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 9999 - 146 AVENUE SE, CALGARY, ALBERTA
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 adja-
cent lands by both Hopewell and Melcor, with Hopewell front-ending the majority of the infra-
structure 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 residen-
tial development.
• The land has been in continual agricultural use, has not had any industrial use since initial reg-
istration, and there are no known environmental liabilities.
PROPERTY SUMMAR Y
PROPERTY SITE LEGAL Land-Use COMMUNITY TOPOGRAPHY LIST PRICE: $34,500,000
ADDRESS AREA Description Designation
9999 - 146 Ave SE 159.41 Acres 4;29;22;36;NE S-FUD Hotchkiss Generally Flat
2 3
SOUTH SHEPARD ASP DEVELOPMENT LAND
LIST PRICE: $34,500,000
2
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
9999-146 Ave SE 25 MINS to facilities like the South Calgary Hospital, the Recreation Centre (Brookfield Residential YMCA at Seton) and the
Calgary, Alberta Downtown Calgary public library. In addition, the southeast sector is supported by many of Canada’s premiere grocers and retailers.
QUEENSLAND
Brookfield Residential YMCA at Seton
SOUTH TRAIL CROSSING
100 Street SE
DEER RIDGE
9 MINS to 29 MINS to Calgary
South Trail Crossing International Airport
PARKLAND
SUBJECT PROPERTY
146 Avenue SE
NEW BRIGHTON
MCKENZIE TOWNE
104 Street SE
Wide variety of retail 13 MINS to
COPPERFIELD 201
in close proximately Seton
MIDNAPORE
MCKENZIE TOWNE
MAHOGANY
Rapid transit access to Easy access to Stoney
Seton and Auburn Bay Trail & Alberta 22X
SUNDANCE MAHOGANY
Seton Library
AUBURN BAY
22X
SETON
2A
O Seton South Health Campus
CHAPARRAL
Brookfield Residential
YMCA at Seton
SETON
Seton Library
2A
SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA
LIST PRICE: $34,500,000
PLANNING OV E RVIEW LAND USE & TRANSPORTATION CONCEPT
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
ENVIRONMENTAL OPEN SPACE STUDY AREA
Source: City of Calgary, South Shepard Area Structure Plan
6 7
SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA
LIST PRICE: $34,500,000
OWNERSHIP PROFILE LAND USE DESIGNATION
The Property is currently located beside parcels being developed by Hopewell Residential and Melcor. • 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
Hopewell 38P2017)
Residential
• 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
Hopewell • The City subsequently approved an Outline Plan and Land Use redesignation so to allow development of these lands to
Residential
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
8 9
SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA
LIST PRICE: $34,500,000
ADJACENT DEVELOPMENT SERVICING OVERVIEW
• While the Growth Management Overlay is still in place for the subject Property, development of the adjacent land is pro- The table below is from The City of Calgary’s “ Suburban Residential Growth 2019-2023 report.
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
Source: City of Calgary, Suburban Residential Growth 2019-2023
10 11
SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA
LIST PRICE: $34,500,000
SERVICING OVERVIEW 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.
NEW SUBURBAN AREAS GROWTH FORECASTS 2019-2023
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 Source: City of Calgary, Suburban Residential Growth 2019-2023
Sector data findings and forecasts | Part 3 3-33
12 13
SOUTH SHEPARD ASP DEVELOPMENT LAND 9999 - 146 AVENUE SE, CALGARY, ALBERTA
LIST PRICE: $34,500,000
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 FORECAST ESTIMATE
Forecast estimate TOTAL2018-2022,
of totalunits UNITS 2018-2022, CITYand
City of Calgary OFnew
CALGARY AND
suburban NEW SUBURBAN AREA
areas
growth rate of 1.2 per cent per year to 2022.
Year 2018 2019 2020 2021 2022 2018-2022 Yearly Average
POPULATION City-Wide Forecast (Total Units) (see Table 9) 4,400 4,100 5,900 8,000 9,600 32,000 6,400
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
population forecast for 2022 is 1,322,800 accounting for 80 per cent of the region’s population, adding 76,700 people. 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
Southeast sector summary: 2013‐2017 NORTHEAST 21% 26% 30% 22% 830 23% 780 23% 1,140 23% 1,380 24% 1,590 23% 5,720 226 558
Total population
Figure 9: Total Population for Calgary (2008-2022)
For Calgary (2008-2022)
EAST 0% 0% 0% 0% 0 0% 10 0% 20 1% 60 1% 80 1% 170 9 22
This compares to the previous five year,
1,350,000 SOUTHEAST 32% 26% 27% 28% 1,030 28% 970 29% 1,434 28% 1,660 27% 1,810 28% 6,904 300 741
where the Southeast sector attracted: 1,322,800 SOUTH 15% 19% 14% 18% 670 18% 610 18% 870 19% 1,110 19% 1,260 18% 4,520 189 467
1,300,000 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
33%1,250,000 1,246,337
32% Forecast 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
of the total suburban
of the suburban 31%
Population
population growth,
1,200,000 of multi-residential units. Average number of total units and land needs to new suburban communities each year = 4,949 216 535
for 34,606 people. total units.
1,150,000
Actual 33% SHARE of city total units 60% 58% 57% 84% 84% 84% 74% 70% 77% of city wide total units
of single/semi units.
1,100,000 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
1,050,000
11,146 units 5,915 units 5,231 units North Half of Calgary = North, Northeast, East, Northwest Sectors
1,000,000
2007 2009 2011 2013 2015 2017 2019 2021 South Half of Calgary = Southeast, South and West Sectors
Year 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
Source: City of Calgary: Civic Census, Planning & Development, Calgary & Region Economic Outlook 2017-2026 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
Southeast sector
Source: City of Calgary: forecasts:
Civic Census, Planning2018-2022
& Development, 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
Calgary & Region Economic Outlook 2017-2022
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
SOUTHEAST SECTOR
Current estimates are that, SUMMARY: 2018-2022
over the next five years existing assumptions and conditions. Numbers may not add up due to rounding.
Current estimates
new suburban areasare
willthat, over the next five years the sector will attract:
attract: Source: City of Calgary: Planning & Development, Calgary & Region Economic Outlook 2017-2026
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
14 15
OFFERING 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.
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