Over the last five years, since the project was first announced as a partnership between Sprott Shaw College owner CIBT Education Group and local developer WestStone Group, the tower’s design and uses have seen some changes that reflect fluctuating market conditions. Site of GEC Education Mega Centre at 10240 City Parkway, Surrey. (Chris Dikeakos Architects/CIBT Education Group) Artistic rendering of GEC Education Mega Centre at 10240 City Parkway, Surrey. (Chris Dikeakos Architects/CIBT Education Group) The project’s construction cost is estimated at $270 million, and the property for development was acquired in August 2019 for about $23 million. “With new developments in recent months indicating a burgeoning real estate market in Metro Vancouver, we are pleased to receive the approval for our rezoning application for GEC Education Mega Center,”said Toby Chu, chairman, president, and CEO of CIBT, in a statement.