MASSEYHARRISFERGUSENBLOCK URBAN WAREHOUSE DISTRICT

TRANSIT ORIENTED REDEVELOPMENT

OFFERING PRICE: $23,625,000 ($350 PSF)

EXECUTIVE SUMMARYCBRE Limited (“CBRE”) as an exclusive advisor to 104 Avenue (Edmonton) Development Corp. (the “Vendor”), is pleased to offer for sale the iconic Massey-Harris-Fergusen Block (“M.H.F.B”) historical redevelopment site. M.H.F.B., former home of the Healy Ford dealership is municipally located at 10609 - 104th Avenue & 10616 - 103rd Avenue NW, Edmonton, Alberta (the “Property”). Situated in the heart of the Central Warehouse District in downtown Edmonton, M.H.F.B offers an unprecedented opportunity to acquire up to 67,500 sq. ft. of development land. Property will be subdivided into three blocks and may be purchased separately or as one contiguous development.

Located on 106th Street stretching from 103rd Avenue to 104th Avenue, M.H.F.B., benefits from being situated at the front doors of MacEwan University and provides walkable proximity to all of Edmonton’s downtown core and ICE District. The M.H.F.B. is well serviced by public transportation, with future Alex Decoteau and NorQuest stations located immediately South and West as well as the existing MacEwan LRT Station to the Northeast.

2M.H.F.B.

M.H.F.B. encompasses up to a total of 9 lots providing a total of 67,500 sq. ft. of contiguous redevelopment opportunity in the heart of the Central Warehouse District.

M.H.F.B. is currently being subdivided into three approximate 22,500 sq. ft. separately titled parcels to allow developer flexibility. Sites may be purchased together or separately.

Buyers will have the opportunity to utilize in-place zoning or undertake to rezone parcels to suit their specific vision. The current zoning allows for a max FAR of 16x and up to 1,300 units, which provides strong precedence for significant density potential.

DEVELOPMENT OPPORTUNITY HIGHLIGHTS

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104 AVENUE

103 AVENUE

102 AVENUE

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TREE

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BLO

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PROPOSED SUBDIVIS ION

PROPERTY DETAILS

CHURCHILL

MACEWAN

BAY/ENTERPRISE

CENTRAL

FUTURE DECOTEAU STATION

JASPER AVE

JASPER AVE

102 AVE

102 AVE

104 AVE

103A AVE

104 ST

104 ST

103 ST

102 ST

101 ST

101 ST

102 ST

102 ST103 ST

104 ST

100 ST

100 ST

100 ST

JASPER AVE

103 AVE

102A AVE

97 ST

97 ST

105 ST106 ST

107 ST

105 ST106 ST107 ST

104 AVE

103 AVE

102 AVE

JASPER AVE

ROGERSPLACE

EDMONTONCITY CENTRE

COMMERCEPLACE

ART GALLERYOF ALBERTA

CITY HALL

CHURCHILLSQUARE

ROYAL ALBERTAMUSEUM

WINSPEARCENTRE

CITADELTHEATRE

ICE DISTRICT

ARTS DISTRICT

FINANCIALDISTRICT

CANADAPLACE

SHAW CONFERENCECENTRE

DON WHEATONFAMILY YMCA

UNIVERSITYOF ALBERTA

MACEWANUNIVERSITY

NORQUESTCOLLEGE

FUTURE PARK

PARK

SHOPPING CENTRES

SITE

FUTURE VALLEY LINE

METRO LINE

CAPITAL LINE

LRT LINES

THE OFFERINGThe offering will be available as a contiguous 67,500 sq. ft. development or as three distinct parcels of approximately 22,500 sq. ft. and may be purchased together or individually.

This unique development opportunity is being offered at a price of $23,625,000 or $350 psf.

Proposals will be dealt with on an as-received basis.

Legal Description B2; 6; 163-171

Municipal Address10616 - 103 Avenue10609 - 104 Avenue

Site Sizes

1: 22,500 sq. ft.2: 22,500 sq. ft.3: 22,500 sq. ft.

67,500 sq. ft. (1.55 acres)In-Place Income $192,000 Annual Parking Income

Current Zoning DC1

Max FAR 16x (1,205,552 sq. ft.)

