2010 UniverCity Year End Report

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2010 UniverCity Year End Report


<ul><li><p>AltitudeSUSTAINABLE LIVING ON BURNABY MOUNTAIN 2010 YEAR-END REPORT</p></li><li><p>SFU Community Trust Board of Directors</p><p>David Gillanders, QC Board Chair and Associate Counsel Farris, Vaughan, Wills &amp; Murphy LLP</p><p>Gordon Harris, FCIP President and CEO SFU Community Trust</p><p>Dr. Robert Anderson Professor School of Communication Simon Fraser University </p><p>Jane Bird President and CEO Columbia Power Corporation </p><p>Cathy Daminato Vice-President University Advancement and Alumni Engagement Simon Fraser University</p><p>Lee Gavel Chief Facilities Officer / University Architect Simon Fraser University</p><p>Anne Giardini, QC President Weyerhaeuser Company Ltd. </p><p>Dr. Patricia Hibbitts Vice-President Finance and Administration Simon Fraser University</p><p>Barry Macdonald, FCA Partner PricewaterhouseCoopers LLP </p><p>Howard Nemtin President Nemtin Consultants Ltd.</p><p>Ravi Patel Student Senator Simon Fraser University </p><p>Dr. Mark Roseland, MCIP Director Centre For Sustainable Community Development / Professor, Department of Geography Simon Fraser University</p><p>Brian Taylor Partner Bull, Housser &amp; Tupper LLP</p><p>Allan Waisman President Intercon Capital Inc. </p><p>Bruno Wall President Wall Financial Corporation</p><p>SFU Community Trust Staff</p><p>Gordon Harris President and CEO</p><p>Jonathan Tinney Director of Community Development </p><p>Suzan Fairfield Controller </p><p>Dale Mikkelsen Manager of Planning and Sustainability </p><p>Nicole Young Executive Assistant / Manager of Office Administration</p><p>Jesse Galicz Planning Analyst</p><p>Pansy Hui Community Relations Assistant</p><p>Cheryl Stronach Administrative Assistant</p><p>Contact</p><p>SFU Community Trust Suite 150 8960 University High Street Burnaby, BC V5A 4Y6</p><p>604.291.3000 info@univercity.ca www.univercity.ca</p><p>TABLE OF CONTENTS</p><p>2 MESSAGE FROM THE PRESIDENT AND CEO</p><p>4 A WATERSHED YEAR FOR UNIVERCITY LOOKING BACK &amp; MOVING FORWARD</p><p>10 LIFE AT UNIVERCITY </p><p>12 SMILES, BELLS, MUSIC: UNIVERCITY HIGHLANDS ELEMENTARY SCHOOL IS OFFICIALLY OPEN</p><p>15 BUILDING THE PERFECT CHILDCARE</p><p>18 THE HIGH STREET OFFERS VARIETY AND SERVICE AT THE HEART OF UNIVERCITY</p><p>21 UNIVERCITYS FARMERS MARKET FINDS A NEW WAY TO BRING LOCAL FOOD OPTIONS EVEN CLOSER TO HOME </p><p>24 A BACK YARD LIKE NO OTHER</p><p>26 SFU COMMUNITY TRUST</p><p>Above: Entrance to UniverCity </p></li><li><p>It would have been a bit optimistic to imagine in January of 2010 that the SFU Community Trust would enjoy the success that it did during this last year. Facing a still-uncertain market as the region began to emerge from the economic downturn, we set out in 2010 to anticipate challenges, but also to position ourselves for a return to growth. Looking back, I am proud to see how well that strategy succeeded. We could not have been better prepared to take advantage of 2010s improving market conditions.</p><p>We also made our own luck by keeping major commitments that helped maintain development momentum and built confidence in the UniverCity vision. Most obvious in this category were two projects critical to the sustainability and livability of this community. The first was the opening of Nesters Market, which brings a number of essential services within easy walking distance of every UniverCity resident. The second was the University Highlands Elementary School, which already serves more than 160 students, highlighting just how attractive our community has become to young families.</p><p>I have no doubt that these projects contributed directly to the successful completion of new residential land parcel leases with Porte Development, Mosaic Homes, and Liberty Homes this past year.</p><p>Another milestone and another advance in building real value was the City of Burnabys passage </p><p>of our Phase 3 zoning. Trust staff worked diligently with their municipal colleagues toward a new zoning bylaw for UniverCity that will permit 1.2 million square feet of new residential floor space governed by North Americas first set of comprehensive green building requirements. We are delighted to see our development partners embracing these new requirements, committing to green projects that are also creating homes that are among the most affordable in the region.</p><p>Moving into 2011, we are planning for continued growth. We are on track to lease new parcels sufficient to add between 200 and 300 housing units annually. These new leases will not only generate revenue to support teaching and research at SFU, they will also create new opportunities for innovation in green development. They will provide homes for new residents, bring new students to the elementary school and attract new customers to the High Street shops all of which directly support our project goals.</p><p>Several other critical projects are also on the agenda for 2011. Firstly, we will open the new childcare facility aiming to be the first structure in Canada certified as a Living Building, making it the most sustainable building in Canada.