Mixed-use high-rise site
10336-64 133A St. & 13380-90 103A Ave, Surrey
The property is strategically located in the civic core of Surrey City Centre just west of City Hall & Civic Plaza and within 245 metres of rapid transit. A total of 6 properties make up the subject site, with a combined land area of 1.16 acres.
Under the OCP, the land use for the area supports density of 5.5 FSR. Notwithstanding this, the City Centre Plan permits density increases of up to 20% in accordance with the City Centre Interim Density Bonus Policy. Under this policy, the subject site would be permitted a gross density of 6.6 FSR.
*With road acquisition from the City: 1.46 acres (63,507 SF)
There are two preliminary site concept plans in place for the subject site. One contemplates a 51-storey mixed-use tower consisting of residential above a 3-storey commercial podium for a total buildable area of 414,620 SF (includes road acquisition from the City). This is based upon the OCP and 6.6 FSR.
There is a further concept plan that has been contemplated setting out that, ”Given the location of the site next to the Civic Core and within an emerging ‘University District’, there is potential merit for additional bonus density beyond a 6.6 FSR in exchange for provision of amenities, community benefit, or uses that contribute to the vibrancy, character, and goals of the City Centre Plan for this area.” This concept proposes a 47-storey mixed-use tower consisting of residential above an 8-storey commercial podium for a total buildable area of 460,975 SF (includes road acquisition from the City). This is based upon a 9.16 FSR.
Further information is available for prospective purchasers upon a signed CA. Please note that any additional density increases would need to be confirmed with City of Surrey’s Planning & Development Department.
Recent and upcoming developments in the immediate area
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For due diligence materials including feasibility study, land survey and Phase 1 Environmental Report, please contact Cynthia Jagger at firstname.lastname@example.org
The information contained herein was obtained from sources which we deem reliable, and while thought to be correct, is not guaranteed by Goodman Commercial.