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  #981  
Old Posted Dec 4, 2014, 11:31 PM
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A city planner was on CBC saying the application wasn't formally withdrawn, but that the city is retaining the application materials while continuing to negotiate with the developer. Seems to be a negotiating tactic by the developer to get some concessions out of the new mayor/counsel.

On another note, the receiver for Sopa Square is back in court this week trying to get its proposed sale process approved, using the Aquilini bid as a benchmark.
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  #982  
Old Posted Dec 5, 2014, 10:41 PM
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Quote:
Aquillini's purchase SOPA



An offer by the Aquillini Group to purchase the stalled SOPA Square project has been accepted.

The $29.5M bid was accepted by the courts earlier this week.

As part of the process, other prospective developers now have six weeks in which to put in their own bid for the SOPA development.

Any new bid would have to be higher than the Aquillini bid.

The SOPA Square project, approved by Kelowna City Council in 2008, has been beset with financial problems nearly from the outset.

The project stalled after the original developer ran out of money.

A second developer from Alberta took over the project but they too were unable to fund the project to its completion.

It went into receivership late last year.

Only two floors of the 11-storey project have been completed.

The Aquillini's, owners of the Vancouver Canucks, also have a large stake in the 24, a proposed Bernard Avenue development which has yet to get off the ground.
http://www.castanet.net/news/Kelowna...-purchase-SOPA
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  #983  
Old Posted Dec 6, 2014, 3:14 AM
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I didn't realize Aquillini's were behind 24. Hopefully SOPA gets going asap. I'd like to see them finish SOPA before starting 24. Otherwise there might be two unfinished projects under this group.
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  #984  
Old Posted Dec 7, 2014, 7:10 AM
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I really hope SOPA is completed and a least 1 or 2 of the other tower projects get going in Kelowna.

Seriously, Kelowna has the worst luck it seems regarding tower construction.

The most bizarre aspect is that the last tower to be constructed was an office tower... I have no idea how Kelowna pulled that off!
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  #985  
Old Posted Dec 7, 2014, 10:32 PM
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Kelowna actually has an acceptable number of low to mid rises, the problem is they aren't clustered together, so they just randomly dot the cityscape. The tallest building in the city isn't even downtown
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  #986  
Old Posted Dec 8, 2014, 6:36 AM
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Kelowna really has had its construction around its traditional city centres and a couple newer sections of town. Kelowna, Mission, Rutland. Other newer areas follow old money in the town. There were a handful of families that settled in Kelownas early days. Orchard Park Mall, Capri Mall, the Conservatory, SOPA (original investors) are a couple of locations that come to mind.
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  #987  
Old Posted Dec 19, 2014, 8:19 AM
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Another successful road project completed in West Kelowna. I am glad to have an alternative to Hwy 97 be available. I remember before the current bridge opening up and commuting from Westbank to East Kelowna. I'd head up Westlake road and go through the hillside developments and reconnect at Westside road just to avoid 97 backups. That never got me to the bridge though. Now there are alternative routes all along the westside to the bridge. Great!

WFN seem very confident regarding a couple of upgrades on 97 at Boucherie and Hudson. Also mentioned the first of its kind in Canada, private hospital.

Article care of Castanet.net

Sneena Road overpass opens
by Wayne Moore | Story: 129096 - Dec 17, 2014 / 2:50 pm

A new roadway which connects WFN lands on each side of Highway 97 and also connects Lakeview Heights with Casa Loma and The William R Bennett Bridge officially opened Wednesday morning.

Westbank First Nation Chief Robert Louie says the $9.3M project, which began in the spring, concludes a commitment made years ago between the province and Westbank First Nation.

It's the third Highway 97 improvement project funded by the province and managed by WFN.

"What the underpass does is fulfills a commitment negotiated many years ago with the province of British Columbia," says WFN Chief, Robert Louie.

"We have to have access to lands on both sides of the highway so, while this can be used as an emergency purpose for travellers going south from Kelowna, the purpose of it is to allow access to the WFN lands on the northern portion of Highway 97."

