PEERAGE NEWS

THE SECOND DOWNTOWN: HOW SURREY CITY CENTRE IS USING CULTURAL DIVERSITY, NEW CONNECTED TRANSPORTATION AND GREEN LIVING TO THRIVE AS BC’S NEW METROPOLITAN

Surrey City Centre

Surrey is a cultural capital of Canada and British Columbia’s fastest growing municipality – which is why the transformation from suburban town centre to a vibrant, green, downtown is a natural progression for the cities core.

Surrey City Centre already offers rich diversity and affordable housing close to Vancouver, but it’s plans to evolve are an even stronger draw to get involved in the community.

Skytrain stations and multiple bus routes make the 35 km commute to Vancouver convenient for residence. The City Centre plans to grow its transportation hub and become even more connected to neighbouring communities with the new Light Rail Transit (LRT).

Featuring 11 stops, the LRT will run west from 152nd Street in Guildford along 104 Avenue to City Parkway, south along City Parkway to 102 Avenue, east along 102 Avenue to King George Boulevard, and then south along King George Boulevard to the Newton terminus near 71 Avenue and 136b Street.

Targeted to complete in 2024, the LRT is a key inspiration in the new vision for the area.

Along with the electricity-powered LRT, the Surrey City Centre transformation also features a walkable, pedestrian-friendly downtown in efforts to be a green community.

The civic plaza is a perfect example of this, as it will include amenities such as seating, bike racks, public art, and specialty paving. Already home to City Hall and the City Centre Library, the plaza will also be home to 3 Civic Plaza.

At 52 stories, 3 Civic Plaza is the tallest tower in Surrey. As a mixed-use project it will host nearly 350 homes, a convention space, hotel rooms brought to you by the Marriot – Autograph Collection, a restaurant, and the new Kwantlen Polytechnic University (KPU) campus.

The 349 luxury condominiums will begin on the 39th level of the building, all the way to the 50th floor. At these heights residence will have unbeatable views of Metro Vancouver. Keeping with the cities plan for a green community, the rooms contain high-efficiency, Energy Star-rated appliances.

The KPU Campus will have 5 floors of space in  3 Civic Plaza, and is expected to open in 2018. The campus will offer upper-level business courses, graduate credentials and professional studies. Being in the Central Downtown neighbourhood of the City Centre, it is expected that student energy will fuel the spirit of the area.

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Other major developments include The City Centre 1-8. City Centre is an eight building commercial space project. The buildings will service health care, medical technology and extended care sectors. The first building, City Centre 1, completed in 2014. It is a mixed-use facility with retail on the bottom floor, and office space on the remaining 11 floors. Currently, space is occupied by medical specialists, professional firms, the Health Tech Innovation Foundation, and the Health Tech Innovation Hub.  City Centre 2, and 3 are currently under development, but will be used by similar practices.

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Central Downtown is 1 of the 11 proposed neighbourhoods – each with their own identity and function.

Between the various neighbourhoods and diverse housing, Surrey City Centre is designed to offer something for everyone.

Community Events

Along with numerous green spaces, such as Holland Park, Surrey City Centre also plays host to a handful of community events throughout the year. To get a feel of what this community already has to offer, stop by one of their events this Summer.

Surrey Urban Farmers Market
Dates: Wednesdays 2-6 PM June 6-October 3

20th Annual Surrey Fest Downtown
Date: Saturday, June 16

Fusion Festival
Dates: mid July

Real Estate Reset

Real Estate Reset

Chestnut Park Real Estate and Peerage Realty Partners recently collaborated on the presentation of a webinar called “Real Estate Reset.”

A panel of residential real estate experts were convened to share their views on the path forward and how housing markets have – and will continue to be – affected by the global pandemic.

“Peerage is the epitome of entrepreneurial spirit and has consistently supported and encouraged Baker’s tradition of thinking outside the box. This has resulted in Baker taking bold steps in technology innovation, increasing sales and tremendous growth in revenue.”

Barbara Lawlor,
CEO and President,
Baker Real Estate Incorporated, Brokerage

“Peerage Capital has had a dramatic influence on cultivating an entrepreneurial spirit and focus at Chestnut Park. There is a pervasive encouragement to grow, but on our terms and time lines. Success is recognized and rewarded. Help is available if needed. Peerage proveds the perfect combination of independence and security.”

Chris Kapches,
LLB, President and CEO, Broker of Record,
Chestnut Park Real Estate Limited, Brokerage

“We were looking for a like-minded group to partner with to assist with our continued success. We found that in Peerage Realty Partners. We remain independent and retain our identity while being able to take advantage of the benefits of being part of the Peerage Realty Partners group.”

Catherine Deluce,
Founder and Chair,
Chestnut Park Real Estate Limited, Brokerage

“From the inception of our partnership, Peerage made it clear by both their words and actions that while they would always be available to discuss business strategies or financial assistance, they trusted us to manage our company competently, ethically and efficiently. They are partners in every sense of the word.”

Michael Schaenen,
Senior Partner,
ARS Investment Partners,

“Peerage provided us with all the resources and support to allow us to grow at lightning speed and with precision. Partnering with Peerage Capital has made us a force to be reckoned with in the real estate industry.”

Mary Johnson,
Vice President,
StreetCity Realty Inc., Brokerage

“Peerage Capital provides ARS Investment Partners with the right balance of operating autonomy and strategic support. Peerage recognizes and respects the expertise and judgment of the ARS management team, and allow us to do what we do best.”

Stephen Burke,
Managing Partner,
ARS Investment Partners

“Through our partnership with Peerage we are able to retain our independence while benefitting from the support of their seasoned senior management team and having access to Peerage’s valuable network.”

Rob Furse,
President,
Echelon Wealth Partners

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