Retail Opportunities in Grocery- Anchored, Transit-Oriented Development Phase B Now Leasing
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FOR LEASE KING GEORGE BOULEVARD & FRASER HIGHWAY, SURREY, BC RETAIL OPPORTUNITIES IN GROCERY- ANCHORED, TRANSIT-ORIENTED DEVELOPMENT PHASE B NOW LEASING David Morris* 604 638 2123 [email protected] Jack Allpress* 604 638 1975 [email protected] *Personal Real Estate Corporation FOR LEASE KING GEORGE HUB, SURREY, BC FAST FACTS Designated as Surrey's Future Downtown Core PROJECT DESCRIPTION Click Here for Project Website King George Hub is a landmark mixed use development set to anchor the south end of the rapidly evolving downtown core of Surrey, British Columbia’s second largest city. With approximately 260,000 City Centre Population to SF of retail space and ‘‘A’ class office space, plus two residential towers comprising of 738 residential units in Phase B alone, King George Hub stands to become a flagship development for Surrey and Double by 2041 Metro Vancouver. Phase A of the project is anchored by Coast Capital Savings Help Headquarters along with a 9,000 SF Coast Capital retail branch. Completed in the Fall of 2015, this iconic building has set the tone for the balance of the development. The second phase of the project contains two residential towers of 39 storeys and 28 storeys totaling approximately 738 residential units. Tower 1 and Tower 2 are completely sold out. Average Household Income within a 3KM Radius PHASE B - NOW LEASING $84,027 Availability: 1,000 - 10,000 SF Loading: Covered Loading Area Possession: Estimated to be Mid 2021 City Centre Workforce to Grow • 41,000 vehicles per day along King George Boulevard Traffic Counts: 31,759 by 2041 • 22,600 vehicles per day along Fraser Highway • Fully-signalized light on King George Boulevard & George Junction Access/Egress: • Fully-signalized light on Fraser Highway & George Junction Zoning: Click Here for CD Comprehensive Development Zone $12 Billion+ OCP: Click Here for Central Business District of New Construction in Surrey Over Past 10 Years Operating Costs: $17.50/SF (2022 Estimates) Asking Rates: Please Contact Listing Agent 2 FOR LEASE KING GEORGE HUB, SURREY, BC Watch the King George Hub Time-lapse Rendering Click for Translink Expo Line Info 1. Subject Property 6. Simon Fraser University 9. London Drugs 14. Surrey Memorial Hospital 2. Gateway Station 7. Bed Bath & Beyond, Club16, RBC, 10. Save-on-Foods, Canadian Tire 15. Jim Pattison Outpatient Care & Surgery 3. Surrey Central Station Walmart, BMO, Shoppers Drug Mart, 11. Toys R Us Centre 4. King George Station Winners, T&T, The Brick, Best Buy 12. Coast Capital 16. RCMP "E" Division Headquarters 5. Surrey City Hall 8. Safeway 13. Canada Revenue Agency 3 FOR LEASE KING GEORGE HUB, SURREY, BC THE NEIGHBOURHOOD See Location in Google Maps km2, making Surrey the minutes to downtown, By 2041, one in five Metro largest city in Metro from one of four Vancouver residents will live 317 Vancouver by Area 40 SkyTrain Stations 20% in Surrey elementary schools, plus 25 parks, including forests, the amount of new jobs secondary schools and two