Sept. 20, 2010
Strathcona UpdateStrathcona Update
Agenda
Who we are
Where we work
Recent Projects
New Projects 2010
NE Anthony Henday Plans County Roads
Alberta Industrial Heartland Updates
By the Numbers:
Population Growth 09
• Sherwood Park 61,660
• Rural Strathcona 26,338
• Total census 87,998
• Sherwood Park 3.8%
• Rural Strathcona 0.9%
• Total 2.9%
• Since 2006 6.7%
• Since 2001 22.2%
Stats Canada 2006
• Median age 37.8
• Median family income $102,004
• Average family income $109,770
• 55.3% some post secondary education
• Average house price August 2010 MLS $389,760*
Source: Edmonton Real Estate Board
Average Household Income Capital Region
Change in Population Capital Region
University Degree Capital Region
Who are we?
Who are we?
Who are we?
Who are we?
Where do we work?
Where do we work?
Stony Plain
Spruce Grove
Parkland County
4,370Total 2006 Workforce
47,515
21,245
9,180
Beaumont, Leduc, Leduc County, Devon, Millet, Wetaskiwin
Fort Saskatchewan, Redwater, Gibbons, St. Albert, Sturgeon County, Morinville, Legal
City of EdmontonStrathcona County
12,285 live & work
1,465130
715570
1,735
525
Workforce Exchange
Total 2006 Local Jobs
31,365
050,000
100,000150,000200,000250,000300,000350,000400,000450,000500,000550,000600,000650,000700,000750,000800,000850,000
2005 2006 2007 2008 2009
Valu
e in
Mill
ions
Ind/CommResidential
Strathcona County Building Permits Issued to December 2009
$380.7
$841.0
$428.5
$290 $338.1
050,000
100,000150,000200,000250,000300,000350,000400,000450,000500,000550,000600,000650,000700,000750,000800,000
2006 2007 2008 2009 2010
Valu
e in
Mill
ions
Ind/CommResidential
Strathcona County Building Permits Issued to August
$758.7
$286.5
$208.3$227.9 $271.0
Building Permits Issued Aug -2010
Residential building permits $145,505,211
Industrial/commercial New Buildings
$125,059,03890
Single detached dwelling 359
Mobile homesSemi Detached
878
Rowhousing 49
Apartments 0
Total construction $271,053,274
Strathcona Indicators
Residential Housing MLS
Commercial/Industrial Real Estate – Colliers 2nd
Quarter Report - Office vacancy up to 14.89% (One building 60,000 sq.ft.) including sublease 17.25% (Newman College space)
Industrial Vacancy 0.26%
Retail Sales - Down 2% YTD
Size of Universe
Office Space 4,025,800 sq.ft.
Multi Tenant 1,214,566 sq.ft.
Self Storage 191,800 sq.ft.
Single User 1,000,000 sq.ft.
Retail Space 1,169,212 sq.ft.
Source: Colliers Q-4 and CBR Retail Update Jan 2010
New retail growth – Shoppers Drug Mart 2, Rexall Drugs 2, Save On Foods, Servus Credit Union, RBC, Rona (2010)
Population growth - 2.9% YTY
Building Permits Issued same as last year $ volume up
Unemployment Rates – Static
Strathcona Indicators – cont’d.
455.9434.7
443.9 440.2422.4 424.1
402.6389.7
0 0 0 0220
320
420
520
$ Th
ousa
nds
J F M A M J J A S O N D
MedianAverageEdmonton
Average House Price Sherwood Park 2010
Retail Sales Alberta vs Canada
Low Retail Vacancy
Lowest Retail
Vacancy Rates in the
region (1.9%)
Source CBRE -4th quarter 2009
Retail Floor Space Per Person
(population / total square footage)
Edmonton 32.04
St. Albert 27.76
Strathcona County 13.28
1,169,212 square feet of retail space in Strathcona County
• Trans America• Salisbury Village• Emerald Hills• Sherwood Ford• Strathallen Redevelopment
• Hospital
• Centre in the Park• Community Centre• Summerwood Retail Bay
• Laurin Industrial• Synergy Wellness Centre
New Projects 2010
Strathallen Redevelopment
Bro
adm
oore
Blv
d
Baseline Road
Millennium Ridge
Salisbury Village – Phase 2
Emerald Hills Current Construction
Future Projects
Cambrian Crossing- Land Use concept
Cambrian Crossing
Emerald Hills Retail
August 2010 Pending deals
Lakeland Dr.
Sherwood Dr.
Broadmoor Blvd.
