Green Light For South Pandosy Development

The Kelowna Real Estate market received a welcome boost this week as a new condo development was given the thumbs up by the City of Kelowna. The new building for the South Pandosy district would be a mix of retail, office and residential components.

The proposed six-storey development in the 500 block of Osprey Avenue was endorsed by the members of the city‘s advisory planning commission,“It‘s good to see projects like this still coming along for consideration,” APC chairman Barry Braden. “With everything that‘s going on in the economy, we were wondering what kind of year it was going to be for development. “Hopefully, something like this shows people have confidence in the future.” The proposed building, which city council must still approve, would have ground-floor commercial premises. Plans also show a five-storey office building on the site, as well as a four-storey condominium complex. “It‘s an urban-village concept, combining commercial, retail and residential aspects,” said Tim McLennan of CEI Architecture Planning, which is working on behalf of Dorion Developments. The project has been in the works for several years and will go forward despite the uncertain economy, though its construction, expected to start next year, may occur in phases.

South Pandosy in Kelowna has some wonderful real estate and is one my favorite parts of the city, it has a “village” feel to it with an enviable array of amenities and is situated conveniently alongside the the Okanagan Lake. There are also some other exciting condo developments in Pandosy community such as the new Caban development and a little further to the south the Playa Del Sol. A short distance is the now almost completed H2O Aquatic Centre which will add to the already excellent sporting facilities.