Why should developers consider building on Campus Communities land?
Campus Communities sites are surrounded by amenities and wonderful new projects built by leading development firms. In Chilliwack there are communities like River’s Edge and Garrison Crossing – leading the transformation of South Vedder. In Abbotsford there is the emergence of King Road as a leading hub of growth and activity – creating a new complete community adjacent to campus.
Standard 99-Year Prepaid Ground Lease
During the early phases, Campus Communities will not build projects. Instead, we will rezone and subdivide project parcels, then lease these parcels to developers using a standard 99-year ground lease template (the same template used by other property trusts across the province). We are seeking developers with the expertise to design, finance and build projects on leased land.
Land Serviced to Lot Lines
Campus Communities will deliver fully rezoned and subdivided sites ready for development. Developers with expertise in designing and building outstanding community-friendly projects in varying densities will find working with us easy and streamlined.
Abbotsford Land Parcels
Our goal is to be part of the complete community planned for the UDistrict along King Road. After more community consultations and rezoning work, there will be approximately 5.5 acres of lands available for development at the Abbotsford campus, subdivided into individual building parcels ready for development. Sites will be serviced to the lot lines with clear design guidelines and community guidelines available to define permitted uses and expectations.
Chilliwack Land Parcels
Plans at the Canada Education Park are under review for development and will undergo an Official Community Plan amendment process as well as rezoning and subdivision. Upon completion of approvals, a significant portion of UFV’s eastern CEP campus is anticipated to be available for development. Land will be fully zoned, subdivided and serviced to the lot lines by Campus Communities – ready for development. We anticipate exploring a variety of developments at the Canada Education Park including collaborations in health sciences, research, technology and public-private partnerships as well as great residential communities. South Vedder is an incredible area with an exciting future. Stay tuned.