OpenRoad Auto said Friday it is building a 16-acre auto mall in Surrey, B.C., with multiple dealerships on seven lots and roughly 166,000 square feet of commercial space and more than 1,000 vehicle parking stalls.

The Surrey Auto Loop, which is being developed on 76 Avenue in Surrey’s Newtown neighborhood, has already confirmed Surrey Honda and Mercedes-Benz Surrey as its first brands.

OpenRoad is partnering with Conwest Developments to build the mall.

“We thank the City of Surrey and our partners at Conwest Developments for making Surrey Auto Loop possible,” OpenRoad CEO Christian Chia said in a news release.

“There is no doubt Surrey is B.C.’s fastest-growing city. The Surrey Auto Loop will allow us to serve the Surrey community with even more options, more brands, and more of the people-first service that OpenRoad is known for, all in one convenient destination.”

Surrey Mayor Brenda Locke added, “The Surrey Auto Loop is a major investment in Newton and another sign of the growth and opportunity we’re seeing across our city. It will create local jobs and bring new economic activity to the area. I want to thank OpenRoad Auto and Conwest Developments for their partnership and confidence, and for choosing Surrey for this project.”

Construction is expected to start early next year. Announcements on additional dealerships are forthcoming.

“When OpenRoad approached us with their vision for Surrey Auto Loop, we immediately recognized the site’s potential and the opportunity to create something that would have a meaningful, long-term impact on the City of Surrey,” Conway chief operating officer and partner Ben Taddei said.

“Our involvement extended well beyond the sale of the land. We worked closely with OpenRoad and the City of Surrey throughout the rezoning and approvals process to help create a development-ready site that will bring significant private investment, adding hundreds of jobs and another important step in Surrey’s continued evolution as a major employment and economic center.”