WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION

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WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
WELCOME

SMARTCENTRES CHILLIWACK MALL

  REVITALIZATION PLAN INFORMATION SESSION
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
is one of Canada’s largest
real estate investment trusts with total assets of approximately $9.6 billion.
It owns and manages 34 million square feet in value-oriented, principally
Walmart-anchored retail centres, having the strongest national and
regional retailers as well as strong neighbourhood merchants. In addition,
SmartCentres is a joint-venture partner in the Premium Outlets locations in
Toronto and Montreal with Simon Property Group.

SmartCentres continues to expand the breadth of its portfolio to include
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and self-storage, either on its large urban properties such as SmartCentres
Place at the Vaughan Metropolitan Centre or as an adjunct to its well-located
existing shopping centres. For more information on SmartCentres, visit
www.smartcentres.com.                                                            EXISTING COMMERCIAL

157 Properties across Canada
34M+ sf of Leasable Space
                                                                                 EXISTING COMMERCIAL
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
CHILLIWACK MALL REVITALIZATION PLAN HIGHLIGHTS
   • Existing Commercial:       152,677 sf of Gross Leasable Area
   • Proposed Commercial:       162,798 sf of Gross Leasable Area
   • Expansion of existing Winners by 18,832 sf to accommodate HomeSense
   • Demolition of existing Enclosed Mall (67,673 sf)
   • Addition of new Multi-tenant Retail Space (47,821 sf)
   • Proposed Residential:
        - 2.63-acre residential parcel
        - Three 6-storey residential buildings with approximately 200+ units
        - Structured + at grade parking
        - SmartCentres is working with a local residential developer with
                                                                               EXISTING AERIAL VIEW
          expertise in the market

INVESTMENT HIGHLIGHTS
   • Est. Retail Construction Cost: $25M
   • Est. Residential Construction Cost: $38M
   • Est. Total Construction Value: $63M
   • Projected Annual (2021) Commercial Taxes: $620,000
   • Projected Annual (2021) Residential Taxes: $285,000
   • Total Projected Annual (2021) Taxes: $905,000
                                                                               PROPOSED PERSPECTIVE
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
EXISTING SIGNALI
                         GNALLIZED
                               ZED
                                ED
                                 D                                          EXIS
                                                                            EXIST
                                                                            EX
                                                                             XISTIN
                                                                             XIS  NG SIGNA
                                                                                  NG SIG
                                                                                     SIGNAL
                                                                                        NALI
                                                                                        NAL LIZE
                                                                                            LI
                                                                                            LIZED
                                                                                               ZED
                 INTERSEC
                 IN
                  NTERSECTION
                          TION
                            ON                                                 INTERSEC
                                                                                NTERSEC
                                                                                 TERSEC
                                                                                  E
                                                                                  ERSEC  TIIO
                                                                                         T
                                                                                         TIOON
                                                                                            ON

                                     LUCKAKUCK WAY

                                                                                                             VED
                                                                                                              DER
                                                                                                                  ROA
                                                                                                                   D
SAFEWAY

          EXISTING SHOPPING
                                                     SPORT CHEK   WINNERS
                CENTRE

                                                                                                                               0.82
                                                                                                                                  2° FROM TRUE N

                                                                                                                                      N

                                                                                                                     0(75(6
                                                                                                                        

            KNIGHT ROAD
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
SMARTCENTRES HAS SUBMITTED THE FOLLOWING APPLICATIONS TO THE CITY OF CHILLIWACK

        OFFICIAL COMMUNITY PLAN AND ZONING AMENDMENTS (2.63 ACRES)
           • 2I¿FLDO&RPPXQLW\3ODQ)URP*HQHUDO&RPPHUFLDOWR0HGLXP'HQVLW\5HVLGHQWLDO
           • Zoning: From Shopping Centre Zone (C4) to High Density Multi-Family Residential Zone (R6)
           • Map Amendment: Relocation of the existing Liquor Store Zone (C7) within the property

        DEVELOPMENT VARIANCE PERMITS (HIGH DENSITY MULTI-FAMILY RESIDENTIAL ZONE – R6)
           • To reduce the interior side lot line setback from 8.25m to 6m
           • To reduce the minimum lot width from 30m to 6m to facilitate a two-lot subdivision including the creation of a new panhandle lot
           • To reduce the required off-street parking requirements from 1.5 spaces per unit to 0.75 spaces per unit less than 57m2 (613 sf) in area

