land ownership & brand new commercial development leasing...
TRANSCRIPT
PRINCE GEORGE University of
Northern British Columbia
College HeightsSecondary School
HIGHWAY 16
HIGHWAY 97
TYNER BLVD
Subject Site
DO
MA
NO
BLVD
Land Ownership & Leasing Opportunities
Brand New Commercial Development in Prince George
Curtis Leonhardt*604 638 [email protected]
Jackson Safrata604 398 [email protected]
*Personal Real Estate Corporation
ContactJoe Genest*604 398 [email protected]
Location6500 Southridge AvenuePrince GeorgeBritish Columbia
Opportunity
The subject site presents an excellent opportunity for retailers, hoteliers, and residential developers to secure land through ownership or leasing positions in the desirable College Heights neighbourhood of Prince George. With up to 16 acres of developable land, the site will ultimately be zoned, serviced and subdivided catering to specific user requirements.
Offering Process
Prospective purchasers and tenants are invited to submit formal offers or non-binding letters of intent to Southborough Investments Ltd. c/o Form Real Estate Advisors. All offers will be subject to vendor’s conditions to be provided.
Salient Details
Land Ownership & Leasing Opportunities6500 Southridge Avenue
Prince George BC
02
Municipal Address:6500 Southridge Avenue, Prince George, BC
Site Size: Up to 16 acres
Future Land Use: Neighbourhood Centres, Corridor
Future Zoning: C2, C3, C5 and C6
Project Completion: Q4 2020
Highlights
Centrally located and highly accessible site with ample opportunity for various retailers, businesses and amenities in the College Heights neighbourhood.
Multiple commercial zones accommodate major shopping centres, hotels and complementary residential development, providing a wide variety of permitted uses.
Strategically positioned to benefit from immediate area anchors of Walmart, Save-on-Foods, Canadian Tire, The Home Depot along with a strong roster of national, regional and local tenants within Smart Centres Prince George and College Heights Plaza.
Targeted uses / businesses include: Grocery, hospitality, health & wellness, restaurants, convenience, medical, general retail, automotive and many more.
YELLOWHEAD HWY
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College Heights Plaza
O’Grady HeightsResidential Development
Subject Site
Future ResidentialDevelopment
New CondoDevelopment
®
Location Overview
The subject site is located approximately seven kilometres southwest of downtown Prince George in the College Heights neighbourhood. Located in the western end of Prince George, College Heights is home to many large box stores, banks, restaurants, parks, trails and residential areas. This neighbourhood features some of the newest developments in the city, boasts higher than average disposal income and is in close proximity to the University of Northern BC. The subject site occupies a major and central position in the region, sharing boundaries with Walmart to the west, and the balance of SmartCentres Prince George to the north which includes numerous national retailers such as Canadian Tire, The Home Depot, and Mark’s. This to-be-developed commercial centre is strategically located with exposure to Southridge Avenue, a primary thoroughfare connecting College Heights to Yellowhead Highway and ultimately downtown Prince George, experiencing over 20,000 vehicles per day. The highly accessible site features two points of ingress/egress from Southridge Avenue and O’Grady Road.
Land Ownership & Leasing Opportunities6500 Southridge Avenue
Prince George BC
03
Prince George Highlights
Named the city with the strongest economic outlook among mid-sized Canadian cities by the Conference Board of Canada in 2016
In close proximity to major operating mines including Mt. Milligan, Endako and Gibraltar, and home to approximately 20% of northern BC's mining sector employees
Growth of the economy is due to its diversification across all sectors: Construction, forestry and pulp & paper, mining, energy & bioenergy, transportation & logistics, manufacturing and wholesale & retail trade
Prince George International Airport (YXS) has the fourth longest runway in Canada servicing over 460,000 passengers annually
PopulationCity - 86,000Trade Area - 320,000
Young Population73% under 5536% under 24
Average Household IncomeCity - $101,117Trade Area - $116,436
Employment RatePrince George - 65.3%British Columbia - 60.5%
Building Permit Values (2011-2016)Total - $659.53 millionNon Residential - $362.53 million (55% of total)
YELL OWHEAD H
IGHW
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DOMANO BLVD
TYNER BLV
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COLLEGEHEIGHTS
DOWNTOWNPRINCE GEORGE
Subject Site
University ofNorthern BC
Fast Facts
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Land Ownership & Leasing Opportunities6500 Southridge Avenue
Prince George BC
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TYNER BLVD
DOMANO BLVD
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MARLEAU ROAD
YELLOWHEAD HWY (16)
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1. Subject Site2. New Condo Development3. O’Grady Heights:
153 Residential Units Under Construction
4. Tyner Ridge Estates
5. Visions Electronics, EB Games, Domino’s
6. Walmart Supercentre7. Dollarama, Old Navy,
Reitman’s, La Senza, RBC8. Michael’s, Petland
9. Tim Horton’s10. Mark’s11. The Home Depot12. Canadian Tire13. Dairy Queen14. Scotiabank, McDonald’s
College Heights Aerial
15. KFC16. Chevron17. ESSO18. College Heights Plaza:
Save-On-Foods, Shoppers Drug Mart,
BC Liquor Store, TD Bank, Starbucks, Original Joe’s
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PROPOSED ROADWAYPROPOSED ROADWAY
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SITE PLANSCALE : 1:500
SOUTHBOROUGHNORTH
--PRINCE GEORGE
Lot B4.16 AC
Lot A2.75 AC
Lot C2.37 AC
Lot E1.0 AC
Lot D3.00 AC
Lot F2.1 AC
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Land Ownership & Leasing Opportunities6500 Southridge Avenue
Prince George BC
USA
Prince GeorgeEdmonton
Vancouver
Puerto Vallarta, Mexico
Terrace-Kitimat
SmithersFort St John
Fort Nelson
Victoria
Kamloops
Kelowna
Vernon
Calgary
82 rail hoursfrom Chicago
YXS passengers (2016)
Connected to domestic& international markets
12-40
462,007
hours closer to Asia than any other west coast ports
12-26 truck hours access to North American markets
17 rail hoursfrom Prince Rupert
Flight Times
Vancouver (YVR) 1 hr 20 mins
Kelowna (YLW) 1 hr 10 mins
Terrace-Kitimat (YXT) 1 hr 10 mins
Edmonton (YEG) 1 hr 15 mins
Prince George (YXS)
All communications and inquiries related to this opportunity, or requests for additional information or requests regarding procedures, must be made to the Form Retail Advisors Inc. agents named on the first page. No personnel of the Vendor or any of its affiliates should be contacted directly under any circumstance.
Disclaimer: None of the Vendor, its affiliates, Form Real Estate Advisors Inc. or any of their respective representatives makes any representation or warranty, express or implied, as to the accuracy or completeness of the information contained in this document, and interested parties should conduct their own independent analysis of the information contained or referred to herein. Nothing contained in this document is, or should be relied on as, a promise or representation, whether as to the past or the future. The Vendor, its affiliates, Form Real Estate Advisors Inc. and their respective representatives are under no obligation to accept any offer made by any person or entity regarding this opportunity.
Form Real Estate Advisors1280-333 Seymour StreetVancouver, BC V6B 5A6
T 604 638 2121 F 604 638 2122