[paradigm4]

http://farm3.static.flickr.com/2097/2278502078_0b7dfec882.jpg

http://farm4.static.flickr.com/3094/2294804873_4637a12ab4_o.jpg

Developer: Tien Sher Group
Use: Residential, Commercial
Location: 108 Avenue and West Whalley Ring Road
Website: quattroliving.ca (http://quattroliving.ca/home/)

http://img.skitch.com/20080526-qn13g9cu7dr9hpadssana5xchs.jpg

The 1 is the first half of the project, which features the 4 mid-rise buildings. The 2 is the second half of the project, which proposes 3-4 towers (see the picture above).

"Tien Sher Development has 10 acres between the Gateway and Surrey Central SkyTrain stations: five acres on one side of 108 Avenue, where the current project is being constructed, and five acres on the other, where there will be another 1,000 homes in three towers, expected to be 35 storeys high. The side where the towers will be located will also have 100,000 square feet of commercial space. "

"Quattro spans approximately 10 acres of property at the intersection of 108th Ave. and King George Highway. When complete, it will include eight buildings with over 1,100 new homes and thousands of square feet of commercial space. Built in phases, Quattro will help revitalize Whalley to create a new thriving community in the centre of Surrey. In addition, the first phase of Quattro offered the most inexpensive real estate in the Lower Mainland with suites starting at $119,900.

Quattro Phase One consists of four, four-storey buildings—each with a mix of studios, one bedroom, one bedroom plus den, two bedroom, two bedroom plus den and loft suites. Sizes range from 416 to 1,248 square feet. Suites will feature granite countertops, stainless steel appliances and energy efficient double glazed windows."

[paradigm4]

Here's a bunch of my photos. More here (http://www.flickr.com/photos/paradigm4/sets/72157603977763300/). The building going up is Phase 1.

http://farm3.static.flickr.com/2023/2289267051_97c71fc159.jpg

http://farm3.static.flickr.com/2239/2289270659_2782ba8df1.jpg

http://farm3.static.flickr.com/2302/2289274455_5e6071c3d7.jpg

http://farm4.static.flickr.com/3222/2290074876_da2d057688.jpg

View of Gateway Station from Quattro site

http://farm3.static.flickr.com/2119/2289311269_ae2c1fd8d8.jpg

View of Quattro from Gateway Station

http://farm4.static.flickr.com/3165/2312333925_2b7cc27257.jpg

View of Quattro from Surrey Central Station

[paradigm4]

These photos are from a couple days ago. The building most completed is Phase 1, and the less built one behind it is Phase 2. For references sakes, Phase 3 sold out in pre-sale couple of weeks ago.

I've got more pics here (http://www.flickr.com/photos/paradigm4/sets/72157603977763300/), and a bunch from all the various Whalley developments here (http://www.flickr.com/photos/paradigm4/collections/72157603977764948/).

http://img.skitch.com/20080526-fmesd36cnfdstfcq49a8g3aguf.jpg

http://farm3.static.flickr.com/2043/2523021596_c7558a0b85.jpg

http://farm4.static.flickr.com/3236/2522200583_05152e894d.jpg

http://farm4.static.flickr.com/3237/2522204121_da24828ec1.jpg

http://img.skitch.com/20080526-dsik6ky283b377fdqgsk6fkqu9.jpgg

[giallo]

Surrey is seriously impressing me lately.

[raggedy13]

^I agree, and hopefully the best is yet to come.

The rendering for the low-rise phase looks great - a style of urbanism that certainly doesn't come to mind when one thinks of Surrey now. Is this the project that was marketing itself as Surrey's Yaletown?

[paradigm4]

^I agree, and hopefully the best is yet to come.

The rendering for the low-rise phase looks great - a style of urbanism that certainly doesn't come to mind when one thinks of Surrey now. Is this the project that was marketing itself as Surrey's Yaletown?

Ya, that was their slogan for Phase 1. There's still some ads up on SkyTrain for Phase 3, with the slogan "This is the New Surrey"

[SpongeG]

passed it last week - looks good much better than what was going on there before

[cc85]

I am amazed at the amount of work that Charan Sethi has done to acquire those parcels.

[paradigm4]

http://farm4.static.flickr.com/3145/2678167679_caf34f4ba6.jpg

[paradigm4]

Here's a screwy panorama I made. Phase 1 is almost complete!

http://farm4.static.flickr.com/3102/2863688358_8a74eee318_b.jpg

[nickinacan]

http://farm4.static.flickr.com/3145/2678167679_caf34f4ba6.jpg

That picture makes it hard to believe that it is Whalley. I hope they preserve the greenery in the future.

