Photo: Wexford Developments
The co-founder of a Calgary company that was involved in the development of the former RCMP site on Doyle Avenue gave a glimpse into the residential tower planned for the site.
Kendal Harazny went on Twitter on Monday with a “sneak peak of our upcoming rental project in downtown Kelowna. Uninterrupted 270-degree lake views.”
Sneak peak of our upcoming rental project in Downtown Kelowna. Unobstructed 270 degree lake view. pic.twitter.com/4SiIpAszsl
– Kendal H (@khzny) May 3, 2021
Harazny’s company Wexford Developments is listed as the developer of the website alongside Rise Commercial Developments from Kelowna.
The two companies are also working on The Shore on Lakeshore in the Lower Mission.
According to the company’s website, the development will include more than 300 rental units over 15,000 square feet of retail space on the ground floor and 20,000 square feet of office space on the second floor.
It does not indicate the suggested height of the building.
“This new, mixed-use building is located in the booming bourgeois quarter of the city center and will include a community square, a pedestrian-oriented art walk and 6,000 square meters of common space,” says the description of the development.
“The Art Walk will be lined with high-end retail stores and restaurants. The second floor will have 20,000 square feet of office space and the tower block will offer beautiful rental apartments with expansive views of Okanagan Lake and the mountains.”
The city and Rise Commercial Developments agreed on a 99-year lease for the property earlier this year.
Under the terms of the lease, the city will receive $ 7 million for the first 80 years of the lease and its fair market value for the past 19 years.
The city will use $ 4.3 million of the initial payment to build 6,000 square feet of community space, an extension to the Artwalk, and a Civic Plaza.
A local group hit the deal and said the city would be giving the property away.
