stadium-chinato wn · t eas 2 ndvenue t er m venue main street-science world station...

Ma

in Street

eaSt 2nd avenue

terMinal avenue

Main Street-Science WorldStation

StadiuM-chinatoWnStation

Olympic Village

Mount Pleasant Tech Hub

New St Paul’s Hospital

Subject Property

Partnership. Performance.

for SaleRare opportunity to acquire a transit-oriented, mixed-use development site in Vancouver’s False Creek Flats.

220 & 238 eaSt 1St aVenuevancouver, Bc

Michael Emmott, Senior [email protected]

Robert Levine, Principal 604.647.5066 [email protected]

Rob Greer*, Principal 604.647.5084 [email protected] * Robert Greer Personal Real Estate Corporation

Amanda Payne, Senior [email protected]

Michael C. Gill, Principal 604.647.5067 [email protected]

opportunityavison Young is pleased to present the opportunity to acquire this high-profile mixed-use development site, ideally located within the creative campus area of the city of vancouver’s False creek Flats. The site is designated as “Mixed-use with Residential” under the recently approved False creek Flats Draft area Plan (“FcF Plan”), which permits development up to an FSr of 6.5 times the site area. Situated on the south east corner of Main Street and east 1st avenue, this exceptional site benefits from a multitude of public transit options; located one city block away from the Main Street-Science World Skytrain station as well as the Pacific central train station and bus depot.

220& 238 eaSt 1St aVenuevancouver, Bc

FLATS PLAN STRUCTURE PLAN

The Draft Plan

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STRATHCONAPARK

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INNOVATION HUB

EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT

NEW ST. PAUL’SHEALTHCAMPUS

PACIFICCENTRALSTATION

INNOVATION HUB


EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT


New ar ter ia l options:pending seperate process

Ped / cycl ing br idges

Ped / cycl ing routes

Walk the Line

Residentia l

Employment Areas

Mixed use with residentia l

Street c losure across ra i l

Industr ia l , Commercia l , Creative Manufactur ing

Industr ia l , Production , Distr ibution , Service , Ar t

New street l inkages

East-West ar ter ia l overpassoption

Innovation , Technology, Creative , Research , Industr ia l

Amenity node

Institutional anchors

Transit station/skytra in l ine

Future transit station/skytra in l ine

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LEGEND

FALSE CREEK FLATSSTRUCTURE PLANSTRUCTURE

PLAN


The Draft Plan

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#falsecreekflats

STRATHCONAPARK

TRILLIUMPARK

THORNTONPARK

CREEKSIDEPARK


GUELPH PARK

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EMILY CARRCAMPUS

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CULTURALPRECINCT



INNOVATION HUB


EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT





Walk the Line

Residentia l

Employment Areas








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PLAN


The Draft Plan

22

#falsecreekflats

STRATHCONAPARK

TRILLIUMPARK

THORNTONPARK

CREEKSIDEPARK


GUELPH PARK

E 5TH AVE

E 6TH AVE

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EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT



INNOVATION HUB


EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT





Walk the Line

Residentia l

Employment Areas








Amenity node




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PLAN


The Draft Plan

22

#falsecreekflats

STRATHCONAPARK

TRILLIUMPARK

THORNTONPARK

CREEKSIDEPARK


GUELPH PARK

E 5TH AVE

E 6TH AVE

E 7TH AVE

E 1ST AVE

E 2ND AVE

E 1ST AVE

E 1ST AVE

E 3RD AVE

E 4TH AVE

NATIONAL AVE

AV

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PACIFIC BLVD

INNOVATION HUB

EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT



INNOVATION HUB


EMILY CARRCAMPUS

HERITAGERAIL HUB

CULTURALPRECINCT





Walk the Line

Residentia l

Employment Areas








Amenity node




Publ ic node

LEGEND


PLAN

Source: False Creek Flats Draft Area Plan, City of Vancouver

False Creek Flats Structure Plan

Investment Highlights ✓ Highly coveted False creek Flats location,

a hub for tech commercial uses and highly desirable area to live and work

✓ unparalleled local amenities – numerous shops, restaurants, breweries and public spaces

✓ adjacent to the Mount Pleasant Tech Hub, where Westbank and founder of Hootsuite, ryan Holmes, have partnered to develop a digital media and high-tech campus

✓ exceptional access to public transport with SkyTrain one block away and a bus stop steps away on Main Street

✓ very high demand for rental accommodation in vancouver, with a vacancy rate of 0.8% (per cMHc) and exponentially increasing rental rates

18

STRUCTURE PLAN 5.4

The structure plan provides the overall physical framework for the local area plan and the policy directions outlined in the following chapters:

Figure 6: False Creek Flats Structure Plan

Subject Property

Development Potential This site is uniquely designated as an “Innovation District Mixed-use Prototype” under the False creek Flats Draft area Plan which was recently approved by council on May 17, 2017. under this designation, “zoned job space will be achieved, with opportunity for additional density for secured rental housing or a mix of social and market condo above. Industrial and retail spaces will activate the ground floor and contribute to the life on the street in this district.”

additional uses: creative Products Manufacturing (cPM); Digital entertainment, Information and communication Technology (DeIcT); and rental residential.

