Northwest Development Selling 50 And 42-Storey Project In Surrey

  • 📰 storeyspub
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 74%

Property Property Headlines News

Property Property Latest News,Property Property Headlines

Howard is based in Burnaby and covers real estate, housing policy, and the development industry. Signal: HowardChai.24

​Northwest Development was planning a total of 1,019 units at 10662 King George Boulevard and 10677 Whalley Boulevard in Surrey.While the Whalley neighbourhood of Surrey continues to be a hotbed of high-rise real estate developments, one developer has made the decision to move on from a two-tower project they had in the works.

According to Colliers, the City of Surrey granted the project a third reading in December 2020, meaning the developer who takes over the project only needs to fulfill the outstanding conditions to receive final approval. The developer who takes over the project will also have to pay community amenity contributions . According to the City, the project is subject to both Tier 1 CACs and Tier 2 CACs. The project is also subject to the City's Affordable Housing Contribution policy and public art policy.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 16. in PROPERTY

Property Property Latest News, Property Property Headlines