233567
227917

Kelowna  

Towers lure BC buyers

A major Kelowna development hit another milestone Friday when it officially started selling its second tower.

Units in One Water Street’s West Tower went on sale and, with the East Tower essentially sold out, early bird buyers were keen to snap them up.

Shahin Oskouie was one of the first to purchase a unit Friday. The mechanical engineer moved to the Okanagan from Manitoba two years ago and has been searching for a permanent home.

Shortly after he signed his contract, Oskouie bubbled with excitement.

“(This is) going to be my first time that I’m going to own, and I’m going to live there probably for the rest of my life,” he said.

Oskouie said he was swayed to One Water by a combination of price, location, views, and amenities.

Once complete, One Water Street will see a pair of residential highrises 29 and 36 storeys high built atop a three-storey podium.

Russ Watson, of the North American Development Group, is one of the project’s developers.

Friday’s event was what he called a “friends and family day,” open mainly to people who missed out on a unit in the East Tower. More than 75 units had already been sold by noon.

Watson said about 40 per cent of buyers are from the Lower Mainland, with the remainder coming from the rest of B.C.

The eager uptake of units means construction can hum along on schedule, he said.

The first tower will likely be finished by late 2020, with the second finishing nine months later.



More Kelowna News



233128