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. 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