PCI Development’s King George Hub project has officially sold out both residential towers within Phase B of the project. The 40-storey tower first went to market in October, quickly selling out, followed by the 29-storey tower in November. Phase B will also include a 15-storey office tower, 2-storey stand-alone restaurant, as well as over 100,000 sq.ft. of retail space integrated with a plaza.
According to the King George Hub Sales Team, over 12,000 people registered as interested purchasers for the 738 units. Given this unprecedented demand for a condo project in Surrey City Centre, units were allocated through a lottery system. Of those units sold:
697 were purchased by local residents
1 in 4 were first-time home buyers
65% of buyers currently live within 20km
30% of buyers currently live in Vancouver
With the success of King George Hub selling out so quickly, PCI developments has indicated that they are now moving forward with plans for Phase C of the project, which should include 1 additional residential tower to the east of the existing Coast Capital Savings headquarters. A future Phase D is set to follow that with space for up to 3 more towers, however detailed plans for both sites have yet to be finalized or released.
With sales now complete, and final approval in place, it is expected that Phase B of King George Hub will begin construction by Spring 2018. This should be joined by Concord Pacific’s 42-storey Park Boulevard project just north of King George Station around the same time, making for 4 new towers starting construction within the area immediately surrounding King George Station. For more on King George Hub:
Another hotel is coming to City Centre. On Monday, council gave third reading / preliminary approval to a proposed 30-storey mixed-use hotel, condo, and commercial building at the corner of King George Blvd and 98th Ave. Branded as a Hampton by Hilton, the hotel will occupy the building’s 6-storey podium, along with ground level commercial space including a wine bar. Above the podium will be amenity space on the 7th floor, and a residential tower rising to 30 floors. In total, the building will consist of:
181 residential dwelling units
112 hotel rooms
8 two-storey ground oriented townhouses
133 square metres (1,432 sq. ft.) of ground-level commercial space
Designed by Architecture 49, the building features a unique form and massing, high-quality architectural design features, with substantial glazing and a high quality material palette, including an abstract pixelated image of a British Columbia landscape on the podium’s curtain wall glass.
When complete in 2020, the hotel will become City Centre’s second hotel offering an alternative to the upscale 5-star Marriott Autograph Collection – Civic Hotel, which is scheduled to open in November 2017. It will serve the growing nearby medical / technology district known as Innovation Boulevard as well as the needs of other business and personal travellers to the area.
The building will be located directly across from PCI Group’s The Hub at King George project ‘Phase B’, which is expected to begin construction on its 3 towers around the same time as construction would begin on the hotel project in 2018.
‘Phase B’ of PCI Group’s ‘The Hub’ at King George Station is returning to Council on Monday June 12. This 2nd phase of the eventual 4-phase project was initially approved back in 2014 under a previous application, but did not proceed to construction. One of the reasons for this was the need for a road adjustment on the site to accommodate the future LRT station along King George Blvd outside the existing Coast Capital Savings building (Phase A of the project). As a result, the road constructed as part of Phase A will be re-constructed further south to allow more space for the LRT station to the north. With this road adjustment has also come a re-design of the project as a whole. While the concept is generally still the same, the architecture has changed substantially, and the project has grown from 2 towers (as part of Phase B) to 3.
Details of Phase B now include:
A 15-storey office tower (137,084 sq.ft.) at the new intersection of 98A & KGB
A 40-storey condo tower (434 units) at Fraser Hwy & KGB
A 29-storey condo tower (302 units) at Fraser Hwy & 137 St
A 112,535-sq.ft. single-storey retail podium consisting of two large format retailers (a grocery store and a drug store) and a number of smaller format CRU’s.
A stand-alone 9,376-sq.ft. 2-storey restaurant south of the Coast Capital Building.
An expanded plaza the heart of the project, which will allow for retailers, such as the grocery store and restaurants to spill out onto with displays and seating to animate the space. The plaza aligns with the Coast Capital Community Plaza to the north.
Further architectural details include:
The 40-storey tower is proposed to be accentuated with a “ribbon” punctuated feature cladding on the west and east façades, with a canopy linkage that will architecturally and physically connect each tower and provide an overhead trellis wrapping over an amenity space at each tower’s rooftop.
The 29-storey residential tower is proposed as a “complementary tower” and will express the same architectural vocabulary as the taller tower at a reduced vertical scale.
Both residential towers are defined by contrasting major elements: refined high performance curtain wall glazing and linear projected balconies providing solar shading and glare reduction to the south, while the west and east ends are distinguished from the curtain wall with the “ribbon” feature punctuated façade with recessed balconies.
The proposed material palette is broken up to create distinctive buildings on the site.
Proposed Public Art:
2 locations for public art have been identified. One art installation will be located within the plaza, fronting 98B Avenue and the other art installation will be within the traffic circle of 98B Avenue / 137 Street.
Project plans and elevations:
Noticeably missing in the re-designed project is the Movie Theatre that was initially proposed under the 2014 application. It is expected that Phase B will begin construction in 2018 and be completed in 2021.