William Wright Commercial is pleased to present the opportunity to acquire a rare scale 41,945 SF townhouse development site along 92 Avenue, situated in the highly anticipated Fleetwood Area Plan. The City of Surrey proposes a townhouse development, utilizing 1.0 FAR and up to three storeys (may consider 4 storeys for stacked townhouse with underground parking in key locations) within the Fleetwood Plan.
The subject property is only 1 km from the proposed 152 Street Sky Train Station, which is part of the highly anticipated 16 km long Surrey-Langley Sky Train line extension along Fraser Highway.
Development Potential
The City of Surrey Council adopted stage 1 of the Fleetwood Plan in March 2022 and has since moved onto stage 2. The planning department is currently refining the plan which is slated to move to the final step summer 2022. The planning department proposed to re-designate the subject site to townhouse, utilizing 1.0 FAR and up to three storeys (may consider 4 storeys for stacked townhouse with underground parking in key locations).
Offering Process
Upon signing a confidentiality agreement, purchasers are provided a Confidential Information Memorandum along with access to a private virtual data room.