Plans for Kelowna’s tallest buildings proving popular

More than 70 per cent of units in One Water Street sold in first few days of availability

The plan to build Kelowna’s two tallest residential towers is proving popular with buyers.

According to the developers of the One Water Street project, to be located at the corner of Water Street and Sunset Drive across from Prospera Place, more than 70 per cent of the units in the 36 and 29-storey twin towers were sold during the first weekend of sales. Thirty per cent were sold in the first few hours during a pre-arranged private meeting with potential buyers.

“The largest proportion of buyers came from the local area and from Metro Vancouver,” said developer North American Development Group in a news release Tuesday.

“These buyers were ‘downsizers’ and millennials looking forward to making One Water Street their new home in Kelowna. Just eight per cent of the buyers were from Alberta and six percent from other areas in the Okanagan. There were also buyers from various locations across Canada reaching as far as Toronto.”

A total of 160 units—including studio, one-, two- and three-bedroom condominiums and townhouses were sold during the first weekend of sales.

The sub-penthouse and penthouse units in the two buildings which were not part of the initial release, are now available starting from $1.799 million.

One Water Street will feature the two glass and concrete towers sitting atop a three-storey “podium” that connects the towers. The fourth level will be an elevated 1.3 acre landscaped park to be called The Bench, which would offer numerous amenities and outdoor space for residents, including two swimming pools, an outdoor hot tub, outdoor BBQs, fire-pits, a pickleball court and a dog run and a large private health club featuring fully-equipped gym and yoga studio.

Work has already started to remove the large earth pile that has sat on the site for several years and construction is expected to start before the end of the year. Completion and occupancy is slated for 2020.

Next door, construction is continuing on another high-rise residential project, the 21-storey 1151 Sunset Drive building.

It is being built by Kerkoff Construction, a partner in the One Water Street project.

To report a typo, email:

Like us on Facebook and follow us on Twitter.

Just Posted

Kelowna artist featured on furniture

Shandra Smith’s work is now available on credenzas

Destructive blaze in West Kelowna fatal for cat

The fire at a West Kelowna condo claimed the life of one tenant’s cat

Man pinned under metal tank in West Kelowna

Emergency personnel are on the scene

Mudslide sends debris into Highway

Highway 33 near Joe Rich had mud spilled on the highway from the slide

Kangaroo Creek Farm hops into season

Lake Country’s popular tourist site has opened its doors for the season

Sparks fly as SUV speeds down wrong side of Highway 1 trying to flee RCMP

Captured on video, the vehicle headed westbound against oncoming traffic before crashing

Bobrovsky perfect as Blue Jackets blank Canucks 5-0

Vancouver shut out for 10th time this season

Sock Hop aims to send dancers back to another time

Writers’ Festival fundraiser in Salmon Arm springs into step for another year

Fundraising campaign launched for man caught in SilverStar avalanche

In only two days, the GoFundMe surpassed its $15,000 goal

Terror at sea: Helicopter rescues frightened cruise passengers in Norway

The Viking Sky cruise ship was carrying 1,300 passengers and crew when it experienced engine trouble

DOJ: Trump campaign did not co-ordinate with Russia in 2016

Attorney General William Barr said special counsel “does not exonerate” Trump of obstructing justice

Trudeau in Vancouver to support Tamara Taggart at Liberal nomination event

The former broadcaster is seeking the nomination for the Vancouver Kingsway riding

Penticton SAR team helicopters injured climber to safety

A 30-year-old woman suffered a suspected lower-limb fracture in Skaha Bluffs Provincial Park

Kootnekoff: R v. Sidhu, was he asleep?

Driver in Humboldt crash wasn’t distracted at time of collision with bus,… Continue reading

Most Read