160 acres RESIDENTIAL development land 9999-146 Avenue SE CALGARY, ALBERTA SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA LIST PRICE: $34,500,000 THE OPPORTUNITY Jones Lang LaSalle Real Estate Services, Inc. (“JLL”), through its Calgary office, is pleased to announce that it has listed for sale approximately 160 acres of residential development land, located in southeast Calgary. Located within the planned community of Hotchkiss, the subject property, as set forth in the South Shepard Area Structure Plan (the “ASP”), is to be developed into a future residential subdivision consistent in form and density with many of its currently built-out neighbours (e.g. Mahogany, Auburn Bay, and Copperfield). As one of Calgary’s dominant growth corridors, the southeast sector is largely built-out, with the remaining development capacity largely in the control of only a handful of developers. Adjacent to the Property two of Calgary’s premier developers (e.g. Hopewell Residential and Melcor Developments Ltd.) have already received development approval from The City of Calgary. Site servicing is expected to commence in the spring of 2020. A JLL Box Account has been set up to provide additional property and planning details. INVESTMENT HIGHLIGHTS • The ASP is in place and it secures the Property’s future as a residential development parcel; • The Growth Management Overlay has been lifted by The City to allow development of the adja- cent lands by both Hopewell and Melcor, with Hopewell front-ending the majority of the infra- structure for the area; • The southeast sector is forecasted by The City of Calgary to secure 28% of residential demand (2018-2022); • With the majority of lands in the southeast already controlled by some of Calgary’s premiere developers, there are almost no other options available to acquire land for large scale residen- tial development. • The land has been in continual agricultural use, has not had any industrial use since initial reg- istration, and there are no known environmental liabilities. PROPERTY SUMMARY PROPERTY SITE LEGAL Land-Use COMMUNITY TOPOGRAPHY LIST PRICE: $34,500,000 ADDRESS AREA Description Designation 9999 - 146 Ave SE 159.41 Acres 4;29;22;36;NE S-FUD Hotchkiss Generally Flat 2 3 SOUTH SHEPARD ASP DEVELOPMENT LAND LIST PRICE: $34,500,000 2 LOCATION HIGHLIGHTS CANYON MEADOWS The Property is located just to the east of Stoney Trail SE and north of Highway 22X. Being so close to the regional transportation network makes this Property well situated to access downtown, the airport and key regional 9999-146 Ave SE 25 MINS to facilities like the South Calgary Hospital, the Recreation Centre (Brookfield Residential YMCA at Seton) and the Calgary, Alberta Downtown Calgary public library. In addition, the southeast sector is supported by many of Canada’s premiere grocers and retailers. QUEENSLAND Brookfield Residential YMCA at Seton SOUTH TRAIL CROSSING 100 Street SE DEER RIDGE SHAWNEE SLOPES 9 MINS to 29 MINS to Calgary South Trail Crossing International Airport SUBJECT PROPERTY PARKLAND 146 Avenue SE NEW BRIGHTON MILLRISE MCKENZIE TOWNE 104 Street SE Wide variety of retail 13 MINS to COPPERFIELD in close proximately Seton 201 MIDNAPORE MCKENZIE TOWNE SHAWNESSY MAHOGANY Rapid transit access to Easy access to Stoney Seton and Auburn Bay Trail & Alberta 22X SOMERSET SUNDANCE MAHOGANY Seton Library 22X AUBURN BAY 22X SETON 2A SILVERADO Seton South Health Campus CHAPARRAL Brookfield Residential YMCA at Seton SETON Seton Library 2A SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA LIST PRICE: $34,500,000 PLANNING OVERVIEW LAND USE & TRANSPORTATION CONCEPT SOUTH SHEPARD AREA STRUCTURE PLAN (ASP) • As the subject Property is located within this planning area, this 2013 approved plan is the Statutory policy plan that sets out the form of development to occur on all lands within the planning area, including the subject Property • The ASP directs that the form of development anticipated for the subject property is a typical “neighborhood area” con- sisting primarily of a mix of single family and low density multi-family development PLAN AREA ATTRIBUTES ENVIRONMENTAL OPEN SPACE STUDY AREA Source: City of Calgary, South Shepard Area Structure Plan 6 7 SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA LIST PRICE: $34,500,000 OWNERSHIP PROFILE LAND USE DESIGNATION The Property is currently located beside parcels being developed by Hopewell Residential and Melcor. • The Property is currently in the holding district of S-FUD (Special Purpose – Future Urban District) • This will require a change in the future in order to accommodate the range of residential uses contemplated within ASP • Any land use application will require a supporting