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

1. Strathcona Update
Sept. 20, 2010

2. Agenda
 Who we are
 Where we work
 Recent Projects
 New Projects 2010
 NE Anthony Henday Plans County Roads
 Alberta Industrial Heartland Updates

3. 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

4. Average Household Income Capital Region

5. Change in Population Capital Region

6. University Degree Capital Region

7. Who are we?

8. Who are we?

9. Who are we?

10. Who are we?

11. Where do we work?

12. Where do we work?

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 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

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 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

18. 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

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. Retail Sales Alberta vs Canada

23. Low Retail Vacancy
Lowest
Retail
Vacancy
Rates in the
region
(1.9%)
Source CBRE -4th quarter 2009

24. 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

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. Millennium Ridge

28. Salisbury Village – Phase 2

29. Emerald Hills Current Construction

30. Future Projects

31. Cambrian Crossing- Land Use concept

32. Cambrian Crossing

33. Emerald Hills Retail
August 2010 Pending deals

35. Broadmoor Blvd.
D r.
d
lan
ke
La
Sherwood Dr.

36. Sherwood Ford Dealership

37. Main Floor Plan

38. Current Progress
Family Social Services 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. New Council Chambers

41. Summerwood Retail Project – Lakeland Drive and Clover Bar Road
Save On Foods, TD Canada Trust, Shoppers Drug Mart, BMO

42. Latest Retail Update

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 Project Wye Road
Two new restaurants:
2011
Wild Wings
Five Guys Burgers
and Fries

45. Synergy Wellness Centre
14 doctors signed up with Medical Imaging and
other opportunities

46. Synergy Pharmacy, Dermatology Clinic, Audiology Clinic,
Dental Clinic

48. Strathcona Community Hospital

49. 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

50. Laurin Industrial
Area
List pricing from $375,000 per
acre to $525,000 per acre

51. NE Anthony Henday Planning

52. 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

53. Shell Refinery
Shell Upgrader
Expansion One
Shell Chemicals
Construction
storage

54. 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

56. 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 +

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 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

59. Ardrossan Recreation Centre Reinvestment

61. 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

64. 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%

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 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