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Strathcona  update sept.20 2010
 

Strathcona update sept.20 2010

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Update about activity in Sherwood Park and Strathcona County, Alberta, Canada

Update about activity in Sherwood Park and Strathcona County, Alberta, Canada

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    Strathcona  update sept.20 2010 Strathcona update sept.20 2010 Presentation Transcript

    • Strathcona Update Sept. 20, 2010
    • Agenda  Who we are  Where we work  Recent Projects  New Projects 2010  NE Anthony Henday Plans County Roads  Alberta Industrial Heartland Updates
    • By the Numbers: Population Growth 09 Stats Canada 2006 • Sherwood Park 61,660 • Median age 37.8 • Rural Strathcona 26,338 • Median family income $102,004 • Total census 87,998 • Average family income $109,770 • Sherwood Park 3.8% • 55.3% some post • Rural Strathcona 0.9% secondary education • Total 2.9% • Average house price August 2010 MLS • Since 2006 6.7% $389,760* • Since 2001 22.2% Source: Edmonton Real Estate Board
    • Average Household Income Capital Region
    • Change in Population Capital Region
    • University Degree Capital Region
    • Who are we?
    • Who are we?
    • Who are we?
    • Who are we?
    • Where do we work?
    • Where do we work?
    • Workforce Exchange Fort Saskatchewan, Redwater, Gibbons, St. Albert, Sturgeon County, Morinville, Legal 130 1,735 1,465 Stony Plain Spruce Grove 21,245 Strathcona County Parkland City of Edmonton 12,285 live & work County 9,180 570 715 525 4,370 Total 2006 Total 2006 Beaumont, Leduc, Leduc Workforce Local Jobs County, Devon, Millet, Wetaskiwin 47,515 31,365
    • Strathcona County Building Permits Issued to December 2009 $841.0 850,000 800,000 750,000 700,000 650,000 600,000 V a lu e in M illi o n s 550,000 500,000 $428.5 Ind/Comm 450,000 400,000 $380.7 Residential 350,000 $290 $338.1 300,000 250,000 200,000 150,000 100,000 50,000 0 2005 2006 2007 2008 2009
    • Strathcona County Building Permits Issued to August $758.7 800,000 750,000 700,000 650,000 600,000 550,000 V a lu e in M illi o n s 500,000 450,000 Ind/Comm 400,000 350,000 Residential 300,000 $227.9 $271.0 250,000 $208.3 200,000 150,000 $286.5 100,000 50,000 0 2006 2007 2008 2009 2010
    • Building Permits Issued Aug -2010 Residential building permits $145,505,211 Industrial/commercial $125,059,038 New Buildings 90 Single detached dwelling 359 Mobile homes 8 Semi Detached 78 Rowhousing 49 Apartments 0 Total construction $271,053,274
    • Strathcona Indicators Residential Housing MLS Commercial/Industrial Real Estate – Colliers 2nd Quarter Report - Office vacancy up to 14.89% (One building 60,000 sq.ft.) including sublease 17.25% (Newman College space) Industrial Vacancy 0.26% Retail Sales - Down 2% YTD
    • Size of Universe Office Space 4,025,800 sq.ft. Multi Tenant 1,214,566 sq.ft. Self Storage 191,800 sq.ft. Single User 1,000,000 sq.ft. Retail Space 1,169,212 sq.ft. Source: Colliers Q-4 and CBR Retail Update Jan 2010
    • Strathcona Indicators – cont’d. New retail growth – Shoppers Drug Mart 2, Rexall Drugs 2, Save On Foods, Servus Credit Union, RBC, Rona (2010) Population growth - 2.9% YTY Building Permits Issued same as last year $ volume up Unemployment Rates – Static
    • Average House Price Sherwood Park 2010 520 455.9 443.9 440.2 434.7 424.1 $ Thousands 422.4 420 402.6 389.7 Median Average Edmonton 320 0 0 0 0 220 J F M A M J J A S O N D
    • Retail Sales Alberta vs Canada
    • Low Retail Vacancy Lowest Retail Vacancy Rates in the region (1.9%) Source CBRE -4th quarter 2009
    • Retail Floor Space Per Person (population / total square footage) Edmonton 32.04 St. Albert 27.76 Strathcona County 13.28 1,169,212 square feet of retail space in Strathcona County
    • New Projects 2010 • Trans America • Centre in the Park • Salisbury Village • Community Centre • Emerald Hills • Summerwood Retail • Sherwood Ford Bay • Strathallen • Laurin Industrial Redevelopment • Synergy Wellness • Hospital Centre
    • Strathallen Redevelopment e Blvd Broadmoor Baseline Road
    • Millennium Ridge
    • Salisbury Village – Phase 2
    • Emerald Hills Current Construction
    • Future Projects
    • Cambrian Crossing- Land Use concept
    • Cambrian Crossing
    • Emerald Hills Retail August 2010 Pending deals
    • Broadmoor Blvd. D r. d lan ke La Sherwood Dr.
    • Sherwood Ford Dealership
    • Main Floor Plan
