purpose-built rental development site 2624-17a street sw 17a... · 2624 - 17a street sw, calgary,...
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2 6 2 4 - 1 7 A s t r e e t s WC A L G A R Y, A L B E R T A
P u r p o s e - B u i lt R e n t a l D e v e l o p m e n t S i t e
F o r S a l e o r J o i n t V e n t u r e
2624 - 17A STREET SW, CALGARY, ALBERTAPURPOSE-BUILT RENTAL DEVELOPMENT SITE
THE OPPORTUNITY
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”) is pleased to offer for sale or joint venture a purpose-built rental development site (the “Property”). The Property is a shovel-ready site totaling 40,569 square feet, located in the inner-city community of Bankview. The Property is situated on the corner of 17A Street SW and 26 Avenue SW, with convenient access to 14 Street SW. This is an exceptional inner-city location within walking distance to the amenities along the coveted entertainment corridor of 17 Avenue SW and the Marda Loop shopping district. The Property is fully entitled, has a Development Permit nearly complete, and all the various pre-development reports are available for review. The current conditional Development Permit calls for a striking one-hundred and twenty four (124) unit complex that definitively takes advantage of the Property’s geography and stepping. The design provides for a variety of unit types and sizes, which will surely attract a diversified range of quality occupants. The Property is considered an exceptional offering as the development risk has been virtually eliminated and is a very rare opportunity given the built-out nature of the community.
SITE INFORMATION
PROPOSED DEVELOPMENT INFORMATION
17A STREET SW 26 AVENUE SWSUBJECTPROPERTY
Property Address 2604 - 2624 -17A Street & 1816 - 26 Avenue SW
Site Area 40,569 SF
Community Bankview
Legal Description PLAN 1717 FW, BLOCK 10, LOTS 1-6PLAN 1310901, BLOCK 9, LOT 9
Land Use Designation M-C2
No. of Units 124
Unit Mix 93 - 1-Bedroom31 – 2-Bedroom
Gross Floor Area 105,708 SF
No. of Storeys 5
FAR 2.6
Building Height 52’ to 59’
Parking 110 Stalls
List Price or Joint Venture: Contact the Listing Agents for pricing guidance and/or potential joint venture deal structure
2624 - 17A STREET SW, CALGARY, ALBERTAPURPOSE-BUILT RENTAL DEVELOPMENT SITE
SITE PLAN PROPOSED DEVELOPMENT
SUBJECTPROPERTY
LOCATION HIGHLIGHTS
11 MINS toDowntown Calgary
2624 - 17 Street SWCalgary, Alberta
28 MINS to Calgary International Airport
7 MINS to Westbrook Mall
7 MINS to Sunalta C-Train Station
Wide variety of retail in close proximately
Bus Routes throughout the city
Easy access toCrowchild Trial SW &
17 Avenue
The Property is situated in an exceptional location on 26th Avenue SW and benefits from the convenience of being located between the community of Marda Loop and 17th Avenue SW. The multitude of amenities located in each of these corridors is within a 1km walking radius to the subject site. A corner lot provides optimal exposure to traffic via 26th Avenue SW. Numerous Calgary Transit bus stops are located around the subject site and drive time to the downtown core is 10 minutes.
KEN WESTHAVER JLL Capital MarketsLand Services & DevelopmentSenior Vice President(403) [email protected]
RYAN MURPHY JLL Capital Markets Senior Sales Associate (403) 456-5582 [email protected]
SAMUEL DEANJLL Capital Markets, MultifamilySenior Vice President (403) 456-8100 [email protected]
All inquiries regarding the Property should be directed to:
DISCLAIMER© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should be placed on the information contained in this document. JLL does 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 JLL.
OFFERING PROCESS
Jones Lang LaSalle Real Estate Services, Inc. (the “Advisor”) has been exclusively retained by the Owner to seek proposals to either acquire the Property or enter into a joint venture agreement. Prospective purchasers/partners should also be aware that a virtual data room (Box account) is setup to facilitate access to key property-related documents. Please contact the undersigned to arrange access to this website. Interested parties will be required to execute and submit the Owner’s form of Confidentiality Agreement prior to receiving detailed information about the Property.
SUBJECTPROPERTY