Yorkville Park

Transcription

Yorkville Park
Luxury Retail For Sale
Corner of Bellair & Cumberland | Toronto, ON
Arlin Markowitz*
Senior Vice President
416 815 2374
[email protected]
CBRE Limited, Real Estate Brokerage
Alex Edmison*
Vice President
416 874 7266
[email protected]
*Sales Representative
The Opportunity
Brand New, Best-In-Class Construction Boasting Highly Modern Retail Design
A rare opportunity to purchase the ground floor retail at the base of the new best-inclass Minto Yorkville Park Condominium located seconds from Bloor Street West in the
heart of Canada’s best shopping node: Bloor-Yorkville.
The street-front retail units at Minto Yorkville Park have been designed to suitably
compliment the development, giving consideration to the design needs of today’s
retail tenant market. Upon completion, this project will be highly visible along Yorkville
Avenue, Bellair Street and from Bloor Street West with it’s stone and glass, double
height façade.
Building Details
Located on the north east corner of Bellair Street and Cumberland Street
Size:
Ceiling heights:
Frontage on Cumberland:
Frontage on Bellair:
Possession/Closing:
5,082 sq.ft.
18 feet
73 feet
85 Feet
Q1 2019 (est.)
Income Projection
The property has the potential to lease for net rent in the $200.00 per sq.ft. range,
and as such we anticipate a stabilized year one NOI in excess of $1,000,000.00.
Demand is high for space of this size and layout as it is extremely rare.
The limited supply of new right-sized main floor only units will drive the leasing of
this asset.
The shops will benefit from phenomenal frontage, ceiling heights and corner
exposure.
OPTION 1 | TWO RETAIL SPACES
OPTION 2 | THREE RETAIL SPACES
Retail 1: 2,394 sq.ft.
Retail 1: 1,468 sq.ft. Retail 2: 1,754 sq.ft. Retail 3: 1,860 sq.ft.
Retail 2: 2,688 sq.ft.
1,860 sq.ft.
2,688 sq.ft.
1,754 sq.ft.
2,394sq.ft.
1,468 sq.ft.
OPTION 3 | SINGLE STORE FORMAT
Retail: 5,082 sq.ft.
5,082 sq.ft.
Bloor-Yorkville’s central location in the city makes it one of
the easiest places to reach by both car and transit. Toronto’s
subway system provides easy access to the neighbourhood,
with an average of 465,000 people embarking / disembarking
daily from a total of 6 stations in the surrounding area. The
immediate area consists of residential condominiums, high
density detached and semi-detached residential homes, and
other commercial properties including the Marriott, Park
Hyatt and the new Four Seasons Hotel.
E AVE
L
L
I
V
K
R
YO
It is estimated that the general area encompassing BloorYorkville generated over $1.8 billion in retail sales from just
over 600 outlets. Retail sales performance along the Bloor
Street corridor between Yonge Street and Avenue Road often
exceeds $2,000 PSF.
CUMBERLAND ST
Bloor-Yorkville is comprised of designer boutiques, high-end
restaurants and luxury hotels. The neighbourhoods high-end
residential growth over the past decade has made the area a
vibrant place for the upwardly mobile to live, work and play.
International luxury fashion labels including Prada, Gucci,
Escada, Chanel, Hermès, Louis Vuitton, Cartier, Tiffany &
Co., Holt Renfrew and many more can be found along Bloor
Street West. Aspirational luxury brands such as Zara, Aritzia,
J.Crew and H&M also call Bloor-Yorkville home.
BLOO
R STR
EET W
Bloor-Yorkville
CLUB MONACO
UGG
AUSTRALIA
DAVID’S
TD
BANK
FUTURE
HOLT RENFREW
EXPANSION
THE
GAP
HOLT RENFREW
INDIGO
BOOKS
FUTURE HIGH
END GROCERY/
RESTAURANT
MANULIFE CENTRE
H&M
MARVEL HAIR
MELAITALIAN
SEVEN HAIR SALON
SWAROVSKI
THE UPTOWN
RESIDENCES
PIZZA
PIZZA
GRAND
JEWELRY
EAT A
PITA
XTREME
TASTE
THOMAS HINDS
TOBACCONIST
FORTUNA RISTORANTE
ROGERS
APHRODITE’S CLEANERS
SHOPPE D’OR
ROMAN EMPIRE HAIR
DENTISTRY ON
YORKVILLE
THE PILOT
TAZ HAIR SALON
BLU
VITKO
CHIROPRACTIC
RAWLICIOUS
DF SALON
TASCHEN!