[paradigm4]

More Phase 1 pics

http://farm4.static.flickr.com/3268/2869079335_35f036cc9a.jpg

http://farm4.static.flickr.com/3145/2869912814_3b078b5eaf.jpg

http://farm4.static.flickr.com/3240/2869085937_a699027c97.jpg

[mr.x]

it was pretty nice....

[twoNeurons]

Hmmm... updated pic?
http://cache.daylife.com/imageserve/0ge33BUcs77ll/610x.jpg

[Distill3d]

so it was Quattro?

[twoNeurons]

so it was Quattro?

Yep... a link to the video: http://canwest.a.mms.mavenapps.net/mms/rt/1/site/canwest-globalbc-pub01-live/current/launch.html?maven_playerId=globalbchomepage&maven_referralObject=3127099

Recent news:
http://www.globaltv.com/globaltv/bc/index.html

[ravman]

they will redevelop

[hollywoodnorth]

http://img.skitch.com/20080526-dsik6ky283b377fdqgsk6fkqu9.jpgg

using the above pic as reference.........Phase 2 was destroyed totally.

Phase 1 has minor damage to a corner of it.

this I gather from the news footage

[paradigm4]

http://img.skitch.com/20080526-dsik6ky283b377fdqgsk6fkqu9.jpgg

using the above pic as reference.........Phase 2 was destroyed totally.

Phase 1 has minor damage to a corner of it.

this I gather from the news footage

Ya, that's so lucky though. When I first heard, I was thinking Phase 1, cause the reports kept saying a red bricked frontage. Phase 1 is sooo close to being done, I just felt so bad for the buyers and the developer - but Phase 2.... not so bad.

The developer said they have insurance and Phase 2 will get rebuilt.

[mr.x]

Amazing videos.....this thing really went up fast.

ADlehmTc5GQ

X3KGYPeL5E0

fFg2wmgZzE8

http://photos-790.ll.facebook.com/photos-ll-sf2p/v355/189/112/715855790/n715855790_1883795_6277.jpg





$30-million Surrey condominium fire suspicious

Gerry Bellett, Vancouver Sun
Published: Thursday, October 02, 2008

SURREY - The site of a $30-million fire that destroyed 116 housing units under construction at the Quattro development in Whalley was too unsafe Thursday for RCMP and Surrey fire investigators to determine how the fire started.

The blaze occurred shortly before 4 p.m. Wednesday and was being treated by the police and fire officials as suspicious, coming just two days after an arson attempt was made on the same complex at 107A Avenue and the East Whalley Ring Road.

Surrey deputy fire chief Gord Anderson said someone deliberately set a fire inside the half-completed four-storey building at about 2:30 p.m. Monday that was quickly put out by workers and a fire crew.

"That was an intentionally set fire to material inside the building," Anderson said.

Investigators were prevented from entering the site until a construction crane that was engulfed in the blaze and a large four-storey high concrete wall - all that was left standing - have been removed.

"We can't go in yet because the crane and the wall need to come down, so we are standing back until we're able to get to the scene and see what evidence we can come up with," said Anderson.

The fire Wednesday spread rapidly through the structure, driving out workers who ran toward it in a vain attempt put it out and melting the front of a Surrey RCMP cruiser parked near the site. The police officer who drove the cruiser suffered minor burns to his face and neck from the heat of the blaze, as did the workers.

RCMP Sgt. Roger Morrow said a team of 15 major-crime investigators is looking into the fire.

"The cause of the fire is being deemed suspicious. This is a building that was well under construction. Now it's just rubble," said Morrow.

He appealed to persons who took videos or photographs of the fire to come forward. "We know there were people taking videos and photos and we want them to come forward because what they have could be key to the investigation," he said.

Police have already collected video from security cameras around the site, part of a massive 10-acre housing complex that will add 1,100 new homes to the area.

The owner and developer of the project, Charan Sethi, vowed Thursday to complete the building and asked for patience from people who had purchased the now-destroyed units.

Sethi is the principal of the Richmond-based Tien Sher Group of Companies.

"It's very difficult for me to say too much right now. We were on schedule and trying to move people in on time," he said. "We will rebuild and we're asking buyers to be patient and hang in with us and we'll finish it."

Asked if the buyers would be able to cancel their agreement to purchase, Sethi said he didn't think so, but that was a question for lawyers.

"I can't say how long it will be before we can start up again," he said.

He said he had no idea who would want to burn down his building.

"We felt we were doing pretty good here. The city likes us, the residents of the area are happy with us. We've been going through our minds trying to think who could have been so upset to have done this but we don't know," he said.

Sethi said company sales personnel will be contacting buyers. He said the company's website will also carry information.

