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Pacific Canada  + Apartments  | 
Delta city council has approved an 876-unit multi-family real estate development project.

Delta Approves 876-Unit MF Development

Delta city council has approved an 876-unit multi-family real estate development project.

The four-phase project involves the redevelopment of the Delta Shoppers strip mall at 8037-8087 120 Street in the North Delta area near the Delta-Surrey boundary. The total building floor area is slated to exceed one million square feet.

The new development will feature a mix of residential, commercial, and childcare spaces. The six-acre site, located by the intersection of 80th Avenue and 120th Street, will undergo a substantial overhaul. The project will replace nearly two dozen businesses, including popular establishments like One20 Public House and Liquor Store and Kumare Restaurant and Bakery.

New structures will include two 32-storey condominium towers, two mid-rise buildings, and 71,000 sf of commercial space. The new homes will comprise market ownership condominiums, market-rate seniors housing and secured purpose-built rental units.

Childcare facilities and below-market rental units are also to be part of the mix.

Vancouver-based Arcadis IBI Group filed the development application on behalf of Value Property Group, a regional commercial real estate investment, development and management firm. VPG holds about two million sf of commercial spaces across B.C.

Rendering: City of Delta/Arcadis-IBI/Value Property Group


Inside The Story

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About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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