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Plans have been finalized and construction is scheduled to begin for the development of an LEED certified neighborhood on the property where the old Kelowna Senior Secondary School once was.
The City of Kelowna has finalized the contract with Al Stober Construction Limited to purchase the remaining five parcels at the Central Green site. The deal is worth more than $6 million and the development of the site is expected to start as early as 2015.
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“The City and the community worked together from 2008 to 2011 to create a comprehensive plan for Central Green that would guide its development,” said Mayor Walter Gray. “The properties have been for sale since 2012, but we now have the right market conditions and a local developer that came to the table with an offer that will see the community’s vision for the site unfold.”
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Located minutes from downtown and across from Kelowna Central School, the site is bordered by Harvey Avenue, Richter Street and Rowcliffe Avenue. It was decided that 15 per cent of the site would be dedicated to affordable housing. The parcels set aside for housing wrap around a two-hectare area reserved for Rowcliffe Community Park. The park is scheduled to begin construction in 2017.
Al Stober Construction, the company behind the Landmark building in Kelowna, purchased the parcels known in the comprehensive development zone (CD22) as Areas A, B, C, D and G. In the next coming months, the company will begin the development permitting process with the intention of constructing rental housing. The development of rental housing will meet the identified need for affordable housing and rental properties in the city.
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“We are very excited at the opportunity to deliver a top quality residential development for this great location adjacent to Kelowna’s downtown,” said Steve Kumpf, General Manager for Al Stober Construction Limited. “Our pedestrian-oriented development plan for Central Green creates a vibrant and livable neighborhood that includes a large community park and is a quick walk to the beach or downtown’s dining, shopping and central business district.”
The City Kelowna also sold Areas E and F to Davara Holding for $800,000 in 2013 to build a support centre for the Karis Support Society. The proposed 30 unit project is currently under development. Area H was offered to B.C. Housing and will be operated by the Ki-Lo-Na Friendship Society as an affordable housing development with 86 units. The proposed Rowcilffe Community Park will be developed in Area I.
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"To me the biggest problem is that we just don't have bodies living downtown...it's been tough to get people downtown and I just think this project will help revitalize it," said Marshall McAnerney Investment Sales Division Colliers International.
With over 800,000 square feet of space, the energy efficient housing project has vast potential for the progress of our community and investment in Kelowna's housing future.
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