Surrey/South Fraser Updates

[giallo]

I never thought of that, but yeah, as Vancouver builds a ton more housing over the next decade or so, we may see growth in other municipalities slow down in comparison

[madog222]

Great shots and video giallo!

They really helped with updating the crane count

[giallo]

You're welcome. I was taken back by how much construction was centered around Central City and King George Stations.

[mcj]

Originally Posted by giallo

I never thought of that, but yeah, as Vancouver builds a ton more housing over the next decade or so, we may see growth in other municipalities slow down in comparison

I think Surrey will still see growth with SFHs and rowhomes/townhomes since there's still plenty of land to subdivide/redevelop. Towers in Surrey could slow down, but the region has so much pent up demand I don't think it'll severely hamper growth.

As of right now though, Vancouver is heavily prioritizing PBRs, so Surrey still is likely to receive overflow from those seeking to purchase a condo.

Also, your photos are spectacular as always!

[Greetingsfromcanada]

Originally Posted by mcj

I think Surrey will still see growth with SFHs and rowhomes/townhomes since there's still plenty of land to subdivide/redevelop. Towers in Surrey could slow down, but the region has so much pent up demand I don't think it'll severely hamper growth.

As of right now though, Vancouver is heavily prioritizing PBRs, so Surrey still is likely to receive overflow from those seeking to purchase a condo.

Also, your photos are spectacular as always!

There's about 15-20 years worth of suburban development left in Tynehead and South Surrey. Newton has been built out as of 2020ish. There's still room for starts to grow everywhere. Housing really is that bad. But Surrey will never overtake Vancouver.

The catchup growth was driven by detached homes with basements and townhomes that could accommodate way more people than the apartments of Vancouver. But now Surrey's starts are swinging to be more condo heavy.
At best, it keeps getting closer over the next decade as the final batch of suburban development happens before Vancouver pulls away forever.

[kja384]

Two pretty large developments for West Clayton:

713 units in 7x 6 storey buildings by Zenterra
https://www.surrey.ca/sites/default/...23-0255-00.pdf

100+ SFH and 251 townhomes by Streetside
https://www.surrey.ca/sites/default/...22-0262-00.pdf

[BaddieB]

That first one references having an FSR of 3.0 as it is in a tier 3 TOD zone. It's interesting that we are starting to see the TOD law kick in in applications. My question is, the BC Conservatives have said they would scrap the law if elected. What would that mean if an application under this law is passed before the law is scrapped, assuming the City also undoes that upzoning. Would the project have to go back to the drawing board, or would they be grandfathered in.

[officedweller]

Comma - King George

From Rize twitter today:


Our construction team has completed the residential tower window wall, with framing ongoing on the 38th floor.
https://twitter.com/RizeProperties



On the commercial end, the team is working on the exterior framing of the 4th floor of the heritage building. The Surrey Medical Building is a valuable part of the postwar era development of the city with its New Formalist architectural expression designed by architect Peter Cole
https://twitter.com/RizeProperties

[Vin]

Originally Posted by BaddieB

They have a long way to go before that area becomes remotely pleasant. Surrey is Vancouver overflow parking, and I feel like with all the upzoning in Vancouver, developers are going to shift focus to building along Broadway, Cambie, and Renfrew/Rupert than in Surrey.

Exactly.

Vancouver's reluctance is suburb's gain.

Vancouver's acceptance is suburb's loss.

[logicbomb]

Originally Posted by kja384

Two pretty large developments for West Clayton:

713 units in 7x 6 storey buildings by Zenterra
https://www.surrey.ca/sites/default/...23-0255-00.pdf

100+ SFH and 251 townhomes by Streetside
https://www.surrey.ca/sites/default/...22-0262-00.pdf

Try finding parking in these neighborhoods during the evening or weekend hours. It's a total nightmare visiting these areas.

I really wish the larger townhome developments would incorporate underground parking garages for additional parking + visitor parking spots. I get the Skytrain system is coming but the lack of walkability plus any real grid makes getting around Surrey its self a major chore unless you drive a vehicle.

[kja384]

Site Of Foreclosed 67-Storey AimForce Project In Surrey Listed For $75M

https://storeys.com/aimforce-10227-k...osure-listing/

The appraisals are all over the place, $45m, $75m, and $95m.

Could definitely see Anthem buying it and doing something similar to their Citizen project. Though they are moving incredibly slowly on their Georgetown project compared to their projects in other municipalities. I think the buyer pool for this site is going to be very small.

[CoryHolmes]

I was really hoping this one would go off without a hitch. We need more tall towers in Central City.

[kja384]

A development application from Wall Financial Corporation to rezone a portion of an 8 acre site to develop a 36 storey tower in Guildford was submitted recently. Quite a change from the OCP which states low rises and a FAR of 1.6.

https://citizenportal.surrey.ca/citi.../folder-detail

Directly west to this site there is a 13 acre land assembly for sale.
https://www.loopnet.ca/Listing/14871...y-BC/25351645/

[BaddieB]

Odds it is approved?

[SpongeG]

Originally Posted by kja384

A development application from Wall Financial Corporation to rezone a portion of an 8 acre site to develop a 36 storey tower in Guildford was submitted recently. Quite a change from the OCP which states low rises and a FAR of 1.6.

https://citizenportal.surrey.ca/citi.../folder-detail

Directly west to this site there is a 13 acre land assembly for sale.
https://www.loopnet.ca/Listing/14871...y-BC/25351645/

the link is expired, is there an address?

[kja384]

Originally Posted by SpongeG

the link is expired, is there an address?

I don't think you can link development applications anymore, they seem to have made some changes to COSMOS.

It is an 8 acre site at 10611 150 St
Currently consists of rentals and a few strata units.

[jollyburger]

Originally Posted by SpongeG

the link is expired, is there an address?

Project Number24 - 000186
DescriptionOCP Amendment for a portion of the site from Multi-Residential to Town Centre and text amendment to allow a increased density from 3.5 FAR to 3.96 FAR; NCP Amendment from Low Rise Transition to High Rise; Rezoning a portion of the site from RM-45 to CD (based on RM-135); Subdivision from one (1) lot into two (2) lots; Development Permit for a 36 storey high rise with 270 residential units.
Address
10611 150 St

Maple Place

https://www.wallfinancialcorporation...io/maple-place

[Mishpet1]

Hey. Can anyone share info with regards to all of those apartments that were torn down across from the riverside mall on 108th in Surrey. Higher density going in? Thanks

[kja384]

Originally Posted by Mishpet1

Hey. Can anyone share info with regards to all of those apartments that were torn down across from the riverside mall on 108th in Surrey. Higher density going in? Thanks

Looks like 424 total rental units in two 6 storey buildings. The owner of the property originally proposed this development 3 years ago, it appears they were just waiting for the units to empty out.

https://www.surrey.ca/sites/default/...20-0143-00.pdf

[SpongeG]

Originally Posted by kja384

I don't think you can link development applications anymore, they seem to have made some changes to COSMOS.

It is an 8 acre site at 10611 150 St
Currently consists of rentals and a few strata units.

Thanks, I've passed that building a few times this week, due to roadworks on 108th. The building is fenced off and the windows are all boarded up, looks like demolisition could be happening soon. So that site will become a highrise? that's quite the change.