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Surrey’s City Centre has seen record levels of low and high-rise development activity year over year. Lack of developable low-rise multifamily development land, of scale, has made City Centre the location for home buyers and investors alike. Amenities such as SFU, Kwantlen Polytechnic University, Gateway SkyTrain Station, access to major transportation routes and all levels of lifestyle amenities are what make City Centre an attractive destination as the downtown hub of the Fraser Valley.
The Property is currently designated Highway Commercial Industrial Zone (CHI) which is intended to accommodate commercial and related uses which require exposure to major highways allowing for commercial uses such as: retail stores, eating establishments, assembly halls, community services, office uses, child care centres, cultural uses and more.
Under the City Centre Plan, the Property is designated as Residential Low to Mid Rise up to 2.50 FAR. Nearby approved development applications have been approved for density of up to 4.20 FAR for similarly designated sites with building heights of 26 to 37-storeys.