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SMARTCENTRES CHILLIWACK MALL

REVITALIZATION PLAN INFORMATION SESSION

157 Properties across Canada

34M+ sf of Leasable Space

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

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, visitwww.smartcentres.com. EXISTING COMMERCIAL

EXISTING COMMERCIAL

• 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 expertise in the market

CHILLIWACK MALL REVITALIZATION PLAN HIGHLIGHTS

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

EXISTING AERIAL VIEW

PROPOSED PERSPECTIVE

EXISTINGEXISTING SIGNALIGNALLIZEDDEDZED ININTERSECNTERSECTIONTIONON

LLLLLLEXISEXEXISTXISTINNGNGNGGXIS SIGSIGNA SIG SIGNASIGNALNALNALNALILILLILIZED ZZEDZEZEOOOOOINTERSECINTERSECINTERSECTERSECEENTERSECERSECE TITIOTIOTIOOTTIOTIOONONOOONN

NNNN

0.822°° FFFFFFRRRRRROOOMM TRUE NN

SPORT CHEKEXISTING SHOPPING CENTRE WINNERS

VEDDER ROAD

LUCKAKUCK WAY

KNIGHT ROAD

SAFEWAY

• • 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

OFFICIAL COMMUNITY PLAN AND ZONING AMENDMENTS (2.63 ACRES)

SMARTCENTRES HAS SUBMITTED THE FOLLOWING APPLICATIONS TO THE CITY OF CHILLIWACK

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

• 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 PERMIT (SHOPPING CENTRE ZONE – C4)

• 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 VARIANCE PERMITS (SIGN BYLAW)

• Development Permit Application submitted for the commercial component • Development Permit Application for the residential component to be submitted at a later date

DEVELOPMENT PERMIT APPLICATION (COMMERCIAL)

EXISTING SIGNALIZED INTERSECTION

EXISTING SIGNALIZED INTERSECTION

6m ACCESS & SERVICE ROAD

(PROPOSED 6 STOREY BUILDING)6m + 0.75m PER STOREY = 8.25m BEYOND LEVEL 3

PROPOSED 6m SETBACK FROM GF TO ALL LEVEL ABOVE

8.25m REQUIRED SETBACK BEYOND LEVEL 3

12m

FRO

NT L

OT

LINE

SET

BACK

PRO

POSE

D 2m

SET

BACK

EXISTING PYLON SIGN

EXISTING PYLON SIGN

SRW PLAN 65775

SRW PLAN 15788

BUSINESS PREMISES SIGNPROPOSED COPY AREA: 59.27SMPROPOSED HEIGHT: 14.63mPROPOSED MESSAGING: 1st AND 3rd PARTY SIGNAGE

ZONING MAP AMENDMENT TO "LIQUOR STORE ZONE (C7)"PROPOSED LIQUOR STORE LOCATION: C2 - 6,285 SF

EIXSTING LIQUOR STORE TO BE RELOCATED TO C2 LOCATION

LEGENDPROPOSED BUILDINGS

EXISTING BUILDINGS

PROPOSED LIQUOR STORE

EXISTING LIQUOR STORE

PROPOSED SITE PLAN

WINNERS / HOMESENSESPORT CHEK

EXISTING LIQUOR STORE 6,285 SF

PROPOSED LIQUOR STORE

LUCKAKUCK WAY

BLDG3BLDG 2

• RESIDENTIAL PARCEL - 2.63 ACRES (1.07 HA)

• OCP AMENDMENT: GENERAL COMMERCIAL (CG) TO MEDIUM DENSITY RESIDENTIAL (RM)

• REZONING: SHOPPING CENTRE ZONE (C4) TO HIGH DENSITY MULTI-FAMILY RESIDENTIAL (R6)

BLDG B

BLDG C BLDG D BLDG E

BLDG ASAFEWAY

BLDG G

BLDG 1

PEDESTRIAN PATHPEDESTSTRIAN PAPATATH

PEDESTRIAN CROSSINGPEDESTSTRIAN CROSSING

LEGEND LEGENDD MAIN PEDESTRIAN CIRCULATIONMAIN PEDESTTRIAN CIRCULATIONSTRIAN CIRCULLATATION

DETAIL 01

DETAIL 02

DETAIL 03

FURNISHING

SAFEWAY

RESIDENTIAL

SPORT CHEK

WINNERS/ HOMESENSE

DETAIL 01

DETAIL 02

DETAIL 03

TOTAL NUMBER OF TREES174 EXISTING SITE PLAN237 PROPOSED SITE PLAN

N

0.82° FROM TRUE N

PROPOSED LANDSCAPE PLAN

PROPOSED PERSPECTIVE

PROPOSED PERSPECTIVE

EXISTING PYLON SIGN

EXISTING PYLON SIGN

PROPOSED BUILDING D - STREET VIEWPROPOSED BUILDING D

PROPOSED BUILDING C - STREET VIEWPROPOSED BUILDING C

PROPOSED BUILDING E - STREET VIEWPROPOSED BUILDING E

EXISTING PYLON SIGN

EXISTING PYLON SIGN

EXISTING PYLON SIGN

E

E

D

C

C

D

PROPOSED BUILDING F

EXISTING PYLON SIGN

F

PROPOSED BUILDING G

EXISTING PYLON SIGN

G

CONCEPTUAL SAFEWAY ELEVATION – SUBJECT TO CHANGE

EXISTING PYLON SIGN

SAFEWAY

CONCEPTUAL RESIDENTIAL ELEVATION – SUBJECT TO CHANGE

EXISTING PYLON SIGN

RESIDENTIAL

PROPOSED DEVELOPMENT TIMELINE - SUBJECT TO CHANGE

Plan, Rezoning and Development Variance

Permit Applications submitted to the City of

Chilliwack

Development Permit Application for the

commercial component submitted to the City of

Chilliwack

SmartCentres acquires Chilliwack Mall

Public Information Session

First and Second Reading of proposed bylaw

amendments

Public Hearing, Third Reading, and Fourth

Reading of the proposed bylaw amendments and

Development Permit Approval

Construction of three new retail buildings (Bldg.

C, D, and E) adjacent to Luckakuck Way and

existing tenant relocation

Demolition of the enclosed mall

Construction of one new retail building (Bldg. G)

adjacent to the residential lands

Construction of one new retail building (Bldg. B) adjacent to Luckakuck

Way

Construction begins on the residential lands (to be completed in phases)

April 2019

June 2019October 2017

July 2019 September 2019 November 2020 to April 2021

November 2021 to April 2022

January 2020 to October 2020

May 2021 to October 2021 May 2021August 2019

$

• 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.

WHY IS SMARTCENTRES REVITALIZING CHILLIWACK MALL?