Real Estate Services Atlantic RPIC-Ottawa Best Practices-Project Management RPB. The Story of Acadia Park Kelly Bush & Mike Spurr November 18, 2015
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1 Real Estate Services Atlantic RPIC-Ottawa Best Practices-Project Management RPB The Story of Acadia Park Kelly Bush & Mike Spurr November 18, 2015
2 Agenda 3 Welcome 4 Background 6 Project Overview 11 Disposal Process 12 Acadia Park 19 Acadia Park Revised 22 Go to Market 24 Results 29 Closing & Q&A 2
3 Welcome Public Services and Procurement Real Estate Services Atlantic Region Welcome Welcome Disposal of DND s Acadia Park Moncton, NB 3
4 Acadia Park, Moncton NB. Background 4
5 Project Background Ø The Department of National Defence (DND) built the married quarters in 1959, for their program requirements. Ø Approximately 33 former DND houses at Acadia Park were disposed of between All units went to the private sector. Ø DND declared the remainder of these lands at Acadia Park surplus in DND approached Public Works and Government Services Canada (PWGSC), as the government s common service provider, to manage the disposal. Background Ø The property consisted of 74 Residential Housing Units, 2 vacant lots of land and 1 community building in the West end of Moncton, New Brunswick 5
6 Project Overview 6
7 Project Overview 7
8 Project Overview 8
9 Project Overview 9
10 Project Overview 10
11 Stakeholders etc Project Considerations Community Interest Political Interest Media Interest Realtor Interest DND timelines Policies framework No Surveys Individual PIDs Zoning Neighborhood Disposal Process 11
12 R&D of The Plan Acadia Park 12
13 Innovation Acadia Park The goal was to sell Acadia Park quickly, while achieving the best value for the crown and minimize the impacts on the local housing markets. 13
14 Acadia Park: The Plan May 2014 Ø Minimize the market exposure and create competition Initiation 4 week news paper advertising Phase Target Investors Implementation Phase Include Individual Home Owners Ø Arrange viewings-1 day per week for 3 weeks Ø The goal was to create competition between and amongst the groups while respecting market value and the goal of expeditious disposal. There were 3 possible outcomes: All would be sold None would be sold The most likely outcome was somewhere in between. Acadia Park 14
15 Seems harmless enough Acadia Park 15
16 Media and Public are concerned NIMBY Restrictions on purpose Public wanted control over the process Politicians were involved Fear of past repeats Fear of developers putting up shopping malls or another large development Acadia Park 16
17 Reviews. Did the plan address concerns? Are those concerns within Policy? Acadia Park 17
18 Acadia Park New Brunswick Elections September 22,
19 Acadia Park Revised Déjà vu Moncton s West End residents want another Information Session 19
20 Meeting Outcomes: Change Wanted parity with developers Didn t understand how the process would work Add something before February Acadia Park Revised 20
21 Partnership: Leveraging the Private Sector Acadia Park Revised 21
22 January 26, 2015: The Homes hit the Market Go to Market January 27, 2015: The winter of 2015 will be remembered for the parade of storms tracking through Atlantic Canada, leaving behind staggering tallies on snowfall amounts. 22
23 Collaboration DND and PWGSC Communication Responsiveness Flexibility Trust Success Go to Market 23
24 Survey says. Results 24
25 Phase I Medium Developer SUCCESS! Large Developer Medium Developer Results Small Developer Home buyer Small Developer 25
26 Phase II- 3 Properties remained Results 26
27 Comments received from some stake holders: My partners and I were very impressed with the design of this process. Things are going very well. Adding new students on a daily basis. All renovations completed. Building looks great. Next time you are in town I would like to provide you with a tour. There should be a story written on the rejuvenation of the neighborhood. Very nice to see the young families moving in. Homes being renovated. The neighborhood has come to life again. Would make for a great story. Results Thank you so much, we are so happy with our home! It s so nice to see people in this neighborhood again! 27
28 Partnership Results Innovation + Trust = Success. 28
29 Closing and Q&A Closing and Q&A 29
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