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BELLEVUE VILLAGE St. Albert, Alberta Reisa Schwartzman schwartzman@cape-construction.com DIRECT

604 232 8601

OFFICE

604 278 0912 604 278 4628

FAX

5960 NO. 6 RD SUITE 633 RICHMOND, BC V6V 1Z1

cape-construction.com


INVESTMENT OPPORTUNITY Bellevue Village offers a rare commercial investment opportunity in the rapidly developing neighbourhood of St. Albert just north of Edmonton. It is a mixed office/retail/residential development with more than ample surface parking and underground parking for residential units.

Desirable location, easy access via three major traffic routes Excellent highway visibility Named #1 Best Small City in Canada - MoneySense 2013 Named #1 Best Place to Raise a Family - Today’s Parent 2011 31% higher median after-tax income than Canadian average; 18% higher median after-tax income than Alberta average

$97,404 MEDIAN INDIVIDUAL AFTER-TAX INCOME

RESIDENTIAL HOUSING MIXED GROWTH

200,000 PRIMARY TRADE POPULATION

#1 BEST SMALL

CITY IN CANADA MONEYSENSE 2013

2.2 TRAVELLED BY

MILLION KM A YEAR

TRANSIT BUSES

TRAFFIC VOLUMES VEHICLES PER DAY


PRIME LOCATION Located just north of Edmonton, St. Albert is a 10-minute drive to west Edmonton and 20 minutes to Edmonton’s downtown core. St. Albert is located on Highway #2, Alberta’s main north-south backbone and is only 5 km from Trans Canada Yellowhead Highway (#16), which is Western Canada’s most efficient eastwest transportation route. Transit services run from St. Albert to downtown Edmonton, the University, colleges and West Edmonton Mall.

THRIVING COMMUNITY Homeownership rates are 12.7% higher in St. Albert than the Alberta average, with an increasing demand for rental-purpose residences. The average household is 2.93 persons1 with 22,515 households recorded in 20122. More than 67% of residents have completed post-secondary education; the median after-tax income of families in 2010 was $97,404 with 46.9% of those employed between the ages of 35-54. 1Statistics Canada, National Household Survey, 2011. 2 Statistics Canada, Municipal Census, 2012.


SITE FACTS ADDRESS: 151 Riel Drive, St. Albert LOCATION: The southeast corner of LeClair Way at Riel Drive and Ray Gibbon Drive. SITE AREA: 13.57 acres LeClair Way | Southeast Corner of Site (facing SE)

IMMEDIATE AREA

PARKING: Ample parking with extra parking on utility right of way ZONING: Commercial with rezoning for mixed used

Ray Gibbon Dr. will be the new ring road/Hwy 2 around St. Albert and is directly linked to the Edmonton ring road - The Anthony Henday. Ray Gibbon Drive

Le Clair Way hooks into 137th and Highway 2

Future road expansion

There will only be 4 interchanges on Ray Gibbon Dr. and LeClair Way is the first one off Anthony Henday The new intersection gives direct access from two Edmonton neighbourhoods Starling and Trumpeter

Ray Gibbon Dr. | Facing NW corner of Site from adj. area


BUILDING FEATURES Lifestyle Shopping Centre Ample additional parking Unique project in St. Albert

Concept Elevation

Desirable concept Central Plaza Model

Grocer Pharmacy Restaurants Retail Drive-Thru Banks Office space 128+ Residential Apartments


67% POST

34,870

SECONDARY EDUCATED

PEOPLE EMPLOYED

#1 BEST CITY TO RAISE A FAMILY TODAY’S PARENT 2011

GROWING NEIGHBOURHOODS With a rapidly increasing population, St. Albert is a community of developing neighbourhoods that will utilize Bellevue Village for everyday shopping needs. Neighbourhoods directly feeding the Bellevue Village include: • Grandin: a neighbourhood located in the southwest corner of St. Albert. • • • • •

Population: 7,291 Heritage Lakes: a neighbourhood in the south corner of St. Albert. Population: 3,950 Averton Homes: a neighbourhood directly east of the Bellevue Village site. Future population estimated: 7,000 Riverside : a neighbourhood directly north of the Bellevue Village site. Future population estimated: 8,000 Starling: a neighbourhood in northwest Edmonton. Future population estimated: 8,000 Trumpeter: a neighbourhood in northwest Edmonton, with an estimated future population over 9,000 residents. Industrial land along 137 and Riel South, with an estimated future population in staff of over 4000. Over 40% of the land is leased and construction has begun.

SERVING BY 2023, TRADE RESIDENTIAL POPULATION AREA OF WILL BE OVER

43,241 #1

HEALTHIEST CANADIAN COMMUNITY READERS DIGEST 2013

SITE

73,000 COLLIERS, 2012

76

99%

CITY + SCHOOL PLAYGROUNDS

RATE A GOOD QUALITY OF LIFE


PROSPERITY POSITIONING The Capital region is in the midst of the largest building boom it has seen this decade. The subject property is well located in the southwest area of St. Albert. This dynamic area is experiencing significant growth, including the development of the Riel Business Park by GWL to the south, Averton Homes to the immediate east starting construction of their high density residential community, Riverside lots selling and Trumpeter and Starling communities growing quickly, as well as the business park along 137th. Traffic counts continue to grow on Ray Gibbon Drive as it becomes the new ring road around St. Albert. Access to the site is excellent and will have a draw of over 43,000 local residents. St. Albert has a draw of over 200,000 to its shopping regions. St. Albert has a significant shortage of retail locations. There is an extreme downward trend in vacancy seen in the residential rental market and the impressively high level of demand. The growth rate in this area is exceeding their expectations of growth percentage. Overall the rental market is acting in unison with the greater economic trends in Alberta. As the Provincial economy gears up to enjoy its third full year of post-recession growth, strong net migration, low vacancy rates and rising rental rates, the market is expected to remain extremely competitive. The confluence of these factors is an impressive indication that Edmonton and St. Albert are still uniquely primed for new development. Despite the already substantial levels of new multi-family development, the market is far from saturated. As the population grows the demand for more retail continues. This project offers a “LIFESTYLE� shopping experience which will be a unique offering to the community and is the trend of all successful shopping malls throughout North America.


BUILDING RELATIONSHIPS As a family-led corporation for three generations, CAPE has been at the forefront of construction and development for more than 50 years. What began as a small operation in Brandon, Manitoba has grown into a company with projects renowned throughout numerous western Canadian communities. Founded by Ralph Schwartzman in 1956 as a general construction company, Ralph understood that attention to detail, a strong knowledge base and hard work would drive the success of the company he envisioned. CAPE is known within the construction industry as a group you can count on and trust. As the company began to grow, our dedication to customer service expanded our success into a wider range of developments including: commercial, industrial, sports complexes, retail, and health care facilities. CAPE, through its dedication to customer service has maintained its reputation for value, quality, and innovation. CAPE specializes in development of residential, commercial, industrial and retail properties; serving the private, and institutional investor, as well as those building to meet the needs of tenants large and small. Our dedication to excellence and innovation is apparent in everything we do.


Bellevue Village - St. Albert