9999-146 Avenue SE 160 acres RESIDENTIAL development land - CALGARY, ALBERTA - LoopNet
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160 acres RESIDENTIAL development land
9999-146 Avenue SE
C A L G A R Y, A L B E R T A
SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
THE OPPORTUNITY
Jones Lang LaSalle Real Estate Services, Inc. (“JLL”), through its Calgary office, is pleased to announce that it has listed for
sale approximately 160 acres of residential development land, located in southeast Calgary.
Located within the planned community of Hotchkiss, the subject property, as set forth in the South Shepard Area Structure
Plan (the “ASP”), is to be developed into a future residential subdivision consistent in form and density with many of its
currently built-out neighbours (e.g. Mahogany, Auburn Bay, and Copperfield).
As one of Calgary’s dominant growth corridors, the southeast sector is largely built-out, with the remaining development
capacity largely in the control of only a handful of developers. Adjacent to the Property two of Calgary’s premier developers
(e.g. Hopewell Residential and Melcor Developments Ltd.) have already received development approval from The City of
Calgary. Site servicing is expected to commence in the spring of 2020.
A JLL Box Account has been set up to provide additional property and planning details.
INVESTMENT HIGHLIGHTS
• The ASP is in place and it secures the Property’s future as a residential development parcel;
• The Growth Management Overlay has been lifted by The City to allow development of the adjacent lands by both Hopewell
and Melcor, with Hopewell front-ending the majority of the infrastructure for the area;
• The southeast sector is forecasted by The City of Calgary to secure 28% of residential demand (2018-2022);
• With the majority of lands in the southeast already controlled by some of Calgary’s premiere developers, there are almost
no other options available to acquire land for large scale residential development.
• The land has been in continual agricultural use, has not had any industrial use since initial registration, and there are no
known environmental liabilities.
PROPERTY SUMMAR Y
PROPERTY SITE LEGAL Land-Use COMMUNITY TOPOGRAPHY
ADDRESS AREA Description Designation
9999 - 146 Ave SE 159.41 Acres 4;29;22;36;NE S-FUD Hotchkiss Generally Flat
2
9999 - 146 AVENUE SE, CALGARY, ALBERTA
LIST PRICE: $34,500,000
3
SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
LOCATION HIGHLIGHTS
The Property is located just to the east of Stoney Trail SE and north of Highway 22X. Being so close to the regional transportation
network makes this Property well situated to access downtown, the airport and key regional facilities like the South Calgary
Hospital, the Recreation Centre (Brookfield Residential YMCA at Seton) and the public library. In addition, the southeast
sector is supported by many of Canada’s premiere grocers and retailers.
9999-146 Ave SE 25 MINS to 9 MINS to 29 MINS to Calgary
Calgary, Alberta Downtown Calgary South Trail Crossing International Airport
Wide variety of retail 13 MINS to Rapid transit access to Easy access to Stoney
in close proximately Seton Seton and Auburn Bay Trail & Alberta 22X
4
2
AND
SOUTH TRAIL CROSSING
100 Street SE
IDGE
SUBJECT PROPERTY
146 Avenue SE
NEW BRIGHTON
MCKENZIE TOWNE
104 Street SE
COPPERFIELD 201
MCKENZIE TOWNE
MAHOGANY
MAHOGANY
AUBURN BAY
SETON
Seton South Health Campus
APARRAL
Brookfield Residential
YMCA at Seton
SETON
Seton Library
Brookfield Residential YMCA at Seton Seton Library
SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
PLANNING OV E RVIEW
SOUTH SHEPARD AREA STRUCTURE PLAN (ASP)
• As the subject Property is located within this planning area, this 2013 approved plan is the Statutory policy plan that sets
out the form of development to occur on all lands within the planning area, including the subject Property
• The ASP directs that the form of development anticipated for the subject property is a typical “neighborhood area” con-
sisting primarily of a mix of single family and low density multi-family development
PLAN AREA ATTRIBUTES
Source: City of Calgary, South Shepard Area Structure Plan
6
9999 - 146 AVENUE SE, CALGARY, ALBERTA
LAND USE & TRANSPORTATION CONCEPT
7
SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
ENVIRONMENTAL OPEN SPACE STUDY AREA
8
9999 - 146 AVENUE SE, CALGARY, ALBERTA
OWNERSHIP PROFILE
The Property is currently located beside parcels being developed by Hopewell Residential and Melcor.
