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THE QUEENSWAY ISLINGTON AVE GARDINER EXPWY ROYAL YORK RD ZORRA ST ST LAWRENCE AVE LAKE ONTARIO SUBJECT PROPERTY 30 & 44 ZORRA STREET · TORONTO 1 Council approved settlement offer for the zoning by-law amendment that is expected to be ratified at the LPAT prehearing on November 9, 2018.

30 & 44 ZORRA STREET · TORONTOCIM... · Aug 22, 2018 RESIDENTIAL 30+44 Zorra Marlin Spring Investments Ltd. TORONTO ONTARIO E.CORAZZA C.KOTVA C.KOTVA D.BIASE 1540.17 DRAFT FOR REVIEW

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Page 1: 30 & 44 ZORRA STREET · TORONTOCIM... · Aug 22, 2018 RESIDENTIAL 30+44 Zorra Marlin Spring Investments Ltd. TORONTO ONTARIO E.CORAZZA C.KOTVA C.KOTVA D.BIASE 1540.17 DRAFT FOR REVIEW

THE QUEENSWAY

ISLINGTON AVE

GARDINER EXPWY

ROYAL YORK RD

ZORRA ST

ST LAWRENCE AVE

LAKE ONTARIO

SUBJECT PROPERTY

30 & 44 ZORRA STREET · TORONTO

1 Council approved settlement offer for the zoning by-law amendment that is expected to be ratified at the LPAT prehearing on November 9, 2018.

Page 2: 30 & 44 ZORRA STREET · TORONTOCIM... · Aug 22, 2018 RESIDENTIAL 30+44 Zorra Marlin Spring Investments Ltd. TORONTO ONTARIO E.CORAZZA C.KOTVA C.KOTVA D.BIASE 1540.17 DRAFT FOR REVIEW

DEVELOPMENT APPLICATION

Council approved settlement offer for the ZBLA to facilitate the development of the Property for a 35-storey residential building with underground

parking. A LPAT hearing is scheduled in November 2018 to ratify the decision.

The Site has exceptional access to the Gardiner Expressway and Highway 427, as well as Kipling Station to the north and Mimico GO Station to the south, providing the Property with excellent

local and interregional connections.

Within the immediate area surrounding the Site there has been significant development, with

units sold out as of 2016. With little inventory and strong demand in the area, the offering provides a tremendous opportunity in an intensifying area

(Realnet, 2018).

Cooksville

ACCESSIBILITY ACTIVE DEVELOPMENTS

VISITOR BIKE PARKING (6)

FUTURECAVEN STREET

EXTENSION

ZORRA STREET

CAVEN STREET

EXISTING LANEWAY

1100

0

34.4m² STAGING + TYPE 'G' LOADING

LOBBY

6 STYPODIUM18.2m H

5600min.

2500

min

.

500min.

900

min

.

POSS

IBLE

EXT

ENT

OF B

ALCO

NIES

POSSIBLE EXTENT OF BALCONIES

OUTDOOR AMENITY± 908 m² min.

6000

DRIV

E W

AY

MATCH EXISTING GRADESAT PROPERTY LINE

PROPOSEDPARKLAND

MATCH EXISTING GRADESAT PROPERTY LINE

PROPOSED CONCRETE SIDEWALK

PROPOSED CONCRETE SIDEWALK

PROPOSED CONCRETE SIDEWALK

FFE = 110.20m

NEW SAN MH

PROPOSED CONCRETE SIDEWALK

PROPOSED CONCRETE SIDEWALK

PROPOSEDLANEWAY

EXTENSION

EXISTING FIRE HYDRANT

EXISTING FIRE HYDRANT

1400

380002500 44000

UNIT ENTRY

UNIT ENTRY

UNIT ENTRY

EXIT

ZORRA STREETRESIDENT ENTRY

EXITSTAIR

EXIT

+ 110.00 m

MAILMAN ENTRY

5000

ONE-

WAY

4500

ONE-

WAY

R6000

DROPPED CURB

MAIN ENTRY

900

min

.

LINE OF GROUND FLOOR BELOW

LINE OF GROUND FLOOR BELOW

LAY-BYPARKING

35 STY TOWER108.3m H

GREEN ROOF (7TH)± 162 m²

GREEN ROOF (7TH)± 277 m²

VISITOR BIKE PARKING (12)AT GRADE

SERVICING EXITAS PER CITY STANDARD T-350.01

2100

2100

EXHAUSTSHAFT

LINE

OF

UNDE

RGRO

UND

LINE OF UNDERGROUND

5000

ONE-

WAY

1250

0 m

in.

