leased leased - Ashlar Urban Realty

URBAN RETAIL
PORTFOLIO
TABLE
OF CONTENTS
1. INTRODUCTION
2. NEIGHBOURHOODS
West Don Lands
Distillery District
3. PROPERTY LOCATION
Corktown District
Sync Lofts
Edge Lofts
Trinity Lofts
952 Kingston
LISTING TEAM
JEFF THOMAS
Managing Partner & Broker
T 416 205 9222 ext 221
[email protected]
GRAHAM SMITH
Sales Representative
T 416 205 9222 ext 225
[email protected]
CHELSEA CONWAY
Sales Representative
T 416 205 9222 ext 227
[email protected]
BRANDON GORMAN
Sales Representative
T 416 205 9222 ext 239
[email protected]
ASHLAR URBAN REALTY
REAL ESTATE BROKERAGE
166 Pearl Street
Suite 300
Toronto, ON M5H 1L3
T 416 205 9222
F 416 205 9228
www.ashlarurban.com
INTRODUCTION
Prime retail space is now available in Toronto’s fasting growing neighbourhood, perfect for high-end retailers catering to the urban experience for the massive influx of residents moving to the area and the flow of traffic entering the city. A collection of intimate boutique buildings in key locations provide high visibility on King Street and Queen
Street for pedestrians, streetcar lines and car traffic moving over 50,000 people a day through to the downtown core.
Over the next few years the West Don Lands Development will be ramping up to also cater for the 2015 Pan-Am Games and increase flow of tourists to the area. As a result the
neighbouring infrastructure will be ramped up for the growth in density. Excellent retail opportunity is available for a limited time.
This area of the city has seen significant growth in recent years with the conversion of warehouses into lofts and live-work spaces and new condominium development,
turning Toronto’s Lower Eastside into a thriving neighbourhood. Stroll down to the historic St. Lawrence Market to pick up the freshest produce, meats, fish and gourmet
foods the city has to offer. Browse the Design District along King Street East to find the latest designer furniture and home accessories for your new loft. Then check
out some of the city’s hottest new restaurants, cafés, and bars popping up along King and Queen Street East.
WEST DON LANDS
SALIENT FACTS
• Amidst 6,000 new residential units presently under construction
• 900 Residential Units aimed for late 2013 completion on adjacent site
• Site of 2015 PAN-AM Games
OVERVIEW
The West Don Lands development, presently under construction, will be Toronto’s next vibrant mixed-use neighborhood offering people focused, family friendly, and
environmentally sustainable community with unparallel design for living.
The lands which were once industrial in nature are being transformed into a sustainable, mixed-use, pedestrian-friendly, riverside community between Toronto’s downtown
East and Leslieville areas. All surrounding communities are experiencing growth at unprecedented levels driving a large scale of residents and new businesses to the area.
The 80 acre district is going to boast 6,000 new residential units, a large commercial component for businesses and retail, at minimum one elementary school, and two
child-care centers. In addition, almost 23 acres of parks and public spaces will be created to help shape the neighborhood.
The River City development is presently under construction with 900 residential units and scheduled for a late 2013 completion for the first of its two towers with the second to
be completed in early 2014.
2 EASTERN AVE.
549 KING ST. E.
569 KING ST. E.
510 KING ST. E.
THE DISTILLERY DISTRICT
The Distillery District is a hotbed of activity reinvented as Toronto’s premier arts, culture and entertainment destination, featuring a staggering array of galleries, artist studios,
theatres, shops, restaurants, and music and dance venues. Immerse yourself in the romantic atmosphere of beautifully restored Victorian architecture and cobblestone streets
and laneways in this entirely pedestrian village. On any given day, the European-inspired spaces are abuzz with activity as there are an endless number of festivals and events
happening all year round, such as the Distillery Farmer’s Market, Wine & Spirits Festival, Jazz and Blues Festivals, Luminato and Nuit Blanche. The recent completion of new
condominiums and lofts in the Distillery District has brought more residents and a more established neighbourhood feel to the area.