Hopewell
Residential
Residential
9
SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
LAND USE DESIGNATION
• The Property is currently in the holding district of S-FUD (Special Purpose – Future Urban District)
• This will require a change in the future in order to accommodate the range of residential uses contemplated within ASP
• Any land use application will require a supporting Outline Plan that in turn will detail exactly how the subject Property
and its adjoining lands are to be serviced – including what off- site municipal services must be constructed to accommo-
date any development
GROWTH MANAGEMENT OVERLAY
• The City of Calgary, in 2018, removed the Growth Management Overlay for the adjacent lands (ie. South Shepard Bylaw
38P2017)
• As a result, development of the lands to the west, which are owned by Hopewell Residential and development of the
lands to the south, which are owned Melcor, can proceed
• The City subsequently approved an Outline Plan and Land Use redesignation so to allow development of these lands to
proceed
• City administration was directed by City Council to explore the phasing out of the GMO. A report is due back to the Prior-
ities and Finance Committee in 2020.
Source: City of Calgary, South Shepard Area Structure Plan 38P2017
109999 - 146 AVENUE SE, CALGARY, ALBERTA
ADJACENT DEVELOPMENT
• While the Growth Management Overlay is still in place for the subject Property, development of the adjacent land is pro-
ceeding
• City Council report C2018-0881, provide the developers approval to commence development immediately
• It is anticipated that development will commence spring of 2020
HOPEWELL RESIDENTIAL:PROPOSED
OUTLINE PLAN
OUTLINE PLAN MELCOR DEVELOPMENTS: OUTLINE PLAN
SUBJECT
PROPERTY
11SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
SERVICING OVERVIEW
The table below is from The City of Calgary’s “ Suburban Residential Growth 2019-2023 report.
Source: City of Calgary, Suburban Residential Growth 2019-2023
129999 - 146 AVENUE SE, CALGARY, ALBERTA
SERVICING OVERVIEW
Map 15: Southeast sector vacant residential land supply by servicing status as of October 2017
The infrastructure shown on this map illustrates the requirements to service the entire Area Structure Plan.
t
EAST
I
R
Legend
GLENMORE TR SE
W
O
Sector Boundary
B
Serviced (all leading City infrastructure in place)
RIVERBEND
(Fire, Transportation, Water, Sanitary, Storm Sewer) SECTION 23
Partially Serviced SOUTH FOOTHILLS
(some leading infrastructure in place, but not all five)
Needs Fire
Needs Transportation
24 ST SE
Needs Water Resources
CITY LIMITS
(water, sanitary or storm)
Unserviced
(no leading infrastructure in place) SHEPARD
BARLOW T R SE
INDUSTRIAL
Subject To ASP Approval CP
(Will Include Residential And RA
Non Residential Uses) ILW
AY
Future Water Feedermain !
Future Storm Trunk DEER 114 AV SE
FO
D SE OT
Future Sanitary Trunk TR SE EAST SHEPARD INDUSTRIAL
! Future Sanitary Lift Station
DOUGLASDALE/
# Future Pressure Reduction
GLENStation
52 ST SE
" Future Reservoir
B
68 ST SE
STONEY TR SE
O
LANDFILL
SOUTH SHEPARD ASP
W
! Future Pump Station R
I VE
R
SITE
Future Skeletal Road
Future Arterial Street
Future Flyover "
E
³
13
0 AV SE
L!
