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Published byGrant Newman Modified over 9 years ago
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City Of Pickering Trophy Site –Vastly Undervalued Properties Presentation to Dr. A. Damji
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Location of Subject Site 1502 Bayly Street 6.3 Acres
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The Opportunity CFAS has been working on San Francisco By The Bay project on the South West corner of Liverpool Road and Bayly St. Achieved approvals for 3 high rist towers and townhouses Have achieved approvals for 734 residential units (823, 787 sq.ft) and 29,000 square feet of retail. CFAS is highly familiar with evolving city and provincial policies We have very solid relationships with the Planning Department and as informal advisors to the Mayor and Councillors
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The Opportunity Pickering is designated as an Urban Growth Centre by the Province
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Key Development Area Designated as Urban Growth
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Pickering Urban Centre is a Major Transit Hub that will be a major Transit Oriented Development (TOD) Site. The above map shows location of the Urban Growth Centre
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This Is Where Development Will Occur
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For Your Consideration The following are concepts/densities that are proposed for the adjacent site to the west In Addition MTO Has Built a pedestrian overpass connecting the south side of the Urban Growth Centre to Pickering Town Center GO Transit is building a 250 car parking garage immediately to the west. Development on available property up to 6x FSI
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Densities Proposed On Adjacent Site
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Densities Proposedin studies as of 2013
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Master Development Plan
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A tremendously undervalues opportunity! It is a ground floor opportunity, acquiring an asset with a national tenant for the next ten years! 6 FSI coverage is highly probable, yielding (6 Acres x 43560 sq. feet = 261360) x 6 FSI =1.5 million square feet of gross potential development. @$15 sq. foot, the underlying value is around $23 million @$20 sq. foot, the underlying value is around $30 million
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