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East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

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Page 1: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors
Page 2: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

CMLC• Created in 2007 to implement the Rivers District Revitalization Plan –

489 acres; East Village represents 49 acres

• Rivers District Revitalization plan is an infrastructure improvementprogram

• 20 year master plan to revitalize East Village

Page 3: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

East Village

Page 4: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

• In February 2016 the City of Calgary as CMLC’s sole Shareholder expanded company mandate;

• Previously, CMLC was focused on completing work and projects within the Rivers District; were limited by CRL financial parameters;

• New mandate: CMLC, created and owned by the City of Calgary, exists to achieve the City's objectives for urban densification and community renewal, infrastructure investment and placemaking

Preparing for the Decade Ahead

Page 5: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Preparing for the Decade Ahead

• In 2017 CMLC entered the final 10 year term (indeed, the half way mark) of CRL capture,infrastructure investment and development within EV and the Rivers District;

• To prepare the corporation for its final decade of work, we initiated a multi-phased strategic planning process to examine our progress against the EV Master Plan vision and Rivers District Revitalization Plan

Page 6: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

EV Master Plan Vision• 11,500 people; 3900 residential units

• Master planned community; across 15 city blocks

• Heavy pedestrian focus: bridges, mews, dedicated streets

• Mid and High rise

• Amenity rich and mixed-use designated

Page 7: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Master Plan math – 6.8 million• Residential 4,300,000 sq. ft | 63%

• Office 650,000 sq. ft. | 10%

• Live/Work 570,000 sq. ft. | 8%

• Hotel 340,000 sq. ft. | 5%

• Retail + F&B 285,000 sq. ft. | 4%

• Leisure & Community 353,000 sq. ft.| 6%

• Parking 230,000 sq. ft. | 3%

• Flexible Frontage 81,000 sq. ft. | 1%

Page 8: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Where we are so far…

• 10 years into our 20 year plan

• CMLC has invested $357 million into the redevelopment of East Village

Page 9: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Where we are so far…

• Since 2007, CMLC has attracted over $2.7 Billion in private sector investment

Page 10: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Where we are so far…

• Over 800 new homes have been completed in East Village between 4 residential towers

Page 11: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Infrastructure

• Investment into streetscapes development and critical connections in order to facilitate the master plan vision and accommodate growth in the community

Page 12: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Public Space Development

• Completion of public spaces like RiverWalk, St. Patrick’s Island and smaller urban parks have been instrumental in the delivery of our placemaking efforts

Page 13: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Retail Development

• CMLC has stewarded the development of the retail strategy for East Village

• Urban and Village format retail is now unfolding in East Village

Page 14: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Coming soon…

• There are 7 active constructions sites in East Village; Boutique Hotel, RioCan urban format grocery store, market and rental residential buildings, and New Central Library

Page 15: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Current Active Projects: New Central Library

Project highlights for the next 12 months:

• Building is weather tight

• Final phase of construction

• Interior fit n’ finish of the building now underway

Page 16: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

• Public Ream and streetscaping program to provide interface between East Village,

the New Central Library and the downtown core

• Project to be delivered over multiple phases and years

Current Active Projects: 3rd Street SE

Page 17: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Current Active Projects: 9 Avenue Parkade

• Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg).

• The parkade, which will serve visitors to the New Central Library, National Music Centre and

other East Village, Victoria Park and downtown destinations; approximately 500 stalls.

Page 18: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

• East Village Experience Centre (EVEC) continues to be the main interface with potential buyers, perspective developers, retailers and the public; educates on progress and vision of community

• Co-operative marketing campaigns funded by EV developers allows CMLC to continue sharing and expanding the East Village story

• Continue to engage with residents to foster sense of community and steward community identity

Community Engagement

Page 19: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Programming and Events

• CMLC will continue to develop and deliver compelling programs and events to immerse Calgarians in the East Village lifestyle and real estate story

• Anticipating 100,000 visitors to East Village & St. Patrick’s island each year 2017-2019- East Village Junction- Beat Beethoven - Joint New Central Library/National Music Centre programs

Page 20: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Victoria Park

Page 21: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Rivers District Master Plan

• We honed our placemaking expertise in East Village and are now preparing to take on the balance of the Rivers District

• In February 2017 CMLC kick-started the creation of the Rivers District Master Plan• The focus of the master plan will determine the investment of $150 million towards Victoria

Park and the Stampede Ground representing the balance of the Rivers District

Page 22: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Public Engagement

• In 2018 CMLC will engage the Calgary community to inform what amenities and infrastructure projects are most important

Page 23: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Future Projects

• 17th Avenue Extension

• Greenline Interface

• Stampede Trail

• RiverWalk, Stage 2

Page 24: East Village - Real Estate Forums · 24-10-2017  · •Design team of Kasian Architecture (Calgary) with 5468796 Architecture (Winnipeg). •The parkade, which will serve visitors

Thank You