high profile corner site - cbre

800 MARINE DRIVECITY OF NORTH VANCOUVER, BC

F O R S A L E

HIGH PROFILE CORNER SITE

FELL AVENUE

MARINE DRIVE

CBRE Limited is pleased to present the opportunity to acquire 800 Marine Drive (the “Subject Property”), a 15,500 square foot, high profile corner site with mixed-use retail/residential development potential. Situated on the northwest corner of Marine Drive and Fell Avenue, in the City of North Vancouver, this site is located on one of the most dominant retail corridors on the North Shore.

LOCATION OVERVIEWThe Subject Property is situated at the prime, high-profile intersection of Marine Drive and Fell Avenue, in the City of North Vancouver’s Marine-Hamilton area. Directly across the street from Capilano Mall, currently anchored by Walmart, Save-On Foods, Bed Bath & Beyond and Golf Town, this site offers exceptional potential with the future redevelopment of the shopping centre, by the same developer of the Oakridge redevelopment, QuadReal Property Group.

The area is undergoing a rapid transformation, experiencing densification of multifamily residential development to become one of the most dominant retail corridors on the North Shore.

LEGAL ADDRESSLot F Block D District Lot 265 Plan 20986, PID 005-028-647

SITE SIZE**15,500 square feet

BUILDING SIZE**6,300 square feet

ZONINGCS-1 (Service Commercial)

OFFICIAL COMMUNITY PLANMixed-Use Level 2

MAXIMUM ALLOWABLE DENSITY*2.5 FSR (Including 0.5 Bonus)

ASSESSED VALUELand $7,161,000Improvement 8,700Total $7,169,700

GROSS TAXES$55,513.36

TENANCYMidas

NOIContact Listing Agents

PRICEContact Listing Agents

CITY OF NORTH VANCOUVER, BC800 MARINE DRIVE

THE OPPORTUNITY

WEST 3RD STREET

WEST 1ST STREET

FELL AVENUE

MARINE DRIVE

VERYWALKABLE

GOODTRANSIT

BIKEABLE

CAPILANO MALL

*It is the obligation of any prospective purchaser to confirm the allowable density with the City of North Vancouver.

**Approximate, subject to prospective purchasers verifying.

CARSON GRAHAM SECONDARY

MAHON PARK

CAPILANO BUSINESS PARK

MACKAY PARK GREENBELT

WESTVIEW SHOPPING CENTRE

TRANS-CANADA HWY

HIGH PROFILE CORNER SITE WITH DEVELOPMENT POTENTIAL

CITY OF NORTH VANCOUVER

PROPERTY HIGHLIGHTSCITY OF NORTH VANCOUVER, BC800 MARINE DRIVE

Exceptional corner at prominent intersection

Surrounded by a vibrant amenity base

OCP designated

Short term holding income

j

j

GASTOWN

BOUNDARY

WEST END

DOWNTOWN

KIRKSTONELIONS GATE

KEITH LYNN

STANLEY PARK

COAL HARBOUR

VALLEY CENTRE

LOWER LONSDALE

LOWER CAPILANO MARINE

Marine Drive

BURRARD INLET

W Keith Road

SEA

BU

S

V2

V E

MP

RE

SS

SQUAMISHNATION

Fe

ll A

ve

LOWER CAPILANO MARINELOWER CAPILANO MARINELOWER CAPILANO MARINE

HIGH PROFILE CORNER SITE WITH DEVELOPMENT POTENTIAL

CITY OF NORTH VANCOUVER, BC800 MARINE DRIVE

THE OFFICIAL COMMUNITY PLANThe Subject Property is currently zoned CS-1, however it is designated under the City of North Vancouver’s Official Community Plan as Mixed-Use Level 2, allowing for a maximum density of 2.0 FSR*. A maximum increase of 0.5 FSR may be considered though discussions with the City of North Vancouver.

Sites can be fully commercial, mixed-use, or live/work and must emphasize street fronting activity including shops, cafés or services.

43

23

57

68

46

19

48

166232

57

46

46

5537

23

40

34

3643

23

18

46

3768

74

3723

16

1616

56

56

25

28

16

13

40

23 4646

37

37

4 storeys

4 storeys4 storeys

TOBRUCKW 17TH

W 19TH

W 20TH

W 21ST

E 4TH

E 3RD

E 4TH

E 5TH

E 25TH

E 7TH

ST A

NDRE

W'S

ST GE

ORGE

'S

CHEST

ERFIE

LD

LONS

DALE

FORB

ESLA

RSON

HANE

S

W 1ST

W 2ND

W 3RD

W 4TH

W 5TH

W 6TH

W KEITH

W ESPLANADE

W 13TH

W 25TH

W 29TH

W 26TH

W 27TH

W 28TH

W 21ST

W 19TH

W 18TH

W 17TH

HEND

RY

LOW LEVEL

E 1ST

E 3RD

E 28TH

E 22ND

E 23RD

E 24TH

E 21ST

E 26TH

E 27TH

E 20TH

E 19TH

E 14TH

E 15TH

E 16TH

E 17TH

E 18TH

E 8TH

E 9TH

E 10TH

E 11TH

E 12TH

E 13TH

E KEITH

SOMERSET

TEMPE

MAITL

AND

RIDGE

WAY

MOOD

Y

GRAN

D BO

ULEV

ARD

SUTH

ERLA

ND

WILL

IAM

RUFU

S

ST DA

VID'

