The City of Kelowna has issued a $17.4 million building permit for a new residential development in the Mission/Crawford area. Located at 1055 Frost Road, the project will see the construction of 296 units across four five-storey buildings, contributing to the ever-growing Ponds community. The development, spearheaded by Highstreet Ventures, aims to provide a mix of studio, one-bedroom, and two-bedroom apartments, addressing the city's growing housing demand.
The developer, Highstreet Ventures, received approval to build 296 residential units spread across four five-storey buildings. These units will include a mix of studio, one-bedroom, and two-bedroom apartments, offering much-needed housing options in a city grappling with a housing shortage. This project is seen as an important step in addressing the region's housing demand.
Key Features of the Development
- 296 units: A mix of studios, one-bedroom, and two-bedroom apartments.
- 465 parking spaces: A combination of underground parkades and surface parking.
- 223 long-term bicycle parking spaces: Promoting sustainable transportation options.
- Location: Conveniently situated near Canyon Falls Middle School, the project is also close to several parks, transit stops, and the Ponds commercial plaza, making it a desirable area for families and professionals.
Environmental and Community Impact
Highstreet Ventures has been lauded for its sustainable building practices, including energy-efficient designs that comply with Step 4 of the BC Energy Step Code. The buildings will include solar panels to reduce the carbon footprint, and each unit is designed with eco-friendly features such as low-flow appliances and advanced insulation to reduce energy consumption.
In addition to the residential buildings, the project will also feature community-oriented amenities, including community gardens and spaces for residents to gather, enhancing the sense of community in this growing neighbourhood.
Timeline and Future Outlook
The project is expected to be a key part of Kelowna's development strategy to meet the growing demand for housing as the city continues to expand. With rezoning approved in May 2022 and development permits issued by May 2023, construction is anticipated to move forward quickly, aiming to bring new homes to market as early as 2025.
This new development aligns with Kelowna's efforts to balance rapid urban growth with sustainable and community-focused living, providing much-needed housing while maintaining the city's environmental and social values. As the project progresses, it will offer residents modern, energy-efficient homes in a thriving part of the city.
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