BRIDGEPORT ROAD, RICHMOND · IMAGE FOR MARKETING PURPOSES ONLY: UNITS ARE IN METERS. SITE DETAILS ....
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8260, 8280, 8300 BRIDGEPORT ROAD, RICHMOND David Ho Personal Real Estate Corporation Senior Vice President 604 662 5168 [email protected] Steve Brooke Personal Real Estate Corporation Vice President 604 662 5147 [email protected] Joel Barnett Personal Real Estate Corporation Senior Vice President 604 662 5570 [email protected] Adam Xu Sales Associate 604 662 5196 [email protected] FOR SALE: HIGH EXPOSURE CORNER ORIENTED HOTEL & OFFICE DEVELOPMENT SITE Sea Island Way River Road No.3 Road Canada Line SkyTrain Bridgeport Road
Transcript of BRIDGEPORT ROAD, RICHMOND · IMAGE FOR MARKETING PURPOSES ONLY: UNITS ARE IN METERS. SITE DETAILS ....
8260, 8280, 8300BRIDGEPORT ROAD, RICHMOND
David HoPersonal Real Estate CorporationSenior Vice President604 662 5168 [email protected]
Steve BrookePersonal Real Estate CorporationVice President604 662 5147 [email protected]
Joel BarnettPersonal Real Estate CorporationSenior Vice President604 662 5570 [email protected]
Adam XuSales Associate604 662 5196 [email protected]
FOR SALE: HIGH EXPOSURE CORNER ORIENTED HOTEL & OFFICE DEVELOPMENT SITE
Sea Island Way
River Road
No.3 Road
Canada Line SkyTrain
Bridgeport Road
SALES MEMORANDUMCBRE Limited is pleased to present the opportunity to acquire 8260, 8280 & 8300
Bridgeport Road, Richmond, B.C. (The “Property”). The three parcels combine for a
27,131 sq. ft corner oriented site on Bridgeport Road overlooking the scenic Fraser
River. The Property is ideally located in the heart of Richmond’s growing business
district, just 5 minutes from YVR International Airport and 15 minutes to Vancouver.
The Property is in close proximity to public transportation via the Canada Line
SkyTrain and will benefit from the numerous upcoming comercial and residential
developments nearby.
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 from third parties (the “Information”) has not been verified 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 from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated 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.
Bridgeport Road
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Sea Island Way
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8260, 8280, 8300BRIDGEPORT ROAD, RICHMOND DEVELOPMENT SITE FOR SALE
DEVELOPMENT
• 27,131 sq.ft. site zoned for 3.0 FSR hotel/office development, up to 35 m (10 storey)
• The City of Richmond is open to allow flexibility in density allocation between office and hotel
• Rare corner site with 157 sq. ft. on Bridgeport and 140 sq. ft. along River Road, allowing flexible vehicle access
• Unobstructed water-view
• Limited road dedication required on Bridgeport
CIVIC ADDRESS8260, 8280 & 8300 Bridgeport Road, Richmond, B.C
LEGAL DESCRIPTION
PL 71920 LT A BLK 5N LD 36 SEC 28 RNG 6W PL 71920 LT B BLK 5N LD 36 SEC 28 RNG 6W PL LMP48700 LT 1 BLK 5N LD 36 SEC 28 RNG 6W
PARCEL IDENTIFICATION NUMBERS004-274-032, 004-274-059, 024-947-954
SITE SIZE 27,131 sq.ft.
ZONING126
OFFICIAL COMMUNITY PLAN AREARichmond City Centre OCP:Bridgeport Village
DEVELOPMENT POTENTIAL
3.0 FSR, Including
Village Centre Bonus: 1.0 FSR for
the provision office uses
CITY OF RICHMOND PERMITTED BUILD HEIGHT
35M / 10 STOREYIMAGE FOR MARKETING
PURPOSES ONLY:
UNITS ARE IN METERS
SITE DETAILS
LOCATIONDEMOGRAPHICSThe Bridgeport Village is planned for predominantly medium-density, mid- and high-rise, business, entertainment, hospitality, arts, and transportation hub uses. Thus many developers have already purchased land in this area and preparing for new developments. These developers include International Trade Center, New Continental, Yuan Heng, Concord Pacific and Pinnacle. All these future commercial, mixed-use or residential use developments are along No.3 Road and Sea Island Way. Most of the residential developments have started pre-selling with favourable outcomes of approximately 82% of the units already sold.
ESTIMATED ANNUAL YVR PASSENGERS IN 2027
33.4 MILLIONESTIMATED 2021 EMPLOYMENT (163,020)
+30%VALUE OF NEW DEVELOPMENT PROPOSED FOR RICHMOND
$4 BILLION
OCCUPANCY RATE (2015) (WHAT CATAGORY ?)