TORONTO’S LOWER EASTSIDE
630 QUEEN ST. E.
510 KING ST. E.
625 QUEEN ST. E.
569 KING ST. E.
549 KING ST. E.
2 EASTERN AVE.
510 KING STREET EAST
CORKTOWN DISTRICT
• RETAIL AREA (Approx.) • OCCUPANCY: • NET RENTAL RATES:
• TMI (2013 est.): D
E
S
A
E
L
A
E
L
Immediatley
Negotiable
$9.74 PSF
549 KING STREET EAST
CORKTOWN DISTRICT
• RETAIL AREA (Approx.) • OCCUPANCY: • NET RENTAL RATES:
• TMI (2011 est.): LEASED
Immediate
Negotiable
$11.87 PSF
569 KING STREET EAST
CORKTOWN DISTRICT
• RETAIL AREA (Approx.) • OCCUPANCY: • NET RENTAL RATES:
• TMI (2013 est.): D
E
S
Unit 4: 5,259 SF
Unit A1: 1,576 SF
Unit 2: LEASED
Immediate
Negotiable
$9.35 PSF
625 QUEEN STREET EAST
EDGE LOFTS
• RETAIL AREA Unit 1: LEASED
Unit 2: LEASED
• OCCUPANCY: Immediate
• NET RENTAL RATES:
Negotiable
• TMI (2013 est.): $14.27 PSF
630 QUEEN STREET EAST
SYNC LOFTS
• RETAIL AREA (Approx.) Unit 1: 8,530 SF
• OCCUPANCY: • NET RENTAL RATES:
• TMI (2013 est.): Immediate
Negotiable
$9.45 PSF
2 EASTERN AVENUE
TRINITY LOFTS
• RETAIL AREA (Approx.) • OCCUPANCY: • NET RENTAL RATES:
• TMI (2013 est.): Unit A: 4,015 SF
Mezzanine: 1,602 SF
Immediately
Negotiable
$8.72 PSF
510 KING STREET EAST
CORKTOWN DISTRICT
LEASED
OCCUPANCY:
Immediately
RETAIL AREA E:
1,186 SF
RETAIL AREA G:
1,091 SF
RETAIL AREA H:
1,747 SF
NET RENTAL RATES: Negotiable
TMI (est. 2013):
$9.74 PSF
CEILING HEIGHT:
Approx. 20 ft
LEASED
LEASED
COMMENTS:
•
Premium retail opportunity located in the heart of the West Don
Lands Development
•
Great exposure and frontage along King Street East
•
Double height 20 ft ceilings with floor to ceiling glass
•
Brand new construction
•
Easy access to the DVP and Gardiner Expressway
•
Good shipping and receiving access
549 KING STREET EAST
CORKTOWN DISTRICT
D
E
S
A
E
L
OCCUPANCY:
Immediate
RETAIL AREA (approx.): Unit 2:
Unit 3:
NET RENTAL RATES: Negotiable
TMI (est. 2012):
Call Agent(s)
CEILING HEIGHT:
Approx. 12 ft
2,671 SF LEASED
2,765 SF LEASED
COMMENTS:
• Property is adjacent to the new West Don Lands Development and PAN-AM Games.
• Amidst 6,000 new residential units under construction and 20,000+ units by 2015.
• King Street East streetcar route transports an average of 47,300 weekday riders.
• King Street East averages 34,000 cars passing daily.
• Excellent access to the Don Valley Parkway and Gardiner Expressway.
• 10 minute TTC ride to the financial core.
• Brand new construction
569 KING STREET EAST
CORKTOWN DISTRICT
D
SE
A
E
L
Storage
UNIT
A1
ED
S
A
E
L
D
SE
A
E
L
D
SE
A
E
L
COMMENTS:
•
Brand new retail construction on King Street East featuring 14ft ceilings
•
Great exposure and branding opportunity on King East
•
Property is adjacent to the new West Don Lands Development and PAN-AM Games.
