In 2014 WestStone acquired one of the last remaining parcels of develop-able land adjacent to Surrey Memorial Hospital (“SMH”). This land is within the newly dedicated “Hospital Zone” and, with its uniqueness, it offers some exceptional investment potential.
INNOVATION EXCEPTIONAL INVESTMENT
An integrated lifestyle development that combines a state of the art life style that caters to all levels of seniors’ independent living, along with a medical building in a beautiful natural urban forest setting. Whether you are simply investing or interested in becoming a resident, Innovation Village will be one of the most sought after and profiable locations. A great place to invest!
The land’s immediate neighbor is SMH which has recently undergone a $512-million expansion, is an affiliated University of British Columbia (UBC) teaching hospital and acts as the hub for the 40-acre Surrey Health Campus, home to over 6,000 medical professionals and hundreds of medical and nursing students. The land is destined to become the southern hub for the area designated as “Innovation Boulevard” which is anchored by SMH, UBC and Simon Fraser University (SFU). Innovation Boulevard is dedicated to healthcare technology and patient solutions. Light Rail Transit Station (LRT) will also be located immediately adjacent to the property. WestStone’s current design is to create three distinct develop-able parcels with the two western parcels accommodating two 6-storey wood frame buildings totaling approximately 220,000 square feet ideally destined for senior’s independent living or dedicated rental buildings. Given the exceptional location, on the doorstep of Surrey Health Campus, it can be expected that demand will be high. The east parcel adjacent to King George Boulevard will feature a 15-storey mid-rise, totaling approximately 335,390 square feet being designed for a mixed medical use ranging from complex care and assisted living for seniors to medical office, commercial and ground floor retail. Innovation 1, 2 & 3 meets a pressing need for complex care with specific dedicated medical use in fields such as spinal injuries and neurological care, etc. The entire development will be located in a tasteful urban forest setting, with a stream running around its northern perimeter.