A company news release said Quattro was a "fully insured development."

gbellett@vancouversun.com

[hollywoodnorth]

Would-be Quattro condo residents to get answers Sunday
Last Updated: Saturday, October 18, 2008 | 5:44 PM ET Comments6Recommend6
CBC News
Flames quickly engulfed the Quattro condominum complex in Surrey.Flames quickly engulfed the Quattro condominum complex in Surrey. (Submitted by Richard Crosby)

The developer of a condominium complex under construction in Surrey, B.C., that was gutted by a fire Oct. 1 will hold a town hall meeting Sunday afternoon.

The blaze, which has been called suspicious by fire officials, destroyed 116 housing units in the four-storey complex, located at 138th Street and 107A Avenue, and caused an estimated $30 million in damages.

The cause of the fire is still under investigation. It was the second suspicious fire at the Quattro construction site that week.

Charan Sethi, owner of the Tien Sher Development Group Inc., said approximately 300 people had been invited to the meeting.

Even Surrey's mayor, Dianne Watts, was scheduled to attend.

"We have invited the neighbours and the purchasers of our three buildings to hear right from us as to what exactly happened, rather than having second or third-hand information," Sethi said.

"We'd like to keep the neighbourhood informed as to what's happened and we'd like to get the purchasers who have bought into our exciting project involved in it and keep them informed."

Sethi said the project would go ahead as planned and people who have paid deposits would not be able to get out of their purchase agreements.

"They cannot get out of the contract, no. It's the same as us. We can't get out of the project just because the price has gone up. Deals are firm," he said.

The $625-million Quattro condo development is the largest residential and commercial development in Surrey. The project comprises a total of 1,150 units on a four-hectare lot. The newest buildings were to open this fall.

Earlier this year, more than 100 units sold out in four hours at prices ranging from $140,000 to $500,000.

Sunday's meeting was set to take place in a tent across the street from the Quattro site in Whalley at 1 p.m. PT.

[SpongeG]

hopefully they can get back to it fast

[ison68]

I attended the meeting. The developer and mayor had their own agenda. They did not allow the buyers to speak (only four questions were allowed). The developer, Charan and few other officials gave speeches. No updates on anything including completion.

[SpongeG]

No money for Quattro buyers: developer

Thanks to a clause in their contracts, the people who have already paid to live in a huge Surrey condominium that was engulfed by fire won't be getting their money back, the developer said Sunday.


Instead they'll have to hold tight while the damage is assessed and Phase Two of the Quattro buildings in Whalley is rebuilt -- or sell their stake to someone else, said developer Charan Sethi.


"If you want to assign the contract to someone else, you can do that," said Sethi at a town hall meeting for Quattro buyers. "We'll put a system in places so you can do so."


The building was fully insured, and unlike other pre-sale projects that have hit bumps, any extra costs won't be passed on to the buyer, he said.


Surrey hinged the promise of revitalizing the neighbourhood on the $625-million condominium project, the largest-ever commercial and residential development the city had ever seen.


More than 100 units had sold out within hours when the project went on the market. Some 116 buyers were planning to move into their units in the spring.


Instead, a fire broke out on Phase Two of Quattro on October 2, sending massive plumes of smoke into the sky and threatening to engulf nearby buildings as well.


The three-alarm fire knocked out power to over 4,000 people and threatened to topple a large construction crane.


Investigators are still trying to determine what caused the blaze, which they're saying was suspicious.


The contract clause allows for an extension beyond the initial completion date that is equal to the time it takes to repair or rebuild the building in the case of a fire. It also allows the developer a period of 120 days if there is a fire.


Other Surrey developments have had trouble not because of the fire, but because of a global credit freeze.


The developer of the Infinity project near King George SkyTrain Station filed for bankruptcy protection after one of its financial backers, Lehman Bros., went under.


The developer, Jung Developments says it's in negotiations with three local big name developers, and says it's confident that it will find the $100 million extra needed to finish the project.


Other pre-sale condominiums have run out of money as well, leaving some buyers in the lurch.


Vancouver-based Eden group canceled two condo projects due to projected cost overruns before they reached construction. Another of its condos, The Sophia, is nearing completion in the hands of a receiver.


With a report from CTV British Columbia's Maria Weisgarber

http://images.ctv.ca/archives/CTVNews/img2/20081001/650_bc_whalley_blaze_081001.jpg
A model of the Surrey condo complex, part of which was destroyed by a massive fire, Wednesday. Oct. 1st, 2008.

http://www.ctvbc.ctv.ca/servlet/an/local/CTVNews/20081019/BC_Quattro_Money_081019/20081019/?hub=BritishColumbiaHome

[Whalleyboy]

last group i think i'll do from http://www.civicsurrey.com/

http://farm4.static.flickr.com/3407/3231524001_9743655bee.jpg?v=0
from tom binnie park
http://farm4.static.flickr.com/3090/3231539103_14dc19b793.jpg?v=0

http://farm4.static.flickr.com/3514/3231544517_2e2e8fd243.jpg?v=0

[DKaz]

The area doesn't quite scream "the next Yaletown" yet but looking good so far!

