Three-tower development in Kelowna to feature tallest building in B.C.’s Interior
Kelowna city council has approved a three-tower development that includes 650 homes, 45,000 sq. ft. of retail and restaurant space and what will be the tallest tower in B.C.’s interior, standing at 442 ft./132.7 m, once it is completed.
The Water Street by the Park project is located along the 1600-block of Water Street, in the heart of downtown Kelowna. Led by Anthony Beyrouti of Orchard Park Properties, Water Street by the Park’s three towers will be 24, 28 and 42 storeys with a mass timber bridge connecting two of the towers.
From its location at the eastern end of the William R. Bennett Bridge, only one block from Kelowna City Park and Hot Sands Beach, the project will offer views of Okanagan Lake, as well as mountain and valley views. Residents will enjoy those vistas from their 200-sq.ft.+ decks.
At street level, the podium of each tower will provide several levels of street-facing commercial space, which will become home to numerous boutiques, cafes, and other retailers and service providers.
“Having travelled to Kelowna countless times over my life, its easy to see why so many people want to live here, and our goal is to help them realize that dream,” said Beyrouti, Co-Founder of Orchard Park Properties. “From the views, the lake and the mountains, to the lifestyle and all the available outdoor activities, Kelowna has tremendous appeal for students, retirees, downsizers and all types of buyers. As committed as we are to building this project and these beautiful homes, we’re equally committed to being great corporate citizens that will work collaboratively to enhance Kelowna’s status as a great place to live and work.”
Water Street by the Park’s 650 residential units will include a mix of one- and two-bedroom units as well as large three-bedroom corner units facing the lake that will accommodate a deficiency in the current condo market.
“We’re seeing tons of interest from out-of-town buyers in particular, who want to downsize and are excited to have a larger three-bedroom option at a price much lower than they would find in Toronto or Vancouver,” says Chad MacTavish, Sales Director.
On the amenities side, Water Street by the Park will feature resort-style indoor-outdoor amenities that will be sure to fit in with any buyer’s lifestyle, featuring a year-round heated pool overlooking the Marina, toward Knox Mountain.
Aligning with the development’s lifestyle goals, a 566 long-term bike spots will be available in addition to 727 secure parking stalls. Sales for Water Street are anticipated to begin in late spring 2021, with construction expected to follow later in the year.