The largest residential and commercial development in Surrey's history happens to be the Lower Mainland's first six-storey wood-frame condominium.
Quattro3, the third mid-rise building by Quattro in Surrey, is finished and on display at the corner of 108th Avenue and Whalley Boulevard. The 12-acre property reached completion on Aug. 15.
"We are proud to lead Lower Mainland developers with this new marker for woodframe construction," said Charan Sethi, president and CEO of Tien Sher Group of Companies, in a statement. "It helps keep Quattro3's home prices more affordable for both homebuyers and investors."
The use of wood is said to be less costly and more sustainable for the environment. Provisions to the B.C. Building Code which now allow taller buildings to be made of wood have aided in the province's effort to expand domestic markets for wood products from B.C.
The city welcomes roughly 1,000 new residents each month, prompting a housing boom throughout the area.
"National business and real estate organizations continue to recognize Surrey as having one of the strongest investment climates in the country, and we've been able to attract over $1 billion in new residential development to City Centre," said Mayor Dianne Watts in a statement.
"As we continue to shape growth in our city, we are encouraging new forms of housing stock to meet the needs of our community and are excited to see Quattro pioneering six storey wood-frame construction in Surrey."