1970

0

1400

3500

4000

1700

0

MPH113.8m H 20m R.O.W.

SIDEWALK WITH BOULEVARDAS PER CITY STANDARDNo. T-310.010-2

SIDEWALK WITH BOULEVARDAS PER CITY STANDARDNo. T-310.010-2

SIDEWALK WITH BOULEVARDAS PER CITY STANDARD

No. T-310.010-2

2100

2100

2500

2100

2500

3900 55008500

2100

R5000

R5000

PROPOSED DRIVEWAY TO BEDESIGNED AS PER CITYSTANDARD No.T-350.01

STM MH A2 (OGS)(JELLYFISH JF6-5-1-LO)

CISTERN ACCESS/EMERGENCYOVERFLOW HATCH

STM MH A1

POSSIBLE EXTENT OF BALCONIES

POSS

IBLE

EXT

ENT

OF B

ALCO

NIES

POSSIBLE EXTENT OF BALCONIES

POSS

IBLE

EXT

ENT

OF B

ALCO

NIESEXIT

EXIT

UNITENTRY

UNITENTRY

UNITENTRY

UNITENTRY

UNITENTRY

UNITENTRY

UNITENTRYUNIT

ENTRYUNITENTRY

UNITENTRY

UNITENTRY

UNITENTRY

BALC. BELOWBALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW BALC. BELOW

BALC

. BEL

OWBA

LC. B

ELOW

BALC

. BEL

OW

RAMP TO UNDERGROUND±14.8m @ 15% SLOPE

[email protected]% SLOPE

+ 107.51 m

QUEEN ELIZABETH WAY

STAGING AREA + TYPE 'G' LOADING ARE TO BE ±2% LEVEL, CONSTRUCTED OF200mm REINFORCED CONCRETE AND HAVE UNENCUMBERED VERTICAL

CLEARANCE OF 6.1M.

VISITOR BIKE PARKING (8) AT GRADE

VISITOR BIKE PARKING (12)

GREEN ROOF±234 m²

TRELLIS 50% SOLID, MAX. 500MMGAP TO BUILDING, FUNCTION ASWIND BARRIER

2.5m SEMI-POROUS SCREENFOR WIND MITIGATION

REQ'D AROUND TERRACE PERIMETER

50% POROUS ARCHITECTURALSCREEN FOR WIND MITIGATION

50% POROUS ARCHITECTURALSCREEN FOR WIND MITIGATION

GREEN ROOF±162 m²

900

horizontal stackedbike locker

1850

1500

horizontal bike locker

storage locker

vertical bike locker

450

1800

600

1200

600

LOCKERS LEGEND + STATS

1250CLEARANCE

BIKE STATISTICS:

horizontal bike locker

vertical bike locker

32*

0

horizontal stacked bike locker 154 (308)

storage locker 371

refer to detail on A201

*of which 32 are visitor/short term designated

PARKING LEGEND

3400 x 5600 3400 x 5600 4900 x 5600

residential visitor barrier free

2600

5600

2600 3400

2900 2900

PARKING STATISTICS:

Residential

Residential (Barrier Free)

382

08

66

Visitor (Barrier Free) 1Visitor

DESIGNED AS PER BYLAW 569-2013section no. 200.5.1.10section no. 200.15

1500

4900

20% of all parking spaces will be equipped with electric vehicle supply equipment (EVSE).All remaining spaces will be designed to permitfuture EVSE installation.

EVSE

Project Architect:

Assistant Designer:

Checked By:

Drawn By:

Plot Date:

1320 Shawson Drive,Phone. 905.795.2601

Job #

issued for revisions

TITLEBLOCK SIZE: x 900

L4W 1C3www.gc-architects.comFax.905.795.2844

Suite 100 Mississauga Ontario

This drawing, as an instrument of service, is provided by and is theproperty of Graziani + Corazza Architects Inc. The contractor must verify andaccept responsibility for all dimensions and conditions on site and must notifyGraziani + Corazza Architects Inc. of any variations from the supplied information.Graziani + Corazza Architects Inc. is not responsible for the accuracy of survey,structural, mechanical, electrical, etc., engineering information shown on this drawing.Refer to the appropriate engineering drawings before proceeding with the work.Construction must conform to all applicable codes and requirements of the authoritieshaving jurisdiction. Unless otherwise noted, no investigation has been undertaken orreported on by this office in regards to the environmental condition of this site.

