The former Bargain Shop in downtown Kelowna has been bought by local developer the Mission Group.—contributed

Buyer of prime downtown Kelowna property identified

The Mission Group said it bought the Bernard Avenue site to show its commitment to city’s downtown

The identity of the local company that bought a prime piece of real estate in Kelowna’s downtown core has been revealed.

The Mission Group, one of the city’s leading developers, says it is continuing to demonstrate its commitment to the city’s downtown area with the purchase of the 1.5 acre site on Bernard Avenue that used to house the former Bargain Shop.

The sale of the property, located at in the 500-block of Bernard across from the Towne Centre Mall, was announced Monday. The building has stood vacant since 2010.

The property spans an entire block between St. Paul Street and Bertram Street and includes an existing parking lot along St. Paul Street.

The price the company paid for the property was not made public but it was listed at $9.4 million.

The Mission Group said it wants to build on its existing momentum and demonstrate a commitment to the city’s evolving downtown area with the purchase. The company is currently developing a mixed-use, high-rise residential tower to be called Ella, at the corner of Ellis Street and Lawrence Avenue.

No details of any development proposed for Bernard Avenue site were announced, but current zoning would allow for a mixed-use, residential development with a tower up to 26 storeys high.

“There are few opportunities to secure such a unique and important development property in Kelowna’s Bernard district,” says Luke Turri, vice-president of development at the Mission Group.

The company says in the upcoming months, it plans to develop concept plans for the site and ensure they “contribute to the legacy of Mission Group and Kelowna’s emerging downtown area.”

Just Posted

West Kelowna water info to be included with utility bills

Changes coming for residents include increases to the rates they will pay for water from now on

Interior Health managers voice discontent

Negative comments about work culture aimed at CEO Chris Mazurkewich.

Students frustrated by UBCO response to harassment allegations

Kelowna - Students were unaware of resources on campus

Video: Bulky bobcat goes for a stroll

Bob Lindley shared a video of a sneaky bobcat strolling through his yard in Vernon.

Cops report explosion in number of thefts from vehicles in Central Okanagan

In just the first 2 1/2 weeks of 2018, the number has nearly tripled in Kelowna and West Kelowna

Kelowna’s Ursel to coach host team at Olympics

Bob Ursel is headed to the Olympics with South Korea’s national men’s curling team

Penticton organizer caught off-guard on NHL Young Stars comment

Penticton event chair said he cannot confirm or deny anything, just that an event will be held in the city

WestJet appeals lost bid to scrap harassment lawsuit

Airline argues judge was wrong to have dismissed the company’s application to strike the legal action

Can U.S. border guards search your phone? Yes, and here’s how

Secretary of homeland security explains a new policy that let’s border guards check phones

‘Beautiful writer’ Nancy Richler dies of cancer in Vancouver hospital

Montreal-born author spent most of her adult life in B.C. as a fiction writer and novelist

B.C. commuters vote to rename bus service to ‘Jeff’

The company asked and the people of Facebook answered

EDITORIAL: With harassment allegations, students deserve better at UBCO

The lack of communication with students isn’t good enough for the Kelowna campus

Physical altercation turns to online threats in Celista

Police were called to a Shuswap ice rink after a group of men physically fought each other

Arson suspect heads to court

Vernon man suspected of starting a string of 2014 fires in Vernon

Most Read