Projects

Projects 2017-07-03T03:30:43+00:00

In 2016, Stevenson Advisors was engaged by the landlord to provide the current market value of the office tower and parking structure located at 311 Portage Avenue (Centrepoint) and 529 Hargrave Street. 311 Portage Avenue consists of a 109,287 square foot Class A office building with a main floor retail component while 329 Hargrave Street is a multi-storey parking structure which is used in conjunction with 311 Portage Avenue at Centrepoint, Glasshouse Condominiums and The ALT Hotel.

Critical components of the study included a thorough discounted cash flow analysis, an analysis of the costs of development for the subject improvements and a look to other Canadian markets to gauge investor expectations of yields that would apply to investment in “A” and “AA” investment quality office assets.

In 2017, Stevenson Advisors was engaged by a prospective purchaser to provide the current market value of the office tower at 200 Portage Avenue, a 83,500 square foot Class B office building with a main floor/mezzanine retail component located at the iconic intersection of Portage Avenue and Main Street. The five storey building, which was originally constructed in 1979, is connected below grade to the downtown’s underground concourse system and features 11,368 square feet of space on the concourse level, occupied by Scotiabank’s main retail branch for Winnipeg.

Critical components of the study included a comprehensive lease rate survey, an analysis of sales comparables of Class A and Class B office buildings in Downtown Winnipeg and a look to other Canadian markets to gauge investor expectations of yields that would apply to investment in good quality office assets. The intended use of the study was to provide necessary market information to assist the client with matters relating to acquisition financing.

In 2015, Stevenson Advisors were engaged by the Forks Renewal Corporation to address the development potential of the 12.0 acre Railside Development and Parcel 4 land area. The purpose of the study was firstly to analyze the supply and demand factors that were projected to impact the subject area, with consideration given to the guiding principles and development framework presented by the client.  The function of the report was to provide information to the client to allow for strategic development planning for the subject area.

the forks the forks logo

In 2013, Stevenson Advisors were engaged by Manitoba Housing to carry out a feasibility analysis examining the potential of redeveloping a downtown multi-family tower to alternative uses.  The purpose of the study was to determine the financial feasibility of conversion through redevelopment, of an existing high-rise public housing project to an alternative use.  In specific, we examined valuation scenarios that included conversion of the building to accommodate 1) market rental apartments, 2) condominium apartments, and 3) a full service hotel.

manitoba housing

Stevenson Advisors were engaged by the Federal Government in 2013 to carry out a market and feasibility analysis examining the possibility and feasibility of divesting of surplus lands owned in connection with the operation of the Mint.  The analysis included a supply and demand analysis, development of a concept plan for redevelopment, estimation of costs for servicing and development of a pro-forma “Cost of Development” approach to valuing the lands.

the mint mint logo

In 2012, Stevenson Advisors were engaged by Palliser to provide a financial analysis for a conceptual mixed-use plan including the development of 2000 multi-family residential housing units, approximately 172,000 square feet of commercial development, various community service uses and an outdoor market area.

In 2015 Advisors carried out a subsequent analysis focusing on the potential residential development options for the neighbourhood design.  Critical components of the analysis included analysis of the supply and demand factors under various residential development options and identification of market opportunities.   The intended use of the study was to provide necessary market information to assist the client in the preliminary planning process. 

palliser logo

In 2015 Stevenson Advisors acted as sub-consultants to MMM Group Limited in the Preliminary Design and Public Consultation for the Marion Street Widening and Grade Separation project.  Advisors were engaged to establish market value estimates for capital cost budgeting associated with property takings required for the project.  Inventories of property takings (either full or partial takings) were compiled, property attributes were analyzed and an intensive market analysis was undertaken to determine market value metrics to derive value estimates.  For those properties subject to partial takings, compensatory costs associated with potential injurious affection claims from property owners were also quantified.

wsp mmm group

Stevenson Advisors acted as sub-consultants to Stantec Consulting Ltd. in 2015 in the Functional Design Consultation for the CPR Yards Crossing between McPhillips Street and Salter Street.  Advisors were again engaged to establish market value estimates for capital cost budgeting associated with property takings required for the project.  Inventories of property takings (either full or partial takings) were compiled, property attributes were analyzed and an intensive market analysis was undertaken to determine market value metrics to derive value estimates.  For those properties subject to partial takings, compensatory costs associated with potential injurious affection claims from property owners were also quantified.

stantec

In 2012 Advisors were engaged as sub-consultants to Dillon Consulting Limited, with the task of examining alignment options for the SWRTC Stage 2 extension.  Advisors role in the assignment was twofold: firstly, in providing comparative market value estimates for land acquisitions required to facilitate the alignment options.  Secondly, in developing a methodology to examine the development or redevelopment potential of the identified development land parcels for each of the alignment options.  Based on the principles of Transit Oriented Development and assuming a densification through mixed-use development, Advisors provided comparative estimates of potential volumes and types of development that would be attracted to the alignment option development lands over an established time horizon. Potential revenues flowing from the potential development were estimated and formed the basis for establishing estimates of incremental municipal tax increases.

dillon consulting  rapid transit  winnipeg logo

Why Choose Us
  • We have access to the most current data in the market.
  • We bring our full team to the table. Each of our appraisers is specialized and can bring a unique expertise.
  • We are the most timely appraisal service providers. Most single asset valuations can be completed in 5 – 10 business days.
  • We work with you, not for you. By communicating frequently and leading the appraisal process, we ensure you get what you want, how you want, when you want.
Stevenson Advisors worked for Dillon Consulting Ltd as a land/tax advisor for the City of Winnipeg’s Stage 2 Transitway Project. Their work was carried out in a very professional manner and their product exceeded our expectations. Their input on public and private owned lands and their analysis of estimated acquisition costs as well as tax incentive financing for the various options under consideration was crucial in the decision-making process.
David Krahn, Partner, Dillon Consulting Limited
Good planning requires good data. In regional planning projects undertaken by Stantec that require commercial and industrial data and assessments, we are comforted by the high quality of market data and detail provided by Stevenson Advisors. Brett and his team are quick to respond and flexible in adapting to our project requirements.
Warren Thompson, Principal, Project Delivery Office, Stantec
Stevenson Advisors has been a trusted partner of Palliser for many years. This service is always prompt and reliable.
Diane Dawiskiba, Vice President, Corporate Services, Palliser Furniture

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