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TRANSCRIPT
Landmark Opportunity
BEVERLEY STREE T TO R O N TO, O N TA R I O
Dundas Street West
Dundas Street West
D’Arcy Street
D’Arcy Street
Beverley Stre
et
Beverley Stre
et
136 BEVERLEY STREET
Landmark Investment Opportunity -
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Dundas Street West
Dundas Street West
D’Arcy Street
D’Arcy Street
Beverley Stre
et
Beverley Stre
et
the offering
On behalf of the Consolato Generale d’Italia in Toronto and the Canadian Italian Business and Professional Association of Toronto (collectively, the “Parties”), CBRE Limited (the “Advisor”) is pleased to present this extraordinary development opportunity, located at 136 Beverley Street, Toronto (the “Property”, “Site” or “136 Beverley”). Situated on a 33,323 sq. ft. land parcel at the northwest corner of Dundas Street West and Beverley Street in the heart of Toronto’s Downtown West node, 136 Beverley Street is renowned as the house of the Consulate General of Italy. Occupying the northern portion of the Site is the Chudleigh Mansion, a 18,300 sq. ft. heritage building that currently houses the consular post. The Property’s improvements, including the Mansion, are all situated on the northern portion of the Site, providing an exceptional development opportunity (“the Offering”) with frontage along Dundas Street West, immediately adjacent to the Art Gallery of Ontario.
136 Beverley Street, Toronto
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Exceptional Development Opportunity
The Consolato Generale d’Italia is seeking expressions of interest from developers, institutions or other entities who are interested in working with the Parties to enhance the full potential of the Site. The purpose of the offering is to leverage the lands’ development potential to create an iconic new construction for Torontonians and to fund a careful restoration of the existing heritage building. The development lands along Dundas Street West provide a variety of opportunities for new construction, the value of which would be realized in the improvement of the Property. The most ideal redevelopment - while preserving the heritage building - would establish a landmark for the Italian-Canadian Community in downtown Toronto to showcase Italy and benefit Italians, Canadians of Italian heritage, local neighbors and the City of Toronto as a whole. The redevelopment would also consolidate the institutional presence of the Italian Government under one roof in a state-of-the-art facility, while housing other organizations of the Italian and Italian-Canadian Community.
To achieve these objectives, the Parties are seeking a development proposal that will:
1. Renovate and restore the existing Consulate premises ensuring the preservation of its heritage features and the permanence of the Italian Consulate on the site;
2. Relocate the Italian Consulate temporarily during such renovations to ensure continuance of consular services;
3. Create new space to promote Italy and the Italian-Canadian heritage and identity;
4. Respect the existing character and aesthetic of the neighborhood; and
5. Provide a future community cultural heritage fund for the benefit of the Italian-Canadian community in Toronto.
The Parties seek expressions of interest to assess the feasibility of achieving the objectives illustrated above.
Landmark Investment Opportunity - the offering
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Ownership and Partners
The Property is currently owned and occupied by the Consolato Generale d’Italia a Toronto, an office of the Italian Ministry of Foreign Affairs and International Cooperation. The Consulate protects the interests of Italians living in Ontario, Manitoba and Western Territories and provides visa services to foreigners traveling or moving to Italy for various reasons. The Consulate also promotes bilateral trade, Italian culture and language, as well as bilateral scientific cooperation and intercultural exchange.
The Canadian Italian Business and Professional Association of Toronto (CIBPA) is a non-profit member organization founded in 1952 which seeks to represent the interest and views of Canadians of Italian heritage. More information as to the key development objectives for the stakeholders are detailed in the Confidential Information Memorandum (“CIM”).
136 Beverley Street, Toronto
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STREETCAR 505STREETCAR 505
ST. PATRICK STATIONST. PATRICK STATION
OSGOODE STATIONOSGOODE STATION
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ST. ANDREW STATIONST. ANDREW STATION
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John StreetJohn Street
Adelaide Street WestAdelaide Street West
Dundas Street WestDundas Street West
Phoebe StreetPhoebe Street
Queen Street WestQueen Street West
Huron Street
Huron Street
Spadina Avenue
Spadina Avenue
D’Arcy StreetD’Arcy Street
Baldwin StreetBaldwin Street
136 BEVERLEY STREET
Landmark Investment Opportunity - the offering
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STREETCAR 505STREETCAR 505
ST. PATRICK STATIONST. PATRICK STATION
OSGOODE STATIONOSGOODE STATION
UNION STATIONUNION STATION
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ST. ANDREW STATIONST. ANDREW STATION
Beverley Street
Beverley Street
McC
aul Street
McC
aul Street
Uni
vers
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Ave
nue
Uni
vers
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Ave
nue St Pa
trick StreetSt Pa
trick Street
John StreetJohn Street
Adelaide Street WestAdelaide Street West
Dundas Street WestDundas Street West
Phoebe StreetPhoebe Street
Queen Street WestQueen Street West
Huron Street
Huron Street
Spadina Avenue
Spadina Avenue
D’Arcy StreetD’Arcy Street
Baldwin StreetBaldwin Street
investment
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Strategically Located At The Confluence of Toronto’s Most Vibrant Neighbourhoods Including Chinatown, the Entertainment District,
and the Financial District.
With a Site Size of 0.765 Acres, ~210 Feet of Frontage on Dundas Street West, and ~155 Feet of Frontage on Beverley Street, the Site
Poses Numerous Efficient Redevelopment Scenarios.
Exceptional Market Fundamentals in Downtown West With 42% Population Growth Since 2010 and Escalating Residential and Retail Values.
Unparalleled Access to Local Amenities Including Hospitals, Universities, and Cultural Destinations Such As The Art Gallery of Ontario.
Immediate Access Across the Greater Toronto Area with Direct Proximity to Many Transit Options Including the 505 Dundas Streetcar, and St.
Patrick Station on the Yonge-University Subway line.
highlights
136 Beverley Street, Toronto
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This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assump-tions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE 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 CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.
*Sales Representative
Peter D. Senst*President Canadian Capital Markets 416 815 2355 [email protected]
Casey T. Gallagher* Executive Vice President 416 815 2398 [email protected]
Arlin Markowitz* Senior Vice President 416 815 2374 [email protected]
Contact us 145 King Street West, Suite 1100Toronto, Ontario M5H 1J8416 362 2244
BEVERLEY STREE T