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

Strathcona update sept.20 2010

  • 1.
    Strathcona Update Sept. 20, 2010
  • 2.
    Agenda  Who weare  Where we work  Recent Projects  New Projects 2010  NE Anthony Henday Plans County Roads  Alberta Industrial Heartland Updates
  • 3.
    By the Numbers: PopulationGrowth 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
  • 4.
  • 5.
    Change in PopulationCapital Region
  • 6.
  • 7.
  • 8.
  • 9.
  • 10.
  • 11.
  • 12.
  • 13.
    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
  • 14.
    Strathcona County BuildingPermits 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
  • 15.
    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
  • 16.
    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
  • 17.
    Strathcona Indicators Residential HousingMLS 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
  • 18.
    Size of Universe OfficeSpace 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
  • 19.
    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
  • 20.
    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
  • 22.
  • 23.
    Low Retail Vacancy Lowest Retail Vacancy Rates in the region (1.9%) Source CBRE -4th quarter 2009
  • 24.
    Retail Floor SpacePer 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
  • 25.
    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
  • 26.
    Strathallen Redevelopment e Blvd Broadmoor Baseline Road
  • 27.
  • 28.
  • 29.
  • 30.
  • 31.
  • 32.
  • 33.
    Emerald Hills Retail August2010 Pending deals
  • 35.
    Broadmoor Blvd. D r. d lan ke La Sherwood Dr.
  • 36.
  • 37.
  • 38.
    Current Progress Family SocialServices Second Floor Library
  • 39.
    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
  • 40.
  • 41.
    Summerwood Retail Project– Lakeland Drive and Clover Bar Road Save On Foods, TD Canada Trust, Shoppers Drug Mart, BMO
  • 42.
  • 43.
    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
  • 44.
    First Capital ProjectWye Road Two new restaurants: 2011 Wild Wings Five Guys Burgers and Fries
  • 45.
    Synergy Wellness Centre 14doctors signed up with Medical Imaging and other opportunities
  • 46.
    Synergy Pharmacy, DermatologyClinic, Audiology Clinic, Dental Clinic
  • 48.
  • 49.
    Construction Schedule • Gradebeams 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
  • 50.
    Laurin Industrial Area List pricingfrom $375,000 per acre to $525,000 per acre
  • 51.
  • 52.
    Scotford Upgrader Projected Capacity 280,000bpd 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
  • 53.
    Shell Refinery Shell Upgrader Expansion One Shell Chemicals Construction storage
  • 54.
    Scotford Upgrader Expansion 2 ProjectedCapacity 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
  • 56.
    Total E&P Canada Ltd. Projected Capacity 295,000bpd 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 +
  • 57.
    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
  • 58.
    Approved by councilover 3 years 1. Ardrossan Recreation Centre Reinvestment 2. Broadmoor Arena and Clubhouse Reinvestment 3. Millennium Place revitalization 4. Glen Allen Recreation Centre redevelopment
  • 59.
  • 61.
    ICE DRYSURFACE 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
  • 64.
    Conference Board ofCanada 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%
  • 65.
    “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
  • 66.
    Thank you foryour 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