Municipality of the District of LunenburgNova Scotia, Canada

Lunenburg County’s SignatureCommercial & Residential Development

OSPREY VILLAGEProperty Development Opportunity

Welcome from the MayorOSPREY VILLAGE

Property Development Opportunity

Osprey Village | Property Development Opportunity 1

Welcome to the Municipality of the District of Lunenburg. I am pleased to present to you the region’s most dynamic development opportunity.

Osprey Village is both an existing success story and an opportunity for the future. Our municipality welcomes the chance to work with business interests who share the same confidence - that, in the 21st century, we can build new communities in Lunenburg County with the same pride and success that has distinguished our community for over two hundred years.

As a commercial destination, Osprey Village has established and well-proven credentials. It is our vision to see continued growth in commercial activities, along with the successful introduction of mixed use developments that will help to secure the community’s attractiveness for many decades to come.

Osprey Village is already home to a number of national retailers. Investments by Wal-Mart, Canadian Tire, Boston Pizza, Harvey’s/Swiss Chalet and Staples have led the way for further business interests to take advantage of the opportunity. In the fall of 2010, we will celebrate the opening of a new Best Western Bridgewater Hotel & Convention Centre.

Beyond the evident commercial advantages, Osprey Village is also home to the region’s brand new P-12 French language school, École de la Rive-Sud. Alongside private investment has come strategic public investment in infrastructure that provides modern and well-managed services for citizens. Our municipality recognizes the strength to shape the direction of future development when business and government both work together.

From its coastal beaches to its inland waterways and lakes, residents of our municipality appreciate and respect the natural environment that surrounds our homes and businesses. While the south shore is world-renowned for its natural beauty, and welcomes visitors with open arms, communities in the municipality have proudly retained their distinctiveness and character. We work constructively with, and to support our neighbours. This culture of creating effective partnerships often extends beyond our boundaries to other local municipalities. We know our region prospers when we see each community grow and build; through new businesses, new families and new ideas taking root.

Osprey Village, located immediately off Highway 103 at Exit 12, is expected to become a signature development for the region. It is well- recognized as being the key to the overall success of our municipality. I welcome you to recognize and share in its potential and success. Our people are hard-working, well-educated and eager to learn; and rank as some of the most productive workforces in all of Canada.

Thank you for your interest. Please feel free to share your ideas of Osprey Village’s future with us.

Sincerely,Sincerely,

Don Downe Mayor

“Osprey Village is expected tobecome a signature development

for the region”

The MunicipalityOSPREY VILLAGE

Property Development Opportunity

Osprey Village | Property Development Opportunity 2

The District of Lunenburg (MODL) is the third-largest rural municipality in Nova Scotia and is considered one of the “hot spots” for development and growth in Nova Scotia; wrapping around three towns: Bridgewater, Lunenburg, and MahoneBay.

While the population in these towns isn’t huge, the concentration of people is high—and so there are shopping malls, restaurants, large manufacturing plants and big name franchise operations. Not surprisingly, the municipality has become the transportation, service and retail centre of Nova Scotia’s south shore.

Our economy is diverse because where we live is diverse. Residents enjoy an affordable cost-of-living and unbeatable quality of life. The mix of people and places makes our community the perfect place to work and do business. Miles of waterfront encourage tourism and recreation based business. Inland, our rural countryside encourages agriculture and independence.

Nova Scotia has the highest number of universities per capita in Canada. Our residents are within driving distance of six degree-granting institutions and the Lunenburg Campus of the Nova Scotia Community College. As a result, nearly one-fifth of our workers have a trades certificate, and one-third have post-secondary education ranging from college certificates to university degrees.

Within our municipality there are parks and trails, boating, a golf course and countless white-sand beaches to explore. And on our waterfront residents are building boats, operating marinas, running boats tours and fishing.

Residents of the Municipality of the District of Lunenburg have access to two nearby hospitals: South Shore Regional Hospital in Bridgewater and Fisherman’s Memorial Hospital in Lunenburg and New Germany and Area Medical Centre.

The Lunenburg County Lifestyle Centre is a $31.5 million facility

designed to promote community and individual health and

wellness through programming and carefully selected facility

components.

A partnership was forged between the Municipality of the District

of Lunenburg and the Town of Bridgewater to cost-share one third

($10.5 million) of the development. The centre will include:

• NHL-sized arena

• Aquatic facility

• Multi-purpose and active-living space

• Administration and general space

• Public library and administration space

The LocationOSPREY VILLAGE

Property Development Opportunity

Osprey Village | Property Development Opportunity 3

Significant retail clustering has occurred in the community of Cookville, bordering the Town of Bridgewater. SmartCentres properties and municipally owned and operated Osprey Village comprise a 220-acre commercial development that is strategically located near the Exit 12 interchange on Highway #103. In 2004, SmartCentres attracted key anchor tenants – Wal-Mart, Canadian Tire, Mark’s Work Wearhouse, Harvey’s / Swiss Chalet and Boston Pizza; quickly establishing a new retail and service hub for the region.

New tenants in 2009-10 include a Best Western Bridgewater Hotel & Convention Centre, Staples and P-12 French language school, École de la Rive-Sud. Based upon inquiries, growth is expected in new commercial developments with a push toward single and multiple housing units.