sports fields, playgrounds Surrey is expected to attract 99 post-secondary 200 and walking paths 150k over the next 30 years community recreation facilities, km of stunning nature of Surrey residents including pools, arenas, fitness trails that weave through speak more than one 20 centres, seniors facilities and more 100 Surrey parks 46% language 4 LOCATION FOR LEASE King George Hub is ideally positioned, being on the northeast corner of King George Boulevard and Fraser Highway. It is also located directly adjacent to the King George Skytrain station, which had KING GEORGE HUB, SURREY, BC approximately 20,000 entry/exits in the most recent Translink issued report. Surrey City Centre is rapidly evolving into a major downtown business district as well as a desired location for high density living within the City of Surrey. Watch the King George Hub Video City of Surrey has led the downtown initiative with the construction of its Civic Centre Development Project - a $500 million investment into a new city hall, Simon Fraser University expansion, performing arts centre and the new central library and events plaza (totaling close to 1 million square feet of new public facilities). Significant provincial and federal investment have also been recently completed, including the $500 million expansion of Surrey Memorial Hospital, construction of the new 820,000 square foot RCMP “E” division headquarters and a new 188,000 square foot outpatient and surgery centre. New Surrey Memorial Hospital Expansion New Civic Centre Future transportation plans for Surrey include the Expo Line Langley Extension, which will be a 16km SkyTrain extension from King George Station to Langley City Station. More than 225,000 people will be within reach of the new SkyTrain extension on Fraser Highway. The 96 B-Line will also be improved to a Bus Rapid Transit (BRT) system which will deliver travel time improvements and ride quality comparable to the LRT. New Surrey Outpatient Centre SkyTrain AREA EMPLOYMENT DETAILS Coast Capital Savings Headquarters as King George Hub has approximately 700 employees Surrey Memorial employs an estimated 5,700 staff making it British Columbia’s second largest hospital New 820,000 SF RCMP “E” Division headquarters, estimated to have 3,000 employees and an estimated investment of $966 million New RCMP “E” Division Headquarters New City Hall Revenue Canada Building has an estimated 2,500 employees Simon Fraser University (expanding to 400,000 SF and an estimated 7,000 students) New city hall, central library and performing arts centre to have approximately 1,000 employees Jim Pattison Outpatient Care Centre estimated to have 800+ employees and an estimated investment of $300 million New Central Library Simon Fraser University 5 FOR LEASE KING GEORGE HUB, SURREY, BC KING GOERGE HUB RENDERING 6 FOR LEASE KING GEORGE HUB, SURREY, BC PHASE B RENDERINGS 7 FOR LEASE KING GEORGE HUB, SURREY, BC PHASE B RENDERINGS 8 FOR LEASE KING GEORGE HUB, SURREY, BC PHASE B RENDERINGS 9 FOR LEASE KING GEORGE HUB, SURREY, BC PHASE A COMPLETED 10 FOR LEASE KING GEORGE HUB, SURREY, BC SITE PLAN # Name SF egend 1 CRU L1.8/9 