A 1.9 acre site in the City Centre area of Surrey has sold for $26,888,000. The site, improved with an older strip commercial centre known as Whalley Station Square, sold to Tien Sher Developments.

The site is located 2 minutes from Gateway Skytrain Station and is designated for residential and mixed-use in the Surrey City Centre Town Centre Plan. The maximum density is 4.2 FSR inclusive of a 0.7 FSR bonus.

The price equates to $78 per buildable SF based upon the max potential density.

The site had been listed for sale for $29,888,000.

Investors Group has sold Trenant Park Square, a 138,716 square foot,
open format, grocery and drugstore anchored retail centre located in the Ladner area of Delta, B.C. to Keltic Canada, for $64,500,000, or a 4.8% cap rate. The property was built in 1989 and sits on a 9.7 acre site with future development upside.

The property was listed and sold by Jones Lang Lasalle. It is anchored by FreshCo. and London Drugs; other tenants include RBC, Dollarama, Starbucks, Cobs Bread, Subway and Kin’s Farm Market.

Keltic Development has submitted their formal development application for 220 Prior Street, a 20,000 SF site, an I-3 zoned site adjacent the future new St. Pauls Hospital that they acquired in February 2020 for $25,000,000.

The proposal for the site includes a new 10-storey office building that includes:

• 1,600 SF of retail on the ground floor;
• 16,000 SF of manufacturing/light industrial uses on the main & 2nd floor;
• 84,000 SF of medical office space;
• a total density of 5.0 FSR;
• a building height of 149 ft.;
• 173 parking spaces on four underground levels.

Under the site’s existing I-3 zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Director of Planning.

The architect for the project is MCMP Architects.

Reliance Properties has submitted a development application to rehab and expand a building that they own at 837 Beatty Street in Downtown Vancouver.

The plan includes preserving the existing 2-storey heritage warehouse/office building constructed in 1911, and adding three additional floors of office space. The site is zoned DD is 6,992 SF.

A previous proposal for a 26-storey residential tower was not supported by the City due in part to shadowing on Terry Fox Plaza.

Details include:

• retail uses on the ground floor;
• office uses on the 2nd to 5th floors;
• rooftop amenity space;
• a total building area of 39,000 SF;
• modern mass timber beams and columns and laminated timber floors;
• steel elements to provide code compliant lateral resistance;
• a building height of 90 ft.;
• a density of 5.50 FSR including a 10% heritage density bonus;
• loading is located in the lower level having vehicular access from the lane.

Under the site’s existing DD zoning, the application is “conditional” so it may be permitted; however, it requires the decision of the Development Permit Board.

Reliance acquired the site in 2015 for $9,880,000.

The architect for the project is OMB Architects.

Electronic Arts is proposing a major expansion to it’s Burnaby campus at 3700 Gilmore Way, across Sanderson Way from their existing campus.

The project consists of two new office buildings for EA on a 12.57 acre site with M5 and M8 zoning. An existing 110,000 SF office building occupied by Schnieder Electric on the site will be retained.

The plan calls for two 3/5-storey (due to slope) buildings, that include:

• 297,000 SF of office space;
• a total density of 0.75 FAR inclusive of the existing building;
• 3 levels of underground parking;
• 624 parking spaces;
• a new urban plaza connecting the two buildings.

The architect for the project is Dialog.