Rize Alliance submits application for new 1,070 unit development on Whalley Blvd

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Rize Alliance, the developer behind Wave and the recently released Linea, has submitted an application for their next development in City Centre. Located at 10138 Whalley Blvd just south of 102 Avenue, the project would replace an existing 3-storey walk-up apartment complex built in the 1970’s.

While not many details have been released so far, what is known is that the project is to contain 1,070 units – likely within 2-3 towers above a mixed-use podium base. The subject site is currently designated ‘Residential Mid to High Rise 3.5 FAR’ in the City Centre Plan, and is located just to the south of Anthem Properties ‘Georgetown‘ development, which recently received 3rd reading for phase 1 its 7-tower master-planned community.

The new Rize application is currently under initial review at the City of Surrey. More details can be expected once the project proceeds to Council.

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Subject Site containing an existing 3-storey apartment complex
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Subject site containing an existing 3-storey apartment complex
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Subject site within City Centre Plan

 

Second Phase of ‘Wave’ by Rize Alliance now in pre-sales

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Rize Alliance has begun pre-sales on the second phase of their 2-tower project at 133 St & 104 Ave in the growing West Village neighbourhood. The first phase of the project – the 28-storey ‘Wave’ condo tower – was completed back in 2014, with the second phase originally set to be called ‘Wynd’. Four years later, that name has now changed with the launch of a new marketing campaign and registration site set up for phase 2 under the name ‘Linea’.

With phase 2 of the project having already been approved as part of the original application for the site, Linea is likely to proceed with construction soon after sales. Despite the name change, the tower will retain its originally approved design – a twin of the Wave tower – featuring distinctive curved balconies and vibrant orange accents on the building’s exterior. Not only will Linea bring a twin tower to the development, but it will also complete the site which has been sitting vacant for years, bringing a new row of urban street-fronting townhouses along both 133 St and 104 Avenue, and a substantial outdoor amenity area / park. The website for the project www.liveatlinea.com is now open for registration offering 1, 2 & 3 bedroom condos and townhouses.

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The completed Wave tower – Phase 1 of project

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Site Plan for Wave (Tower ‘A’) and Linea (Tower ‘B’)

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Linea site within City Centre Plan

With sales now just around the corner, Linea will likely begin construction in 2019, making it the 5th residential tower expected to start next year in the red hot Surrey City Centre condo market, following 3 condo towers expected to start this year, and 2 office towers. It was noted in the Spring 2018 issue of West Coast Condo that benchmark prices for condos in Surrey City Centre led all of Metro Vancouver in growth over the past year – up 45.6% between December 2016 and December 2017. Despite the price growth, Surrey City Centre still remains one of the most affordable areas to buy a condo in Metro Vancouver, and the best place to invest in real estate in BC for future growth.

For more:
http://liveatlinea.com
https://www.surrey.ca/bylawsandcouncillibrary/PLR_7911-0075-00.pdf