C R E A T E
Y O U R
VISION A le lega gacy cy de deve velo lopm pmen entt o pp ppor ortt un unit ity y
ST. PAUL’S HO ST. HOSPITAL SPITAL RED REDEVELOPM EVELOPMENT, ENT, Burrard Street V A N C O U V E R ,
ICON IC
6.6
B C
ACR ES
MIX ED-U SE
DEVELOPMENT SITE
ST. PAUL’S HOSPITAL
The proceeds of the Burrard site sale will assist with the development of the new St Paul’s Hospital Health Campus. Providence Health Care’s vision is that the campus becomes a central element of the City’s biotechnology biotechnology and medical research researc h industry and helps put the City of Vancouver on the map as a world-class medical and healthcare healthcare hub. The integrated nature of this property can accommodate multiple
T H E L A R G E S T A V A I L A BL E
stand-alone future development opportunities that are linked
DEVELOPME NT SITE IN DOWNTOWN
to, but separate from, the new hospital. These could include high-tech ofce space, research and teaching facilities, a hotel
VANCOUVER
V A N C O U V E R ,
and residential accommodation.
B C CBRE Limited is pleased to offer the opportunity to participate in the redevelopment of the St. Paul’s Hospital Burrard Street Site and create a legacy development that will change the City of Vancouver forever. PHC will enter into a sale and leaseback
Within one of the world’s most desirable cities, a once-in-a-generation
with the buyer until the new hospital is ready for occupancy.
opportunity has arrived. After 120 years, a formidable architectural and
The existing St Paul’s hospital will continue to operate on the
institutional icon on Burrard Street in downtown Vancouver, St. Paul’s
Site until the new hospital is developed.
Hospital is to be relocated to a new world class health care centre in the evolving False Creek Flats neighbourhood. CBRE Limited has been
For more information, please contact the undersigned:
engaged by Providence Health Care (PHC) to seek out the visionary developer that will reimagine the current St. Paul’s Hospital site on Burrard Street, an iconic mixed-use 6.6 acre development site (“ The Site”) Site ”) and create downtown Vancouver’s next seminal mixed-use project.
St. Paul’s Hospital currently sits on a 6.6 acres site located at the southern end of the downtown peninsula at the edge of the densely populated West End Neighbourhood . Th is site represents downtown Vancouver’s largest development opportunity in the last 13 years, and presents a generational opportunity to acquire a substantial landholding in the most coveted part of the downtown peninsula. Situated at the highest point in the downtown core, this expansive site holds the immense potential to become a “city within a city” including the next series of signature mixed-use towers that will shape the skyline of Vancouver and direct the future of the downtown core.
VISION
WHAT ISYOU OUR R VISION?
Tony Quattrin Personal Real Estate Corporation
Jim Szabo Personal Real Estate Corporation
Vice Chairman National Investment Team - Vancouver
Vice Chairman National Investment Team - Vancouver
T H E
O F F E R I N G
ICONIC MIXED-USE DEVELOPMENT SITE DOWNTOWN VANCOUVER
CBRE Limited is pleased to offer for sale a once-in-a-generation downtown development opportunity. opportunity.
After 120 years in downtown Vancouver,
The future development will be the signature
St. Paul’s Hospital is relocating and leaving
focal point for the south end of Burrard
an expansive 6.6 acre Burrard Street site
Street. The project is likely to feature an
available for development at the pinnacle
integrated and sustainable retail village that
of Vancouver’s downtown peninsula. This
will serve the dense and growing residential
extraordinary site presents a once-in-
populations of the West End and the south
a-generation opportunity to design the
downtown City Centre.
next signature mixed-use towers that will transform the landscape of the downtown core.
