PCI Group has submitted a new application for the second phase of their four-phase mixed-use ‘The Hub’ development at King George Station, indicating that the project may finally be moving forward. Details of the application available so far indicate that Phase B will include approximately 120,000 sq.ft. of retail space, 9,000 sq.ft. of restaurant space, a 15-storey office tower, and 736 residential units within 2 towers. This description is a bit misleading however, as the office tower will actually form the base of one of the residential towers combining to make up a total 39-storey signature tower at the corner of King George Blvd and Fraser Hwy. The second tower is to be a 12-storey mid-rise rental residential building fronting Fraser Highway.
This latest application is an amendment of a previous 2014 application already in process for Phase B. Details of that application were similar, seeking a Development Permit for 2 residential towers (39 and 12 storeys), and a 13-storey office tower (base of the 39-storey residential tower), with commercial, retail, restaurants, and a cinema at ground level. The main purpose of the new amended application is to accommodate the future LRT station on site along King George Blvd, which is expected to begin construction in 2018. Phase A of the project, completed back in 2015, included the iconic 10-storey Coast Capital Savings headquarters building.