S

RIDGE

WAY

MOOD

Y

QUEE

NSBU

RY

SUTH

ERLA

ND CLOVERLEY

SHAVINGTON

E 6TH

E 5TH

E 4TH

E 2NDE ESPLANADE

ST AN

DREW

'S

JONE

S

MAHO

N

CHES

TERF

IELD

ST G

EORG

E'S

LONS

DALE

TRANS CANADA HWY

SQUAMISH NATION

GOST

ICK

FELL

AUTOMALL

HARBOURSIDE

W 3RD

W 1ST

MARINE DR

HAMI

LTON

NELS

ON

FELL

W 24TH

W 23RD

W 22ND

WEST

VIEW

W 16TH

W 15TH

W 14TH

LARS

ON

W KEITH

BEWI

CKE

JONE

S

MAHO

N

CHES

TERF

IELD

MACK

AY

TEMPE

GLEN

TEMPE KNOLL

RUFUS DR

CEDAR VILLAGE CR

ALDER

HEYWOOD

BROO

KSBA

NK

COTTON

FORB

ES

ST PA

TRICK

'S

WEST

VIEW

N

Land Use DesignationThis map should be viewedin conjunction with theprovisions of Sections 2.1and 2.2 of Chapter 1 O

CP

Den

sity

(FSR

)

Residential Level 1 (Low Density)

0.5


0.5


0.75

Residential Level 4A (Medium Density)

1.0

Residential Level 4B (Medium Density)

1.25

Residential Level 5 (Medium Density)

1.6

Mixed Use Level 4B (High Density)

3.0

Mixed Use Level 4A (High Density)

2.6

Mixed Use Level 2 (Medium Density)

2.0

Mixed Use Level 1 (Low Density)

1.0

City Boundary

Industrial

Commercial

School & Institutional

Parks, Recreation & Open Space

# Maximum Building Heights in Metres

Res

iden

tial

Mix

ed U

se

Residential Level 6 (High Density)

2.3

Max

imum

Bon

us (F

SR)

up to 1.0

up to 0.5

-

up to 1.0

Part of the Official Community Plan

Schedule ALand Use

This map forms part of and is integral to the Official CommunityPlan. Land use designations extend from property boundary tothe centerline of streets and lanes.

All residential development without maximum heights on this mapshall not exceed six storeys. For other uses, heights shall be regulatedthrough the Zoning Bylaw and in considering increases in building heights,attention will be given to view impacts, contextual relationships and thelivability or use of the buildings.


2.3

Harbourside Waterfront (Mixed Use)

2.05

Mixed Employment

up to 1.0

up to 0.5

up to 1.0

up to0.15

Adopted March 23, 2015Amended October 26, 2015

Amended July 11, 2016Amended November 21, 2016

Amended April 3, 2017Amended June 19, 2017

NOTES

Printed: 22.06.2017

Metres Approx. Storeys12-13 4 18-19 6 23-25 8 37 12 46 15 55-56 18 68 22 74 24

Example Height Equivalencies

Special Study Area


CP

Den

sity

(FSR

)

Residential Level 1(Low Density)

0.5


0.5


0.75

Residential Level 4A(Medium Density)

1.0

Residential Level 4B(Medium Density)

1.25

Residential Level 5(Medium Density)

1.6

Mixed Use Level 4B(High Density)

3.0

Mixed Use Level 4A(High Density)

2.6

Mixed Use Level 2(Medium Density)

2.0

Mixed Use Level 1(Low Density)

1.0

City Boundary

Industrial

Commercial


Parks, Recreation &Open Space

#Maximum BuildingHeights in Metres

Res

iden

tial

Mix

edU

se

Residential Level 6(High Density)

2.3

Max

imum

Bon

us(F

SR)

up to1.0

up to0.5

-

up to1.0

Mixed Use Level 3(Medium Density)

2.3

Harbourside Waterfrfr ront(Mixed Use)