1 YORKVILLE
DEVELOPEMENT SITE
THE KITCHEN PLACE
LA MEXICANA
INTERNET CAFE
VOLUME LOUNGE
PIZZAIOLO
LE CHEN ASIAN BISTRO
BIG SMOKE BURGER
QUIZNO’S
CUMBERLAND TERRACE
DEVELOPMENT SITE
CIBC
1 BLOOR WEST
DEVELOPMENT
SITE
BALZAC’S
COFFEE
BB BUGGY
CREPES A
GOGO
FOUR SEASONS
HOTEL & RESIDENCES
YONGE STREET
STARBUCKS
TALBOTS
DEVELOPMENT SITE
ATELIER LEONDIAS
PARAMOUNT FOODS
BCBG
RESTAURANT
SCOTIABANK
SANDWICH
BOX
FOSSIL
FRESHII
P
ARITZIA
HMV
PUBLIC PARKING
1036 SPACES
MIDEASTRO
THE
REGENCY
YORKVILLE
ZARA
PUSATERI’S
SKIN
CARE
CLINIC
WILLIAM
ASHLEY
FLIGHT
CENTRE
BAY STREET
SPECCHIO
RESTAURANT
ANTHROPOLOGIE
SUNGLASS HUT
LOLE
LETROU
NORMAND
DIESEL
PUBLIC PARKING
172 SPACES
BIRK’S
CAPEZIO
MINTO
YORKVILLE
PARK
STAVROS
CUSTOM
TAILORS
ZAZA
DYNASTY
ESPRESSO BAR
FUTURE
COSMETICS
JOHN
FERRIGAMO
CAFFÈ
BACIO
CUSTOM DESIGNS
VATICANO
ROOTS
STARBUCKS
BANANA REPUBLIC
PINK TARTAN
CAFE
NERVOSA
HUGO BOSS
RESTAURANT
HARRY ROSEN
SASSAFRAZ
COS
THE CASHMERE SHOP
ROOTS KIDS
BELLAIR STREET
GALLERY
DANIEL
SALON
FREE
PEOPLE
MOROCO
CHOCOLAT
UNCLE OTIS
MAC
FUTURE LUXURY
HOLT
RENFREW
MEN
TOWN SHOES
THE PAPERY
CAROL’S CHEESECAKE
TEATRO VERDE
P
VICTORINOX
COLE HAAN
WILLIAMS- SONOMA
CATALYST
HEALTH
GEORGE C.
ROLEX
WOLFORD
PURE + SIMPLE SPA
OVER THE
RAINBOW
JEANS
POTTERY BARN
TONI & GUY
HAIR SALON
130 CUMBERLAND
KITON
RETAIL
DEVELOPMENT
SITE
DOLCE & GABANA
KIT & ACE
CAFE HAVANA
KASA MOTO
RESTAURANT
HAZELTON AVENUE
SUIT SUPPLY
CHANEL
COACH
KATE
SPADE
FIORIO SALON
TANYA HEATH
PARIS SHOES
L’OCCITANE
BROOKS BROTHERS
J.CREW
PRARIE GIRL CUPCAKES
PRADA
MULBERRY
GUERLAIN
BROWN SHOES
VILLAGE OF
YORKVILLE
PARK
MICHAEL KORS
CARTIER
RESTAURANT
AMBER
OLD YORK LANE
DIMMI
RESTAURANT
RESTAURANT
OXLEY
RESTAURANT
ONE
RESTAURANT
MENSWEAR
NICOLAS
HEMINGWAY’S
GELATO
BAR
THE HAZELTON
HOTEL
CALVIN KLEIN
GUCCI
AVEDA
JAMES
PERSE
THE BLACK
GOAT
HERMES
P
ESCADA
PUBLIC PARKING
300 SPACES
CIAO
WINE BAR
L’AGENT
PROVOCATEUR
IL POSTO
RESTAURANT
JEWELERS
LULULEMON
FLOR
LOUIS
BLACK
INTERMIX
BURBERRY
150 BLOOR
TASCHEN!
