Six-storey plans for Ellis St.

Penticton city council will get its first look Tuesday at a six-storey apartment building proposed downtown on Ellis Street.

A developer is seeking to consolidate five lots at 120 Ellis Street to construct a 48-unit building at a cost of $15 million.

The building will also have ground-floor commercial units, a lobby and two live work units. All parking will be accommodated on site.

A staff report going before council with the proposal refers to the building as “high architectural quality" with "strong visual interest at the ground level.”

The property is located within the downtown economic investment zone, which would give the owners a 10-year waiver on municipal taxes on construction value. Taxes would still be paid on the value of the land, and RDOS, school and hospital taxes.

The report notes the building would be significantly taller than anything else on Ellis Street, and could “cause some negative impact on those single and two family houses on Van Horne Street that have looked at a vacant lot until now.”

The city’s official community plan, however, has the area earmarked for high-density residential of up to eight storeys.

Council will debate the proposal during their Tuesday evening meeting.

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