1,771 Professional Use Aailale etail Space 2 CRU L1.10 1,957 Restaurant 3 CRU L1.11/12 2,494 Available Under ontract Negotiation GEOR GE JUNCTIO N 4 CRU L1.13 2,925 Available Completed 5 CRU L1.14 4,017 Coffee Residential/Commercial Office 6 CRU L1.14 2,925 Pizza QSR Common rea 7 CRU L1.15/16 3,280 Available 8 CRU L1.18 1,704 Available Stairsertia enetrations 9 CRU L1.25 5,840 Available 1 14 15 10 CRU L1.24 3,785 Available Restaurant 5 11 CRU L1.22/23 3,560 Medical 6 CRU L1.20/21 9,959 12 Pharmacy 7 Office L1.19 469 13 CRU L1.2 3,356 Available 14 CRU L1.3 1,688 Insurance 4 15 CRU L1.4/5 3,662 Liquor Rapid ranit 3 8 Planned 96 B-Line Bu 2 1 Copleted Deal 12 KING GEORGE BOULEVARD 9 11 10 FRASER HIGHWAY 11 FOR LEASE KING GEORGE HUB, SURREY, BC PHASE B - NOW LEASING (STAND-ALONE RESTAURANT PAD) 8,500 - 10,000 SF Build-to-Suit Flagship Restaurant Pad with Phenomenal Patio Opportunities and Unparalleled Exposure to King George Boulevard 12 FOR LEASE KING GEORGE HUB, SURREY, BC PARKING PLAN* 1616 Xref .\xref\$2011011_SECTIONS.dwg 246.70' 9999999 9 DEVELOPMENT PARKING STALL COUNT 1919 246.70' 426.7 '0 '78.642 1 1111111 246.70' 2 Phase A Approximately 625 Stalls (175 Retail & 450 Office) 246.70' 2222222 246.70' 1 1111111 161616 WG 7.6420' 246.70' 11111111 HI GHRISEPIT Phase B Approximately 519 Stalls (266 Retail & 253 Office) PE01 & 1 PE02 1111111 20' UP 1'-6" @ 7.5% HIGHRISEPIT PE0 44444444 4 2 64. '07 60' RAMP UP 9'-0" @ 15% 246.70' SOFFIT 6'-1" AFF 246.57' Phase C TBD SOFFIT 6'-1" AFF 24 .68 '7 191919 2 '07.64 20' UP 1'-6" @ 7.5% 2 7.64'0 8888 8 88 8 246.70' 6 66 66 66 6 22 2 237.70' FFA "0-'11 TIFFOS 246.50' 246.70' PHASE A EXISTING 23'-0" 4 4 4 4 4 3 3 237.70' 246.87' 3 OPENING S/C S/C FF-5 2222222 246.70' '07.642 2 ADJUSTED 75.19m 2222222 2 '07.642 S/C 1 246.70' 2222222 FF-5 2 S/C 2 2222222 TREE 2 RAMP UP @ 5% FROM PH A S/C 33 3 3 S/C 6666666 6 S/C EC 4 4 4 44 246.70' S/C 4 4 4 1 1111111 3 246.70' SERV. TREE EC C S/ 243.70' EC 74.73m GEN. RMsRMs / WATER ENTRY 1919191919191919191919191919191919191919191919191919191919191919 EC 6666666 6 / BIKE STORAGE 237.70' 2222222 TREE 2 44 4 4 4 EC 246.70' 4 4 4 246.70' EC UP TO L1 74.73m 2222222 2 TREE 33333333 243.70' EC RAMP UP @ 7.5% 2 2 3 EC TREE 1 1 75.19m / 3 246.87' EC 8 8888888 150' DN 7'-6" @ 5% EC SERV. 3 3 RAMP UP @ 15% 3 8 8888888 P2-P3 AIR P2-P3 AIR '07.342 TREE RMs DES ROOM PH B TREE INTAKES S/CINTAKES 3 S/C P1 243.70' TREE 1,205 sf 3 S/C 14 ELEV. REST. 17 P1-2-3 AIR 2 ELEV. 7.340' EXHAUST TREE RAMP DN @ 5% B1 1 PHASE A 2 PHASE C 1 DN TO P2 245.20' S/C TREE 35'-0" 2 S/C 3 1 2 25R 4 30' DN 1'-6" @ 5% 4 TREE S/C PHASE A S/C 1414141414141414141414141414141414141414141414141414141414141414 3 3 1 1 PHASE B S/C 2 27'-6" 4 2 73.42m 3 3 TREE 74.27m S/C 3 4 30'-0" 20 R 1 SC 3 30'-0" S/C 3 32' DN 1'-6" @ 4.7% S/C 3 74.73m S/C S/C S/C 74.73m 243.70' RAMP UP @ 7.5% 1 RAMP DN @ 5% 2 CARTs 23'-0" 3 30'-0" S/C PHASE A DES PATH 3 3 24'-6" S/C OPENING OPENING 74.27m 73.42m 3 1 2 1 3 35'-0" 1 S/C 3 4 35 R 27'-6" 4 HC 3 3 2 2 23'-0" OPENING RAMP DN @ 5% 2 RAMP DN @ 5% TO PH B RAMP DN @ 5% 2 3 2 3 3 1 B5 W&R RM 74.27m 3 P1 2 2 74.27m 74.50m 3 687 sf 74.73m 3 VEST.