Thursday, March 26th9.9°C

Monaco ready to rise

Premier Pacific Group, developers of the Monaco project in downtown Kelowna hope to finally have shovels in the ground by early fall.

That's eight years after the development, which will rise with towers of 22 and 30 storeys, was first conceived.

Corporate VP, Tyler Dueck expects the project to take about 30 months to complete.

"It's been a long road but I think judging by the appeal we have gotten through the market, we think it's going to be well worth it in the end," says Dueck.

"We've been in it since 2006, 2007 with several different plans and when it came to the public point we've done three different designs."

The development, set for the corner of Doyle Avenue and St. Paul Street, beside the Madison and across from the new proposed Interior Health building, will feature 161 condo units and 128 hotel units.

The two towers will rise above a four storey podium which will include 35,000 square feet of commercial space and over a half acre of green space.

"The green space includes two pools, one for the condo and one for the hotel, a little bit of a running track, putting green and foliage."

Dueck says Premier Pacific still has to satisfy a couple of requirements before it is issued a development permit.

He expects those to be finalized in time to begin digging in early October.

As for reaction to the project, Dueck says there has been quite a bit of interest.

"We are happy with the sales registrations that we have been getting. Throughout the summer we had quite a bit of interest," says Dueck.

"That's positive for us and I'm sure positive for the Kelowna market."

He adds once a disclosure statement is made they will begin with pre-sales.

Dueck expects that to begin in about a month and half.




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 Kelowna News


Recent Trending


2123744101 -1630 Pandosy Street
more details
Click here to feature your property
Please wait... loading



Kelowna SPCA Featured Pet

Pekoe Kelowna SPCA >



Okanagan Quick Links City of Kelowna
Airport Arrivals
Airport Departures
Kelowna Discussion Forum
Kelowna's Cultural District
Kelowna Transit
Kelowna Road Closures
William R. Bennett Bridge
Tourism Kelowna
Central Okanagan
Regional District

District of Peachland
District of Lake Country
Interior Health
UBC Okanagan
Okanagan College
School District 23
Okanagan Regional Library

Kelowna City Council Audio
March 23, 2015 @ 1:30 pm
Live broadcasts, archives, schedule >

Member of BC Press Council