The fact that ONE Water Street includes what will be the tallest condo tower between BC’s Lower Mainland and Calgary is just one of the things that sets this Kelowna project apart from any other in the area.
The community, currently under construction off the shores of Okanagan Lake in Kelowna’s North End, is also taking the quality of development in the province’s seventh-biggest city to new heights.
“If you want to have success of a project of this nature, this size, this scope, you really have to go big or go home,” Mark West, a spokesperson for developer North American Development Group, tells Livabl.
The plan was to bring the type of residential development seen in Vancouver, Toronto and other major urban centres to the Kelowna market.
One of the ways North American Development, which has partnered with Kerkhoff Construction Ltd. for this groundbreaking project, executed this ambitious approach was with the amenities.
Sitting atop the four-storey podium that will extend between ONE Water Street’s 36-storey east tower and 29-storey west tower, an amenity-rich facility appropriately named The Bench is going to sprout. “There was going to be an elevated area, so let’s not waste that area, let’s maximize it,” says West of the inspiration for The Bench.
The fourth-floor facility is going to house ONE Water Street’s impressive assortment of amenities, which were selected in part based on a survey of potential and previous homebuyers.
In all, The Bench offers 1.3 acres of amenity space, including an array of outdoor features that take advantage of Kelowna’s favourable year-round conditions. Under open air, residents and their guests will find grilling stations, harvest picnic tables, fire pits, two swimming pools, a large hot tub, dog park and even a pickleball court.
For the uninitiated, pickleball is a fast-growing spin on tennis that uses a smaller court, wiffle ball and paddles instead of a traditional racquet. “Kelowna is a highly recreational marketplace… so amenities tend to be well used and well received because of our seasons here,” West explains.
Inside The Bench, there’s a business centre, joint yoga/pilates/dance-and-stretch studio, as well as a private health club, including a fully-equipped, state-of-the-art gym.
Another distinguishing feature of ONE Water Street is the wide variety of homes that are available. The mixed-use development features commercial space, street-level live-work units, townhomes and tower homes, ranging from studios all the way up to luxe penthouse suites.
In total, the east tower emcompasses 227 homes, while the west tower will add another 202 dwellings. Two cranes are on-site, and contractors have already poured the concrete for the east-tower podium, with work on the tower expected to begin the coming weeks with an expected completion date in 2021.
Work on the west tower’s foundation is underway, which is the result of strong sales following the east tower’s launch in fall 2017. Some 160 homes were quickly sold, spurring the release of a second tower, where another 150 homes were sold. ONE Water Street is now 85 percent sold.
West says the vast majority of homebuyers have been end users, with about 80 percent planning on residing at ONE Water Street. There has been significant demand from downsizers, though there are also first-timers and investors among the purchasers. “As far as location goes, it was really a premium location,” says West. “It’s quite close to the lake.”
For more information about ONE Water Street, visit onewaterstreet.ca.