MATURE NEIGHBORHOOD ±24,888 SF SITE MIXED-USE DEVELOPMENT LAND JUDICIAL SALE NW Corner - 109 Street & 77 Avenue EDMONTON, AB PRICE REDUCED: $2,800,000 Adam Martinson Partner 780 701 3285 [email protected]Doug Rae Partner 780 429 9397 [email protected]Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. No warranty or representation express or implied is mad to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property for properties in question. February 24, 2020 Cushman & Wakefield Edmonton Suite 2700, TD Tower 10088 102 Avenue Edmonton, AB T5J 2Z1 cwedm.com
[email protected] & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. No warranty or representation express or implied is mad to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property for properties in question. February 24, 2020
Cushman & Wakefield Edmonton is pleased to present for sale this unique mixed-use development site in the neighborhood of McKernan along the 109th Street node. The property is located within walking distance to many employment areas, fitness facilities, parks, community services and shopping which makes the tree lined streets of McKernan an ideal location for this project.
SENIOR’SHOUSING
1,032,569 Total Population (2019 est.)
65,921 Population - 3 km radius (2019 est.)
7.8% Projected Growth (2019 - 2022 est.)
Area Ages 25% < 24 61.7% 25 - 64 13.3% > 65
$110,867 Average Household Income (3 km)
Demographics
Mixed-Use Development LandNW Corner 109 Street & 77 Avenue, Edmonton, AB
JUDICIAL SALE
Located in Edmonton, THE MARK on 109th is a proposed high-profile mixed-use development project located on 109th Street in the mature neighborhood of McKernan, just 6 blocks from the world-renowned University of Alberta campus and 3 blocks from Whyte Avenue, the heart of Strathcona.
The current design incorporates three residential housing styles with ground level retail fronting 109th Street. Luxury condominiums are situated above the retail and loft-style live-work units front 77th Avenue, with the building stepping down to three-storey executive townhomes to the west. Heated and secure underground parking is provided for all residents, commercial tenants and visitors. Residential parking has its own private and secure area, separate from the retail and visitor parking.
The upper floors of the building features an articulated exterior design to create an interesting skyline. This has also allowed for large rooftop patios and balconies which will provide an outdoor living experience comparable to what people enjoy when living in a single-family home. The development is replacing post war era single-family dwellings.
The proposed project is 27,000 SF which will require a land swap with the City.
The Proposed Project
Although expired, the previously approved development permit was to construct a 39-dwelling Apartment House with General Retail Stores at Grade. Project consists of 30 Apartment Units, 6 Dwellings of Row Housing, and 3 Live-Work Units. The permit expired in September 2018.
Property Overview
Legal Description: Plan I24, Block 18, Lot 1
Plan 4855EO, Lots 6, 7-8, 8, 9, 10
Site Area: 24,887.83 SF
Zoning: DC2 - Site Specific Control Provision
Property Taxes: $21,709.45 (2019 estimate)
Proposed Site PlanDevelopment Permit
Mixed-Use Development LandNW Corner 109 Street & 77 Avenue, Edmonton, AB
Suite 2700, TD Tower10088 102 AvenueEdmonton, Albertawww.cwedm.com
Cushman & Wakefield Edmonton is independently owned and operated / A Member of the Cushman & Wakefield Alliance. Cushman & Wakefield Copyright 2018. No warranty or representation, express or implied, is made to the accuracy or completeness of the information contained herein, and same is submitted subject to errors, omissions, change of price, rental or other conditions, withdrawal without notice, and to any special listing conditions imposed by the property owner(s). As applicable, we make no representation as to the condition of the property (or properties) in question. DR_AM_Revcor Land_Brochure_109 St & 77 Ave (The Mark)
The lands are being offered to the market at a price of $2,800,000. Interested parties are invited to submit offers through Cushman & Wakefield Edmonton. The property will be sold on an “as is where is basis”. All offers are subject to court approval.
Proposed Rendering
MIXED-USE DEVELOPMENT LANDNW Corner 109 Street & 77 Avenue, Edmonton, AB
