10240 City Parkway (the "Subject Property") is located in the heart of the Central Downtown District of Surrey - a compact, highly walkable area of less than 1 square kilometer envisioned to facilitate major economic, cultural & institutional exchange. The Subject Property has achieved its final approval in its 3rd reading for a 50 storey, mixed-use tower of 9.0 FAR or 404,260 of GBA (the "Project"). The Project will consist of 215 rental units, 168 market condos, 2,968 sf restaurant space, 1,920 sf retail & 56,240 sf of office. The Project is earmarked to be Surrey's tallest tower & will offer a vibrant civic, educational, entertainment and cultural focus where local offices & institutional sector employees, students & residents can enjoy a network of pedestrian-oriented amenities. Together with the Simon Fraser University campus expansion & proximity to the three City Centre Skytrain stations, the area will enjoy a significant presence of student activity & high pedestrian volume.