[mr.x]

Any news on the building that burned down?

[Whalleyboy]

last time i looked when i drove by there it looked like they were ready to start rebuilding it
its just at the same time now there starting on third building as you can see the crane is up in the first picture

[Whalleyboy]

first floor is back up on the second building i just drove by and saw it sadly was to dark to get any pictures

[Whalleyboy]

went by there yesterday and they where on the second floor

[Whalleyboy]

fourth floor again finally atleast for the one part lol

http://img.photobucket.com/albums/v486/whalley_boy/IMAGE_181.jpg

http://img.photobucket.com/albums/v486/whalley_boy/IMAGE_182.jpg

http://img.photobucket.com/albums/v486/whalley_boy/IMAGE_183.jpg
Photos are my own

[Whalleyboy]

from all the pictures and model pictures i've seen of this building i want to know if i'm the only one who notice it looks like they are cutting road way between all these buildings . I know the urban village complex has left room between there building for a road way you can even see it in pictures. But i havent seen a clear enough picture for this one that i can make it out for sure.

[twoNeurons]

from all the pictures and model pictures i've seen of this building i want to know if i'm the only one who notice it looks like they are cutting road way between all these buildings . I know the urban village complex has left room between there building for a road way you can even see it in pictures. But i havent seen a clear enough picture for this one that i can make it out for sure.

The original model had park in the middle between the buildings. No roadway that I can remember.

[Whalleyboy]

http://img.photobucket.com/albums/v486/whalley_boy/untitled2.jpg
its from my photobucket no clue where i got it from

[SpongeG]

the towers if they get built will go to the west across the whalley ring road?

[Whalleyboy]

yeah between king george and east whalley ring with 108 ave beside them

where red hot videos and ponchos and lefties is

[CoryHolmes]

where red hot videos and ponchos and lefties is

Wow. That's quite the combination with an up-scale residential highrise...:koko:

[Whalleyboy]

T bars is just down the road too

[nickinacan]

Wow. That's quite the combination with an up-scale residential highrise...:koko:

Yes, but that's where the second phase of the Quattro project begins. They have been purchasing the land from East Whalley Ring Road to King George so they can put residential high rises and commercial developments. That whole area's dynamic will change quickly. But until then, someone please bulldoze The Dell.

[SpongeG]

i think that video place is gone

[Whalleyboy]

no its still there they just have covered up what they are a lot

[Whalleyboy]

and some more pictures from my walk

http://img.photobucket.com/albums/v486/whalley_boy/DSC01462.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01463.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01464.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01465.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01466.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01467.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01468.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01469.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01471.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01473.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01476.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01477.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01478.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01479.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01480.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01481.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01482.jpg

http://img.photobucket.com/albums/v486/whalley_boy/DSC01482.jpg
all images are my own

[jlousa]

I hope people don't take this the wrong way, but I beleive this is exactly the type of development that surrey should be chasing and not highrises. This development appears to have turned out pretty well. The density on these are acutally pretty comparable to most highrises and they don't appear out of place. Hopefully Vancouver proper sees more development like this outside it's core.

[red-paladin]

As you typically are, you're exactly right jlousa.

[Spork]

retail set back from the sidewalk with stairs in the way? has this worked absolutely anywhere?

[SpongeG]

it will work here

looking good


there are a few areas near gateway that should be flattened and replaced by something like this

[Whalleyboy]

the biggest thing i want to see destroied by gate way is the building on the corner of city park way and 108

[fever]

it's ok, but the retail looks poorly done. i agree vancouver could use similar forms, including the fifth floor (or more, like the formshift winner).

[officedweller]

The steps look like they're because the site slopes down to the right. I think it's a reasonable solution - better than establishing the retail floor level at the lower elevation and having ramps inside some of the storefronts to come down to the retail floor level (like you see at various stores in Vancouver).

[Whalleyboy]

that whole area is sloped towards the corner of 108 and east whalley ring

[theQ]

I would like to see more highrises in the area! What I want is more people to move into Central City/Whalley, which will mean more stores, restaurants, retail to service the new residents. 4 story developments bring in maybe 200-300 new residents, not nearly enough to warrant all the retail space that needs to be filled up. A high rise can bring in 800 - 1000 people. 10 new highrises could potentially relocate 10,000 people to the area, which would translate into all kinds of new services. I'm happy to see the businesses that are "pioneering" in Central City, believing/hoping for growth (Like Central City Brewing Company). But I'd like to see Earls/Keg/Cactus Club move in, and maybe a Chapters and see the mall fill up. Small developments like this just won't cut it. I'm sure that Future Shop and Best Buy were banking on all 12+ towers being built right next door before they invested $$$ in the area (Infinity, Sky, Holland park, D'Corize, City Point).

