Although it was finished relatively just recently, the developers of the ICE District in Edmonton have put the Connect Centre retail complex next to Rogers Place on the market, according to a new commercial property listing that came online this week.The ICE District is a $2.5 billion mixed-use sports and entertainment district being established around Rogers Location, the home of the National Hockey League’s Edmonton Oilers. The ICE District spans around 25 acres in the heart of downtown Edmonton and consists of office buildings, residential buildings, a hotel, retail space, a public plaza, a park, and more.
The designers of the ICE District are Katz Group– the moms and dad company of Oilers Entertainment Group, the owner of the Edmonton Oilers– and ONE Properties, with DIALOG developing most of the significant components.Completed parts consist of the 29-storey Edmonton Tower, the 56-storey JW Marriott Edmonton, and the 66-storey Stantec Tower, in addition to the Link Centre, a two-storey industrial complex that is home to 113,776 sq. ft of retail area, anchored by a Loblaws CityMarket. Other tenants include CIBC, National Bank, the Genuine Canadian Liquorstore, the Edmonton Oilers Official Team Shop, and The Canadian Brewhouse. A summary of the ICE District in downtown Edmonton and the Connect Centre./ Avison Young, TD Cornerstone The Connect Centre makes up a full block instantly south of Rogers Location and immediately west of the JW Marriott Edmonton and Stantec Tower. The northern side of the complex, nevertheless, was initially set to act as a podium for a 16-storey office tower anchored by Canadian Western Bank (which was soaked up by National Bank in 2015 ), however was later on cancelled.The stratified advancement air rights therefore stay offered and is also being offered in addition to the Connect Centre, either together or separately.The Listing The Link Centre and development air rights were listed for sale today by commercial real estate brokerages Avison Young and TD Foundation
Commercial Real estate
, which called the using a”prime mixed-use asset with redevelopment capacity in Edmonton’s ICE District.”Address: 10308 103 Street NW, Edmonton Gross Leasable Area: 113,776 sq. feet Existing Tenancy Rate: 89% Zoning: AED -Arena & Home Entertainment District Rate: Unpriced Listed By: Avison Young(Cory Wosnack, Reed Newnham, James Robertson, Mark Sinnett)and TD Foundation(Ashley Martis,
of incomes, while CIBC and National Bank represent each 29 %and 11%, assuring a future owner of protected and long-lasting earnings security backed by financial investment grade tenants. The balance of the tenancy profile consists of the corporately owned The Canadian Brewhouse( 27% ), Edmonton Oilers (12%), and Plantlife Marijuana(3% ).” As for the development air rights, the listing team keeps in mind that the site can accommodate approximately 582 rentals/ 500,000 sq. ft in a structure with an optimum height of 195 metres (640 ft), based upon the scope of a previous property development authorization. The Connect Centre was finished with 250 devoted car parking stalls allocated to service future development, which now likewise provides substantial cost and time cost savings for future building. The cancelled 16-storey office building(left)and an illustration of the current development potential(right)./ Avison Young, TD Foundation”Connect Centre is an integral component of ICE District– a lively community with citizens, workers and visitors,”the listing group concluded.”The dining establishments, cafés, and daily-needs retail make ICE District a livable, walkable environment. Rogers Place, home of the Edmonton Oilers, has actually invited the Stanley Cup finals for the last two years, drawing over a million visitors every year to the area.””Along With Connect Centre, ICE District includes landmark locations such as Stantec Tower– Canada’s tallest workplace and property building west of Toronto– and the JW Marriott hotel. With direct connections to the LRT, major bus routes, and Edmonton’s downtown pedway system, ICE District stands as a premier example of transit-oriented advancement at the heart of one
of Western Canada’s the majority of dynamic city centres.”