City Of Pickering Trophy Site –Vastly

Undervalued Properties Presentation to Dr. A. Damji

Location of Subject Site

1502 Bayly Street6.3 Acres

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

The OpportunityPickering is designated as an Urban Growth Centre by the Province

Key Development AreaDesignated as Urban Growth

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

This Is Where Development Will Occur

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

Densities Proposed On Adjacent Site

Densities Proposedin studies as of 2013

Master Development Plan

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