City of Surrey's Massive 67-Storey Tower Application is the Largest to Date

City of Surrey's Massive 67-Storey Tower Application is the Largest to Date

Tonight's council meeting (November 28, 2022) will see Surrey's tallest high-rise application seek its' initial first & second reading approval by the new city council.
Located at the northwest corner of King George Blvd and 102 Avenue (RBC Bank Site) - an iconic corner bordering the city centre square.

The building calls for the development of the following:

  • 67-storey mixed-use building consisting of a 746 residential units, 7-storey commercial and office podium & 8-storey residential podium
  • 755,045 square feet of total buildable area:
  • Residential - 529,468 square feet
  • Commercial & Office - 209,056 square feet
  • Amenity - 16,522 square feet
  • 10.9 FSR (Gross)
  • 785 Parking Stalls (7 levels of parkade)

Key Rationales for approval (from application):

  • Although the proposed density on the subject site is higher than that prescribed in the OCP and City Centre Plan, the proposed mixed-use tower with commercial/office podium and residential podium will support and complement the Central Business District Area 2
  • The proposed height and density of the development is consistent with an evolving urban context in the City Centre
  • The proposal is seeking to provide a significant office component, with approximately 19,422 square metres of office and commercial floor space proposed. This equates to 3.1 FAR of commercial and office floor space or approximately 28% of the total floor space proposed.

Residential Unit Data:

  • Studio - 226
  • 1 Bed - 16
  • 1+Den - 183
  • 2 Bed - 122
  • 2+Den - 57
  • 3 Bed - 42
  • Total - 746
The site was sold in 2018 for a total of $54,000,000, equating to $71 per gross buildable.

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