Just my 2 cents... Of course if all of Central City were saturated with Quattro/Agenda/Element/Fuse type developements, it would be an improvement. But a tower brings more people in, and at a faster pace - I'm impatient...

[Whalleyboy]

actually future shop has been in the area for years now way before all this development.

I too would love for more towers. Be happy Surrey is going up and has a strict rule against no new house in the city centre. I would rather see things like this being done then nothing at all right now atleast.

[WaxItYourself]

I'm happy to see the businesses that are "pioneering" in Central City, believing/hoping for growth (Like Central City Brewing Company).

When I use to work there Central City Brewing Company was losing tons of money. Not sure how it is since they relocated the liquor store inside and began selling their own beer in there though.

[twoNeurons]

I would like to see more highrises in the area! What I want is more people to move into Central City/Whalley, which will mean more stores, restaurants, retail to service the new residents. 4 story developments bring in maybe 200-300 new residents, not nearly enough to warrant all the retail space that needs to be filled up. A high rise can bring in 800 - 1000 people. 10 new highrises could potentially relocate 10,000 people to the area, which would translate into all kinds of new services. I'm happy to see the businesses that are "pioneering" in Central City, believing/hoping for growth (Like Central City Brewing Company). But I'd like to see Earls/Keg/Cactus Club move in, and maybe a Chapters and see the mall fill up. Small developments like this just won't cut it. I'm sure that Future Shop and Best Buy were banking on all 12+ towers being built right next door before they invested $$$ in the area (Infinity, Sky, Holland park, D'Corize, City Point).

Just my 2 cents... Of course if all of Central City were saturated with Quattro/Agenda/Element/Fuse type developements, it would be an improvement. But a tower brings more people in, and at a faster pace - I'm impatient...

Is the different that large? 200-300 vs. 700-800? I'd be surprised if highrises yielded over double for the same land area, personally.

[Whalleyboy]

Two, 36-storey apartment buildings containing 698 units and 1,525 m² of commercial space.
t
hese are the 2 infinity towers oops i mean park place at central city=P

Four, 4-storey buildings, containing 472 residential units and 1,820 m² of commercial area.

and this is quatro

[SpongeG]

there is a tower proposal for that area - there were renderings - gonna replace that skanky hotel and block of 108th and KGH area

i suppose as the economy gets better they will bring in that phase
I think part of it was a movie theatre complex too? and a highrise hotel?

[Whalleyboy]

it would be nice to have a highrise hotel in central
the closes i saw to one coming was in the last city centre update thing there was a 9 story on proposed for the green empty lot behind the canadian tire.

[theQ]

Is the different that large? 200-300 vs. 700-800? I'd be surprised if highrises yielded over double for the same land area, personally.

That's my thinking. If you look t the Agenda, and the planned Ultra beside. The Agenda is 135 units, the Ultra 418 units - Triple the units. On the renderings, it looks like the Ultra will take up less land space than the Agenda. IF you count 2 people per suite, then you're looking at 270 for the Agenda and 836 for the Ultra.

Also, as near as I can tell, Future Shop opened November 21, 2006. The first website for the Infinity towers was centralcity2005.com. I remember Surrey Central mall (now Central City) becoming almost vacant. The Bay became Zellers, Sears closed down, then became a one story discount Sears Centre. Then all of a sudden there were announcements about Central City's re-development and Future Shop moved in. I'm sure they were counting on 1000s of new residents in the area that would all need new flat panel TVs when they moved in. I don't think they would have invested millions of $$$ if they thought the area would only attract new 4 story developments.

My opinion, the area needs many more local residents so that the vacant shops in Central City mall and the new retail spaces at places like the Quattro and Infinity will fill up. Right now the area is not yet a "destination" that will attract too many people from elsewhere to come and shop and spend. The fastest way to get more people to relocate to Central City is nice tall towers....

[CoryHolmes]

I imagine that once Central City II is built and City Hall relocates there, the whole area will transform into something we just can't imagine right now.

After that comes SFUs residence towers, Holland Pointe, Berezen Towers (:slob: )... the next ten years will be very defining for this area.

[Whalleyboy]

That's my thinking. If you look t the Agenda, and the planned Ultra beside. The Agenda is 135 units, the Ultra 418 units - Triple the units. On the renderings, it looks like the Ultra will take up less land space than the Agenda. IF you count 2 people per suite, then you're looking at 270 for the Agenda and 836 for the Ultra.