Sherwood Ford Dealership
Main Floor Plan
Current Progress
LibraryFamily Social Services Second Floor
Community CentreDesign
• Total area of main floor approx 81,000 ft2
• Approx 400 underground heated parking stalls
• Library (2 floors)• Admin Office space (2nd & 3rd Floors)• Meeting Rooms • Public Gathering & Event space• Commercial / Retail Units • Council Chambers
Components
New Council Chambers
Summerwood Retail Project – Lakeland Drive and Clover Bar Road
Save On Foods, TD Canada Trust, Shoppers Drug Mart, BMO
Latest Retail Update
First Capital Projects: Wye Road
Expansion for London Drugs, Shoppers Drug Mart, Twisted Yogurt, Dollorama, Salvatore's, K-Lee Boutique
New for 2010- Two new concept restaurants and new retail Sherwin Williams Paint
First Capital Project Wye Road
Two new restaurants: 2011
Wild Wings
Five Guys Burgers and Fries
Synergy Wellness Centre
14 doctors signed up with Medical Imaging and other opportunities
Synergy Pharmacy, Dermatology Clinic, Audiology Clinic, Dental Clinic
Strathcona Community Hospital
Construction Schedule • Grade beams start late September 2010
• Structural Steel starts late October
• Building envelope starts March 2011
• Fit-Out starts Fall 2011
• Estimated completion, turnover late 2012, projected opening 2013
Hospital is being built to achieve Leadership in Energy and Environmental Design (LEED) Silver Certification
Laurin Industrial AreaList pricing from $375,000 per acre to $525,000 per acre
NE Anthony Henday Planning
Scotford Upgrader
Projected Capacity 280,000 bpd
Current Capacity155,000 bdp – 2006
Phase 1 100,000 bpd- 2010 Future PhaseUnder ReviewPeak Construction Labor Force6000
Operating Labor (1st Phase)175+
Projected Capital$12.8 Billion including mine in Ft. McMurray
Expansion One
Shell Chemicals
Shell RefineryShell Upgrader
Construction storage
Scotford Upgrader Expansion 2Projected Capacity 400,000 Under Review
Phase 4100,000 –Phase 5100,000 –Phase 6100,000Phase 7100,000 –Two Gasifiers
Peak Construction Labor Force3800
Operating Labor(Final) 1,438Projected Capital$27 Billion
Total E&P Canada Ltd.
Projected Capacity295,000 bpd
Phase One 150,00 bpd2013/2014 subject to final approval and market conditions
Phase Two 95,000 bpdDE Bottle necking50,000 bpd
Peak Construction Labor Force4,000
Operating Labor (1st Phase)400
Projected Capital$10 billion +
ERCB Approval Sept. 2010
Other Heartland Projects:
Keyara Condensate Pipeline Enhance Energy CO2 Pipeline Shell Quest CO2 Pipeline Federal Power Combustion Unit MEG Energy Purchase of Stonefell Terminal BP/Value Creation Partnership Linear Pipeline Corridors Josephburg Aerodrome Potable Water Supply Josephurg
Approved by council over 3 years
1. Ardrossan Recreation Centre Reinvestment
2. Broadmoor Arena and Clubhouse Reinvestment
3. Millennium Place revitalization
4. Glen Allen Recreation Centre redevelopment
Ardrossan Recreation Centre Reinvestment
DRY SURFACEAddition of classrooms for preschool & childcare
DRY SURFACERepurpose existing gymnasium creating two floorsMain floor adds program space
DRY SURFACE
Youth activity centre increases opportunities for ages 8-18 years
Gymnasium capacity doubles
ICE
Leisure ice doubles in size
Conference Board of Canada Update Province by province, the board forecasts:
Alberta will grow at 3.3% in 2010 Ontario will grow at 3.8%
B.C. will grow at 2.8%
Saskatchewan's economy will power ahead at 3.5%
Manitoba growth projected at 2.2%
Quebec will grow more than 2.6%
Newfoundland and Labrador will deliver growth of 2.4%
Nova Scotia's economy will grow by 2.2%
Prince Edward Island's economy expected increase is 2.2%
New Brunswick's growth will be limited to 1.8%
For further information:
Gerry Gabinet, Manager Economic Development and Tourism [email protected]
or
Randy Richards, Coordinator Commercial [email protected]
Jordan Rumhor, Coordinator Industrial [email protected]
“Knowledge is Power”Francis Bacon
Sources of Information:
Chamber, EDT, Corporate Planning, EEDC
RBC, Scotia Bank, ATB, CIBC, BMO, Servus
Michael Roppelt, Remax
Conference Board of Canada, CMHC, Colliers, Cushman Wakefield, Trans America, Strathcona Commercial, Corporate Planning, RPC
Lorenz Team, ERB, RPC, EEDC
Millier Dickenson Blais Inc CRB Report
Thank you for your attention!
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