</p><p>Secondly, we will establish UniverCitys new district energy system. Developed in partnership with Corix Utility Services, this project will drastically decrease greenhouse gas emissions by heating all new buildings through </p><p>a centralized hot water system fired by wood waste diverted from regional landfills.</p><p>Thirdly, TransLink and the Trust will finish the business case for the proposed Burnaby Mountain Gondola Transit Project, examining how a gondola might integrate into the regional transit network determining its costs and confirming its benefits. This would be a significant innovation, reducing UniverCitys environmental footprint, while also saving taxpayer dollars and improving access to and from Burnaby Mountain.</p><p>Finally, the Trust team will continue advancing the next phases of UniverCity. We will set out detailed plans for the fourth phase, known as the Slopes, and we will start integrating the existing Discovery Park area into the future South Neighbourhood.</p><p>As UniverCity continues to transition from a great idea to a great community, we are increasingly in a position to share our story. We were extremely successful in 2010 at increasing the UniverCity profile among homebuyers and developers. We are also attracting an increasing amount of attention nationally and internationally as a model of sustainability and livability. Looking forward to 2011, we will continue to build on this reputation by doing what we do best, continuing to conceive and implement exciting innovations in sustainable community building on Burnaby Mountain. </p><p>Gordon Harris, President and CEO </p><p>MESSAGE FROM THE PRESIDENT AND CEO</p><p>Moving into 2011, we are planning for continued growth which will not only generate revenue to support teaching and research at SFU, but will also create new opportunities for innovation in green development. This continued growth will provide homes for new residents, bring new students to the elementary school, and attract new customers to the High Street shops all of which directly supports our project goals.</p><p>2 | 3</p><p>Left: Gordon Harris, President and CEO, SFU Community Trust</p></li><li><p>When we look back at the history of this project, I think 2010 will be remembered as the year that UniverCity reached a real critical mass as a community.</p><p>Gordon Harris, the President and CEO of SFU Community Trust, is talking about what he considers to be a breakthrough year for the growing community on Burnaby Mountain. UniverCity, the model of urban sustainability adjacent to Canadas leading comprehensive university, has been on the drawing board for nearly half a century, Harris says: What were seeing today is the realization of a vision that architects Arthur Erickson and Geoff Massey inspired when they submitted their first drawings of the Simon Fraser University campus.</p><p>Back in 1963, Erickson and Massey imagined SFU anchoring a dense, walkable community on Burnaby Mountain. Just such a community has been emerging ever since the project began in earnest in early 2002. But, Harris says, some of the changes that occurred this year have really brought that vision to life. UniverCity is no longer just a beautiful place to buy a condo; its a place to live and play, a place to work and shop, and a place to study, whether youre eight or 80.</p><p>The community took its first big step of 2010 with the opening of Nesters Market in January. The 23,000-square-foot store removed immediately and forever the need for residents to trek down the mountain to secure the necessities of life. Nesters offers a full selection of groceries, meats and produce, including a wide array of the organic and local, as well as a deli-bistro featuring sandwiches, take-home lunches and dinners, and a bakery. Add the pharmacy and post office and you have an informal gathering place that makes this a real community. For more than 20,000 students and 3,000 residents, Harris said, the opening of Nesters was a gift of time and convenience.</p><p>It has changed the character of the High Street, says Harris. It brings people out after six oclock, generating activity in the evenings and on weekends. All of a sudden the community feels bigger than before.</p><p>A WATERSHED YEAR FOR UNIVERCITY LOOKING BACK &amp; MOVING FORWARD By Richard Littlemore</p><p>4 | 5</p><p>Left: Official opening of the Nesters Market at UniverCity on January 14, 2010. From left to right: Derek Corrigan, Mayor of the City of Burnaby; Gordon Harris, President and CEO of SFU Community Trust; and Dan Bregg, President and General Manager of Buy-Low Foods. </p></li><li><p>The next change was marked by the commencement of classes at University Highlands Elementary School. UniverCity was already developing as a family-oriented neighbourhood: a recent survey of the community revealed that 29 percent of UniverCity households had children, which is one point higher than the regional average. Now those children many of whom had been snoozing through long commutes back and forth to school have a place to learn that is within easy walking distance from their homes. Funded by the Trust, the Burnaby Board of Education, the BC Ministry of Education, and the City of Burnaby, the school occupies a former university building that was expanded and renovated to meet Leadership in Energy and Environmental Design (LEED) Gold standards. </p><p>In addition to energy efficiency upgrades, water-efficient landscaping, and smart meters, the school has an outdoor amphitheatre and classrooms, all designed to complement a curriculum focused on sustainability and community engagement. And after hours, much of the building will be operated by the City of Burnaby as a community centre and available to local residents introducing another centre of community.