Max Units 1,300

Max Height 135-150 Meters

4

Retail and service amenities are provided along Jasper Avenue and 104th Street, and the site is situated in close proximity to ICE District which offers the best entertainment and interactive experience in Western Canada. Full service amenities are provided by the Save-On-Foods anchored centre three blocks to the West along 109th Street. Located just two blocks East of the Property is Edmonton City Centre, downtown Edmonton’s premiere daytime shopping mall and comprehensive retail offering.

PROXIMITY TO AMENITIES & ENTERTAINMENT

M.H.F.B.

CORONA STATION

MACEWAN STATION

FUTURE BREWERY STATION

FUTURE THE YARDS STATION

FUTURE MACEWAN ARTS STATION

FUTURE NORQUEST STATION

FUTURE ALEX DECOTEAU STATION

109 STREET

109 STREET

111 AVENUEKINGSWAY

107 AVENUE

121 STREET

116 STREET

104 AVENUE

104 AVENUE

104

STRE

ET

105 STREE

T107 STREET

103 AVENUE

102 AVENUEJASPER AVEN

UE

111 STREET

103 AVENUE

LRT L

INE

LRT LINE

PARK

PARK

PARK

PARK

RETAIL

RETAIL

FUTURE LRT LINE

RETAIL

RETAIL

RETAIL

BREWERY DISTRICT

OLIVER SQUARE

KINGSWAYMALL

MACEWAN UNIVERSITY

MACEWAN UNIVERSITY

NORQUESTCOLLEGE

SCHOOL

SCHOOL

SCHOOL

SCHOOLSCHOOL

ROGERS PLACE

ICE DISTRICT

SITE

FUTUREPARK

GROWING RESIDENTIAL MARKET OUTLOOK AND RENTAL MARKET

Downtown Edmonton continues to benefit from ICE District and the undeniable draw this world-class development has. Once complete, ICE District will add over 6,000 new people to the core. Acting as a catalyst for residential development, there has been 1,700 multi-family units added to the core and absorbed in the last five years with a current central vacancy rate of only 5.09%, and a more impressive 2.37% in new product. Recent studies have shown that 71.5% of the population in central Edmonton are renters and that Edmonton is now witnessing a “flight to quality” indicating that the market depth for high quality well located rental projects will continue to grow.

The Central Edmonton new purpose built rental market continues to show strong signs of vibrancy in spite of the downward trend being observed in the ownership market. One of the primary reasons for the rental market success is due to 80.0% of the primary purpose built rental inventory in Central Edmonton being built before 1999, with 70.0% of apartments built between 1960-1979. Interest rate hikes accompanied by the mortgage rule changes have proven highly favorable for rental developers within central Edmonton as the majority of new purpose built rental buildings have now been stabilized.

M.H.F.B. offers excellent walking proximity to the 0.8 acre Alex Decouteau Park and the recently approved Central Park development located just one block South. When completed, the park will offer 3.09 acres of green developed activity space in the heart of the downtown core.

MASSEYHARRISFERGUSENBLOCK

CORONA STATION

MACEWAN STATION

FUTURE BREWERY STATION

FUTURE THE YARDS STATION

FUTURE MACEWAN ARTS STATION

FUTURE NORQUEST STATION

FUTURE ALEX DECOTEAU STATION

109 STREET

109 STREET

111 AVENUEKINGSWAY

107 AVENUE

121 STREET

116 STREET

104 AVENUE

104 AVENUE

104

STRE

ET

105 STREE

T107 STREET

103 AVENUE

102 AVENUE

JASPER AVENUE

111 STREET

103 AVENUE

LRT L

INE

LRT LINE

PARK

PARK

PARK

PARK

RETAIL

RETAIL

FUTURE LRT LINE

RETAIL

RETAIL

RETAIL

BREWERY DISTRICT

OLIVER SQUARE

KINGSWAYMALL

MACEWAN UNIVERSITY

MACEWAN UNIVERSITY

NORQUESTCOLLEGE

SCHOOL

SCHOOL

SCHOOL

SCHOOLSCHOOL

ROGERS PLACE

ICE DISTRICT

SITE

FUTUREPARK

6

OPPORTUNITY TO CREATE EXCITING STREET LEVEL PRESENCEEdmonton’s iconic Urban Warehouse District is home to an eclectic mixture of historic brick and beam properties that have been transformed into various uses complimented by new construction which aims to reflect the heritage of the neighbourhood while providing modern live and work options. MFHB offers the unique place making opportunity by transforming up to an entire city block, capitalizing on historic architecture while providing immediate LRT connectivity to create the ultimate urban hub.