The OFFERING 05
S e a B u s R o u t e e
I N V E S T M E N T
H I G H L I G H T S
ICONIC MIXED-USE DEVELOPMENT SITE
Waterfront SkyTrain Station BC Place Stadium
DOWNTOWN VANCOUVER
Granville SkyTrain Station Burrard SkyTrain Station
Vancouver City Centre SkyTrain Station UNBEATABLE LOCATION
H o w e S t r re e t
Central Business District
The St. Paul’s Hospital site is located on one of the highest points in the downtown peninsula, situated between the City Centre and Central Business District, Yaletown, Yaletown, and the West End. This is one of the most prominent “centre-ice” locations in all of downtown Vancouver.
e t S t r e s o n R o b
Yaletown Roundhouse Yaletown Roundhouse SkyTrain Station EXTRAORDINARY SITE SIZE
This offering is comprised of two full city blocks totalling 6.6 acres in the heart of downtown Vancouver. This represents the largest contiguous site offered for sale in downtown Vancouver since 2005.
Nelson Park SURROUNDED BY AN ARRAY OF AMENITIES
St. Paul’s Hospital 6.6 acres T h u r l o w S t r e e t
B u r r a r d S t r e e t
amenities and entertainment options, which further enhances the Site’s attractivenesss as a well-connected central location for both residents attractivenes and employees. The Site is also close to some of Vancouver’s most attractive parks and beaches, including Nelson Park, Sunset Beach, Kitsilano Beach and the famous Seawall.
The West End e t t r e e S v i e D a
The Site is within walking distance from a wide variety of quality
TRANSIT-ORIENTED
There are three SkyTrain Stations within ten minutes walking distance with access to the Expo Line, Millennium Line and Canada Line SkyTrains, SkyTrain s, providing easy and convenient transit connections throughout Metro Vancouver.
Davie Village WELL-CONNECTED
The site is adjacent to Burrard Street – a primary downtown artery running from Canada Place at Vancouver Harbour south to Kitsilano via the Burrard Bridge.
07
D E VSTANLEY E LPARK O P M E N T
P O T E N T I A L
DOWNTOWN VANCOVER RESIDENTIAL DEVELOPMENTS VA NC OU VE R HA RB OU R
The largest development site offered for sale in Vancouver in the last last decade.
T S N A M N E D
M E L V I L L E S T W G E O R G I A S T
R O B S O N S T
St. Paul’s Hospital
P R O P E R T Y
S U M M A R Y
ENGLISH BAY
up to $3,000 per SF
Active Projects Burrard
T S D R A R R T U B Y S B N R O H
Vancouver City Centre
C I R
Yaletown-Roundhouse
1081 Burrard Street, Vancouver, B.C. PID
LEGAL DESCRIPTION
Ready for development. development. No additional CAC`s required. HOTSPOT OF RESIDENTIAL DEVELOPMENT ACTIVITY
There are currently 11 active and 23 upcoming high-density condo projects in the Vancouverr downtown core, delivering a total of 6,766 units. The average price of these Vancouve units are reaching up to $2,154 PSF with 22 of these projects being located within a 1 km radius of St. Paul’s Hospital.
SITE SIZE
290,087 SF / 6.6 Acres FRONTAGE
494 ft along Burrard Street 494 ft along Thurlow Street 594 ft along Comox Street
[1]
Please refer to the DD zoning bylaw
Please refer to the DD zoning bylaw and West End and West End Community Plan for Community Plan for further details. [1]
further details.
The New St. Paul’s Healthcare Campus
FALSE CREEK
007-266-251
6.6x FSR [1]
Stadium-Chinatown
D V L C B I F I C A P
CIVIC ADDRESS
DENSITY
T S
NI A M
S M I T H E S T
N E L S O N S T
T E S L L I V N A R G
PARK
EXISTING ZONING
P E N D E R S T
T S R U T M O D S S Y E R S A H
VANIER
DD - ZONE G
Waterfront In The Pipeline
T E S W H O
P A C I F I C S T
DOWNTOWN VANCOUVER
LOT 1 BLOCKS 9 AND 10 DISTRICT LOT 185 PLAN 17644
80% of presales sold
W H A S T I N G S S T Granville W
T S W O L R U H T
D A V I E S T
ICONIC MIXED-USE DEVELOPMENT SITE
6,766 condo units
HIGH GROWTH AREA
South Burrard Street is experiencing rapid population growth around the immediate area of the St. Paul’s Hospital Site. Within a 1km radius of the site, the residential population is projected to grow 13.2%, and average household incomes are projected to grow 37.7% within the next 10 years.
