|By Marketwire .||
|September 4, 2012 04:17 PM EDT||
SURREY, BRITISH COLUMBIA -- (Marketwire) -- 09/04/12 --
Editor's Note: There is a photo associated with this press release.
Surrey's largest-ever residential and commercial development, Quattro completed its third mid-rise building on August 15, 2012. It has the distinction of setting a new construction standard in the Lower Mainland for being the first six-storey wood frame structure.
The multi-phase development located on 12 acres of property at the corner of 108 Avenue and Whalley Boulevard is only seven minutes walk is to the SkyTrain. The project made news headlines in 2007 when its first phase of 140 modest-priced homes sold out in four hours. A month later, its second building, with 116 homes sold out in 67 minutes.
"We are proud to lead Lower Mainland developers with this new marker for wood-frame construction. It helps keep Quattro3's home prices more affordable for both homebuyers and investors," says Charan Sethi, president and CEO of Tien Sher Group of Companies. "We are dedicated to finding the safest building methods and practices to produce the high-quality homes that our buyers have come to expect."
There are a number of benefits to building with wood including lower costs and increased environmental sustainability. Increasing the allowable height of wood buildings is part of the Province's ongoing efforts to encourage innovative building practices and expand domestic markets for B.C. wood products. The new B.C. Building Code provisions allowing higher wood buildings maximize these benefits while maintaining the Province's commitment to public safety.
Peter Simpson, President and CEO of the Greater Vancouver Home Builders' Association says six-storey wood-frame buildings are a viable option for residential buildings in urban settings like Metro Vancouver. "This type of wood-frame construction is not a new idea. It has been going on in Europe with great success in recent years."
Surrey Mayor Dianne Watts says construction and new development in Surrey's City Centre continues strong. "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. 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."
Owners are currently in the process of moving in to their Quattro3 homes.
"Six-storey wood frame construction is as safe as any other form of construction because fire code is even more stringent," says Anne McMullin, President and CEO, The Urban Development Institute. "Clearly it represents a future trend in B.C. construction.
Quattro3 still has a variety of home sizes for sale. The Quattro Discovery Centre is located at #127 - 10788 Whalley Boulevard, Surrey. It is open Tuesday through Sunday, 10:00am to 6:00pm starting on September 4th.
To view the photo associated with this release, please visit the following link: http://www.marketwire.com/library/20120904-904q3_800.jpg.