The rapid pace of development in Kelowna continues with the greenlighting of a substantial residential project. On July 12, the City of Kelowna issued a $38 million building permit to Focus Kelowna Homes, paving the way for a six-story, 240-unit apartment building at 1280 Sutherland Avenue.
Project Details
The development will encompass a mix of unit types to cater to a diverse range of residents:
- 153 bachelor suites: Including 147 micro-suites, designed for individuals or couples seeking compact and affordable living spaces.
- 40 one-bedroom apartments: Ideal for young professionals or small families.
- 36 two-bedroom apartments: Suitable for growing families or roommates.
- 5 three-bedroom apartments: Offering ample space for larger families or those seeking additional room.
- 6 two-bedroom townhouses: Providing a combination of apartment living with the feel of a single-family home.
Amenities
- Ground floor lounge
- Second-floor gym and shared workspace
- Second-level courtyard
- Community garden
- Pet run
- Rooftop space
Recognizing the city’s housing demands, the developer has committed to exceeding the city’s amenity requirements by 25%. Additionally, a $480,000 contribution to the Housing Opportunities Reserve Fund will support affordable housing initiatives.
The project also includes a robust parking plan with over 220 vehicle stalls and 322 bicycle parking spaces.
A Growing Neighborhood
The Sutherland Avenue development joins a wave of new residential projects transforming the central Kelowna landscape. Nearby developments include:
- Five Crossing project: A 62-unit proposal at 1274 Devonshire Avenue
- 1310 Belaire Avenue: A proposed 62-unit apartment building
- Belaire Avenue and Chandler Street: A planned 90-unit apartment building
- 1341 Belaire Avenue: A proposed 99-unit condo building
This surge in construction activity is indicative of Kelowna’s strong economic climate and growing population. As the city evolves, new housing options are essential to accommodate the increasing demand for diverse and accessible living spaces.
Market Impact and Project Timeline
With Kelowna's rental market experiencing significant growth, this new development is expected to help alleviate rental pressures. While specific rental rates for this building have not been released, the average rent for a one-bedroom apartment in Kelowna currently stands at approximately $2,084, and $2,615 for a two-bedroom unit.
Construction is anticipated to commence in the coming months. The project is expected to create jobs in the construction sector and contribute to the local economy.
