817 - Toronto Urban Retail Team

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CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100| Toronto, ON M5H 1J8 | 416 362 2244 | www.cbre.ca PREMIUM URBAN RETAIL | YONGE & BLOOR FOR SALE 817 YONGE STREET

Transcript of 817 - Toronto Urban Retail Team

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CBRE Limited, Real Estate Brokerage | 145 King Street West | Suite 1100| Toronto, ON M5H 1J8 | 416 362 2244 | www.cbre.ca

PREMIUM URBAN RETAIL | YONGE & BLOORFOR SALE

817yonge street

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THE OFFERINGCBRE Limited (“CBRE”) on behalf of 817 Yonge Street Inc. is pleased to offer for sale 817 Yonge Street, Toronto (the “Property”). The Property is comprised of 9,067 sq.ft. of leasable retail space, with over 70 feet of frontage on Yonge Street. 817 Yonge Street is strategically located on Yonge, just north of Yorkville Avenue in the prestigious Bloor-Yorkville neighbourhood.

The Property has corner exposure and is steps from the luxury shops, restaurants and amenities of Bloor-Yorkville. Bloor-Yorkville is Canada’s premier luxury retail corridor and a rapidly intensifying node. 817 Yonge Street is poised to benefit from the node’s transformative growth, with numerous high profile developments both completed and under construction surrounding the Property. There are more than 8,000 units in various stages of the development process, complemented by more than 7.4 million sq. ft. of office space.

BLOOR STREET WEST

YONGE STREET

YORKVILLE AVENUEBAY STREET

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TENANT 2

TENANT 3

TOTAL AREA

29.3M [96'-2"] TENANT 1

COMMONAREA

STORAGE

ArchitectsPoint.

ww

w.pointarchitects.ca

mail@

pointarchitects.caFax: (416) 440-1404Tel.: (416) 440-0058

M4S

2M3

Toronto, Ontario

Suite 200

522 Mt. P

leasant Road

YON

GE STR

EET

UNIT 11,996 SF

UNIT 22,440 SF

UNIT 32,183 SF

Mezzanine1,637 SF

66'-7"

84'-7

"

50'-10"

26'-5"

6'-11"

10'-7

"

6'-11"

9'-9

"

20'-9"

64'-1

1"

18'-4

"

21'-1"7'-10"

12'-6

"

8'-0"

12'-6

"

15'-6"

12'-6

"

11'-7"

12'-6

"

31'-10" 4'-0

"

13'-9

"

9'-6"

25'-4"

18'-11"

23'-9

"

21'-11 34 "

8'-2"

7'-29 16

"

13'-5

"

11'-21516"

16'-2

1516

"

11'-4

"

6'-11"

14'-4

"

4'-11"

8'-1

1"

11'-5"

9'-1"

11'-1

1"

PROJECT: DRAWN BY: CHECKED BY:

DATE SITE DATE DRAWN:

PROJECT #: SCALE: NTS

FLOOR: 1 & Mezzanine UNIT #: na

AREA:

MEASURED:

COMPANY:

817 Yonge St., Toronto KW KO

August 20 2017 August 28, 2017

ANSI/BOMA Z65.5-2010,RETAIL BUILDINGS STANDARD OF MEASUREMENT

Main Floor GLA: 7,430 SFMezzanine GLA: 1,637 SF

Ground Floor7,430 SF

Storage811 SF

Sizes are approximate, Buyer to verify

Ground Floor: 7,430 sq.ft. (potentially divisible into 3 units)

Mezzanine: 1,637 sq.ft.Total Size: 9,067 sq.ft.

Frontage: 70 feet (approx)

THE PROPERTY

Price: $9,000,000

Potential Demising Options:

FLOOR PLANS

66'-7"

84'-7

"

50'-10"

26'-5"

6'-11"

10'-7

"

6'-11"

9'-9

"

20'-9"

64'-1

1"

18'-4

"

21'-1"7'-10"

12'-6

"

8'-0"

12'-6

"

15'-6"

12'-6

"

11'-7"

12'-6

"

31'-10" 4'-0

"

13'-9

"

9'-6"

25'-4"

18'-11"

23'-9

"

21'-11 34 "

8'-2"

7'-29 16

"

13'-5

"

11'-21516"