80%
NEW HOTEL SUPPLY IN LAST 5 YEARS
0%Y.O.Y GROWTH ON REVENUE PER AVAILABLE ROOM
10%OCCUPIED HOTEL ROOMS MARKET
1.5 MILLIONRICHMOND POPULATION INCREASE BY 2021
+19%DAILY BRIDGEPORT ROAD VEHICLE TRAFFIC
26,508
PUBLIC TRANSPORTATIONThe subject property is located on No.3 Road, the major arterial in Richmond thus the location has easy access to most major centers in Metro Vancouver. The Bridgeport Canada Line Station is only 550 metres away, connecting the project and Downtown Vancouver (20 minutes), YVR International Airport (8 minutes), and Richmond Centre (7 minutes). The Millennium Line and the Expo Line can be transferred at the Waterfront Canada Line Station for further access to Metro Vancouver. Pedestrians have access to four bus lines including 403 from Bridgeport Road to Riverport Recreation Complex, 407 from Bridgeport to Gilbert, C92 from Bridgeport to Sea Island south and N10 from Downtown to Richmond. And there are two major roads, Bridgeport Road and Highway 99 (20 minutes to Downtown Vancouver and 35 minutes to Blaine, Washington, USA), near the site.
CANADA LINE SKYTRAIN TRAVEL TIMES
Downtown Vancouver(Vancouver City Centre Station)
8 MIN
5 MIN
YVR International Airport
Subject PropertyDevelopment Site
Vancouver Mainland (Oakridge 41st Station)
River Rock Casino & Resort(Templeton Station)
Richmond Centre Shopping(Richmond Brighouse Station)
7 MIN
12 MIN
20 MIN
1. McArthurGlen Designer Outlet2. River Rock Casino Resort3. The Westin Wall Centre4. Future Development5. Duck Island Future Development6. Yaohan Centre
7. Aberdeen Centre8. Aberdeen Square9. Pinnacle Living at Capstan Village10. Concord Gardens11. Radisson Hotel Vancouver Airport
AMENITIESClose proximity to Vancouver International Airport (YVR), Downtown Vancouver and Canada Line SkyTrain combine to provide an excellent location for travelling guests and corporate offices.
The Bridgeport Village provides numerous amenities nearby. The McArthurGlen Outlet mall, and Costo, is only minutes away from the subject. Husky Gas Station also locates at the intersection of Bridgeport Road and Great Canadian Way. If you are looking for entertainment, the Richmond Night Market, River Rock Casino & Resort and Vancouver Marina can meet any kinds of needs. There are several cafes and restaurants including International brand-names such as Starbucks and Burger King. The area is also well-known for car services and rental including Discount Car & Truck Rentals, Richmond Auto Car Wash & Spa, Juan’s Auto Service, Enterprise Rent-A-Car and Brighouse Auto Electric Services.
The data has been sourced from BC Stats, City of Richmond’s Official Community Plan, and Urban Future’s Community-Level Projections of Population, Housing, & Employment Report for the City of Richmond dated May 2010
1 25
34
9
116 10
8 7
NEARBY ATTRACTIONSRiver Rock Casino is the largest casino in the province of British Columbia. The casino is owned by Great Canadian Gaming. There is a total of 396 rooms, including standard rooms and suites and it is situated on the river with a 144-berth marina. Every year, River Rock Casino Resort together with its 1,300 employees provides support to the Richmond community through volunteering services, in-kind donations or financial contributions. Some of the charitable organizations that River Rock has supported are:Richmond Family Place, BC Children’s Hospital Foundation, Richmond Food Bank, Richmond Society for Community Living, Richmond Chinese Community Society, and Volunteer Richmond Information Services. In 2013, the City of Richmond received $17.6 million from the River Rock CasinoResort in host local government payments and since River Rock’s inception, the city has received $113.9million.
The Richmond Night Market is an annual night market held through the summer months in Richmond. It runs on weekends and is held near Bridgeport Station and River Rock Casino. This great summer event was first held in 2000 at the Continental Centre. By 2003, it was moved to Lansdowne Centre to accommodate its growth. As attendance continued to increase, it moved again to the present site of the River Rock Casino Resort and finally to River Road. Over 30,000 people visit the night market each night. At its peak, the Richmond Night Market had over 400 booths selling mostly Asian cuisine, merchandise, and entertainment. The merchandise sold at the night market is of a lower price point than traditional retail stores and primarily imported from Asia.
Yaohan Centre is one of the earliest Asian Malls developed in Richmond, B.C. Yaohan Centre still shares the popularity of Richmond for detail destination while maintaining its uniqueness in up class shopping. Much more than a mall, the Centre is a place where you can have lots of fun with friends and family. They offer a wealth of products and services including fine fashions, souvenirs, gifts, oriental arts & crafts, paintings, herbal health food, toys and so on at thecustomers’ convenience.
Open since July 2015, McArthurGlen Designer Outlet Vancouver Airport is the first designer outlet in the Vancouver metropolitan area. It brings a genuinely new luxury outlet concept with their signature attention to detail, highquality standards, and exclusive luxury and designer brand mix. Located 3 minutes from Vancouver International Airport and 20 minutes from Downtown Vancouver, the centre will draw from nearly 3 million residents, 9 million annual tourists and the 18 million passengers who pass through Vancouver’s International airport each year.