        DEVELOPMENT VARIANCE PERMIT (SHOPPING CENTRE ZONE – C4)
           • To reduce the front lot line setback from 12m to 2m to facilitate the construction of three (3) new free
            standing multi-tenanted commercial buildings

        DEVELOPMENT VARIANCE PERMITS (SIGN BYLAW)
           • To increase the copy area from 23m2 (247.57 sf) to 59.27m2 (638 sf)
           • To increase the permitted height from 10m (32.81 ft) to 14.63m (48.00 ft)
           • To allow 3rd party digital advertising

        DEVELOPMENT PERMIT APPLICATION (COMMERCIAL)
           • Development Permit Application submitted for the commercial component
           • Development Permit Application for the residential component to be submitted at a later date
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
EXISTING SIGNALIZED                                                                                                                        EXISTING SIGNALIZED
                                                                                                                        INTERSECTION                                                                                                                               INTERSECTION

                                                                       EXISTING PYLON SIGN
                            6m ACCESS & SERVICE ROAD
                                                                                                                                   LUCKAKUCK WAY                                                                                                        BUSINESS PREMISES SIGN
                                                                                                                                                                                                                                                        PROPOSED COPY AREA: 59.27SM
                                                                                                                                                                                                                                                        PROPOSED HEIGHT: 14.63m
                                                                                                                                                                                                                                                        PROPOSED MESSAGING: 1st AND 3rd PARTY SIGNAGE

                                                                                                                                                                                                     12m FRONT LOT LINE SETBACK
                                                                                                                                           BLDG C                                     BLDG D                                                   BLDG E

                                                                                                                                                           PROPOSED 2m SETBACK
                                       8
                                    578
                                  N1
                         SR
                           W
                               PLA
                                                                            BLDG B
                                                                                                                                      PROPOSED
                                                                                                                                      LIQUOR STORE                                                                                                      LEGEND
                                             5
                                                                                                                                                                                                                                                                                      PROPOSED BUILDINGS
                                          577
                                        N6
                                     PLA                        ZONING MAP AMENDMENT TO "LIQUOR STORE ZONE (C7)"                                                                                                                                                                      EXISTING BUILDINGS
                                 W
                               SR                                    PROPOSED LIQUOR STORE LOCATION: C2 - 6,285 SF
                                                                                                                                                                                                                                                                                      PROPOSED LIQUOR STORE
                                                                                                                                                                                                                                                                                      EXISTING LIQUOR STORE

                                                             BLDG A                                                                                                                                                                                                        EXISTING PYLON SIGN
                                                            SAFEWAY

                                                                                                                                EIXSTING LIQUOR STORE TO
                                                                                             EXISTING LIQUOR STORE              BE RELOCATED TO C2
                                                                                             6,285 SF                           LOCATION

• RESIDENTIAL PARCEL -
  2.63 ACRES (1.07 HA)
                                                                                                                                                                                                                                   WINNERS /
                                                                                                                                                                                 SPORT CHEK
                                                                                                                                                                                                                                  HOMESENSE
• OCP AMENDMENT:
  GENERAL COMMERCIAL                                                                                            BLDG G
  (CG) TO MEDIUM DENSITY
  RESIDENTIAL (RM)
                                                       BLDG 1
• REZONING: SHOPPING
  CENTRE ZONE (C4) TO                                                                  BLDG 2                                              BLDG3
  HIGH DENSITY MULTI-                                                                                                                                                             6m + 0.75m PER STOREY = 8.25m BEYOND LEVEL 3
                                                                                                                                                                                          (PROPOSED 6 STOREY BUILDING)
  FAMILY RESIDENTIAL (R6)

                                                                                                                                                                                 PROPOSED 6m SETBACK FROM GF TO ALL LEVEL ABOVE

     PROPOSED SITE PLAN                                                                                                                                                                     8.25m REQUIRED SETBACK
                                                                                                                                                                                                 BEYOND LEVEL 3
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
LEGEND
                                                                                                                                          D
                                                                                                                                     MAIN PEDESTRIAN
                                                                                                                                          PEDEST
                                                                                                                                              STRIAN
                                                                                                                                               TRIAN CIRCUL
                                                                                                                                                     CIRCULATION
                                                                                                                                                          LATION
                                                                                                                                                            AT

                                                                                                                                                PEDESTRIAN
                                                                                                                                                PEDEST
                                                                                                                                                    STRIAN CROSSING
                                                                                                                                                PEDESTRIAN
                                                                                                                                                PEDEST
                                                                                                                                                    STRIAN PATH
                                                                                                                                                           PAT
                                                                                                                                                           PA
                                                                                                                                                            ATH