Also, as near as I can tell, Future Shop opened November 21, 2006. The first website for the Infinity towers was centralcity2005.com. I remember Surrey Central mall (now Central City) becoming almost vacant. The Bay became Zellers, Sears closed down, then became a one story discount Sears Centre. Then all of a sudden there were announcements about Central City's re-development and Future Shop moved in. I'm sure they were counting on 1000s of new residents in the area that would all need new flat panel TVs when they moved in. I don't think they would have invested millions of $$$ if they thought the area would only attract new 4 story developments.

My opinion, the area needs many more local residents so that the vacant shops in Central City mall and the new retail spaces at places like the Quattro and Infinity will fill up. Right now the area is not yet a "destination" that will attract too many people from elsewhere to come and shop and spend. The fastest way to get more people to relocate to Central City is nice tall towers....
future shop was open up on the corner of 102ave and east whalley ring years before that

[theQ]

future shop was open up on the corner of 102ave and east whalley ring years before that

You're right, I forgot about that...

[Whalleyboy]

no worries it was crappy when it was there anyways lol

[WaxItYourself]

no worries it was crappy when it was there anyways lol

yeah. They couldn't even sell games because they rented the place from Toys'R'Us next door. Part of the deal of them moving in there was that they couldn't sell games.

[Whalleyboy]

I'm surprised that toys r us is still there

[coldboy]

They are moving along very quickly. I drove by Phase 2 and it looks like they have almost all the siding on, windows in .... amazing. The back courtyard looks odd, it looks like they have two levels. Anyone have photos of the back courtyard?

[Whalleyboy]

so i came across this on the quattro site
Quattro developer delays construction on Quattro 3
to finish Quattro 2 ahead of schedule

Surrey, B.C. – (July 14, 2009) – Quattro developer Charan Sethi says home owners will tentatively be able to move into their homes at Quattro 2 by the end of March 2010 – two months ahead of its conservative post-fire construction schedule. To ensure construction will stay ahead of schedule, Sethi says his company has made the difficult decision to delay construction of the third building.

The completion dates for buildings one and two at Quattro were affected after a massive blaze at the development on October 1, 2008. The fire destroyed Quattro 2 and caused some damage to Quattro 1. Both buildings were still under construction at the time.

“We will return all deposits for Quattro 3, with interest, to ensure our purchasers are treated fairly,” explains Sethi. “Our plan is to refine building three and then bring it back to the market next spring. We are committed to building high quality homes and to being a key part of the revitalization of Whalley.”

In April 2009, home owners began moving into their completed homes at Quattro 1, just months after the original targeted completion date. Sethi says they’ve added a variety of new elements at Quattro – from an amenity room in each building with exercise equipment and rubberized sports flooring to enhanced security features in the parkade, such as key-fob access and CCTV system monitoring.

“We have worked hard to deliver a superior quality product as quickly as possible,” says Sethi. “It has definitely been a challenging schedule and we have asked our buyers to be patient. We truly believe home owners will be more than satisfied when they see the quality workmanship that has gone into every one of their homes.”

When launched in 2007, Quattro was Surrey’s largest-ever residential and commercial development and offered some of the most inexpensive, high-end housing in the Lower Mainland. Estimated at $625-million, the development was poised to change the future of Surrey’s Whalley neighbourhood by bringing “Yaletown to Surrey.” Sales at Quattro smashed records with building one selling out in less than four hours and building two selling out in 67 minutes.
http://www.quattroliving.ca/media

[CoryHolmes]

Is this that multi-tower complex on 108th? Or was that another project, 'cuz all I see on their website are the two low-rises.

[twoNeurons]

“We will return all deposits for Quattro 3, with interest, to ensure our purchasers are treated fairly,” explains Sethi. “Our plan is to refine building three and then bring it back to the market next spring. We are committed to building high quality homes and to being a key part of the revitalization of Whalley.”

When did they start selling Phase III? Was it after the downturn? Do they somehow see a possible light at the end of the tunnel and want to take a wait and see approach? Or perhaps, they are worried that they won't sell the remaining units in Phase III as they're expecting a possible impending crash?

Personally, although the project is interesting, it has the smell of snake oil. I know the developer was into selling real estate, which would explain the sales slant, but I don't know if you can trust what's being said.

They sold-out two buildings at high prices (just before the downturn) and have been earning interest on whatever deposits they took for building 3 as well as likely benefiting from lower costs for labour.

It will suck to live across from a dirt pile and a porn store while they decide to build out. Personally, the location doesn't seem that great and being that it's on the other side of King George, is quite some distance away from the Urban Village core that Surrey's building out.

My $.0.02
Is this that multi-tower complex on 108th? Or was that another project, 'cuz all I see on their website are the two low-rises.

