Central Okanagan News
Changing the landscape
A massive new development is already underway in Lake Country, and local officials held an official groundbreaking ceremony Friday morning.
The Lakestone waterfront community will be located on a 550-acre parcel of land in Okanagan Landing. Once completed, it will include 1,365 homes and also 300 acres of preserved open space featuring walking trails from the lakefront to Summit Park.
“This is a great development for Lake Country and the largest single development I think, with the total build out,” says Lake Country Mayor James Baker.
Construction on the development has already begun; Friday’s official ceremony was to ‘break ground’ on the $3.5-million Lake Club, which will include a pool, hot tubs fitness centre and space to store water toys.
The private club will only be available to property owners at Lakestone, but will also have a public beach for Lake Country residents and anyone else.
Owner and President Robert Macdonald of Macdonald Development – the company in charge of Lakestone – says the project is coming together on a great piece of land.
“We felt ourselves extremely fortunate, because this location on Lake Okanagan is very special in world terms. And most of us have travelled around the world. And there are very few places on the entire planet as special as this.”
Phase 1 has already sold out near the water’s edge with lot prices going for $195,000.
They are currently preselling lots of phase 3 for $225,000.
Comments on this story are pre-moderated and approval times may vary. Before they appear, comments are reviewed by moderators to ensure they meet our submission guidelines. Keep it clean, keep it civil, keep it truthful, stay on topic and be responsible. Comments are open and welcome for three days after the story is published. We reserve the right to close comments before then. Comments that appear on the site are not the opinion of Castanet, but only of the comment writer.
Read more Central Okanagan articles
- Dogs attacked with weaponKelowna - 4:45 pm
- Dog handler recounts chaseWest Kelowna - 4:00 pm
- Man hospitalized after assaultKelowna - 11:12 am
- Mail theftKelowna - 10:30 am
Kelowna Discussion Forum
Kelowna's Cultural District
Kelowna Road Closures
William R. Bennett Bridge
Tourism Kelowna Central Okanagan
District of Peachland
District of Lake Country
School District 23
Okanagan Regional Library