                                                                                                                                     TOTAL NUMBER OF TREES
                                                                                                                                     174 EXISTING SITE PLAN
                                                                                                                                     237 PROPOSED SITE PLAN

                                                    DETAIL 01
                                                                                                                0.82° FROM TRUE N

                                                                                                                       N

                                                                                                     0(75(6                   DETAIL 01

               SAFEWAY

                                                      SPORT CHEK

                                                                                                                                    DETAIL 02
                                                                   WINNERS/ HOMESENSE

                                        DETAIL 02

                          RESIDENTIAL                 DETAIL 03

                                                                                                FURNISHING
PROPOSED LANDSCAPE PLAN                                                                                                             DETAIL 03
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
PROPOSED PERSPECTIVE
                       EXISTING PYLON SIGN

PROPOSED PERSPECTIVE
                       EXISTING PYLON SIGN
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
C

                          C

                                          EXISTING PYLON SIGN

PROPOSED BUILDING C                                             PROPOSED BUILDING C - STREET VIEW

                              D

                          D

                                          EXISTING PYLON SIGN

PROPOSED BUILDING D                                             PROPOSED BUILDING D - STREET VIEW

                                      E

                                  E

                                          EXISTING PYLON SIGN

PROPOSED BUILDING E                                             PROPOSED BUILDING E - STREET VIEW
WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
PROPOSED BUILDING F
                      F
                          EXISTING PYLON SIGN
PROPOSED BUILDING G

                      G   EXISTING PYLON SIGN
CONCEPTUAL SAFEWAY ELEVATION – SUBJECT TO CHANGE
                                                   SAFEWAY

                                                             EXISTING PYLON SIGN
CONCEPTUAL RESIDENTIAL ELEVATION – SUBJECT TO CHANGE

                                                                EXISTING PYLON SIGN

                                                       RESIDENTIAL
PROPOSED DEVELOPMENT TIMELINE - SUBJECT TO CHANGE

                     2I¿FLDO&RPPXQLW\                                                                       Public Hearing, Third
                    Plan, Rezoning and                                                                        Reading, and Fourth
                   Development Variance                                                                      Reading of the proposed                                                                      Construction of one new
                     Permit Applications                                                                     bylaw amendments and                                                                          retail building (Bldg. B)
                   submitted to the City of                         Public Information                        Development Permit                               Demolition of the                           adjacent to Luckakuck
                         Chilliwack                                      Session                                    Approval                                    enclosed mall                                         Way

                                                                                                                                                         November 2020 to                                  November 2021 to
                         April 2019                                    July 2019                               September 2019
                                                                                                                                                            April 2021                                        April 2022

                                                                                                                                    January 2020 to                                May 2021 to October
   October 2017                               June 2019                                       August 2019                                                                                                                              May 2021
                                                                                                                                     October 2020                                         2021

 SmartCentres acquires                    Development Permit                             First and Second Reading                  Construction of three                            Construction of one new                       Construction begins on
    Chilliwack Mall                        Application for the                               of proposed bylaw                   new retail buildings (Bldg.                        retail building (Bldg. G)                     the residential lands (to
                                         commercial component                                   amendments                         C, D, and E) adjacent                           adjacent to the residential                   be completed in phases)
                                         submitted to the City of                                                                 to Luckakuck Way and                                         lands
                                               Chilliwack                                                                        existing tenant relocation
             $
WHY IS SMARTCENTRES REVITALIZING CHILLIWACK MALL?

            • Constructed in 1981, Chilliwack Mall is a small enclosed mall that was a product of its era.

            • The retail landscape is continuously evolving and to adapt often means to change the built
              format. By replacing the enclosed mall with freestanding retail buildings retailers will have better
              exposure, and their customers will have access to more convenient parking.

            • Introducing new uses such as residential allows residents to live in close proximity to everyday
              amenities such as groceries, personal services, restaurants, and transit, thereby reducing the
              need for additional vehicle trips.

            • The residential development will provide for a wide selection of housing where units will vary in
              size and will create more housing options in the City of Chilliwack.

            • Densifying the existing urban environment better utilizes existing infrastructure and services.

            • Improvements to the overall site provides an opportunity to improve landscaping and create a
              pedestrian oriented environment.

            • Redesign will modernize the shopping centre while incorporating new and existing businesses.
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