Download Strathcona Update - Strathcona County

Strathcona Update
September 19, 2013
Gerry Gabinet, Director Economic Development and Tourism
What is GDP?
GDP = C + I + G + (Ex - Im)
The parts of the formula are simple: CDN US
C = total spending by consumers
56.4% 70%
I = total investment (spending on goods and
services) by businesses
21.4% 18.6%
 G = total spending by government (federal,
state, and local)
19.8% 15.9%
 (Ex - Im) = net exports
2.4% (-4.5)%
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Stats Canada Update February 2012
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Canada
Alberta
Edmonton
Calgary
Strathcona
Edmonton CMA
Calgary CMA
5.9%
10.8%
11.2%
10.9%
12.1%
11.8%
12.9%
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Since 2006
•Yellowhead County
•Lethbridge County
9/18/2013
4
Strathcona
Sherwood Park
Rural
Growth
Urban
Rural
Total
Last 20 years
Average rate
92,490
64,733
27,757
9,979
13.9%
8.2%
12.1%
62.9%
2.45%
Money Sense Magazine 2013: Recognition
for Strathcona County
7
Money Sense Magazine 2013: Recognition
for Strathcona County
8
Projected Growth Rates Metro Edmonton
Projected Growth Rates
Average Sherwood Park Single Family Dwelling Price Previous 12 Months
Number of Sales 12 Month Period
1000
440
$436.749
430
853
$415.771
800
12 month Average Sale Price
410
700
400
600
390
380
500
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
S
O
N
D
J
F
M
A
M
J
J
A
Average Selling Price
420
2009
2010
2011
Previous 12 months ending on Month/Year
11
2012
2013
Sales Previous 12 Months
900
Number of Annual
Sales
Vacancy Rates Sherwood Park
Industrial
• Source: Colliers for Q-2
• Inventory 4,025,800 sq.ft.
• Vacancy rate 2.65%
• Average listed lease rate:
$15.00 per sq.ft.
9/18/2013
Office
• Source: Avison Young Q-3
• Inventory 812,232 sq.ft.
• Vacancy rate 13.3%
• One building 60,000 sq.ft
• Then 5.9%
• Average occupancy cost:
$7.67 per sq.ft.
• Average listed lease rate:
$18.50 per sq.ft
13
New Buildings Sherwood Park
• Kenworth Trucking
• Square One Restaurant
• Sherwood Ford Wash
Bays
• Bethel Transit
• IPL Addition
• Sureway Construction
• Trans America Buildings
9/18/2013
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Tri Line
Value Village
Red Robin
Smashburger
Twisted Yogurt
Tony Romas
Cambrian Concept Plan
Approx: 400 acres
Total Population: 7,294+
Build out: 15-20 years
Two Developers:
Rohit
Mattemy
Future Growth Areas Along Wye Road
Hillshire Development Concept
Timing: 2013-25+
Size: 129 acres
Low density -38 acres
Medium -28
Medium/High – 4.8
High-1.65
Commercial -2.54
Population: 2,850
Salisbury Village- Development Concept
Map with hyper links and brochure
Baseline Village Redevelopment
9/18/2013
21
Baseline Village Proposed Tenants
Baseline Village: Proposed Tenants
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23
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East
Sherwood Chevrolet
2rd Ford vehicle Dealer in
Canada
9/18/2013
25
Buckingham Business Park - Wexford
East
9/18/2013
26
Buckingham Business Park - Wexford
sold
sold
P
P
9/18/2013
sold
27
sold
Buckingham – Chester Building
Emerald Hills – Full Build out 15,000 people around 2017-20.
 Draft Plans for new 25m pool and artificial sporting field.
9/18/2013
29
WAM – Emerald Hills
Capital Projects
Emerald Hills Regional Park Artificial Turf (2013 – 2014)
Emerald Hills Urban Village Retail
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Co op Gas Station
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Tim Horton’s
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RBC
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CIBC
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Subway
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Mary Browns Chicken
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Starbucks
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Rogers
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Pet Value
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Sobeys 2013/2014
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Red Robin
9/18/2013
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Centre in the Park
Reflections Building
9/18/2013
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Target: Opened May 7
Sherwood Park Mall 40th Birthday
9/18/2013
34
Mall purchased by
H&R Reit
Transit Station - Construction 2012-13
Parking for 1200 vehicles
9/18/2013
35
New Double Decker Bus
9/18/2013
36
Office
Warehouse
Total
9/18/2013
67,899 sq.ft.
107,560 sq.ft.
175,459 sq.ft.
37
Thomas Consulting Retail Market Study Updating 2014
9/18/2013
38
Updating the Retail Market Study 2013
9/18/2013
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NE Anthony Henday Planning
 Eight interchanges
 Nine Flyovers
 Two River Structures
 47 Total Bridge Structures
 Completion date of December 2016
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“I have learned that success is to be measured not so
much by the position that one has reached in life
as by the obstacles which he has overcome while
trying to succeed.”
― Booker T. Washington
For more information, please contact:

Gerry Gabinet, Director Economic Development &
Tourism [email protected]

Randy Richards, Manager Commercial Development
[email protected]

Tyler Westover, Acting Manager Industrial
Development [email protected]
9/18/2013
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