Cushman & Wakefield presents a rare opportunity to acquire two adjacent parcels totaling 5.67 acres of bare land in the heart of Surrey’s rapidly evolving City Centre. Located on the south side of 104 Avenue, just west of 140th Street, the site is designated for mid to high-rise development under the Surrey City Centre Neighborhood Community Plan (NCP), allowing for a 3.5 Floor Area Ratio (FAR). This zoning supports a wide range of mixed-use and residential development, making it ideal for high-density urban projects.
The area is undergoing significant transformation, with multiple high-rise developments planned or underway, including seven towers by Anthem Properties. The site is within walking distance of SkyTrain stations, Central City Shopping Centre, Civic Plaza, and a growing mix of retail, hospitality, and institutional amenities. Highway 1 is just a five-minute drive, offering seamless regional connectivity.
Demographic trends reinforce the site’s long-term value, with a population of over 219,000 within a 5 km radius and projected growth continuing through 2025. The average household income in the area exceeds $92,000, and the median age of 36.8 reflects a vibrant, working-age population. With conditional approvals already in place for nearby projects, this site is well-positioned to capitalize on Surrey’s momentum as one of Metro Vancouver’s fastest-growing urban centres.