Surrey Development Site Sells in $27 Million Deal
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.