Businesses here have the advantage of being close to international shipping routes. We are within an hour of the deepest, ice-free port in North America—a major shipping route to Europe; and have access to a double-stack rail network that stretches across Canada and travels the Gulf coasts of North America.

Access to Osprey Village’s shops and services is fast and convenient. An abundance of free parking effortlessly accommodates large numbers of customer and delivery vehicles. The Trunk 10 highway was widened and entrances and exits have been designed to optimize traffic flows during busy periods. In fact investments of over $27 million have been made in water, sewage, road and other municipal infrastructure.

Access • Directly off Exit12, Highway #103• Major provincial east-west corridor• Connections to Trans Canada and highway systems across North America

Road: • Serviced by all major carriers, offering flatbed, commodity and container transportation and warehousing• Local and long-haul

Rail:• CN rail (Halifax) network extends across Canada, the U.S. and Mexico, with dockside access to major ports in North America• Fast InterModal service (Halifax) service to over 75% of the U.S population and all major Canadian markets. Air:• 90 minutes to international airport

Sea:• 100 kms to Port of Halifax, deepest, ice-free port in North America

“Osprey Village is a premier development opportunity in one of Nova Scotia’s fastest growing markets.”

Market Trading AreaOSPREY VILLAGE

Property Development Opportunity

Osprey Village | Property Development Opportunity 4

Primary Market Trading Area DemographicsPrimary Market Trading Area Demographics

Consumer trading area 65,000 +Per capita retail household spending $48,759 Percent of Cdn. average retail spending 284 % (2008 - FP Markets)

Family median income $52,732Family average income $63,134% of dwellings owned 82 %Average dwelling value $196,318

Major Communities in Primary Trading Area: Major Communities in Primary Trading Area:

District of Lunenburg 25,164District of Chester 10,741Town of Bridgewater 7,944 Town of Mahone Bay 904Town of Lunenburg 2,317Total: 47,070

Major Communities in Secondary Trading Area: Major Communities in Secondary Trading Area:

Region of Queens 11,177Middleton, Annapolis County 1,830Total: 13,007

Housing StartsHousing Starts 2009 2008 2007 2006

Dist. of Lunenburg 144 121 144 141Bridgewater 35 25 42 28Mahone Bay 2 4 7 36Chester 36 47 48 53

Labour Force:

Experienced labour force: 23,305Unemployment rate 8.3 % Unemployment rate (NS) 9.3 %Participation Rate 57 %Employment Rate 52 %

Major Regional Employers: Major Regional Employers: (est.)

Michelin 1200South Shore Regional Health 1100Bowater Mersey Paper Co. 450Resolve 375Composites Atlantic 348High Liner Foods 325HB Studios 130

Educated workforce

Trades certificate 13%College certificate or diploma 19 %University certificate or degree 21 %

General Tax Rate (per $100 of assessed value)

Commercial-regular $2.057

Sewer Rates

Cookville $0.758

OSPREY VILLAGEProperty Development Opportunity

Osprey Village | Property Development Opportunity | Property Development Opportunity 5

Osprey’s Advantages

Quality, planned developmentQuality, planned development

Stable, reliable and competitive electrical serviceStable, reliable and competitive electrical service

Regionally competitive utility and tax ratesRegionally competitive utility and tax rates

Affordable housing

Well-educated and loyal workforceWell-educated and loyal workforce

High quality of life means greater employee retentionHigh quality of life means greater employee retention

Single-source contact & support from municipal/ staff and councilSingle-source contact & support from municipal/ staff and council

Benefits of this location (Lot #T.B.A)

Favourable sight lines from entrances and connector highwayFavourable sight lines from entrances and connector highway

Loads of space for parkingLoads of space for parking

Excellent product delivery access Excellent product delivery access

Option to include / expand to additional lotsOption to include / expand to additional lots

Municipal water & sewerMunicipal water & sewer

Proposed roadway will connect the French immersion school and future retail, commercial and residential developmentProposed roadway will connect the French immersion school and future retail, commercial and residential development

Osprey AdvantageOsprey Advantage

OSPREY VILLAGEProperty Development Opportunity

Osprey Village | Property Development Opportunity 6

Zoning Map and Lot Sizes

Osprey Village | Property Development Opportunity 7

OSPREY VILLAGEProperty Development Opportunity

The Municipality of the District of Lunenburg is enjoying tremendous activity in retail, housing and commercial development.

As one of Nova Scotia’s fastest growing markets, we welcome you to discover why Osprey Village is the choice for major outlets such as Wal-Mart, Canadian Tire, Mark’s Work Wearhouse, Staples, Best Western Bridgewater Hotel & Convention Centre, Boston Pizza and Harvey’s / Swiss Chalet.

We strive to find ways to encourage business development within the Municipality.

Council and staff are committed to working with existing and prospective business owners to ensure that doing business in the municipality is a fair and rewarding endeavour for all concerned.

Together with our partners we’re ready to help. Let’s talk.

For more information, please contact:

Dave WatersEconomic Development OfficerMunicipality of the District of Lunenburg210 Aberdeen RoadBridgewaterNova ScotiaCanadaB4V 4G8

Tel: 902-541-1353Fax: 902-543-7123Cell: 902-521-5945

dwaters@modl.cawww.modl.ca