Future Partial Interchange
BO
L!
W
¬ Future Full Interchange
BO
TT
"
E Emergency Response Station
O
NEW
M
BRIGHTON
TR
Transportation Utility Corridor
SE
SOUTH
F
MCKENZIE MCKENZIE
IS
LAKE TOWNE
COPPERFIELD
H
52
C
R
ST S
E
E
K
E
E
TR S
RNE
F LO
IS O
R QU
MA
AUBURN BAY
ARQUIS OF LORNE TR SE
MAHOGANY
CITY LIMITS
BO
W
SE
N BV
RIV
O
SET
ER
RANGEVIEW
CRANSTON ASP
REMAINDER "
E
L!
SETON
T TR S E
"
E
FO O
¬ ¬ 212
AV SE
ER
DE
MA
CL
Pine Creek
EO
Wastewater IT S
L IM
D
Treatment
TY
TR
Plant
I
C
SE
W RIVER
BO
CITY LIMITS
Source: City of Calgary, Suburban Residential Growth 2019-2023
Sector data findings and forecasts | Part 3 3-33
13SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
SERVICING OVERVIEW
NEW SUBURBAN AREAS GROWTH FORECASTS 2019-2023
Source: City of Calgary, Suburban Residential Growth 2019-2023
149999 - 146 AVENUE SE, CALGARY, ALBERTA
MARKET DEMAND SUPPLY
The Calgary Economic Region is estimated to grow by an average of 18,740 people per year. This represents an average annual
growth rate of 1.2 per cent per year to 2022.
Southeast sector summary: 2013‐2017
POPULATION
The CER held a population of 1,563,000 in 2017 and is projected to increase by 93,700 people to 1,656,700 by 2022. Calgary’s
This compares
population forecasttoforthe previous
2022 fiveaccounting
is 1,322,800 year, for 80 per cent of the region’s population, adding 76,700 people.
where the Southeast sector attracted:
Total population
Figure 9: Total Population for Calgary (2008-2022)
For Calgary (2008-2022)
33%
32%
1,350,000
of the total suburban
of the suburban 1,322,800 31%
population growth, of multi-residential units.
1,300,000
total units.
for 34,606 people.
33%
1,250,000 1,246,337
of single/semi units. Forecast
Population
1,200,000
Actual
1,150,000
1,100,000 11,146 units 5,915 units 5,231 units
1,050,000
1,000,000
2007 2009 2011 2013 2015 2017 2019 2021
Southeast sector forecasts: 2018-2022 Year
Current estimates are that, Cityover theCivic
of Calgary: next five
Census, years
Source: City of Calgary: Civic Census, Planning & Development, Calgary & Region Economic Outlook 2017-2026
Source: Planning & Development,
SOUTHEAST SECTORCalgary SUMMARY: 2018-2022
& Region Economic Outlook 2017-2022
new suburban
Current areas
estimates are that,will
overattract:
the next five years the sector will attract:
27% 28% 28%
of the total suburban of the total new of all the new
population growth, housing units. multi-residential units
for 18,479 people.
