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The dirt pile is finally gone, and construction has begun at ONE Water Street in downtown Kelowna.
It has been three weeks since the groundbreaking ceremony took place, and the project's developers report that buyer interest is soaring.
Construction on the nearly sold out 36-storey East Tower is underway and progressing as planned, and the timeline for the 29-storey West Tower has been accelerated by six months based on the pace of sales.
Nearly 2,000 people have registered as potential buyers for the West Tower since the groundbreaking ceremony.
“Things are moving quickly with the dirt pile gone, work on the East Tower underway, and the accelerated schedule for the West Tower,” says Leonard Kerkhoff, vice-president of Kerkhoff Construction.
Kerkhoff adds that the most popular floor plans in the East Tower sold out quickly, so buyers are encouraged to register quickly for the best selection in West Tower when sales begin in the spring.
“There’s been no let-up in interest in ONE Water Street, and the announcement that we plan to move ahead with the West Tower sooner than expected has generated even more anticipation,” says Henry Bereznicki, managing partner of North American Development Group (NADG).
“Everyone knows there’s a shortage of well-appointed high-rise homes in Kelowna. People from the Lower Mainland and elsewhere are joining Okanagan buyers in purchasing these homes, and with Kelowna home prices likely to rise even further, people know now’s the time to buy.”
The East Tower is now under construction with more than 190 homes purchased since last October and is due to be completed in 2021.
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