    • Current Progress Family Social Services Second Floor Library
    • Community Centre Design Components • Total area of main floor approx 81,000 ft2 • Approx 400 underground heated parking stalls • Library (2 floors) • Admin Office space (2nd & 3rd Floors) • Meeting Rooms • Public Gathering & Event space • Commercial / Retail Units • Council Chambers
    • New Council Chambers
    • Summerwood Retail Project – Lakeland Drive and Clover Bar Road Save On Foods, TD Canada Trust, Shoppers Drug Mart, BMO
    • Latest Retail Update
    • First Capital Projects: Wye Road Expansion for London Drugs, Shoppers Drug Mart, Twisted Yogurt, Dollorama, Salvatore's, K-Lee Boutique New for 2010- Two new concept restaurants and new retail Sherwin Williams Paint
    • First Capital Project Wye Road Two new restaurants: 2011 Wild Wings Five Guys Burgers and Fries
    • Synergy Wellness Centre 14 doctors signed up with Medical Imaging and other opportunities
    • Synergy Pharmacy, Dermatology Clinic, Audiology Clinic, Dental Clinic
    • Strathcona Community Hospital
    • Construction Schedule • Grade beams start late September 2010 • Structural Steel starts late October • Building envelope starts March 2011 • Fit-Out starts Fall 2011 • Estimated completion, turnover late 2012, projected opening 2013 Hospital is being built to achieve Leadership in Energy and Environmental Design (LEED) Silver Certification
    • Laurin Industrial Area List pricing from $375,000 per acre to $525,000 per acre
    • NE Anthony Henday Planning
    • Scotford Upgrader Projected Capacity 280,000 bpd Current Capacity 155,000 bdp – 2006 Phase 1 100,000 bpd- 2010 Future Phase Under Review Peak Construction Labor Force 6000 Operating Labor (1st Phase) 175+ Projected Capital $12.8 Billion including mine in Ft. McMurray
    • Shell Refinery Shell Upgrader Expansion One Shell Chemicals Construction storage
    • Scotford Upgrader Expansion 2 Projected Capacity 400,000 Under Review Phase 4 100,000 – Phase 5 100,000 – Phase 6 100,000 Phase 7 100,000 – Two Gasifiers Peak Construction Labor Force 3800 Operating Labor (Final) 1,438 Projected Capital $27 Billion
    • Total E&P Canada Ltd. Projected Capacity 295,000 bpd Phase One 150,00 bpd 2013/2014 subject to final approval and market conditions Phase Two 95,000 bpd DE Bottle necking 50,000 bpd Peak Construction Labor Force 4,000 ERCB Approval Sept. 2010 Operating Labor (1st Phase) 400 Projected Capital $10 billion +
    • Other Heartland Projects:  Keyara Condensate Pipeline  Enhance Energy CO2 Pipeline  Shell Quest CO2 Pipeline  Federal Power Combustion Unit  MEG Energy Purchase of Stonefell Terminal  BP/Value Creation Partnership  Linear Pipeline Corridors  Josephburg Aerodrome  Potable Water Supply Josephurg
    • Approved by council over 3 years 1. Ardrossan Recreation Centre Reinvestment 2. Broadmoor Arena and Clubhouse Reinvestment 3. Millennium Place revitalization 4. Glen Allen Recreation Centre redevelopment
    • Ardrossan Recreation Centre Reinvestment
    • ICE DRY SURFACE Leisure ice doubles in size Addition of classrooms for preschool & childcare DRY SURFACE Youth activity centre increases opportunities for ages 8-18 years Gymnasium capacity doubles DRY SURFACE Repurpose existing gymnasium creating two floors Main floor adds program space
    • Conference Board of Canada Update  Province by province, the board forecasts:  Alberta will grow at 3.3% in 2010  Ontario will grow at 3.8%  B.C. will grow at 2.8%  Saskatchewan's economy will power ahead at 3.5%  Manitoba growth projected at 2.2%  Quebec will grow more than 2.6%  Newfoundland and Labrador will deliver growth of 2.4%  Nova Scotia's economy will grow by 2.2%  Prince Edward Island's economy expected increase is 2.2%  New Brunswick's growth will be limited to 1.8%
    • “Knowledge is Power” Francis Bacon For further information: Gerry Gabinet, Manager Economic Development and Tourism gabinet@strathcona.ab.ca or Randy Richards, Coordinator Commercial Development richards@strathcona.ab.ca or Jordan Rumhor, Coordinator Industrial Development rumhor@strathcona.ab.ca
    • Thank you for your attention! Sources of Information:  Chamber, EDT, Corporate Planning, EEDC  RBC, Scotia Bank, ATB, CIBC, BMO, Servus  Michael Roppelt, Remax  Conference Board of Canada, CMHC, Colliers, Cushman Wakefield, Trans America, Strathcona Commercial, Corporate Planning, RPC  Lorenz Team, ERB, RPC, EEDC  Millier Dickenson Blais Inc CRB Report