet the demand for retail space on the North Shore and where do you see the future growth? Page 35 Moderator Questions 3.) The North Shore does not have the luxury of excess land, so there will be increased pressure for mixed use projects that challenge the existing zoning on height & density on major nodes. How can the North Shore accommodate this demand? Seylynn Village Mixed-Use Development Rendering Page 36 Moderator Questions District of North Vancouver Page 37 Moderator Questions Lower Capilano Marine Drive Village Centre Page 38 Moderator Questions 4.) Commercial Development appears to be on the rise with significant projects in the cue. The $8 Billion Seaspan contract was a great boost for the local economy. What attracts businesses to operate from the North Shore? Seaspan Future Facilities Page 39 Moderator Questions 5.) The North Shore is already congested and can only increase with more growth. Other than the Sea Bus, we do not have any rapid transit. How can we alleviate this pressure going forward? Page 40 Moderator Questions 6.) The First Nations controls a lot of land that has not been utilized. There would appear to be tremendous opportunity to facilitate some of the growth demand through partnerships with the Squamish First Nation. Where and when do you see the potential for this opportunity? Page 41 IS THE NORTHSHORE THE NEXT BIG REAL ESTATE PLAY? Moderator: Mark Hannah: Principal, Avison Young Canada Panel: Rick Amantea: Vice President Community Partnerships and Development, Larco Investments John Conicella: President, Bri sh Pacific Proper es Beau Jarvis: Vice President, Development, Onni Group Rob Kavanagh: Vice President, Asset Management & Managing Broker, GWL Realty Advisors Inc.