Surrey PLR_7923-0337-00.pdf

Staff Report to Council Application No.: 7923-0337-00 Planning & Development Report Page 6 DEVELOPMENT PROPOSAL Planning Considerations • Since 2019, the applicant has gradually worked towards obtaining the necessary City approvals for their renovation project. Building Permit No. 2021-014341-000-00 for the conversion of the existing low-rise commercial building into 63 new residential rental units and Building Permit No. 2022-012636-000-00 for the exterior renovation of the existing residential high-rise building have both been submitted. The applicant is working with the Building Division to resolve outstanding deficiencies for imminent building permit issuance. • In order for the applicant to proceed with the renovation project under the existing, extended, LUC No. 420, it is necessary for the Development Variance Permit to be renewed. The subject Development Variance Permit No. 7923-0337-00 is identical to the previous Development Variance Permit No. 7918-0346 and is required to be issued before LUC No. 420 expires on January 8, 2024. • The proposed Development Variance Permit will allow the applicant to commence building renovations when Building Permit No. 2021-014341-000-00 and Building Permit No. 2022- 012636-000-00 are issued. • The proposed renovations will result int0 63 additional market rental units in City Centre. There is a high demand for residential market rental units in the City. The location of the site, directly across from the Skytrain station, provides an ideal location for residential rental units. • The proposed exterior changes will update the aesthetic of the existing buildings into a more contemporary design that will fit into the developing downtown area. • The existing commercial space has not been successful, and the new mixed-use development across the street, King George Hub, includes commercial space that is reflective of current leasing needs and will be able to service the area.

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