Aberdeen Centre, a creation of a first truly Asian shopping experience in the Lower Mainland, is located in the Golden Village district on Hazelbridge Way, bordered by Cambie Road to the North. The original Aberdeen Centre was built in 1989. As new Asian malls such as Yaohan Centre and President Plaza opened, the original Aberdeen was too small to compete and was demolished in 2001, reopened in 2003, about three times the original mall’s size.
RIVER ROCK CASINO
RICHMOND NIGHT MARKET
MCARTHUR GLEN DESIGNER OUTLET
ABERDEEN SHOPPING CENTRE
YAOHAN CENTRE
5 MINUTES
5 MINUTES
5 MINUTES
10 MINUTES
10 MINUTES
RELEVANT PROJECTSCONCORD GARDENS
8800-8888 Patterson Road
Total Units: 636 Units
Average Size: 740 Sq.Ft.
Average Price Per Sq.Ft.: $573.64
PINNACLE
3333 Sexsmith Way
Total Units: 448 Units
Average Size: TBD
Average Price Per Sq.Ft.: TBD
AVANTI
8311 Cambie Street
Total Units: 227 Units
Average Size: TBD
Average Price Per Sq.Ft.: TBD
PARC RIVIERA
10033 River Drive
Total Units: 226 Units
Average Size: TBD
Average Price Per Sq.Ft.: TBD
MAYFAIR PLACE
9399 Odlin Place
Total Units: 356 Units
Average Size: 871 Sq.Ft.
Average Price Per Sq.Ft.: $450
REMY
4133 Stolberg Street
Total Units: 251 Units
Average Size: 616 Sq.Ft.
Average Price Per Sq.Ft. :$420
OMEGA
9388 Oldin Road
Total Units: 245 Units
Average Size: 787 Sq.Ft.
Average Price Per Sq.Ft. :$432
PRICING INFORMATION
PRICING
Please contact listing agents for pricing information
Best Western
SEA ISLAND WAY
GREA
T CAN
ADIA
N WA
Y
NO. 3 ROAD
SEXS
MITH
ROAD
DOUGLAS STREET
CHARLES STREET
8 MINUTES TO VANCOUVER INT’L AIRPORT
Bridgeport Station
7 MINUTES TO RICHMOND CENTRE
BECKWITH ROAD
BRIDGEPORT ROAD
5 MINUTES TO VANCOUVER INT’L AIRPORT
15 MINUTES TO DOWNTOWN VANCOUVER
COSTCO
HIGHWAY 9935 MINUTES TO BLAINE, WASHINGTON, USA
20 MINUTES TO DOWNTOWN VANCOUVER
CANADA LINE
SUBJECT
Richmond Night Market
River Rock Casino & Resort
Yuan Heng - Future Mixed-Use Development Site
Days Inn
Hampton Inn
Concord Pacific - Mixed-Use Development
Site
Pinnacle - Residential Site
Richmond Liquor Store
Burger King
Starbucks
For Real Foodmart
Boathouse
Restaurant
Vancouver
Marina
Enterprise Rent-A-Car
Holid
ay In
n
International Trade Centre - Commercial Development
New Continental - Commercial Development
Husky Gas Station
CIVIC ADDRESS8260, 8280 & 8300 Bridgeport Road,
Richmond, B.C
LEGAL DESCRIPTIONPL 71920 LT A BLK 5N LD 36 SEC 28 RNG 6W PL 71920 LT B BLK 5N LD 36 SEC 28 RNG 6W
PL LMP48700 LT 1 BLK 5N LD 36 SEC 28 RNG 6W
PIDS004-274-032, 004-274-059, 024-947-954
SITE SIZE 27,131 sq.ft.
ZONING126
OCPRichmond City Centre OCP
Bridgeport Village
DEVELOPMENT SITE DENSITY3.0
Including Village Centre Bonus: 1.0 for
the provision office uses
PRICEContact agents for pricing details
8260, 8280, 8300BRIDGEPORT ROAD, RICHMOND DEVELOPMENT SITE FOR SALE
8260, 8280, 8300BRIDGEPORT ROAD, RICHMOND
David HoPersonal Real Estate CorporationSenior Vice President604 662 5168 [email protected]
Steve BrookePersonal Real Estate CorporationVice President604 662 5147 [email protected]
Joel BarnettPersonal Real Estate CorporationSenior Vice President604 662 5570 [email protected]
Adam XuSales Associate604 662 5196 [email protected]
Sea Island Way
River Road
Vancouver
YVR Intermational Airport
Canada Line SkyTrain
No.3 Road
Bridgeport Road
FOR SALE: HIGH EXPOSURE CORNER ORIENTED HOTEL & OFFICE DEVELOPMENT SITE
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 from third parties (the “Information”) has not been verified 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 from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated 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.
