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Wednesday, November 29, 2023

36-storey ONE Water Street condos approved in downtown Kelowna

Kelowna city council has given its blessing to the ONE Water Street condo development, which will be the tallest buildings between Metro Vancouver and Calgary once complete.

The 36 and 29-storey towers will be the first of their kind in downtown Kelowna and will be built in the “Sunset District” on a former rail yard site locally known as the “dirt pile.”

ONE Water Street is a partnership between North American Development Group (NADG) and Kerkhoff Construction. The building was designed by Kasian Architecture.

The tallest tower will be constructed first and contain 221 units. The second, 29-storey tower will contain 182 units, and will be constructed as part of phase two.

ONE Water Street pricing phase one

  • Studios: (442 to 456 sq ft.) $299,900-$309,900
  • One-bedroom (536-553 sq ft.) $324,900-$354,900
  • One-bedroom and den (611-634 sq ft.) $384,900-$499,900
  • Two-bedroom (840-1,100 sq ft.) $449,900-$999,900
  • Two-bedroom and den (1,165-1,348 sq ft.) $649,900 to $1,199,900
  • Three-bedroom (1,408 sq ft.) $904,900-$1,209,900
  • Townhomes (1,775-1,904 sq ft.) from $899,900
  • Sub-penthouses (1,591-2,632 sq ft.) from $2,099,900

*proposed and subject to change

ONE Water Street pool
Amenities at ONE Water Street, showing the outdoor pool and lounge.
ONE Water Street marketing
Markerting on the site of ONE Water Street.

The two towers will sit atop a landscaped three-storey podium, featuring two swimming pools, an outdoor hot tub, a 3,000 sq ft. fitness centre, outdoor BBQs, fire pits, a pickleball court and a dog run.

“The contemporary design of the building is inspired by multi-story, sophisticated residences in major cities, while the amenities reflect the Okanagan lifestyle, with a resort feel that encourages health, vitality and relaxation. It’s going to be an irresistible combination,” said Leonard Kerkhoff, VP of Construction at Kerkoff Construction.

ONE Water Street will offer residents a convenient, urban lifestyle within walking distance of shops and services in downtown Kelowna. Most homes will have views of Okanagan Lake and/or Knox Mountain, with large balconies incorporated into the design.

“ONE Water Street provides new housing that we know is in high demand in Kelowna’s hot housing market,” said NADG Managing Partner Henry Bereznicki. “It will also connect the Sunset Drive District to Kelowna’s Cultural District, creating a whole new sense of place, with easy walking or cycling access to downtown shopping, services and restaurants, and the waterfront on Okanagan Lake.”

Kelowna is the sixth fastest-growing city in Canada. In 2016, the Kelowna region’s population grew by 8.6 per cent to 127,380. The overall average price of a single detached home in Kelowna increased 14.4 per cent year-over-year to $581,770. (Royal LePage House Price Survey, April 2017).

Sales are already underway and construction is expected to start later this year. For more information, visit www.ONEWaterStreet.ca

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Peter Meiszner
Peter Meiszner
Peter Meiszner is an experienced journalist and media relations professional, based in Vancouver. As founder of urbanYVR.com, he has been reporting on urban development across the Lower Mainland since 2016, and has also served as vice-chair of the Gastown Historic Area Planning Committee. In October 2022, he was elected to Vancouver city council and is no longer actively reporting for urbanYVR.

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