This drawing is not to be scaled. All architectural symbols indicated on this drawing are graphic representations only.

Conditions for electronic information transfer

Electronic information is supplied to the other associated firms to assist them in theexecution of their work/review. The recipient firms must determine thecompleteness/appropriateness/relevance of the information in respect to their particularresponsibility.

Graziani + Corazza Architects Inc. shall not be responsible for:1. Errors, omissions, incompleteness due to loss of information in whole or part

when information is transferred.2. Transmission of any virus or damage to the receiving electronic system when

information is transferred.

610

Aug 22, 2018

RESIDENTIAL

30+44 ZorraMarlin Spring Investments Ltd.

TORONTO ONTARIO

E.CORAZZA

C.KOTVA

C.KOTVA

D.BIASE

1540.17

DRAF

T FO

R RE

VIEW

01. FEB.26.2018 issued for rezoning EC

WITH

OUT P

REJU

DICE

02. MAY.07.2018 issued for partial rezoning submission EC

03. AUG.XX.2018 issued for site plan approval EC

SITE PLAN

1:250 A101

Overall Length 12.000mOverall Width 2.400mOverall Body Height 4.100mInside Turning Radius 9.50mOutside Turing Radius 14.00m

(Dimensions as per City of Toronto Requirements forGarbage and Recycling Collection from NewDevelopments and Redevelopments May 2012)

Design Vehicle - City of Toronto, Front LoadingRefuse Collection Vehicle

THE QUEENSWAY

ZORRA STREET

KIPLING AVENUE

GARDINER EXPRESSWAY

SITE

Podium Tower Proposed Parkland Proposed Road Extension

Size 1.29 ac. (56,132 sq. ft.)

Frontage 467.4 ft. on Zorra Street

Official Plan Mixed Use Areas

Zoning 2Proposed - Sixth Density Residential (R6) to permit a 35-storey residential building with a proposed GFA of 347,150 sq. ft.

ExistingImprovements

The Property is currently improved with two buildings.

Building Size(Approximate) 3

30 Zorra Street 19,950 sq. ft.

44 Zorra Street 6,345 sq. ft.

Total 26,295 sq. ft.

Tenants· Crystal Lawn & Snow Removal Inc. · The One Stop Pop Shop Inc.· Roto-Rooter Plumbers

Current Income 30 Zorra Street

Crystal Lawn & Snow Removal Inc.

Annual Rent: $72,000 plus HST and 70% of all taxes, utilities and insurance coverage on the building. Expires February 28, 2019.

The One Stop Pop Shop Inc.

Annual Rent: $31,200 plus HST and 30% of all taxes and utilities charged against the Property. Expires February 15, 2019.

44 Zorra Street

Master lease was prepared with previous owner to lease building until the expiry in February 2019.

Lease Expiry All leases will expire in February 2019.

The Land Services Group is pleased to offer for sale a residential development opportunity located at 30 and 44 Zorra Street, east of Kipling Avenue in the City of Toronto, the former Municipality of Etobicoke (the “Site” or “Property”). The Site is currently improved with two commercial buildings, both of which are tenanted with leases expiring early 2019. The Property is located between The Queensway and the Gardiner Expressway and is in close proximity to Kipling Station and Mimico GO Station.

A rezoning application had been filed in October 2015 to permit a residential development and the application was appealed to the OMB (now LPAT); however, a settlement offer between the city and the vendor was Council approved in May of 2018 (see letter in Document Centre). The LPAT hearing is scheduled for November 9, 2018 where the zoning by-law amendment (ZBLA) is expected to be ratified. The vendor has also reached an agreement with Councilor Di Ciano with respect to a Section 37 contribution to be $1.37 Million and parkland dedication has been included in the settlement agreement (see draft Site Plan).

The Property is Council approved for a 35-storey residential building, with a 6-storey podium and 5 levels of underground parking. Based on the Without Prejudice drawings created by the vendor (August 22, 2018), the development would have an above grade gross floor area of approximately 347,150 sq. ft. and an FSI of 6.19. It should be noted that until the ZBLA has been ratified on November 9, 2018, the unit breakdowns are not final (see drawings in Document Centre for potential breakdowns).

