Photo: Contributed

The developers of a long-abandoned proposal for a major development at Gyro Beach hope to give the project a second life.

Vancouver’s Cressey Development Group is looking to resurrect Caban—the six-storey, mixed-use, residential development that would occupy prime real estate on Lakeshore Road, directly across from Gyro Beach.

Late last month, nearly ten years after the 2008 recession put the project on pause, the company submitted a new proposal to the City of Kelowna.

It shows a development comprised of two, six-storey towers that would house 130 condos, along with eight retail spaces and seven townhouses.

For more on the development, including why Cressey claims it will be a "new standard" for Kelowna, and how a waterfall fits into the picture, check out the full story on Castanet's sister business news website, Okanagan Edge.