Penticton and South Okanagan
600 new homes for Penticton
Oct 16, 2013 / 12:45 pm
Greyback Developments Ltd. in partnership with the Penticton Indian Band Development Corporation announced details of their newest project, Skaha Hills, this week.
The project is slated to be a master-planned community above the shores of Skaha Lake, on a 550-acre site on South Okanagan hillsides and bench lands.
"The elevated site on the south end of Penticton is one of the finest parcels of land for development in Penticton, because of its views, natural setting and proximity to amenities and Highway 97, the main artery through the Okanagan," said Curt Jansen, Skaha Hills director of real estate.
The land, owned by the Penticton Indian Band,was recently released for development to their new partners, Greyback Developments Ltd., and fully secured by a crown lease with Canada.
The development site is the first of its kind to be designated for a 150-year term. It will develop in seven phases and at full build out will consist of 600 homes with protected lands surrounding the community.
Proposed amenities include golf, beachfront access, hiking trails, pools and sports courts.
The groundbreaking is expected to take place in November, with sales to proceed in March of 2014.
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