Outline Plan that in turn will detail exactly how the subject Property and its adjoining lands are to be serviced – including what off- site municipal services must be constructed to accommo- date any development GROWTH MANAGEMENT OVERLAY • The City of Calgary, in 2018, removed the Growth Management Overlay for the adjacent lands (ie. South Shepard Bylaw Hopewell 38P2017) Residential • As a result, development of the lands to the west, which are owned by Hopewell Residential and development of the lands to the south, which are owned Melcor, can proceed Hopewell • The City subsequently approved an Outline Plan and Land Use redesignation so to allow development of these lands to Residential proceed • City administration was directed by City Council to explore the phasing out of the GMO. A report is due back to the Prior- ities and Finance Committee in 2020. Source: City of Calgary, South Shepard Area Structure Plan 38P2017 8 9 SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA LIST PRICE: $34,500,000 ADJACENT DEVELOPMENT SERVICING OVERVIEW • While the Growth Management Overlay is still in place for the subject Property, development of the adjacent land is pro- The table below is from The City of Calgary’s “ Suburban Residential Growth 2019-2023 report. ceeding • City Council report C2018-0881, provide the developers approval to commence development immediately • It is anticipated that development will commence spring of 2020 HOPEWELL RESIDENTIAL: PROPOOUTLINESE PLAND OUTLINE PLAN MELCOR DEVELOPMENTS: OUTLINE PLAN SUBJECT PROPERTY Source: City of Calgary, Suburban Residential Growth 2019-2023 10 11 SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA LIST PRICE: $34,500,000 SERVICING OVERVIEW SERVICING OVERVIEW Map 15: Southeast sector vacant residential land supply by servicing status as of October 2017 The infrastructure shown on this map illustrates the requirements to service the entire Area Structure Plan. NEW SUBURBAN AREAS GROWTH FORECASTS 2019-2023 I R Legend W GLENMORE TR SE EAST O B Sector Boundary Serviced (all leading City infrastructure in place) (Fire, Transportation,RIVERBEND Water, Sanitary, Storm Sewer) SECTION 23 Partially Serviced SOUTH FOOTHILLS t (some leading infrastructure in place, but not all five) Needs Fire Needs Transportation Needs Water Resources C I T 24 ST SE (water, sanitary or storm) Y L I Unserviced M I SHEPARD T (no leading infrastructure in place) E S INDUSTRIAL S Subject To ASP Approval R C T P (Will Include Residential And RA Non Residential Uses) W ILW O AY L ! Future Water Feedermain R A D B Future Storm Trunk EER 114 AV SE FO D SE O T Future Sanitary Trunk TR SE EAST SHEPARD INDUSTRIAL ! Future Sanitary Lift Station DOUGLASDALE/ # Future Pressure ReductionGLEN Station B E S O S TO T " SE Future Reservoir W LANDFILL S T SITE N SOUTH SHEPARD ASP 2 S R E ! Future Pump Station 5 I 8 V E Y R 6 Future Skeletal Road TR S Future Arterial Street E "E ³ Future Flyover 1 3 0 AV SE B ! L FutureO Partial Interchange W ! L B ¬ O FutureT Full Interchange T O M "E EmergencyT Response Station NEW R S BRIGHTON TransportationE Utility Corridor F I S MCKENZIE MCKENZIE H SOUTH LAKE TOWNE C 5 COPPERFIELD 2 R S E T E S K E E TR S RNE F LO IS O RQU MA AUBURN BAY ARQUIS OF LORNE TR SE MAHOGANY C I T B Y O W L I M R I T SE S I BV V ON SET E R RANGEVIEW CRANSTON ASP "E REMAINDER ! L E SETON RS T T "E O ¬ O ¬ 212 F AV SE R M E A E C D L E O Pine Creek D Wastewater ITS LIM T Treatment Y R IT Plant C S E R I V O W E R B CITY LIMITS Source: City of Calgary, Suburban Residential Growth 2019-2023 Source: City of Calgary, Suburban Residential Growth 2019-2023 12 Sector data findings and forecasts | Part 3 3-33 13 SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA LIST PRICE: $34,500,000 MARKET DEMAND SUPPLY The Calgary Economic Region is estimated to grow by an average of 18,740 people per year. This represents an average annual FORECASTForecast estimate ESTIMATE of totalunits TOTAL 2018-2022, UNITS 2018-2022, City of Calgary CITY and OF new CALGARY suburban AND areas NEW SUBURBAN AREA growth rate of 1.2 per cent per year to 2022. Year 2018 2019 2020 2021 2022 2018-2022 Yearly Average POPULATION City-Wide Forecast (Total Units) (see Table 9) 4,400 4,100 5,900 8,000 9,600 32,000 6,400 The CER held a population of 1,563,000 in 2017 and is projected to increase by 93,700 people to 1,656,700 by 2022. Calgary’s population forecast for 2022 is 1,322,800 accounting for 80 per cent of the region’s population, adding 76,700 people. Total Units - Forecast Estimates for Growth into New Suburban Communities Average Historical Average Forecast Share Sector Share 2018-2022 5 year 3 year 2 year % Units % Units % Units % Units % Units % Units Hectares Acres