16450 16th Ave
Surrey, BC V3S 9X7
Property For Lease
HIGHLIGHTS
- Over 3,811 units of new residential development were accounted for in Surrey at the end of 2018
- Surrey’s rapid growth still continues to provide affordable housing prices compared to other cities such as Vancouver, Richmond and Burnaby
- Convenient connections to the United States through Peach Arch and Pacific Highway border crossing via Highway 99
- Surrey is one of the fastest growing cities in Canada with a population of 561,574 (2020) and is expected to grow an additional 8.7% by 2025
PROPERTY FACTS
| Property Type | Retail |
| Property Subtype | Storefront |
| Gross Leasable Area | 113,700 SF |
| Year Built | 2026 |
| Construction Status | Proposed |
ABOUT THE PROPERTY
The subject site is a rare opportunity to be part of a new retail development providing a dominant position to service both the existing population of South Surrey and the future growth area of Grandview Heights. Grandview Heights is a thriving up and coming neighbourhood within South Surrey. With 2 out of 5 neighbourhood concept plans approved, Grandview Heights has seen a rise in residential, commercial and industrial development in the area. Surrey’s Official Community Plan (OCP) was amended in 2001 to include a strong business development focus and policies to create a strong and sustainable local economy. Grandview Heights’ Highway 99 Corridor was identified as an attractive area for business, with the ability to achieve the OCP’s economic development targets. Highway 99 and 16 Avenue falls within the Highway 99 Corridor Plan. The Plan is intended to further strengthen Surrey’s business development focus and is expected to generate approximately $300 million to $350 million in new business property assessments and home to over 6,000 new jobs.
