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

New maintenance crew to look after Okanagan Connector

Acciona Infrastructure Maintenance Inc. will replace Argo Road Maintenance Inc. in 2019

Your guide to winter light ups around the Okanagan

From Vernon to Summerland, with a stop in Kelowna, we’ve found some activities for you to enjoy

Kelowna’s definitive Christmas market list

We’ve prepared a list of every market in the Central Okanagan

Council to approve borrowing of $6.6 million for new Lake Country fire hall

Council will decide Tuesday night if the district should borrow up to $6.6 million for a new hall

West Kelowna Warriors suffer loss to the Vernon Vipers

The Warriors offence couldn’t get any traction as they lose their second in a row

Trudeau offers to help Pacific islands face climate change impact

Prime Minister Justin Trudeau met with the leaders from the Pacific island nations on Saturday during the APEC Summit in Papua New Guinea

Canada defeats Germany 29-10 in repechage, moves step closer to Rugby World Cup

Hong Kong needs a bonus-point win over Canada — scoring four or more tries — while denying the Canadians a bonus point

Avalanche Canada in desperate need of funding

The organization provides avalanche forecasting for an area larger than the United Kingdom

5 B.C. cities break temperature records

Parts of B.C. remain warm, at 10 C, while others feeling chilly

Hodge: The long road to recovery

Kelowna - The first week of recovery I was too consumed in pain to notice the lack of fluid.

Letter: Teaching children to be compassionate is never a bad thing

Kelowna - Teaching Mandarin in schools? That gets my vote.

Letter: Homeless Kelowna citizens need help now, not later

Long term solutions are needed and government has a role to play there.

Letter: Election loss in Kelowna blamed on racism

For decades I have written in the local press about racism.

Letter: Peachland watershed issues being recognized

We heard that an integrated response between industry and government is required

Most Read