</p><p>The overlapping themes of family-orientation and sustainability leadership were also evident in an </p><p>undertaking that kicked off a little earlier in the year. On July 21, the Trust broke ground on the new childcare centre which, when completed in the coming year, will be Canadas greenest building and aims to be the first in the country to be certified as a Living Building.</p><p>Projects of this quality are only possible because of the support and creativity of SFU Community Trusts partners including, in one particularly prominent and positive example, the City of Burnaby. On July 27, the City approved a new zoning bylaw for Phase 3 of the UniverCity development. This is an innovative and far-sighted bylaw that will put the City of Burnaby, SFU, and UniverCity at the forefront of the global sustainable building movement, says Harris.</p><p>The Phase 3 zoning bylaw sets a minimum standard that will see new buildings built at UniverCity that are at least 30 percent more efficient than conventional buildings and it offers a 10 per-cent density bonus to developers who can increase their building efficiency by another 15 percent. </p><p>All facilities built within the newly approved zone must use interior finishings that are largely free of volatile organic compounds and other potentially harmful chemicals. New buildings must also manage storm water on site.</p><p>These requirements sound stringent they are stringent but they are also achievable, says Dale Mikkelsen, Manager of Planning and Sustainability for the Trust. Weve worked very hard to ensure that our development partners can meet our standards and create attractive and affordable projects.</p><p>The zoning bylaw creates 10 new building sites with an allowable total of up to 1.2 million square feet of residential floor space captured within 1,250 new condos and apartments. It sets the stage for the next five to seven years of development, Mikkelsen says.</p><p>Stepping immediately onto that stage are three high-quality regional developers, certain, with their effort and investment, that UniverCitys success will continue apace. Porte Development and Mosaic Homes have each launched low-rise, wood-frame urban apartment-style projects along the eastern portion of University High Street that will fit perfectly into the existing fabric of the community. Both developers saw the market respond very favourably to their projects. At the end of 2010, Porte Development had successfully pre-sold more than half of the 75 units in their Origin project, while Mosaic Homes had pre-sold approximately 80 percent of their 80-unit Nest project.</p><p>Explaining his companys view of the community, Kerry Kukucha, Development Director at Porte, says, We could really see the potential that is evolving as UniverCity becomes a more complete community especially with the new school and Nesters. The vision and the work that Gordon Harris and his team are doing is creating a great environment that is enhanced by the natural attributes of the mountain itself.</p><p>The third new development announced at UniverCity in 2010 will be a 12-storey concrete tower located at the northeast corner of Highland Court and University Crescent, in the heart of the UniverCity community. Built by Liberty Homes, the tower will include 109 new units and Liberty has committed to achieving energy efficiency that is 45 percent above conventional standards.</p><p>Were delighted to be working with Liberty again, Gordon Harris says. The developers last project in UniverCity was the Hub, a mid-rise concrete building housing 146 condos as well as the Nesters Market retail space. That was a great project. It was a six-storey, concrete building right in the middle of the High Street. Liberty did a great job of delivering an incredibly attractive and high-quality project.</p><p>But the Trust isnt just thinking about new development. While we do think a lot about the people who we hope will move to UniverCity in the future, we also have a big obligation to the people who are already here, says Harris.</p><p>According to a recent survey of the community, there is a strong positive sentiment among current residents: 95 percent of respondents said they were satisfied or very satisfied with their new community, up from 89 percent in a similar survey taken in 2007. Its also a point of interest that 41 percent of current residents have some immediate connection with SFU as students, faculty or staff, Mikkelsen says. On one hand, that means we are providing a complete community...</p></li></ul>