In support of the ZBLA, a Transportation Impact Study (June 18, 2018), Preliminary Geo-Environmental Assessment (September 6, 2017) and a Functional Servicing & Stormwater Management Report (June 2018) were completed. Site Plan (SPA) drawings were updated by the vendor on August 22, 2018. Please see the online Document Centre for more information.

T H E O F F E R I N G

D R A F T S I T E P L A N

3 0 & 4 4 Z O R R A S T R E E T · TO R O N TO

A M E N I T I E S

L E G E N D

Sobeys, Winners, Fit4Less

IKEA

Etobicoke SmartCentres

Sherway Gardens

No Frills

1

2

3

4

5

COM MERCIAL

INCLUDING MANY MORE RETAILERS AND RESTAURANTS...

5

23

4

30 & 44 ZORRA STREET

Mimico

THE QUEENSWAY

ZORRA ST

GARDINER EXPWY

ISLINGTON AVE

SUBJECT PROPERTY

2 Council approved the settlement offer pertaining to the ZBLA. A LPAT decision is expected at the prehearing meeting November 9, 2018. | 3 Sizes based on Vendor input and RealNet.

1

1 Council approved settlement offer for the zoning by-law amendment that is expected to be ratified at the LPAT prehearing on November 9, 2018.

ZORRA ST

Page 3: 30 & 44 ZORRA STREET · TORONTOCIM... · Aug 22, 2018 RESIDENTIAL 30+44 Zorra Marlin Spring Investments Ltd. TORONTO ONTARIO E.CORAZZA C.KOTVA C.KOTVA D.BIASE 1540.17 DRAFT FOR REVIEW

*Sales Representative, **Broker. This disclaimer shall apply to CBRE Limited, Real Estate Brokerage, and to all other divisions of the Corporation; to include all employees and independent contractors (“CBRE”). The information set out herein, including, without limitation, any projections, images, opinions, assumptions and estimates obtained from third parties (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE. CBRE and the CBRE logo are the service marks of CBRE Limited and/or its affiliated or related companies in other countries. All other marks displayed on this document are the property of their respective owners. All Rights Reserved. Mapping Sources: Canadian Mapping Services [email protected]; MapPoint, DMTI Spatial, Environics Analytics, Microsoft Bing, Google Earth (10/18).

Exclusive Advisors:

Lauren White* Senior Vice President416 495 6223 [email protected]

Mike Czestochowski** Executive Vice President416 495 6257 [email protected]

*Sales Representative **Broker

Conceptual Rendering

CBRE LIMITED · 2005 Sheppard Avenue East · Suite 800 · Toronto, ON, M2J 5B4

Offer Submission Date: Tuesday, October 30th, 2018 by 12:00 PM EST

O F F E R I N G P RO C E S S

D O C U M E N T C E N T R E

• Draft Site Plan• Draft Floor Plans• Transportation Impact Study• Preliminary Geo-Environmental Assessment• Functional Servicing & Stormwater

Management Report• Survey• Tax Bills• Leases• Letter Regarding Status of Development

CO N F I D E N T I A L I T Y AG R E E M E N T

Potential purchasers that require access to the online document centre are to complete the Confidentiality Agreement and return it to: [email protected]@CBRE.COM

GARDINER EXPWY

THE QUEENSWAY

KIPLING AVE

HWY 427

ZORRA ST

Future EtobicokeCivic CentreDrive: 7 mins

Pearson International AirportDrive: 13 mins

Kipling

SUBJECT PROPERTY

All offers are requested to be submitted to:

O F F E R S U B M I S S I O N S

Lauren White [email protected]

CBRE Limited 2005 Sheppard Avenue East Suite 800Toronto, ON · M2J 5B4

Page 4: 30 & 44 ZORRA STREET · TORONTOCIM... · Aug 22, 2018 RESIDENTIAL 30+44 Zorra Marlin Spring Investments Ltd. TORONTO ONTARIO E.CORAZZA C.KOTVA C.KOTVA D.BIASE 1540.17 DRAFT FOR REVIEW

This disclaimer shall apply to CBRE Limited, Brokerage, and to all other divisions of the Corporation (“CBRE”). The information set out herein (the “Information”) has not been verified by CBRE, and CBRE does not represent, warrant or guarantee the accuracy, correctness and completeness of the Information. CBRE does not accept or assume any responsibility or liability, direct or consequential, for the Information or the recipient’s reliance upon the Information. The recipient of the Information should take such steps as the recipient may deem necessary to verify the Information prior to placing any reliance upon the Information. The Information may change and any property described in the Information may be withdrawn from the market at any time without notice or obligation to the recipient from CBRE.