•
Excellent access to the Don Valley Parkway and Gardiner Expressway.
•
0 minute TTC ride to the financial core.
OCCUPANCY:
Immediate
RETAIL AREA (approx.):
UNIT A1:
UNIT A2:
UNIT B1:
UNIT B2:
NET RENTAL RATES: Negotiable
TMI (est. 2013):
$9.35 PSF
CEILING HEIGHT:
Approx. 14 ft
1,576 SF
883 SF
793 SF
979 SF
LEASED
LEASED
LEASED
625 QUEEN STREET EAST
EDGE LOFTS
‘AS BUILT’ FLOOR PLANS
RETAIL UNIT
334 SF MEZZANINE
B
B
RETAIL UNIT
2,535 SF
D
E
S
EA
SED
LEA
L
A
A
PATIO
2,620
GROUND
Queen Street East
SUITE B MEZZANINE
2,620 SF
334 SF
NET RENTAL RATES: TMI (est. 2013):
LEASED
LEASED
Queen Street East
UNIT A Ground
Patio
Negotiable
NET RENTAL RATES: Negotiable
$14.27 PSF
TMI (est. 2013):
$14.27 PSF
COMMENTS:
• Ready for fixturing
• Two built out washrooms
• Additional mezzanine level
• Great signage exposure
• Brand new construction
2,535 SF
728 SF
LEASED
LEASED
COMMENTS:
• Prime corner location with private patio directly off the suite
• Ideal for restaurant use
• Great signage potential and branding opportunity
• Incredible ceiling heights & frontage on Queen East
• Easy access to DVP and Gardiner Expressway
630 QUEEN STREET EAST
SYNC LOFTS
OCCUPANCY:
Immediate
RETAIL AREA (approx.): TOTAL: 8,530 SF
NET RENTAL RATES: Negotiable
TMI (est. 2013):
$9.45 PSF
CEILING HEIGHT:
Approx. 10-20ft
COMMENTS:
• New retail space located on Queen Street East
• Great corner exposure with strong signage potential
• High ceilings
• Easy access to DVP and Gardiner Expressway
• Brand new construction
2 EASTERN AVENUE
TRINITY LOFTS
OCCUPANCY:
Immediately
RETAIL AREA (approx.): MAIN LEVEL: 4,015 SF
MEZZANINE: 1,602 SF
TOTAL: 5,617 SF
NET RENTAL RATES: Negotiable
TMI (2013):
$8.72 PSF
CEILING HEIGHT:
Approx. 20 ft at grade
Approx. 8 ft at mezz
COMMENTS:
• Great corner exposure with incredible frontage
• High ceilings with mezzanine level
• Ovewrlooks the historic distillery district
• Brand new construction
• Located at the entrance to PAN-AM games off of Parliamnet
DUNDEE is a diversified real estate company with an outstanding track record in the
real estate and investment community. Established in 1996, DUNDEE has become
one of Canada’s leading private real estate companies active in land, housing and
condominium development, residential and commercial property ownership, real
estate lending and advisory services.
DUNDEE is focused on developing high quality residences in urban centres across
Canada, and in select locations in the U.S. In Toronto, projects include Camden Lofts,
Pantages Tower, Opus Tower and Pure Spirit in Toronto’s Historic Distillery District.
Since 2002, we have remained Toronto’s leading mid-rise urban real estate developer,
having carved a niche by Rethinking. Urban Living. We specialize in designing boutique buildings that live in harmony with existing neighbourhoods and seamlessly
enhance their surrounding communities. Our buyers are looking to be more than just
a number — they recognize we offer high quality finishes, modern designs
and a connection to the surrounding neighbourhood. Every Streetcar building adds to
the community and many also give back with popular street-level stores that become
neighbourhood fixtures, adding vibrancy to the community and bringing life and
lifestyle to our buildings. With developments spanning the downtown core from the
exclusive Beach to hip Queen West, we’ve played a key role in transforming many of
Toronto’s up-and-coming neighbourhoods.