- Sold
Description
Original Opportunity: 2 Lot Assembly in Surrey
SOLD To: PCI Projects Corporation
Development: 100% Rental Tower, 41 Storeys, 401 units
Land Assembly in City Center Plan Allowing Mixed Use With RMC-150 Designation
The City of Surrey’s City Center Plan designates the site as a Multiple Residential mid to high rise tower. Through a successful rezoning of the site, the buyer will be able to achieve a maximum base density of 3.5 FSR for the development. Additionally, the City of Surrey offers bonus density totalling a maximum of 20% of the base density. This results in a total FSR of 4.2 for the development.
Salient Facts
- Address 9759-9761 & 9775 137A Street
- Neighbourhood City Centre, Surrey
- Current Zoning RF (Single Family Residential)
- Proposed OCP Designation RMC-150 (Multiple Residential Commercial)
- Base Density 3.5 FSR
- Bonus Density 20% Bonus Density (0.7 FSR)
- Max Allowable Density 4.2 FSR
- Gross Site Area 19,663 SQFT
- Buildable Area 68,820-82,546 SQFT
Key Features
- Feature 1: SOLD TO PCI Projects Corp.
- Feature 2: "King George Hub" in Surrey City Centre
- Feature 3: 100% Rental Housing Tower
Location
- Description: Situated in the heart of Surrey’s City Center, walking distance from the King George Skytrain Station, this site provides an early opportunity to be a part of a rapidly developing community. Active development companies in the area such as Century Group, Bosa Properties, PCI Group, and Concord Pacific are driving the success of this growing community. Points of interest that are in close proximity include Surrey Central station, Surrey Public Library, Surrey City Hall, Simon Fraser University, Central City shopping centre, etc.