TRANSIT ORIENTEDDEVELOPMENTOPPORTUNIT Y

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TOPS

Through public engagement, area residents chose the contemporary theme for the NorQuest and Alex Decoteau stops.

The LRT will head south to 102 Avenue along the west side of 107 Street, with a stop between 104 Avenue and 103 Avenue .

South of 103 Avenue, the lane next to the LRT will be exclusively for the use of emergency vehicles .

The LRT will then head east along the north side of 102 Avenue, with the final Valley Line West stop placed between 106 Street and 105 Street .

VLW

PRO

JECT

LIM

ITS

102 Avenue

103 Avenue

104 Avenue

103

Stre

et

104

Stre

et

105

Stre

et10

5 St

reet

106

Stre

et10

6 St

reet

107

Stre

et

108

Stre

et

Alex Decoteau Stop

NorQuest Stop

MacEwan University

DOWNTOWN

CENTRAL MCDOUGALL

Centre High

Rogers Place

Norquest College

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

N

SITE

M.H.F.B.

• Servicing Capacity Summary – Scheffer Andrews 2015

• DC1 Site Specific Zoning

• Sun Shadow Study

• Certified RPR

• Proposed Suite Size/Mix Summary

• Phase 1 Development Permit Application Package – WZMH Architects 2016

• Wind Comfort and Snowdrift Assessment – RWDI 2015

• Development Transportation Assessment – Bunt & Assoc. 2015

• Hazardous Building Materials Assessment – Golder Assoc. 2012

• Geo-technical Report – CT & Assoc. 2012

• Phase 1 ESA – Brooklyn Contracting Inc 2015

• Phase 1 ESA Update - Brooklyn Contracting Inc 2015

• Historic Resource Impact Assessment – Boreas Architecture & Civic Design 2015

• Character Defining Elements to Conserve and Restore - Boreas Architecture & Civic Design 2015

• City of Edmonton Historic Resource Management Program Highlight Sheet

• City of Edmonton Historic Resource Management Program Rehabilitation Incentives Report

• Diamond Parking Contract, Extensions and Amendments

• Luxury Line Auto Inc. Lease Agreement September 2018

• Colliers Appraisal 2019

REPORTS AND DOCUMENTS AVAILABLE

38

DO

WN

TOW

N S

TOPS

Through public engagement, area residents chose the contemporary theme for the NorQuest and Alex Decoteau stops.

The LRT will head south to 102 Avenue along the west side of 107 Street, with a stop between 104 Avenue and 103 Avenue .

South of 103 Avenue, the lane next to the LRT will be exclusively for the use of emergency vehicles .

The LRT will then head east along the north side of 102 Avenue, with the final Valley Line West stop placed between 106 Street and 105 Street .

VLW

PRO

JECT

LIM

ITS

102 Avenue

103 Avenue

104 Avenue

103

Stre

et

104

Stre

et

105

Stre

et10

5 St

reet

106

Stre

et10

6 St

reet

107

Stre

et

108

Stre

et

Alex Decoteau Stop

NorQuest Stop

MacEwan University

DOWNTOWN

CENTRAL MCDOUGALL

Centre High

Rogers Place

Norquest College

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

Trackway – At-Grade Pedestrian Crossing

Stop Platform Access Closure (PublicAlleys and Roadways only)

Pedestrian ActivatedCrossing

Existing/ProposedBike Connection

Concrete Walk/Shared Use Path

Traffic Signals

Trackway – Ramp

Trackway – Elevated

Traction Power Sub Station(Approximate Location)

Kiss & Ride

N

FUTURE LRT STOP:NORQUEST STATION

C O N T A C T U S

CBRE LIMITED, BROKERAGE 10180-101 Street NW, Suite 1995Edmonton, Alberta T5J 3S4

PAUL GEMMEL National Apartment Group - EdmontonSenior Vice President 780 917 4649paul.gemmel@cbre.com

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, 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.

M.H.F.B.

CODY NELSON Land & Development AdvisoryAssociate Vice President 780 229 4689cody.nelson@cbre.com

GRANT LARMOUR National Investment Team - EdmontonSenior Vice President 780 917 4642grant.larmour@cbre.com

THOMAS CHIBRI National Investment Team - EdmontonSales Associate 780 917 4639thomas.chibri@cbre.com