The project has been under the direct portfolio of the City of Surrey ever since the previous makeup of Surrey City Council decided to dissolve SCDC, and transfer its assets and projects to the municipal government.
SCDC is the for-profit real estate company wholly owned by the City of Surrey to provide the municipal government with a new additional revenue source for maximizing the potential of the City’s surplus lands, while also catalyzing economic and urban growth. City Council is expected to green-light the relaunch of SCDC, which could be operational before the end of 2023.
SCDC’s project next to SkyTrain Gateway Station would be the most significant redevelopment immediately next to the transit hub.
The proposal is still in the early stages, but six buildings up to over 50 storeys in height will provide about 1,600 units of housing, with the majority of the units expected to be condominiums.
Source of blog and Picture- https://dailyhive.com/