retail space for lease

westboro
connection
RETAIL
SPACE
FOR
LEASE
U P TO 3 2, 165 S F
A joint development by
IN THE HEART OF WESTBORO
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WESTBOROCONNECTION.COM
Westboro Connection is an exceptional
mixed-use development totalling 254,199
square feet of rentable area with 114,760
square feet of class “A” office space (LEED
Silver designed), 32,165 square feet of retail,
and 138 residential units.
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114,760 SF
CLASS “A” OFFICE
THE LARGEST
CONCENTRATION
OF CLASS ”A”
RETAIL SPACE IN
WESTBORO
Westboro Connection is located in the heart of Westboro, steps away from major
public transit routes, restaurants, shopping and recreation. The redevelopment of
McRae Avenue will have a significant impact on Westboro, creating a pedestrian
link from Westboro Station to Richmond Road.
”
138 UNIT
LUXURY APARTMENT
32,165 SF
PRIME RETAIL
CONNECT TO OTTAWA’S MOST
VIBRANT COMMUNITY
Westboro Connection is truly a unique development that is part of Westboro’s largest streetscape
redevelopment. As part of a multi-phase development, Westboro Connection will establish itself as
the main arterial connection from Richmond Road to Westboro Station. McRae Avenue will feature
the largest concentration of Class ”A” retail space in Westboro. With 20’ clear height and up to
32,165 contiguous square feet available, this truly is a unique opportunity.
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WESTBOROCONNECTION.COM
HIGHLIGHTS
LEASING INFORMATION
LOCATION
MCRAE AVENUE
Westboro Connection is situated on
one of the largest under developed
sites in Westboro, one of Ottawa’s
most vibrant communities. Moving
forward McRae Avenue will play a
vital role in Westboro’s future.
Westboro Connection is the first
phase of a major transformation
along McRae Avenue. Future phases
will consist of additional Class
”A” retail space and a mixture of
residential uses.
SPACE AVAILABLE
There are units available ranging from 1,834 to
32,165 square feet.
PROPERTY INFORMATION
LEASE RATES
Lease rates range from $26.00 per square foot to
$35.00 per square foot.
OPERATING COSTS
Operating costs are estimated to be $12.00 per
square foot for 2014, based on a study provided by
Altus.
SIGNAGE
In addition to the standard building signage, there is
also an opportunity for pylon signage.
OCCUPANCY
Projected occupancy in December 2015.
PARKING
There will be a minimum parking allocation of 2
per 1,000 square feet of retail during peak office
hours, with an increased parking ratio to 5 per 1,000
square feet during off-peak office hours (evenings,
weekends and office holidays).
ACCESSIBILITY
BUILDING AMENITIES
Westboro Connection is located only
200 metres away from the Westboro
Station, a future LRT station. There is
excellent access via car, public transit
or one of the many pedestrian paths
in the immediate area.
Westboro Connection will set a new
standard in retail design in Westboro.
Featuring 20’ ceilings, ample parking
and two loading docks, the building
was designed to meet the needs of a
wide range of retail tenants.
BUILDING STATISTICS
Address
319 McRae Avenue, Ottawa, Ontario
Site Size
64,532 square feet
Retail SF
33,691 square feet
Available Retail SF Up to 32,165 square feet
Office SF
114,760 (approx. 500 employees)
Residential Units
138 (approx. 200 residents)
Zoning
GM[1674] General Mixed-Use Zone
Elevators
Dedicated retail elevator and staircase
Security
Secure building and garage with
controlled card access readers
HVAC
2 central air handling unit systems with
partial redundancy
Life Safety
Monitored fire alarm and fully
sprinklered
Column Grid
30’ x 30’
Storage
Secure storage room/lockers
Parking Ratio
2 per 1,000 SF (minimum)
5 per 1,000 SF (maximum)
Floor Plate
18,850 square feet (average)
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WESTBOROCONNECTION.COM
LOCATION
We s t b o r o Tr a n s i t S t a t i o n
Q -West Condo/R etail D evelopment
Real Canadian Superstore
Gezellig Restaurant
The Savoy Restaurant
Juniper Wine Bar
7 . Tr i o R e s t a u r a n t
8 . LC B O
9. Fratelli Restaurant
10. Lululemon
1 1 . Tr a i l h e a d
12. Bushtukah
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Westboro has become one of Ottawa’s most vibrant neighbourhoods. With its proximity to the downtown
core, combined with its amazing selection of retailers and quality restaurants, Westboro has an exceptional
quality of life for residents, businesses and their employees. The Westboro retail market has transformed
over the past 15 years, with both local and national tenants being attracted to the demographics in the
area. Westboro Connection provides a unique retail opportunity, featuring a contiguous floor plate in
excess of 35,000 square feet, making it an extremely rare offering in Westboro.
PUBLIC TRANSPORATION
ACCESS TO CUSTOMERS
Westboro Station is located approximately
200 meters from the site with access to the
City’s major transit routes. Tunney’s Station is
located nearby and will be a major LRT station
expected for completion in 2018. This presents
an opportunity to attract customers from
across Ottawa. McRae Avenue is designated as
the pedestrian link from Westboro Station to
Richmond Road.
