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Parker Jackson Lands · London, Ontario

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Parker Jackson Lands · London, Ontario ZONING & DRAFT PLAN APPROVED DEVELOPMENT LAND PARKER JACKSON LANDS COMMISSIONERS RD E JACKSON RD BRADLEY AVE 1653 COMMISSIONERS ROAD EAST & 2624 JACKSON ROAD, LONDON, ON ZONING & DRAFT PLAN APPROVED DEVELOPMENT LAND WHITE OAKS MALL HIGHLAND COUNTRY CLUB PARKER GLEN CAIRN PARK JACKSON VICTORIA HOSPITAL DOWNTOWN LONDON LANDS MILLS POND HIGHBURY AVE N Final phases are coming THE OFFERING soon and will provide up to 1,000 more units to the area. CITY WIDE SPORTS PARK ÉCOLE SECONDAIRE GABRIEL-DUMONT CBRE Limited is pleased to offer for sale 192 acres located at 1653 Commissioners Road East DARNLEY BLVD and 2624 Jackson Road (the “Site” or “Property”) in southeast London, Ontario. The Property has been rezoned and is draft plan approved with conditions for low and medium density residential blocks, as well as a school block, parks and open spaces. As such, the offering allows MEADOWGATE PARK for a significant development of scale. In addition, there are 25.9 acres of future development land at the corner of Jackson Road and Bradley Avenue. The configuration of the Site along JACKSON RD with the natural heritage features allows for premium lots to be built which is beneficial for COMMISSIONERS RD E any developer or builder. Based on the vendor’s preliminary lotting plan, the entire Property could allow for 510 single detached units, 143 freehold street townhouse units and 349 medium density units, for a total of 1,002 residential units on the Site, excluding any future phases. Development on the Site can commence in phases or a single phase if desired by the purchaser. The vendor has a proposed phasing plan, although this plan is not final and can be adjusted to meet the requirements of a purchaser. Within the proposed Phase 1 lands the vendor has plans showing 213 single family units, 36 freehold street townhouse units and 153 medium density units. A Site Alteration Agreement is being prepared by the City to complete the earthworks and they are drafting a Subdivision Agreement for the proposed Phase 1 lands. Approvals of both the site alteration drawing and Phase 1 engineering drawings is imminent. Commencement of earthworks on the Site can commence once the Site Alteration Agreement has been executed and required security posted. The vendor has filed an extension for draft plan approvals, ensuring that the draft plan approvals do not lapse in March 2021. BRADLEY AVE New housing construction activity in the City of London has remained strong throughout 2020. Year-to-Date (YTD), low density housing starts total 1,934 units (up 10% from YTD 2019) and INVESTMENT HIGHLIGHTS APPROVED DRAFT PLAN OF SUBDIVISION (2018) housing completions total 1,803 (up 14% from YTD 2019). This increase in housing construction Type Size (Ac.) activity has been accompanied by strong absorption, with nearly 2,000 low density units Low Density Residential 47.5 absorbed in 2019 (CMHC, 2020). Residential development in the Summerside and Meadowlily Medium Density Residential 33.4 Woods Neighbourhoods continues to be active with a number of projects currently under way School 5.0 in the area. Within 2.5 km of the Site there are four development projects, led by well known Park and Walkways 9.4 reputable local London developers. The Parker Jackson Lands are the last piece of key CONFIGURATION Future Development 25.9 development land in this area, and allows for a new neighbourhood in southeast London. FAVOURABLE Open Space 23.6 ALLOWS FOR DEMOGRAPHICS Open Space Buffer 8.7 PREMIUM LOTS The Site benefits from close proximity to major arterial roads such as Highbury Avenue and SWM Facility (transferred to the 9.1 Veterans Parkway. In addition, the Property is located minutes to the London International City) The natural heritage features and open Within a 1km radius of the Property the Airport, as well as Highway 401, allowing for direct connections across southwestern Ontario. Existing Hydro Corridor 4.0 spaces on the Site ideally allows for population is anticipated to increase by London provides a diverse array of amenities, services and a variety of top tier institutions Part Block 0.04 premium lots which is beneficial for any 8.9% by 2025. In addition, the average including the University of Western Ontario and University Hospital – London Health Sciences Access Block 0.08 purchaser. household income is just under $111,000 Centre. Road Widening 1.3 which is 16% higher than London’s total Reserves 0.1 average (SiteWise, 2020). Roads 33.0 PROPERTY INFORMATION Total 192.02 EARTHWORKS TO COMMENCE MARKET & DEMAND TOTAL SIZE 192 ac. AVE BRADLEY IMMINENTLY PIN(s) 081990206 & 081990170 Earthworks can commence once a Demand for low density residential FRONTAGE 5,120 ft. along Jackson Rd; 2,515 ft. along Commissioners Rd E Site Alteration Agreement is executed product remains strong in London, as the 1,225 ft. of frontage along Bradley Ave COMMISSIONERS RD E making this a significant opportunity to average price for a single detached house OFFICIAL PLAN Low Density Residential; Multi-Family, Medium Density build. A Site Alteration Agreement has has increased 28.5% over October 2019 Residential; Open Space; Urban Reserve Community Growth; been submitted by the vendor for the (LSTAR, 2020). Environmental Review entire Property. ZONING (As amended) R1, R4, R5, R6, OS1, OS5, UR4 EXISTING CONDITIONS Vacant and unimproved SERVICING Services are at Jackson Road and Darnley Boulevard, abutting the proposed Phase 1 lands. Please see Document Centre for more information. JACKSON RD OFFERING PROCESS CBRE Limited has been retained by the vendor as the exclusive advisor to seek DOCUMENT CENTRE proposals for the disposition of the Property in London, Ontario. • Engineering Approval - Phase 1 • Proposed Lot Plan The vendor’s objective is to maximize upfront cash sale proceeds and preference • Site Alteration • Phase 1 Preliminary Subdivision will be given to offers with limited (or no) conditionality. Interested purchasers • Draft Plan Conditions Plan (CAD and PDF) will berequired to execute and submit on CBRE’s Confidentiality Agreement • Draft Plan (2018) • Phasing Plan (“CA”) prior to receiving the information on the offering. • Geotechnical Report • Zoning By-Law Amendment • Hydrogeological Assessment • Survey All inquiries regarding the Property or for further information should be directed • Monitoring Plan • Vendors Form of APS to the advisors below. OFFER SUBMISSIONS CONFIDENTIALITY AGREEMENT Offers will be reviewed starting Asking Price: $59,950,000 January 6th, 2021. To access the Document Centre please sign the CA and return to: [email protected] All offers are requested to be submitted to the attention of both: Lauren White* | [email protected] David Yanoshita* | [email protected] 24 COMMERCIAL AMENITIES 1 Food Basics 7 White Oaks Mall 11 2 Shoppers Drug Mart 8 Costco 3 Shell Gas Station 9 Canadian Tire 16 4 MEC 10 Metro 15 DOWNTOWN LONDON 5 LCBO 14 11 Masonville Mall 6 FreshCo INSTITUTIONS WESTERN UNIVERSITY 12 Victoria Hospital 15 University Hospital 22 3 PARKER 13 Thompson Medical 16 Fanshawe College 17 JACKSON Care Centre 19 13 LANDS 14 Western University 1 10 12 2 6 PARKS & RECREATION 23 18 20 25 17 Pottersburg Off 21 Leash Dog Park 22 Thames Park 18 Glen Cairn Park 23 Highland Country Club 4 5 19 Meadowlily Woods Trail 24 Fanshawe Conservation Area 7 20 MeadowGate Park 9 26 25 Westminster Ponds 21 Mills Pond WESTMINSTER PONDS 26 Centrefield Sports Inc HIGHLAND COUNTRY CLUB 8 Contact Us For More Information LAND SERVICES GROUP CBRE LONDON Mike Czestochowski** Lauren White* Emelie Rowe* David Yanoshita* Meg McCallum* Executive Vice President Senior Vice President Planner Associate Vice President Assistant, Client Services T +1 416 495 6257 T +1 416 495 6223 T +1 416 495 6306 T +1 519 286 2020 T +1 519 286 2016 [email protected] [email protected] [email protected] [email protected] [email protected] CBRE Limited | 2005 Sheppard Ave E , Suite 800, Toronto, ON M2J 5B4 *Sales Representative **Broker | All outlines are approximate This disclaimer shall apply to the vendor, to include all employees and independent contractors (“Vendor”); and 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 the Vendor or CBRE, and the Vendor and CBRE do not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. The Vendor and CBRE do 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 the Vendor and 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 www.cbre.ca/mclsg respective owners. All Rights Reserved. Mapping Sources: Google Earth 11/2020 Mike Czestochowski** Lauren White* David Yanoshita* Executive Vice President Senior Vice President Associate Vice President 416 495 6257 416 495 6223 519 286 2020 [email protected] [email protected] [email protected] CONFIDENTIALITY AGREEMENT PARKER JACKSON LANDS · LONDON, ONTARIO The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through the Land Services Group, has been retained by the vendor on an exclusive basis to arrange the sale of the Parker Jackson Lands (the “Property”).
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