Yes, that's the same project. They were going to build all 4 low-rises and then use that money to finance the high-rise. It's a brand new builder, so that was how they planned to build capital. I don't know if/when we'll see that highrise, but it was a nice looking building from the renders.

[osirisboy]

When did they start selling Phase III? Was it after the downturn? Do they somehow see a possible light at the end of the tunnel and want to take a wait and see approach? Or perhaps, they are worried that they won't sell the remaining units in Phase III as they're expecting a possible impending crash?


ugh whats with this impending crash. anyway, its more like the developers want to wait till the spring so they can sell them for more than what they can now.

[twoNeurons]

ugh whats with this impending crash. anyway, its more like the developers want to wait till the spring so they can sell them for more than what they can now.

Well, it looks like they didn't sell out the 3rd phase. The way it's worded, "we wanted to finish phase II on time, so we put phase III on hold" sounds like a bunch of BS. There is no shortage of trades right now. They could easily do both and keep Phase II on time.

It's not that there's GOING to be an impending crash, it's that anything could happen. This spring could've been a dead cat bounce or a sign of recovery. We really don't know yet and if they likely haven't pre-sold a high enough % of units in Phase III. Remember, many still feel that Vancouver's housing prices are still out of whack with fundamentals.

This is about reducing risk for the builder, not about finishing on time. Developers don't just give back deposits for a reason like this. Basically, they're not sure if they're going to put phase III on hold or not because they didn't pre-sell enough units to mitigate risk. So, they're taking a wait and see approach. They made enough money on the first two phases. They're playing it safe.

Having the remaining Phase III units compete with similarly priced Phase II units might also be a concern. There were quite a few first time flippers that bought those units too (because they were so cheap). The builder doesn't want to cast a shadow on the development by saying that maybe pre-sales didn't meet expectations and they don't want to say it's because of the uncertainty of the economy... so they spin it in a positive way and wait for the O-games to be over and decide then.

[Pinion]

I'm curious what the latest is from this development? Have they changed the name to Dos?

[Whalleyboy]

the orginally stop doing the third one to finish the second one again
and now there likely waiting till after the olympics/winterish time to continue with the rest

[Whalleyboy]

okay got some updates from recent council meeting
for the third building they are looking to add another floor and increase the amount of room

found it from here
http://surrey.fileprosite.com/FileStorage/0CD4C1A382E2456E87F71CB82D3D805B-7909-0222-00.pdf

Building Design
 Recently, the Provincial Government amended the BC Building Code to permit the construction of six-storey wood-frame buildings. Prior to the Building Code amendments, wood-frame buildings were limited to 4 storeys in height.
 The proposed Quattro Building D will be constructed as a wood-frame building and will be 5 storeys in height. Building D will be Surrey’s first wood-frame structure over 4 storeys in height.
 However, as the subject site slopes significantly from east to west, the western side of the building facing Whalley Boulevard will actually be 6 storeys in height, due to this elevation difference.
 The façade of the proposed building has been redesigned with cleaner and straighter lines, creating a more urban look. Direct access from the sidewalk to the ground-floor units along 108 Avenue has also been added to enhance the urban look of the façade even further.
 As with the original design for Building D, the ground floor of the building along Whalley Boulevard will be clad in medium-brown coloured brick veneer. In keeping with the original design, and to be consistent with the existing two buildings in the Quattro complex, the rest of the building will be clad in hardi-panel and hardi-plank siding.
 The building will be clad in two colour palettes of siding; either cream, tan and taupe or light and dark grey. Trim features will be coloured white, while railings will be black-coloured metal.

[whalley13]

Anybody know if the project directly to the east of Quattro is going to start up anytime soon? The Quattro guys own the property to the west of Quattro as well, they shoud tear down the body rub/porn shop place...even tho they are paying rent, its gonna be hard to sell new flats in the project with the shop across the street

[WarrenC12]

Are Phase 1 and 2 of Quattro occupied yet? It may sound like a dumb question but I haven't driven by in ages, just curious as to the status of this area. :D

[whalley13]

the website has been updated asking for anyone to preregister, should be an interesting to see if they can have high presales like the other two phases did....I think they are gonna have a tougher time for the third phase as nothing has materialised in the surrounding area and the flipping craze has died off somewhat

[whalley13]

There was a good article in BC BUSINESS magasine about Central City area, and the efforts the mayor was making....the magasine described the area as a 'work in progress'

There was an in depth look at Charan SETHI and his quattro project listing it as one of its hot properties coming this year...hopefully this article generates good buzz for the developement and helps with pre sales

[red-paladin]

The website's rendering for the new phase has 5 floors: http://quattroliving.ca/

We need to update the thread's details.