16'-2

1516

"

11'-4

"

6'-11"

14'-4

"

4'-11"

8'-1

1"

11'-5"

9'-1"

11'-1

1"

PROJECT: DRAWN BY: CHECKED BY:

DATE SITE DATE DRAWN:

PROJECT #: SCALE: NTS

FLOOR: 1 & Mezzanine UNIT #: na

AREA:

MEASURED:

COMPANY:

817 Yonge St., Toronto KW KO

August 20 2017 August 28, 2017

ANSI/BOMA Z65.5-2010,RETAIL BUILDINGS STANDARD OF MEASUREMENT

Main Floor GLA: 7,430 SFMezzanine GLA: 1,637 SF

Ground Floor7,430 SF

Mezzanine1,637 SF

Yonge Street

Existing f loor plans and the condition of the premises on closing

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Toronto’s Most Exclusive Residential MarketThe Bloor-Yorkville node has experienced un-paralleled residential intensification, with over 14 active projects in various stages of development and featuring some of the most contemporary architecture in Toronto. With an average sale price of over $1,709 per sq. ft., these new residential projects will reinforce the node’s retail appeal with a significantly intensified immediate trade area. There is a burgeoning condominium inventory of more than 8,000 units in various stages of the development process, complemented by more than 7.4 million sq. ft. of office space.

THE ONE RENDERING

Transformative Mixed-Use Developments Further Strengthening Node

Intensification of the node with high-end residential and retail uses in the immediate vicinity of 817 Yonge continues to enhance the Property’s long-term profile and positioning. Most notably, the $100 million redevelopment of Manulife Centre will include Canada’s first Eataly location (50,000 sq. ft.) and an additional 35,000 sq. ft. of innovative and upscale retail concepts. Additional high-profile tenants including Apple and Nordstrom Rack at the corner of Bloor Street West and Yonge Street will continue to further establish the area as Canada’s preeminent luxury retail and tourist destination.

MANULIFE CENTRE

MANULIFE CENTRE

DEVELOPMENT OVERVIEW

1 BLOOR ST EAST

1 YORKVILLE RENDERING

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ACTIVE CONDO DEVELOPMENTS# Address Units

1 42 Charles Street E 470

2 50 Charles Street E 6183 825 Church Street 2854 94 Cumberland St 201

5 1 Yorkville Avenue 570

6 1 Bloor Street E 788

7 1027 Yonge Street 15

TOTAL UNITS: 2,947

PROPOSED CONDO DEVELOPMENTS# Address Units

1 50 Bloor Street W 600

2 80 Bloor Street W 5653 1 Bloor Street W 415

4 48 Scollard Street 112

5 100 Davenport Rd 53

6 771 Yonge Street 257

7 + an additional 9 proposed projectsTOTAL UNITS: 5,156

1 Bloor St West

50 Bloor St West

100 Davenport Rd

1027 Yonge Street

7

3

5

1

2 3

4

5

6

64

12

~8,103 New Condo Units in the Immediate

Area

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817 Yonge Street

BLOOR STREET

BAY STREET

49,019 peoplelive within 1 km of 817 Yonge Street

11 % increasein population between 2018-2023,

bringing the population up to 54,416*

$158,905average household income, and expected to

increase to $188,548 by 2023*

*1 km radius (2018)

BLU

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SUBJECT PROPERTY

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DEMOGRAPHICSToronto’s Bloor-Yorkville area exhibits among the best figures in terms of economic prosperity and growth in the GTA. The 1 kilometer radius surrounding the Property supports a total population of 49,019 as of 2018. This is projected to increase 11% in 5 years vastly outpacing the average for the City of Toronto at 5.1%. There is also a trend towards increasing affluence, as strong demand for dwellings continues to drive exceptional growth in condominium values to an average of more than $1,709 per sq.ft. The 2018 average household income of $158,905 is well above Toronto’s average of $107,541.

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Arlin Markowitz*Senior Vice President 416 815 2374 [email protected]

Alex Edmison*Vice President 416 874 7266 [email protected]

Jackson Turner**Senior Sales Associate 416 815 2394 [email protected]

Teddy TaggartSales Representative 416 847 3254 [email protected]

*Sales Representative, **Broker

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.

Offers will be reviewed on an as received basis