Located approximately 5.9km from Parliament
Hill, Westboro Connection can be easily accessed
from all points in Ottawa. In addition to excellent
access to public transit, the site can be accessed
by vehicle, using a number of arterial routes, which
provide alternatives during peak traffic periods.
WESTBORO
DEVELOPMENT
NEARBY AMENITIES
ACCESS TO GATINEAU
Condo development has been the focus along
Richmond Road and Wellington Street West, as
developers have been capitalizing on the strong
demand from residents.
Whether it is boutique retail shops, quality
restaurants, parks or recreational activies,
Westboro Connection is located in the heart of
Westboro with access to all of its outstanding
amenities.
Located steps from the Ottawa river, downtown
Gatineau is conveniently accessed by one of four
major bridges to Quebec. Westboro Connection is
an excellent opportunity to expand your customer
base into the Gatineau region.
There are currently 6 projects in various stages
of development, adding 673 units to the market
by 2016. Additionally, 16 projects have zoning
applications filed with the City of Ottawa, which
could add an additional 3,030 units to the area.
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WESTBOROCONNECTION.COM
PROJECT RENDERINGS
SITE PLAN
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WESTBOROCONNECTION.COM
OPTION D
UNIT 4 UNIT 3
2,007 SF 1,945 SF
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WESTBOROCONNECTION.COM
DEMOGRAPHICS
DEVELOPMENT TEAM
WESTBORO CONNEC TION
(0 - 3 KM)
C I T Y O F O T TA W A
D E M O G R A P H I C I N F O R M AT I O N
2 0 1 3 P O P U L AT I O N
60,121
953,589
2 0 1 3 T O TA L H O U S E H O L D S
28,831
386,287
$2,742,045,099
$41,424,096,836
A G G R E G AT E H O U S E H O L D I N C O M E
C O N S U M E R S P E N D I N G I N F O R M AT I O N
EXPENDITURE
PER
HOUSEHOLD
(000’S)
T O TA L
EXPENDITURE
EXPENDITURE
PER
HOUSEHOLD
(000’S)
T O TA L
EXPENDITURE
FOOD PURCHASED FROM STORES
$9,135
$263,376
$6,910
$2,669,205
F O O D P U R C H A S E D F R O M R E S TA U R A N T S
$6,463
$186,341
$2,497
$964,398
P R I N C I PA L A C C O M M O D AT I O N
$17,417
$502,141
$18,996
$7,338,022
P R O P E R T Y TA X E S
$1,7,46
$50,325
$2,283
$881,898
$383
$11,041
$488
$188,438
HOUSEHOLD FURNISHING
$2,532
$72,990
$1,803
$696,568
FURNITURE
$1,067
$30,789
$1,207
$466,227
WOMEN'S AND GIRLS (4+)
$2,238
$64,519
$2,478
$957,316
MEN'S AND BOYS (4+)
$1,369
$39,465
$1,509
$582,876
$125
$3,616
$143
$55,313
FOOD
S H E LT E R
R E PA I R S A N D M A I N T E N A N C E
HOUSEHOLD FURNITURE & EQUIPMENT
Colonnade BridgePort is a full service real estate company with more than 5 million square
feet of space under management in Ottawa. For more information visit
www.colonnadebridgeport.com
FIERA PROPERTIES
Fiera Properties is a Canadian real estate investment management company that
provides direct real estate investment opportunities to institutional investors,
foundation and endowment clients, and high net worth investors. For more
information visit www.fieraproperties.com.
BROCCOLINI CONSTRUCTION
CLOTHING
CHILDREN'S WEAR
COLONNADE BRIDGEPORT
Broccolini is a single-source provider of construction, development and real-estate
services for the industrial, commercial and industrial markets. For more information
visit www.broccolini.com.
RODERICK LAHEY ARCHITECTS INC.
T R A N S P O R TAT I O N
P R I V AT E T R A N S P O R TAT I O N
$8,674
$250,080
$11,345
$4,382,582
P U B L I C T R A N S P O R TAT I O N
$1,701
$49,040
$1,602
$618,958
R E C R E AT I O N S E R V I C E S
$1,302
$37,534
$2,416
$933,227
R E C R E AT I O N V E H I C L E S
$1,009
$29,083
$1,130
$436,411
E N T E R TA I N M E N T
$1,130
$32,585
$1,158
$447,300
R E C R E AT I O N A N D E N T E R TA I N M E N T
Roderick Lahey Architects Inc. focuses on urban architecture and design for
residential, commercial and institutional developments. For more information
visit www.rodericklahey.ca.
THE
”
LARGEST
CONCENTRATION OF
CLASS ”A” RETAIL SPACE
”
INWESTBORO
westboro
connection
W W W. W E S T B O R O CO N N E C T I O N . CO M
FOR MORE INFORMATION CONTACT:
COLONNADE BRIDGEPORT REALTY INC., BROKERAGE
Fraser Paddison
P 613 225 8118
fpaddison@colonnade.ca