1KM Radius
Population
Household Income
2017 estimated
71,215
$80,443
2027 projected
80,618
$110,793
Growth %
13.2%
37.7%
Main Street Science World
T H E
F U T U R E
S T
WHAT ISYOU OUR R VISION?
P A U L ’ S
THE NEW ST. PAUL’S HOSPITAL HEALTH AND RESEARCH CAMPUS FALSE CREEK FLATS, VANCOUVER
The sale of St.Paul’s Hospital Burrard Street site wi ll help fund the future Health Health Campus at Station Street. Street. After departing from its current location North Vancouver
at the peak of Burrard Street, the new St. Paul’s Hospital will be constructed on an VancouverHarbour
18.5 acre site in Vancouver’s False Creek
Canada Place t e R o u s R B u s S e a
Flats neighbourhood. The new, state-of-theart Hospital and Health Campus will be a
Waterfront SkyTrain Station
will seamlessly blend high-technolo high-technology gy uses, Andy LivingstonePark
o r rg i i
TONY QUATTRIN, VICE CHAIRMAN OF CBRE CANADA CAPITAL MARKETS
medical care, research and teaching, ofce
Chinatown
a - a - D D
“The sale of the current St. Paul’s Hospital is a once in a generation opportunity to acquire such a substantial landholding in downtown Vancouver. It will provide the new ownership the opportunity to shape the direction of a site that is approximately the size of two city blocks in a much-coveted part of the peninsula. In the normal course of business, to assemble an equivalent-sized parcel of land in downtown Vancouverr could potentially take decades, but the sale of Vancouve the St. Paul’s Hospital will allow the new owner to do so in a single transaction.”
world-class integrated health care hub that Gastown
G e
An opportunity to build an an enduring iconic community for future generations.
u n u s m m
u i i r V r V i ia d a d
space, hotel and residential space across
uc t t
Strathcona
FalseCreek
multiple buildings. This new, world-class medical destination will
T h h
e t r e S t c b e e u Main Street Q
SkyTrain Station
t e e t r S n a i M
Thornton Park
e N e e H o s w t w s p pi t t a . P a a l l H e S t au l ’ ’ u al a s s l t t h h C a l mp m us u s
n i u m
create thousands of new job opportunities, TrilliumPark
attracting medical practioners, research
M i l ll l e n
S k y T r a i n
PacificCentral Station
L i n e
analysts and health professionals from all over the world. PHC will use the funds from the
t e e r t S n o i t a t S
T e r rm i m na n l a Av e A en u n e
sale of the Burrard Street site to develop the new hospital, forming the centre of the Health Campus.
11
ST. PAUL’S HOSPITAL T H E L A R G E S T A VA I L A B L E DEVELOPMENT SITE IN DOWNTOWN VANCOUVER
V A N C O U V E R ,
B C
FOR MORE IN FORMATION ON THIS OFFERING , PLEASE CONTACT: Tony Quattrin
Jim Szabo
Personal Real Estate Corporation Vice Chairman National Investment Team – Vancouver 604 662 5154
[email protected]
Personal Real Estate Corporation Vice Chairman National Investment Team – Vancouver 604 662-5125
[email protected] jim.szabo@cbre. com
Mario Negris
Blair Quinn
Personal Real Estate Corporation Executive Vice President Urban Properties Group 604 662 3000
[email protected]
Personal Real Estate Corporation Executive Vice President High Technology Facilities Group 604 662 5161
[email protected]
WWW.NITVANCOUVER.COM
© 2018 CBRE, Inc. The information contained in this document has been obtained from sources believed reliable. While CBRE, Inc. does not doubt its accuracy, CBRE, Inc. has not veried it and makes no guarantee, warranty or representation about it. It is your responsibility to independently conrm its accuracy and completeness. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, nancial and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs. CBRE and the CBRE logo are service marks of CBRE, Inc. and/or its afliated or related companies in the United States and other countries. All other marks displayed on this document are the property of their respective owners. Photos herein are the property of their respective owners and use of these images without the express written consent of the owner is prohibited. PMC0008743 07/2017 07/2017