2.05

Mixed Employment

up to1.0

up to0.5

up to1.0

up to0.15

Special Study Area

43

23

57

68

46

19

48

166232

57

46

46

5537

23

40

34

3643

23

18

46

3768

74

3723

16

1616

56

56

25

28

16

13

40

23 4646

37

37

4 storeys

4 storeys4 storeys

TOBRUCKW 17TH

W 19TH

W 20TH

W 21ST

E 4TH

E 3RD

E 4TH

E 5TH

E 25TH

E 7TH

ST A

NDRE

W'S

ST GE

ORGE

'S

CHEST

ERFIE

LD

LONS

DALE

FORB

ESLA

RSON

HANE

S

W 1ST

W 2ND

W 3RD

W 4TH

W 5TH

W 6TH

W KEITH

W ESPLANADE

W 13TH

W 25TH

W 29TH

W 26TH

W 27TH

W 28TH

W 21ST

W 19TH

W 18TH

W 17TH

HEND

RY

LOW LEVEL

E 1ST

E 3RD

E 28TH

E 22ND

E 23RD

E 24TH

E 21ST

E 26TH

E 27TH

E 20TH

E 19TH

E 14TH

E 15TH

E 16TH

E 17TH

E 18TH

E 8TH

E 9TH

E 10TH

E 11TH

E 12TH

E 13TH

E KEITH

SOMERSET

TEMPE

MAITL

AND

RIDGE

WAY

MOOD

Y

GRAN

D BO

ULEV

ARD

SUTH

ERLA

ND

WILL

IAM

RUFU

S

ST DA

VID'

S

RIDGE

WAY

MOOD

Y

QUEE

NSBU

RY

SUTH

ERLA

ND CLOVERLEY

SHAVINGTON

E 6TH

E 5TH

E 4TH

E 2NDE ESPLANADE

ST AN

DREW

'S

JONE

S

MAHO

N

CHES

TERF

IELD

ST G

EORG

E'S

LONS

DALE

TRANS CANADA HWY

SQUAMISH NATION

GOST

ICK

FELL

AUTOMALL

HARBOURSIDE

W 3RD

W 1ST

MARINE DR

HAMI

LTON

NELS

ON

FELL

W 24TH

W 23RD

W 22ND

WEST

VIEW

W 16TH

W 15TH

W 14TH

LARS

ON

W KEITH

BEWI

CKE

JONE

S

MAHO

N

CHES

TERF

IELD

MACK

AY

TEMPE

GLEN

TEMPE KNOLL

RUFUS DR

CEDAR VILLAGE CR

ALDER

HEYWOOD

BROO

KSBA

NK

COTTON

FORB

ES

ST PA

TRICK

'S

WEST

VIEW

N


CP

Den

sity

(FSR

)


0.5


0.5


0.75

Residential Level 4A (Medium Density)

1.0

Residential Level 4B (Medium Density)

1.25

Residential Level 5 (Medium Density)

1.6

Mixed Use Level 4B (High Density)

3.0

Mixed Use Level 4A (High Density)

2.6


2.0

Mixed Use Level 1 (Low Density)

1.0

City Boundary

Industrial

Commercial


Parks, Recreation & Open Space

# Maximum Building Heights in Metres

Res

iden

tial

Mix

ed U

se

Residential Level 6 (High Density)

2.3

Max

imum

Bon

us (F

SR)

up to 1.0

up to 0.5

-

up to 1.0

Part of the Official Community Plan

Schedule ALand Use

This map forms part of and is integral to the Official CommunityPlan. Land use designations extend from property boundary tothe centerline of streets and lanes.

All residential development without maximum heights on this mapshall not exceed six storeys. For other uses, heights shall be regulatedthrough the Zoning Bylaw and in considering increases in building heights,attention will be given to view impacts, contextual relationships and thelivability or use of the buildings.


2.3

Harbourside Waterfront (Mixed Use)

2.05

Mixed Employment

up to 1.0

up to 0.5

up to 1.0

up to0.15

Adopted March 23, 2015Amended October 26, 2015

Amended July 11, 2016Amended November 21, 2016

Amended April 3, 2017Amended June 19, 2017

NOTES

Printed: 22.06.2017

Metres Approx. Storeys12-13 4 18-19 6 23-25 8 37 12 46 15 55-56 18 68 22 74 24


Special Study Area

SOURCE: City of North Vancouver

*It is the obligation of any prospective purchaser to confirm the allowable density with the City of North Vancouver.

P i t d 22 06 2017

Metres Approx. Storeys12-13 418-19 623-25 8

37 1246 15

55-56 1868 2274 24


F O R S A L E800 MARINE DRIVE

CITY OF NORTH VANCOUVER, BC

MARIO NEGRIS PERSONAL REAL ESTATE CORPORATION

EXECUTIVE VICE PRESIDENT URBAN PROPERTIES GROUP

+1 604 662 [email protected]

ALEX VASSOSSENIOR SALES ASSOCIATEINVESTMENT PROPERTIES


FOR ADDITIONAL INFORMATION PLEASE CONTACT LISTING AGENTS

CBRE Limited | 1021 West Hastings Street | Suite 2500 | Vancouver, BC | V6E 0C3

www.cbre.ca

This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained f rom third parties (the “Information”) has

not been verif ied by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE 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 f rom the market at any time without notice or obligation to the recipient f rom CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its aff iliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved.

Mapping Sources: Canadian Mapping Services [email protected]; DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth.

ADRIAN BERUSCHIPERSONAL REAL ESTATE CORPORATION

SENIOR VICE PRESIDENT URBAN PROPERTIES GROUP


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