YORKVILLE
VILLAGE
MALL
SEPHORA
CHURCH OF
THE REDEEMER
OFFICE
DEVELOPMENT
SITE
MAX MARA
HSBC
BANK
NESPRESSO
CAFE
21 AVENUE ROAD
DEVELOPMENT
SITE
TIFFANY & Co.
EMPIRE
DEVELOPMENT
SITE
MONT BLANC
EQUINOX
FITNESS
STUART WEITZMAN
RESTAURANT
DOLCE
DECOR
CORBO
STUDIOS
STK
LOUIS VUITTON
WHOLE
FOODS
THE NORTHFACE
STARBUCKS
AVENUE ROAD
Bloor-Yorkville
SCOLLARD STREET
ARCHIVES
BUCA
JEWERLY RESTAURANT
SHOPPERS DRUG MART
18 YORKVILLE
MAMMA’S PIZZA
TOPCUTS
YORKVILLE AVENUE
TORONTO REFERENCE
LIBRARY
CUMBERLAND STREET
TIM
HORTONS
STARBUCKS
JACK
ASTORS
THE HUDSON
BAY
COMPANY
ROYAL
BANK
BLOOR STREET WEST
1 BLOOR EAST
DEVELOPMENT SITE
PIZZAIOLO
33
BLOOR
EAST
AVENUE ROAD
CLUB MONACO
COS
FUTURE
HIGH END
GROCERY/
RESTAURANT
H&M
SCOTIABANK
BALMUTO STREET
TALBOTS
FOSSIL
ARITZIA
HMV
BCBG
ZARA
HOLT RENFREW
WILLIAM ASHLEY
DAVIDS
THE GAP
MANULIFE
CENTRE
BLOOR STREET WEST
BIRKS
BAY STREET
ROOTS
CAPEZIO
SWAROVSKI
CIBC
BLOOR STREET WEST
ONE BLOOR WEST
DEVELOPMENT
YONGE STREET
STARBUCKS
MINTO
YORKVILLE
PARK
TD BANK
BANANA REPUBLIC
HARRY
ROSEN
FUTURE SEPHORA
RESTAURANT
SASSAFRAZ
HUGO BOSS
BELLAIR STREET
HOLT
RENFEW
MEN
MAC
ROOTS KIDS
FUTURE LUXUURY
TOWN SHOES
VICTORINOX
WILLIAMS-SONOMA
POTTERY BARN
KIT & ACE
L’OOCCITANCE EN
PROVENCE
J CREW
BROOKS BROTHERS
GUERLAIN
BROWNS
CALVIN KLEIN
GUCCI
HERMES
INTERMIX
BURBERRY
TIFFANY & CO.
STARBUCKS
S T. T H O M A S S T R E E T
COLE HAAN
ROLEX
DOLCE & GABBANA
PRADA
MULBERRY
COACH
CHANEL
MICHAEL KORS
CARTIER
THE BLACK
GOAT
L’AGENT
PROVOCATEUR
ESCADA
SEPHORA
MAX MARA
STUART WEITZMAN
LOUIS
VUITTON
MONTBLANC
THE NORTH FACE
Bloor Street West
CAFFÈ
BACIO
CUMBERLAND
TERRACE
6.0 million
AV
E
POPULATION IN THE
GREATER TORONTO AREA
POPULATION IN THE
TORONTO RANKED
“BEST PLACE TO LIVE”
FOURTH LARGEST
CITY IN NORTH AMERICA
(MEXICO CITY, NYC, LA)
EET
BY THE ECONOMIST (2015)
T
EE
TR
YS
BA
CITY OF TORONTO
STR
YONGE
2.85 million
NU
ER
OA
D
Offering Process
Offers will be accepted on behalf of the Vendor
on, or after October 28th, 2015.
For more information, please contact:
Arlin Markowitz*
Senior Vice President
416 815 2374
[email protected]
Alex Edmison*
Vice President
416 874 7266
[email protected]
CBRE Limited
145 King Street West, Suite 600
Toronto, Ontario M5H 1J8
www.cbre.ca
*Sales Representative
This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions 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.