28%
of new single/semi units
6,910 units 4,710 units 2,200 units
15SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
FORECAST ESTIMATE
Forecast estimate TOTAL UNITS
of totalunits 2018-2022,
2018-2022, CITY OFand
City of Calgary CALGARY AND NEW
new suburban SUBURBAN AREA
areas
Year 2018 2019 2020 2021 2022 2018-2022 Yearly Average
City-Wide Forecast (Total Units) (see Table 9) 4,400 4,100 5,900 8,000 9,600 32,000 6,400
Total Units - Forecast Estimates for Growth into New Suburban Communities
Average Historical Average Forecast Share
Sector
Share 2018-2022
5 year 3 year 2 year % Units % Units % Units % Units % Units % Units Hectares Acres
NORTH 28% 26% 25% 28% 1,030 26% 900 26% 1,290 24% 1,440 24% 1,630 25% 6,290 278 687
NORTHEAST 21% 26% 30% 22% 830 23% 780 23% 1,140 23% 1,380 24% 1,590 23% 5,720 226 558
EAST 0% 0% 0% 0% 0 0% 10 0% 20 1% 60 1% 80 1% 170 9 22
SOUTHEAST 32% 26% 27% 28% 1,030 28% 970 29% 1,434 28% 1,660 27% 1,810 28% 6,904 300 741
SOUTH 15% 19% 14% 18% 670 18% 610 18% 870 19% 1,110 19% 1,260 18% 4,520 189 467
WEST 4% 4% 4% 4% 140 5% 190 4% 200 4% 240 5% 370 5% 1,140 80 198
NORTHWEST 0% 0% 0% 0% 0 0% 0 0% 0 0% 0 0% 0 0% 0 0 0
TOTAL 100% 100% 100% 100% 3,700 100% 3,460 100% 4,954 100% 5,890 100% 6,740 100% 24,744 1,082 2,673
Average number of total units and land needs to new suburban communities each year = 4,949 216 535
SHARE of city total units 60% 58% 57% 84% 84% 84% 74% 70% 77% of city wide total units
NORTH Half of Calgary 48% 52% 55% 50% 1,860 49% 1,690 49% 2,450 49% 2,880 49% 3,300 49% 12,180 513 1,267
SOUTH Half of Calgary 52% 48% 45% 50% 1,840 51% 1,770 51% 2,504 51% 3,010 51% 3,440 51% 12,564 569 1,406
North Half of Calgary = North, Northeast, East, Northwest Sectors
South Half of Calgary = Southeast, South and West Sectors
Total units and land areas is based on a variety of developer anticipated units and/or densities from actual approved planned land supply using Tentative
Plan and Outline Plan build out capacities and estimates of housing capacities from community plans or area structure plans. These capacities are from actual
build out of these areas for each sector and reflect the five year 2017-2021 blue growth bands in the SRG report Map 5. The last five year average of total units
going into the new suburbs has ranged between 54 and 67 per cent. Forecast over the next five year period uses 68 per cent with consideration of historical
trends and expected projections. Note: the totals and shares shown are not intended to be targets for the City of Calgary. They represent likely growth given
existing assumptions and conditions. Numbers may not add up due to rounding.
Source: City of Calgary: Planning & Development, Calgary & Region Economic Outlook 2017-2026
16OFFERING PROCESS
The Property is being offered for sale with a List Price of $34,500,000. Offers will be considered on a first come, first serve basis.
All inquiries regarding the Property should be directed to:
JLL CAPITAL MARKETS KEN WESTHAVER RYAN MURPHY
jll.ca I 403-456-2233 JLL Capital Markets, Calgary JLL Capital Markets, Calgary
Bankers Hall East Land Services & Development Senior Sales Associate
Suite 3900, Senior Vice President (403) 456-5582
855 – 2nd Street SW (403) 456-2209 RyanJ.Murphy@am.jll.com
Calgary, AB T2P 4J8 Ken.Westhaver@am.jll.com
DISCLAIMER
© 2019 Jones Lang LaSalle IP, Inc. All rights reserved. Information set out herein (the “Information”) has not been verified by Jones Lang LaSalle Real Estate Services, Inc., Brokerage and
any and all of its real estate agents/staff, and to all other divisions of the company (collectively “JLL”). JLL does not represent, warrant or guarantee the accuracy, correctness and complete
ness of the Information. Given the limitations of the investigations, inquiries and verification that JLL have undertaken, the reliability of this Information must be treated with a suitable
degree of caution and neither JLL or any of their affiliates accept any liability or responsibility for the accuracy or completeness of the information contained herein and no reliance should
be placed on the information contained in this document. JLL 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 JLL.You can also read