[Whalleyboy]

its the same one its always been thats how the building looks now
the new one is gonna look like 6 floors where the retail is

[CoryHolmes]

the magasine described the area as a 'work in progress'


That's putting it nicely. The way I prefer to think of it is that Dianne Watts is playing SimCity, but in real life. I don't know if I envy her that job or not :)

[Diet Butcher]

From QuattroLiving.ca

QUATTRO 3 GRAND OPENING MAY 1, 2010!

Quattro 3 is the 3rd building of the Quattro development. Quattro 1 & 2 sold out in a combined 5 hours and 7 minutes and we are sure Quattro 3 will have similar success. Quattro 3 offers a wide range of homes from Studios, Jr. 1 Bedroom, 1 Bedrooms, 1 + Dens and 2 Bedrooms.

Prices start at $139,900 with more than half the homes priced below $200,000.

[whalley13]

Quattro presale started today, cbc news was saying that only 30 of the 160 units sold today compared to the phase 1 and 2 sellouts within hours....

I think this is due to the building delays and semi poor location....unfortunately nothing else has happened in the immediate area in the five years plus of quattro being there....hard to commit to a pre sale when the body rub across the street is not going anywhere...plus no other developers have started up any projects around quattro....

so is the poor pre sale a reflection on quattro...or a weakness of the city centre concept? with the poor pre sales, will phase 3 go ahead?

[Diet Butcher]

News1130 reports 47 sold out of 164 total with "thousands" lining up.

http://www.news1130.com/news/local/article/50539--thousands-want-in-on-surrey-s-newest-residential-development

I think the previous 2 were sold during the height of condo mania, the real estate market is at a different point in the cycle. I think this will sell out, it will just take a little bit of time.

I think you are right that the 108th/King George area is certainly has a lot less going for it than the immediate area around the new Library where Ultra is being built.

[Whalleyboy]

http://farm5.static.flickr.com/4039/4571713251_b837e93bef.jpg
picture from civic surrey http://www.civicsurrey.com/2010/05/05/quattro-3-begins/

[jlousa]

make sure you post a link to the source.

[SpongeG]

where does it sit on the site?

[Blake]

In a normal real estate market, 47 units sold on launch day is still excellent.

The days of 2007 are well over, and it's nice to see some sanity in the market again.

[Whalleyboy]

where does it sit on the site?
the corner of 108 ave and whalley boulevard

[SpongeG]

okay i still can't visualize it i thought it was already built out to 108th

[Whalleyboy]

the first one is built beside 107 a ave
this one is gonna be right beside it on the left

[twoNeurons]

This would be the building that abuts 108th street. It has the North view ( of the mountains ) but it's also right on 108th. Building 1 faced towards the city centre (South-West). Building 2 faced East.

[Diet Butcher]

Anyone have an update on how many units are sold now in the first week?

[Whalleyboy]

Looks like paul found a new image of the full include towers
http://www.civicsurrey.com/wp-content/uploads/2010/05/Quattro-Overall-Development.jpg
picture from www.civicsurrey.com

[officedweller]

Nice, thanks. Now wouldn't it have been nice if the Quattro 1, 2 and 3 sites were mid-rises?

[CoryHolmes]

Those high-rises are going to do wonders for that stretch of KGH KGB.

[whalley13]

There was an article in the surrey now, about Tony Perry the porn shop owner...he is giving up his fight to keep open as the site owner, tien sher, i believe, is tearing down the property next year for condos.....this might be a stretch as quattro phase 4 hasn't started and quattro 3 is still far from sold out

[theQ]

The sooner that those porn shops are torn down the better. Even if Tien Sher isn't planning on building on the site for a few years, I think that tearing the old buildings sooner than later could really help his condo sales. Quite a few potential buyers are concerned about the area, and the porn shops are a big concern. I think that he also owns the land that the strip club is on?

Having those buildings torn down, and showing a nice rendering of the high rises that he plans on putting in there could help him make faster sales at Quattro 3 and 4 IMO.

[whalley13]

Anyone know how saless are going? i have noticed that building phase 3 has not progressesed beyoond foundation and they are now offering a leaseback guarantee....does anyone know what this is about? I was thinking of buying a rental unit in there, does this make it worthwhile?

[Volksboi]

Anyone know how saless are going? i have noticed that building phase 3 has not progressesed beyoond foundation and they are now offering a leaseback guarantee....does anyone know what this is about? I was thinking of buying a rental unit in there, does this make it worthwhile?

I would not recomend this, its way to far out from all the other redevelopment. If you have the money, the best investment in surrey right now is Ultra as its right in the middle of all the new civic buildings being built. I own two in the Urban Village and spent two years researching before buying in Central City....

Do your research and you will see what I mean.. Good luck!:cheers:

[whalley13]

Does anyone know how sales are going, this doesn't look like it is going anywhere since its still just the foundation and now further work has been done