There are presently a number of fantastic developments in the works for Kelowna. As realtors, the team at Quincy Vrecko and Associates (RE/MAX Downtown Kelowna) tend to keep a close eye on these things. The future is certainly looking bright for our city including the development of The Innovation Centre.
CITY CAPITAL PROJECTS
From the new Kelowna Yacht Club to the construction of a new open-air market (among many other things), there’s currently a bit of a boom in Kelowna real estate developments. Even the City of Kelowna is on the action as they have earmarked $50 million for capital projects this year.
Recent development news saw Kelowna City Council give the go-ahead for the construction of a new roughly 106,000 sqft building in the downtown core. The Innovation Centre will be at the intersection of Ellis St. and Doyle Ave. Located adjacent to the architecturally stunning Okanagan Regional Library The Innovation Centre promises to be magnificent in its own right. It’s going to be another great addition to downtown Kelowna and to the burgeoning technology industry.
The multi-story Innovation Centre building is intended to facilitate growth in the Okanagan’s ever-growing tech industry. It will encourage entrepreneurialship by providing space for startups, non-profits, and members of the public. In addition, the Okanagan Centre for Innovation will feature a number of market commercial units. All of this is thanks to the Kelowna Innovation Society!
Construction will start later this year with completion slate for early 2016 on the high-tech $35-million Innovation Centre building.
Now is certainly a great time to invest in the real estate market in Kelowna, particularly the downtown area as new developments are sure to strengthen property values in the years to come.
For photos, visit OkanaganInnovation.com.