Proponent Name

Company

Email Address

Additional Email 1

Additional Email 2

Date Signed

Signature

Representative/Advisor

Company

Email Address

Additional Email

Phone Number

Date Signed

Signature

(I have the authority to bind the Corporation)

To Receive the Due Diligence Package Please Complete and Return to [email protected]

CONFIDENTIALITY AGREEMENT FOR 30 & 44 ZORRA STREET, TORONTO, ON

The undersigned hereby acknowledges that CBRE Limited (“CBRE”); through the Land Services Group, has been retained by the vendor on an exclusive basis to arrange the sale of 30 & 44 Zorra Street, Toronto, Ontario (the “Property”). All inquiries and communications with respect to the Property shall be directed to any of the listing agents of CBRE. We have requested from the vendor and CBRE, information, including confidential and proprietary information, which has not been generally disclosed to the public, for use in evaluating a potential purchase of the Property.

In exchange for good and valuable consideration provided by the vendor and CBRE, including, without limitation, the delivery of a confidential information memorandum (the “CIM”), the receipt and sufficiency of which is hereby acknowledged, we agree to keep confidential any and all information supplied to us concerning the Property that is not a matter of public record and not to utilize any such information for our own benefit (or for the benefit of anyone else) other than for the evaluation of the Property with respect to a potential purchase.

We understand that we may transmit any such information to partners, officers, directors, employees or legal or financial advisors (collectively, “representatives”) but only to the extent that they need to know such information for the purpose of such evaluation. We undertake to inform such representatives of the confidential nature of such information and that they will be bound by the terms of this Agreement. We agree to be responsible for any breach of this Agreement by our representatives. We agree that any legal, financial or any other third party advisors that are retained by us, to act on our behalf, will be compensated by us. This shall include outside brokers.

We understand that upon the vendor’s request we will provide all pertinent financials of the company looking to purchase the above-mentioned property to the vendor in a timely manner and that these statements will only be used for the purpose of determining the financial feasibility for this transaction.

We agree to read and examine all material provided by the vendor on the above-mentioned property and will do so prior to submitting an Agreement of Purchase and Sale or Letter of Intent.

We agree to return all documentation provided herewith, including the CIM, and any notes or copies made thereof if we decide not to pursue or complete this opportunity. We also agree not to use the information provided in any way detrimental to the vendor (or any parties assisting the vendor), either before or after cessation of our pursuit of property purchase. The provisions of this Agreement are binding on our successors or assigns.

We acknowledge that the CIM and the other information being delivered to us with respect to the Property is subject to the limitations on liability and disclaimers for the protection of the vendor and CBRE contained in the CIM.

We agree to indemnify and save harmless the vendor and CBRE from any claims, losses, damages and liabilities whatsoever (including legal fees on a substantial indemnity basis and disbursements) arising out of a breach by us or any of our representatives of any of the terms or other provisions of this Agreement. CBRE and the vendor also reserve the right not to release information.

The buyer agrees to continue to work through the Land Services Group at CBRE Limited for the above-mentioned property including offers within 12 months after the expiration of the Listing Period, so long as the buyer wishes to make any offer within said time-frame and the buyer was introduced to the Property during the Listing Period or shown the Property during the Listing Period, which the buyer has acknowledged by signing below.

The buyer agrees that any and all communication with regards to this property shall be done so through CBRE. The buyer and/or their representative will not at any time contact the vendor directly.

CBRE and the vendor shall not be responsible for the payment of brokerage or other fees to any outside agents or consultants in connection with this offering. CBRE is exclusively representing the vendor and will not act on behalf of any potential purchasers. With the execution of this Confidentiality Agreement, the undersigned acknowledges that they are undertaking this investigation of the Property at their sole risk and expense and that under no circumstances will any amounts expended by the undersigned for its due diligence investigation or review be paid or reimbursed by the vendor or CBRE. A digitally submitted or a scan of a signed copy of this Agreement shall be deemed to be original signed copy.

THE SECTION BELOW MUST BE COMPLETED IN FULL PRIOR TO ANY INFORMATION BEING RELEASED.