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Kelowna’s Changing Landscape: Downtown Living for Millenials

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The 2016 Stats Canada census reveals that Kelowna is one of the fastest-growing cities in all of Canada and the largest area of growth in July 2017 has been in Condos and lots for sale.

Kelowna’s population increased by 8.4% since the last census in 2011. The population of the central Okanagan city now sits at 127,380, up from 117,312 five years ago. This means Kelowna is the sixth-fastest-growing community in the country behind Calgary, Edmonton, Saskatoon, Regina, and Lethbridge.

“Normally in a year we need to process about a thousand residential building permits, this year we did almost double that. These are really high numbers,” community planning manager with the City of Kelowna Ryan Smith said.

“We are seeing a similar building boom to the one we saw in 2007 so again they are numbers that are the same or higher.”

Read more about Kelowna’s growth here: Kelowna is one of Canada’s fasting-growing cities

Official Community Plan Indicators Report 2016

One of the main goals of the Official Community Plan is to contain urban growth by reducing urban sprawl and developing great neighbourhoods. To achieve this, the City of Kelowna aims to balance the projected need for approximately 20,100 housing units by the year 2030 by directing this growth to the Urban Core and its supporting Urban Centres, with a goal of increasing the proportion of units in the Urban Core and Urban Centres to approximately 46% of all new residential units.

In 2015, 80% of all new commercial development was within the city’s urban centres. The city’s urban centres continue to attract commercial development with the Downtown’s Revitalization Tax Exemption Program supporting projects such as the Okanagan Centre for Innovation. The City is putting forth efforts to encourage compact growth by directing commercial development and employment to areas that will continue to be prioritized for future residential development, as well as transit and alternative transportation infrastructure.

The Buildings planned to cope with the higher demand for residential accommodation

Ella

Live at Ella | Kelowna Downtown Real Estate - Desiree Brodhurst

Planning permission has been granted July, 2017 for this 20-storey building at the corner of Ellis Street and Lawrence A

venue. With sweeping lake, city and mountain views with residential starting on the 6th floor and Retail on the first. This building is:

  1. LEED Certified and with a walk score of 97, meaning that your neighbourhood is walkable to all the places you need
  2. Wired for the future with convenient Technology for today
  3. By the Lake with glorious hiking and biking trails.
  4. Urban living at its best, with all the local cuisine, creative social houses, art galleries and more.
  5. Timeless, leading edge architecture with Contemporary interiors

Spa-Inspired Ensuites at Ella

Each master ensuite boasts a semi-floating European-style vanity with soft-close hinges and drawers, and designer pulls. Gleaming quartz countertops highlight each vanity and offers square, contemporary undermount sinks with sleek polished chrome single-lever faucets. Mounted above are mirrors with integrated custom medicine cabinets and contemporary light bars.

Elegant large-format carerra marble or travertine inspired porcelain tiles seamlessly envelop floors, vanity walls and showers. Showers are roomy and possess custom frameless 10 mm glass doors, additional lighting and slide bar with over sized hand shower for ease and convenience. A separate soaker tub is a luxurious addition to specific floor-plans.

For further information on living at Ella, call Desiree Brodhurst at 250 864 5080

One Water Street

This mixed use development by Kerkoff and North American Development Group (NADG) is at the Council stage of planning to get rid of the “dirt pile” on the 2.9 vacant lot between Ellis and Water Street. Kerkoff ventured with NADG because of  the 2200 ft commercial and retail — and control leasing, which means entirely separate budgets.

The North Tower is 29 stories and the South Tower is 36 stories and is an elegant development addition to the landscape of the Okanagan, offering a total of 403 condominium homes. This development provides the option to live in a walkable and cyclable environment close to the lake and all the downtown core amenities. The South Tower will be built first, designed by world renowned Kassian with the foundations engineered from scratch and deliberately above ground to provide increased protection from any overland water that can occur during peak levels of the lake.

One Water Street | Kelowna Downtown Real Estate - Desiree Brodhurst

The development will be 2.9 acres on 3 streets! 1-3 is called the “Podium” and at the base is mixed use commercial, parking and connection to all the towers. On the 4th is an elevated landscaped 1.3 acre area offering more than 58,000 square-feet of outdoor amenities for residents called the “Bench”.

Amenities include:

  • Outdoor patio with tables and couches
  • Two pools, Lap pool for serious swimmers, separate larger pool for entertainment
  • Waterfall patio for residence with fine dining proposed
  • Separate generous sized hot tub
  • Double height gym / fitness facility
  • Dog Park
  • Open fire pits
  • Pickle Ball court
  • Public access and Daycare on Water street
  • 3 levels of parking on floors 12 and 3 with to access points

What are your options? Choose from an assortment of 1,2 and 3 bed apartments, limited number of penthouses, and a selection of Townhomes 1700-1900 sq ft. These are apparently the only concrete townhomes in the city, which will be approx. 1408 square-feet and located on level 4 and 5. Live/work studios also available, great for entrepreneurs, artists, and anyone needing a bit of extra space.

Who doesn’t love a balcony? Large balconies available (about 20% of the living space) with unmatched views anywhere in the Okanagan, due to the positioning of the buildings and their height — being the tallest buildings between Metro Vancouver and Calgary. As the buildings are designed to “rotate and stretch” as they rise, the developers claim that approximately 80% of the homes will have unobstructed views of the Lake and the iconic floating William R Bennett Bridge (that and the dock at Sheerwater on the other side of Knox mountain were unaffected by in the recent flooding), and of course Knox mountain and city views.

VIEWFINDER AVAILABLE SOON. For more information and to discuss your options, please call Desiree Brodhurst at 250-864-5080.

24 Kelowna

With the iconic Lululemon store a mere hop and a jump away, this 24-storey, upscale multi-purpose building is a welcome addition to downtown. Aquilini Development, with the experience of the iconic Sopa Square behind them, promises to deliver an upscale addition in the heart of downtown, minutes from everything the core has to offer.

1232 Ellis Street

Lastly, 1232 Ellis Street, just behind Prospera Place, a 14-storey  Commercial Residential Building with 91 units promises to offer the best of downtown living.

Why all the sudden building in Kelowna?

The City is enjoying a growth in new industries, including the Tech Centre downtown, Interior Health, Hospital and University to name a few. This has led to an influx of new arrivals from larger centres combined with the fact that a larger percentage of Graduates than ever seen before are choosing to stay in the Okanagan. The City currently has some of the lowest vacancy rates in Canada!

As the North American Managing Partner Henry Bereznicki said, “In greater Vancouver and Calgary, young professionals, retirees and families are choosing to leave the hefty price tags and long commutes of the big cities behind in favour of more affordable homes in the Okanagan”.

Contact Desiree Brodhurst or call 250-864-5080 with inquiries on downtown living in Kelowna

  1. […] As you walk into the yard, you will be greeted by wildlife and nature around you. A few steps away from your yard is a private trail, leading directly to the heart of Knox Mountain Park’s many trails and walkways. You would expect that this is far from the city, but actually Glenvalley is within 15 minutes of downtown Kelowna, Orchard Park Shopping Centre, and Kelowna International Airport. Such a central location, without compromising on your natural setting. […]

    Pingback by Glenvalley: An Ideal Location Built Into Knox Mountain Park – Okanagan Home Improvement Blog on July 25, 2017 at 3:18 am