WELCOME SMARTCENTRES CHILLIWACK MALL - REVITALIZATION PLAN INFORMATION SESSION
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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 UHVLGHQWLDO VLQJOHIDPLO\FRQGRPLQLXPDQGUHQWDO UHWLUHPHQWKRPHVRI¿FH 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
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
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
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
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
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
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
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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