Looks great. Gets more people to the area, adds some needed office space, adds a lot of retail elements, gets rid of that fugly parking lot, and anchors the edge. I think it would go a long way to bringing more development to that area and it addresses some concerns people have had about 'retail' streets. Not all concerns, but some.
Not to mention it will bring up my property value.
As for height? How's that 3rd office tower in Metrotown? If Surrey can actually get some office space built and filled it will be a step in the right direction. People have to remember there aren't massive office towers all over Vancouver either. I seem to repeat myself a lot.... LOOK AT VANCOUVER PEOPLE! There is a business district and that's where the consentration is. Outside of the business district, office towers in downtown Vancouver are smaller and about this scale we seen in this project.
The big Office towers will come eventually and you will see them situated around Surrey Central. I'd imagine the main business section will be the square blocks of 102 to 104, University BVD to Whalley BVD. Station Square and the "proposed" office towers for Gateway are also not massively high.