25 Acre Development Site

Overview

The subject property is a 25 acre commercial development site adjacent to the largest open air retail hub in British Columbia.  It is located approximately 40 km south east of the City of Vancouver in the Grandview Heights area of South Surrey, BC.  For a detailed information package, click here.

Location

The Property is located approximately 25 miles south east of the City of Vancouver in the Grandview Heights area of South Surrey, B.C. The City of Surrey is the second fastest growing city in Canada. With over 470,000 people, and growing by 10,000 people per year, Surrey’s population is expected to exceed the City of Vancouver’s by 2020.

South Surrey, located in the southwest corner of the Province adjacent to the US Border, is one of Metro Vancouver’s and BC’s most affluent and beautiful communities. The community is divided by Highway 99. To the west is the mostly developed Semiahmoo Peninsula, which Surrey shares with the City of White Rock. The Peninsula is surrounded on three sides by the Pacific Ocean and beaches. To the east of Highway 99 is Grandview Heights, an area of approximately 2,000
acres, which is largely undeveloped. Grandview Heights is surrounded on three sides by the Agricultural Land Reserve and the U.S. Border. 

Specifically, the Property is strategically located on the northeast corner of 20th Avenue and Croydon Drive (160th Street) in the Grandview Heights area. The Property is to the immediate south of Grandview Corners Shopping Centre and The Shops at Morgan Crossing which total 1.1 million sq. ft. of upscale retail. The Property’s location provides excellent exposure to Highway 99.

Highlights

• One of Metro Vancouver’s most affluent communities
• Average household income $105,000 within a 15 minute drive
• Adjacent to BC’s largest open air shopping centre
• Approved for 460,000 to 600,000 sq. ft. retail/office project
• Freeway exposure – easy access
• Immediate area approved for over 12,000 new homes

For a detailed information package, click here.

Approved Project

The Property has received 3rd reading approval for rezoning to a CD zone under C-8 guidelines to permit the development of a retail/office project of 460,000 gross sq. ft. in seven buildings.  The development includes 328,183 sq. ft. of retail and 90,444 sq. ft. of office space for a total net leasable area of 418,627 sq. ft.  Surrey Planning have given approval to expand the project to 600,000 sq. ft. if desired.

For a detailed information package, click here.