Recently SOLD – 13852 13868 101 Ave Surrey, BC – High Rise Development Site with permits

Recently SOLD – 13852 13868 101 Ave Surrey, BC – High Rise Development Site with permits

  Address: 13852 – 13868 101 Ave, Surrey BC – High Rise Development Site SOLD LOT: ~ 51,300 SF Buildable: ~150,000 Units: 167 Height: 24 Storeys PRICE: Confidential Call for more info. This 167 UNIT 24 Storey High Rise Developmet Site was an off-market deal that we were able to put together. At the time of sale the presale market in Surrey was was showing extreme demand for purchasers with similar projects selling out their finished product in less than 3 weeks. We sold this late stage development opportunity to one of our clients the Everest Group. We were pleased to put the deal together at a time in the marketplace where it was very difficult to source and find high rise development sites in Surrey City Center which is now the fastest growing area in Canada. This was a particularly challenging site to work on because of the technicalities involving a Phase II of a previous tower and also the irregular shape of the lot and parking structures involved in the future development. Our scope of work consisted on sourcing and finding the site, dealing with the owner of the property, analysing all the metrics and running development proforma scenarious based on different market prices, analyzing and compiling construction costs, soft costs, hard costs, financing costs and making sure all the numbers fit into a favorable development project. We had meetings with architects, general contractors and City of Surrey in order to complete a full due diligence on the feasibility of the project. Today the project is at the pre-sale stage and it is very rewarding going from plans and being able to see an actual physical pre-construction package avaialabe to future end users and investors. If you are interested in development activity and potential off-market development sites in the Greater Vancouver area or specifically the City Center in Surrey, call Eni at 778-371-1534        ...

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High Rise Development Site For Sale in Surrey City Centre -10925 University Dr. Surrey

High Rise Development Site For Sale in Surrey City Centre -10925 University Dr. Surrey

PROPERTY DETAILS: ADDRESS: 10925 University Dr. Surrey FAR: 5.5 (from OCP) + 20% Potential Bonus Density SITE SIZE: 37630sqft BUILDABLE POTENTIAL:  206,000 – 248,000 sqft based on OCP ZONING: CD PRICE: Call for pricing       Comments: RARE high rise development opportunity in Surrey City Center. 5.5 FAR with potential to make it 6.6FAR right next to Gateway Skytrain station. Bare land on a flat lot right next to an existing residential tower. Site area is 37633 appx with a buildable of appx 248,000sqft. The area is one of the fastest growing neighbourhoods in Western Canada.  A lot of the service work is already setup, due to neighbouring property. This is a share sale. Call Eni at (778)371-1534 for more info or fill out the contact form to receive a information package. *All potential FAR densities are taken from the OCP and depend on negotiations with the City of Surrey. Up to 20% Bonus density is offered by the City of Surrey if certain requirements are met in terms of specific design guidelines. Recently sold.       View Larger Map View Larger Map Call Eni at (778)371-1534 for more info or fill out the contact form to receive a information package. Surrey Development Site Contact Us Please fill out this form and we will get in touch with you shortly....

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