Dark PMS 309 Light PMS 3248 Reversed 7960 ALDERBRIDGE WAY RICHMOND, BC 70,000 SF OF BRAND NEW TRANSIT ORIENTED RETAIL IN THE HEART OF RICHMOND EXECUTIVE SUMMARY KEY HIGHLIGHTS OPPORTUNITY LOCATED IN THE Avison Young is pleased to present the opportunity to lease 7960 Alderbridge Way transit oriented retail space in the heart of Richmond, at Municipal Address HEART OF RICHMOND Richmond, BC the corner of No. 3 Road and Alderbridge Way. The subject property will comprise of 7 towers, approximately 800 Availability Completion estimated 2021 residential units, 145,000 square feet of office space and LIVE, WORK & PLAY 70,000 square feet of retail space and a public pedestrian DEVELOPMENT plaza. It is located at the centre of a dynamic developing Asking Basic Rate Please contact listing agents community, with great access from nearby residential, office, and transit population. Estimated Operating Please contact listing agents DIRECT ACCESS TO Costs (2021) CANADA LINE SKYTRAIN Atmosphere is located directly across the street from CA (this commercial Lansdowne Canada Line SkyTrain Station (9,200 passengers development zone allows for daily) and Lansdowne Centre, where plans to redevelop wide range of commercial uses, Zoning please contact listing agents for HIGH TRAFFIC AREA the 50-acre shopping centre property are underway. The a copy of the complete zoning subject property is a five-minute drive away from Highway bylaw) 91 or Highway 99, 10 minutes away from Vancouver FRONTAGE ON BOTH International Airport, and under 30 minutes by car or Parking Over 200 parking stalls NO. 3 ROAD AND SkyTrain to Downtown Vancouver. 800 residential units ALDERBRIDGE WAY *28 affordable units The subject property is centrally located within the City *270 rental units Development of Richmond. With a focus by the City of Richmond on *500 market units 145,000 sf office PUBLIC PEDESTRIAN densifying No. 3 Road along the Canada Line. Atmosphere 70,000 sf retail PLAZA is positioned at the epicentre of a growing city centre community, servicing urban residents, office workers and commuters. OFFICE RESIDENTIAL - MARKET RETAIL RESIDENTIAL - RENTAL 145,000 SF 500 UNITS 70,000 SF 270 UNITS RICHMOND’S OLYMPIC GROWTH & WORKSAFE BC OVAL RICHMOND-BRIGHOUSERICHMOND CENTRE T&T SUPERMARKET STATION PRICESMARTLONDON DRUGS LANSDOWNE CENTRE RICHMOND HOSPITAL SUPERSTORE SUBJECT PROPERTY CADENCE LANDSDOWNEDark EVOLUTION STATIONPMS 309 KWANTLEN POLYTECHNIC UNIVERSITY Light PMS 3248 The City of Richmond has Reversed 795,908 SF 795,908 transformed from a rural, local SF 600,000 GLA: 70,000 SF 70,000 community to an international city GLA: with a balance of urban, suburban GLA: family, and rural areas. The City has focused its growth plan on live, work DAILY 9,200 COMMUTERS and play urban densification along DAILY 22,400 COMMUTERS the Canada Line, between Bridgeport Road and Westminster Highway. Directly across from the subject property, Lansdowne Centre is planning to redevelop their 50-acre property over the next 10 years with up to 24 new towers inclusive of residential, office, retail, and a city park. New residents and tenants are attracted to the area’s central location, amenities, quality of life and price point for residential. NEW EAST-WEST ROAD NEW NORTH-SOUTH ROAD LANSDOWNE ROAD TRANSIT SCORE NO. 3 ROAD 25,814 VPD 28,300 VPD ALDERBRIDGE WAY 94 WALK SCORE BIKE SCORE 84 75 TRADE AREA ][ UNITS CENSUS ][ AVAILABLE SUMMARY RICHMOND (TRADE AREA) 2017 POPULATION Unit 1 17,094 sf ESTIMATION Unit 2 2,124 sf Unit 3 4,742 sf Unit 4 4,842 sf 92,711 Unit 5 7,741 sf Unit 6 7,817 sf TOTAL Unit 7 5,860 sf HOUSEHOLDS Unit 8 19,780 sf CITY OF Unit 9 2,104 sf 37,758 RICHMOND CHANGE IN POPULATION (2018 to 2023) The City of Richmond is located on Canada’s Pacific Coast, favourably situated FLOOR PLAN within Metro Vancouver in close proximity to the City of Vancouver and the U.S. border. It is ethnically diverse and a growing urban centre of approximately 207,963 residents (2018 estimate, PCensus), making it the fourth largest city in 6.9% the province. Quick and direct access to Downtown Vancouver and Vancouver NEW NORTH-SOUTH ROAD International Airport (YVR) via the Canada Line SkyTrain makes Richmond an AVERAGE HOUSEHOLD ideal place to live, work, and play. UNIT 9 INCOME (2018) 2,104 SF UNIT 4 Richmond is geographically positioned as a “gateway” with superior land, sea 4,842 SF and air connections, providing local businesses with a competitive advantage. UNIT 6 7,817 SF Its economy supports over 126,000 jobs in various industries including retailing, services, tourism, technology, light industrial, aviation, agriculture, fishing and UNIT 1 17,094 SF Public $73,564 government. Pedestrian Plaza A city of stunning mountain vistas, beautiful waterfront sunsets and vibrant TOTAL DAYTIME UNIT 8 19,780 SF POPULATION urban living, Richmond is known for the Gulf of Georgia Cannery, Britannia UNIT 5 UNIT 3 7,741 SF UNIT 7 Shipyards National Historic Sites, the charming seaside village of Steveston, ROAD EAST-WEST NEW 4,742 SF 5,860 SF world-famous Asian summer night markets, and vibrant Chinese New Year UNIT 2 2,124 SF (28,814 VPD) ALDERBRIDGE WAY celebrations. The City gives its residents and visitors a unique “Far East meets West Coast” experience of authentic Asian culture along with the attractions and activities of the Lower Mainland’s Western Seaboard. 92,974 NO. 3 ROAD (28,300 VPD) PROPOSED LANSDOWNE STATION LANSDOWNE CENTER 9,200 COMMUTERS DAILY GLA: 600,000 SF Please contact Avison Young for further details on the opportunity Mike Hodge, Vice-President 604.757.5104 [email protected] Daniel Lee*, Principal 604.757.5102 [email protected] *Daniel J. Lee Personal Real Estate Corporation avisonyoung.com © 2018 Avison Young. All rights reserved. E. & O.E.: The information contained herein was obtained from sources that we deem reliable and, while thought to be correct, is not guaranteed by Avison Young Commercial Real Estate (B.C.) Inc.; DBA, Avison Young..