Density: conditional up to 6.5 FSr

Height: conditional up to ~ 140 ft (subject to view cone 22)

Conditional Requirement: Maximum height and density can be achieved by providing at least 3.0 FSr of job space, including a minimum of 1.0 FSr of light industrial or artist Studio B, providing an amenity share contribution for a bonus of additional density and incorporation of design considerations as outlined in the Guidelines for the False creek Flats. (Source: False Creek Flats Draft Area Plan, City of Vancouver)

False creek Flats - A dynamic and rapidly growing neighbourhood with incredible potentialThe False creek Flats area consists of approximately 450 acres of primarily industrial and employment lands located adjacent to high density residential neighbourhoods, situated less than a kilometre from both Downtown vancouver and the Port. The area currently generates 8,000 jobs, with 600 diverse businesses including 30+ technology & research and development businesses (Source: “The Flats Area Profile”, City of Vancouver).

upcoming Improvements in the False Creek Flats

– The area is set to benefit from the relocation of St Paul’s Hospital into a state-of-the-art new facility in the False creek Flats.

– $200-million plan to remove the Georgia and Dunsmuir viaducts, thereby maximizing the future potential of a largely undeveloped 50-hectare section of the northeast False creek neighbourhood.

– The extension of the Millennium Line from VCC Clark will further enhance the accessibility of the area and provide another SkyTrain stop in the Flats at the emily carr campus. construction of the Millennium Line extension could begin by 2019.

Property DetailsLegal Description Lots 1&2, Block 6, District Lot 200a, Plan 197, Township 36, except Plan 7215Lots 3-5, Block 6, District Lot 200a, Township 36, Plan 197Lot 6, Block 6, District Lot 200a, Plan 197

PID(S)015-532-038, 015-532-054, 015-532-119, 015-532-101, 015-532-089, 005-209-200

Site Size 30,702 SF

net Operating Income (2017)$167,000

Zoning Ic-2

False Creek Flats OCP DesignationMixed-use with residential. conditional density up to 6.5 FSr

environmentalPhase 1 and Phase 2 available

Financing clear Title

Bare trustee Title to the property is held by a nominee company, the shares of which can be purchased

Pricecontact listing agents

rendering of Potential Development

Avison Young #2900-1055 W. Georgia Street Box 11109 Royal Centre Vancouver, BC V6E 3P3, Canada

Partnership. Performance.

avisonyoung.com

© 2017 avison Young. all rights reserved.

e. & o.e.: The information contained herein was obtained from sources which we deem reliable and, while thought to be correct, is not guaranteed by avison Young commercial real estate (B.c.) Inc.; DBa, avison Young.

Michael Emmott, Senior [email protected]

Robert Levine, Principal 604.647.5066 [email protected]

Rob Greer*, Principal 604.647.5084 [email protected] * Robert Greer Personal Real Estate Corporation

Amanda Payne, Senior [email protected]

Michael C. Gill, Principal 604.647.5067 [email protected]

Planned Removal of Georgia & Dunsmuir Viaducts

Main Street Brewing Co.

Mount Pleasant Community CentreMount Pleasant Library

Mount Pleasant Elementary

Science World

BC Place Rogers Arena

Seawall

Columbia College

Mercedes-Benz

Porsche

Burrard Acura

Rocky Mountaineer

Pacific Central Station

Chinatown

Downtown

Mount Pleasant Tech Hub

Gastown

False Creek

Beta5 Chocolates

Cliffhanger Climbing Gyms

The Hive Bouldering Gym

Red Truck Beer Company

Nuba Café

Hootsuite

Cartems Donuterie

Peaceful Restaurant New St Paul’s Hospital Site

Main Street- Science World Station

Proposed New Skytrain Station

Trillium Park

Subject Property

Source: Google

Location accessibility 98

Walk Score92

Transit Score92

Bike Score

caMbie Street bridge

Main StreetPrior Street

terMinal avenue

great northern Way

e 2nd avenueArgo Cafe

Earnest Ice Cream

Emily Carr Campus

Olympic Village

Brassneck Brewery

St. Francis Xavier School

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