Crowfoot Crossing by dfsdf224s

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									eNews
FALL 2007

Development & Advisory Sevices

                                                                                         Crowfoot
                                                                                         Crossing
                                                                                         Hydro Quebec has retained Arcturus Realty
Brownie Award - Halifax Seaport                                                          Corporation to lead the redevelopment of
The Halifax Seaport Redevelopment Master Plan received the prestigious “Brownie          Crowfoot Crossing, one of Calgary’s top
Award” for the Best Large Scale Project 2006, at the Canadian Urban Institute’s
                                                                                         power centres. The redevelopment plan is
(CUI) Annual Awards. The CUI’s program recognizes leadership, innovation and
environmental sustainability in brownfields redevelopment.                               anticipated to include new construction

The Halifax Seaport redevelopment was undertaken by the Halifax Port Authority           making way for additional retailers to join
(HPA) who retained Ron Taylor, Senior Vice President, Development and Advisory           the centre’s tenant mix. Arcturus’ leasing
Services of Arcturus Realty Corporation to lead the preparation and execution of
                                                                                         team has already received strong interest
the Master Plan. Ron has been the Development Advisor to the HPA on the project
since 2003, working with acclaimed architects The Zeidler Partnership of Toronto         from many marquee retailers about this exciting
and Lydon Lynch Architects of Halifax.                                                   opportunity. Since opening in 1998,

The Master Plan incorporates over 50,000 square metres of under-used,                    Crowfoot Crossing has fast become one of
industrial property and presents a strategy for its remediation and adaptive re-use.
                                                                                         northwest Calgary’s primary shopping
Over 50% of the existing buildings are now redeveloped including a Film and
Media Centre; an events facility - The Cunard Centre; two new cruise pavilions;          destinations. As part of Crowfoot Town

and the opening this fall of a new campus for NSCAD University. The Halifax              Centre, this retail node offers one of the
Farmers’ Market is scheduled to relocate next year to an innovative, environmentally-
                                                                                         largest collections of power and strip centres
friendly location in Pier 20. A 130-room boutique hotel and additional work
space for the cultural industries are also planned. The Halifax Seaport is positioned    owned by numerous landlords in Canada.
to be the city’s great new destination for local residents and visitors alike.           With a booming economy, Calgary has

Ron Taylor’s history of world-wide real estate development experience has                become a lucrative retail market, and as a
demonstrated that each city has its own attributes and character, which contribute
                                                                                         result a great deal of new competition has
to the development's vision. “We wanted the Seaport to be unique to Halifax.
In fact, every new project we undertake needs to have roots in the local community       infiltrated the city’s northwest quadrant. To

- to reflect the particular geography, history and culture of its setting and to be      strengthen Crowfoot Crossing’s market
sustainable over the long-term. We are honoured that the CUI has recognized
                                                                                         dominance in this highly competitive trade
the innovative nature of the Seaport redevelopment,” said Taylor.
                                                                                         area, Arcturus identified the need for the centre
Karen Oldfield, Halifax Port Authority CEO and Ron Taylor have worked closely
                                                                                         to launch a major renovation and redevelopment
together over the past four years to bring this project to fruition. “We are extremely
happy with the knowledge and expertise Arcturus brings to this complex process           project. In addition to the new retail buildings
through its highly experienced people. We have a great relationship which is             which will be added, Crowfoot Crossing will
helping drive the project to success,” said Oldfield.
                                                                                         receive extensive new storefront façade

                                                                                         upgrades, a dynamic new signage criteria

                                                                                         and its tenant mix will undergo a

                                                                                         repositioning analysis. The project will

                                                                                         commence construction in Spring 2008

                                                                                         and is slated for completion in 2009.


 Halifax Seaport


                   For more information contact Ron Taylor at 416 862-6220 or rtaylor@arcturusrealty.com
eNews
FALL 2007

Development & Advisory Sevices

In brief...                                         City West Kingston
                                                    As available land for new development in Canada continues to be scarce, builders
John Street Roundhouse - Toronto, Ontario
                                                    and architects say that adaptive re-use of warehouses and manufacturing plants
Arcturus is the development advisor for the
                                                    is a wave of the future. Arcturus Realty Corporation, acting as the Development
adaptive re-use and redevelopment of the historic
                                                    Advisor on behalf of a group of investors, is capitalizing on this growing trend
John Street Roundhouse in downtown
                                                    with its latest redevelopment project in Kingston, Ontario.
Toronto. Arcturus prepared a redevelopment
plan and assisted a private development             City West Kingston, at the crossroads of Taylor Kidd Boulevard and Gardiners
consortium in securing a long term lease for        Road, will transform an abandoned 50,000 square metres former manufacturing
the premises from the City of Toronto.              facility into a massive high-tech business centre and residential complex. The 100
                                                    acre project will be completed in three phases. During the first phase, the
                                                    existing building will be redeveloped to accommodate office and work space for
                                                    small business; an incubators’ centre; high tech storage and assembly facility;
                                                    and ‘trade mart’ accommodation to showcase area products and services.
                                                    Future phases will include low, medium and high rise residences, hotels, a wellness
                                                    and aging in place facility and amenities to support the new work/live community.
                                                    The entire project is slated to be complete by 2020.
City of Burlington - Burlington, Ontario
Arcturus has completed a four year assignment       Mr. Malik Khalid, spokesperson for the project’s investors, stated, “This well-built
as development advisor to the City of Burlington    and remarkable building was one of the first large scale industrial developments
for the redevelopment of its downtown water-        in Kingston, and we are thrilled to be a part of its re-birth as a vibrant place of
front. The project included the preparation of      commerce. We are confident that it will play a major role in strengthening the
a redevelopment strategy entitled ‘Core             city’s ability to attract more high-tech companies.”
Commitment’; facilitating an extensive
                                                    The complex has already secured its first high-tech tenant--Performance Plants--a
stakeholder and public input process; and
                                                    botanical technology company that opened this summer.
interfacing with the development community.
A merchandising and marketing strategy for          Arcturus is currently seeking municipal approval for the redevelopment including
the main downtown commercial area along             an Official Plan Amendment and Re-zoning.
Brant Street was prepared and executed. By
assisting the city in creating a vision, plans
were implemented to promote investment in
downtown Burlington to the private sector.




                                                    City West Kingston


City of Thunder Bay - Thunder Bay, Ontario
Arcturus with IBI created a “Highest and Best
                                                    “West Side Story” - People, Planet, Profit.
Use Study” for the Marina Park Lands located        Ron Taylor moderated this year’s Real Estate Conference hosted by the Burlington
on the waterfront in the City of Thunder Bay.       Economic Development Corporation. The theme of the event was sustainable
The team developed a program of compatible          development. A distinguished group of speakers and panelists were on hand
uses which included residential and hotel;          including Sheila Botting, Senior Managing Director of Cushman & Wakefield
retail and restaurant; arts and cultural uses;      LePage Inc. and Ian Jarvis, President of Enerlife Consulting (and the immediate
marina services; cruise ship facilities; and        Past-Chair of the Canada Green Building Council). In his introductory remarks,
educational and recreational parks. The program     Taylor spoke about sustainable development and set the framework for a lively
and the plan were unanimously accepted by           dialogue among the panellists. This information-packed session addressed critical
the City of Thunder Bay’s City Council.             growth and urban planning issues of the real estate development industry.


                                                       www.arcturusrealty.com

								
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