Louie admits there are development plans on Locatee lands between the highway and Okanagan Lake which the underpass would access.

There are also possible development opportunities on the opposite side of the highway including a proposed medical centre.

"That is something that will be an accessibility to that facility when it is built," says Louie.

"That's still a few years away and that's something that is going to take more involvement from our community members."

The new roadway links off Tomat Avenue near Boucherie Road, goes behind the new shopping centre and the WFN Band offices, runs along the highway and connects with either the underpass or the Campbell Road interchange taking motorists to Casa Loma or Kelowna.

Louie says it will serve as an alternate route for emergency vehicles, and in case of accidents.

"Having this road will be a benefit and will be proven to be a benefit when accidents happen and emergency vehicles have to use it."

I believe too, it will relieve some of the congestion. Even if we have 200, 300 or 400 cars per day, that's still cars off Highway 97 and that has to be a benefit to the travelling public as well."

Along with the $9.3M the province paid for the project, WFN also kicked in about $700,000 for streetlighting, sidewalks and landscaping.

Next is an expected interchange and underpass at Boucherie Road which Louie says was also part of the negotiated deal with the province some years ago.

"I don't believe the province has made a final determination yet (in terms of timing). Yes, there are discussions happening and I am hopeful sooner than later, but time will tell. That will be up to the province," says Louie.

"I believe all of the accesses need work -- some more than others. Hudson Road is certainly a congested area and I know that it is a topic the province is well involved with. The District of West Kelowna is involved with that as well."

According to Mike Jacobs with Emil Anderson Construction, the company that worked on the project, nearly 6,500 labour hours went to WFN members, more than four times what was originally committed.
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  #988  
Old Posted Jan 28, 2015, 4:32 AM
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Quote:
Sopa Square Deal Gets Go Ahead



A $29.5-million bid to purchase the stalled Kelowna SOPA Square development has received the final go-ahead.

The oft-delayed project in Kelowna’s Pandosy district fell into receivership, and the bid by Vancouver’s Aquilini Group was accepted Dec. 5, triggering a six-week waiting period during which other prospective developers had the opportunity to outbid the owners of the Vancouver Canucks.

Marshall McAnerney, with commercial real estate firm Colliers International, said Tuesday afternoon receiver Ernst & Young has issued a certificate to the Aquilini Group and the courts, terminating the sales process.

The receiver is working with Aquilini to close the transaction in accordance with the so-called “stalking horse” agreement, with a target closing date of mid-February, said McAnerney.

The SOPA Square project, approved by Kelowna City Council in 2008, has been beset with financial problems nearly from the outset.

The project stalled after the original developer ran out of money.

A second developer from Alberta took over the project, but it too was unable to fund the project to completion.

It went into receivership late last year.

Only two floors of the 11-storey project have been completed.

The Aquilinis also have a large stake in the 24, a proposed Bernard Avenue development that has yet to get off the ground.

The stalled project so far consists of two commercial buildings of approximately 40,000 square feet of ground floor retail space and 23,490 square feet of first floor office space. It is zoned and planned for for an 11-storey residential tower and six-storey townhome complex and includes a below-ground parkade and partially constructed surface parking lot
http://www.castanet.net/news/Kelowna...-gets-go-ahead
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  #989  
Old Posted Jan 28, 2015, 5:46 AM
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Fantastic news!
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  #990  
Old Posted Jan 28, 2015, 9:50 AM
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Anyone heard of whats going on with the Monaco project?
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  #991  
Old Posted Jan 30, 2015, 2:41 AM
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Originally Posted by Bcasey25raptor View Post
Anyone heard of whats going on with the Monaco project?
According to a post they replied to today on their Facebook page:

Quote:
Thanks for your continued interest in The Monaco. We are in-fact hard at work on pre-construction work at HQ. With all of the wonderful things happening in the community we are excited to be a part of it.
https://www.facebook.com/TheMonacoKe...70628776349983

Also, an update on Sopa Square and 24 from Aquilini:

Quote:
“Everything now depends on what’s best for the market,” said Aquilini’s Hoffman.
“Construction [of Sopa Square] will depend on pre-sales and there might be some tweaking of the plan depending on what buyers want and what makes sense.”
Aquilini also owns on site on Bernard Avenue in downtown Kelowna where it plans to build a 26-storey condominium tower with commercial space at the base.
“That proposal is in a holding pattern right now,” said Hoffman.
“The development permit there has expired and there are no plans to get one in the near future.”
http://www.kelownadailycourier.ca/bu...92ac6f908.html
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  #992  
Old Posted Jan 30, 2015, 4:29 AM
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Woohoo! Construction on Lucaya starts in April!

http://globalnews.ca/news/1799668/wa...getting-a-fix/
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  #993  
Old Posted Jan 30, 2015, 7:47 AM
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Originally Posted by Ogopogo Fan View Post
Woohoo! Construction on Lucaya starts in April!

http://globalnews.ca/news/1799668/wa...getting-a-fix/
Great news! Quick screen grab from the video:

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  #994  
Old Posted Jan 30, 2015, 8:12 AM
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Sorry, but I will believe it when it actually rises!
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  #995  
Old Posted Jan 30, 2015, 8:15 AM
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Hope this is true, I will be more happy to see this tower and Sopa Square completed than seeing any of the new proposals get off the ground. There is just something so depressing about major uncompleted towers.
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  #996  
Old Posted Jan 31, 2015, 4:32 PM
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Quote:
Originally Posted by Emtee View Post
According to a post they replied to today on their Facebook page:



https://www.facebook.com/TheMonacoKe...70628776349983
Funny story, it was I who asked them in their Facebook page.
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  #997  
Old Posted Feb 1, 2015, 8:17 AM
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i SO hope this gets build - it will be an amazing array of construction in that area later this year!!
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  #998  
Old Posted Feb 3, 2015, 3:41 AM
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Construction of a 24-storey, $65-million hotel in downtown Kelowna should begin later this year.
Site work is expected to begin sometime between October and December, Gail Temple, a vice-president of Edmonton-based Westcorp Inc. said Monday.
“That is the game plan at this point,” she said.
Once work begins, construction is expected to take about 22 months, city council was told earlier by senior staffer Doug Gilchrist at the regular Monday meeting. Council gave all necessary approvals for the project, at the base of Queensway overlooking Okanagan Lake, last summer.
Gilchrist referred to the hotel during a review of what he said were “very positive” future developments for downtown Kelowna.
Other major projects about to change the landscape of the central core, he said, include the new RCMP building on Clement Avenue, the Innovation Centre on Doyle Avenue next to the library, a new Interior Health building, where 800 people will work, expansion of Stuart Park, and construction of two new parkades.
The flurry of construction projects may bring some “growing pains” in terms of traffic interruptions and other temporary inconveniences to the public, Gilchrist said.
Purvez Irani, a senior city engineer, has been assigned the responsibility of co-ordinating the projects and trying to minimize their construction impact, council heard.
From: http://www.kelownadailycourier.ca/ne...9a2db1567.html
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  #999  
Old Posted Feb 12, 2015, 6:01 AM
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Quote:
19-storey highrise hotel proposed for Big White



Vancouver-based Berezan Developments is taking another stab at building a stunning highrise condominium-hotel at Big White Ski Resort.

A few years ago, the company wanted to build a highrise complex that included a casino, condos, hotel rooms, shops, restaurants and bars at the ski resort just northeast of Kelowna.

But that proposal fizzled as the recession set in.

“We’re putting feelers out there to see what the market might be interested in,” said developer Babu Kadiyala of Berezan.

“There is no casino in this proposal at this moment.”

On Wednesday, a billboard went up in Big White’s lower parking lot introducing Chateau Blanc.

It features two striking renderings of a stacked and curved 19-storey highrise ski-in, ski-out condo-hotel that would contain 450 units.

In the base of the building, there would be room for stores, restaurants, bars, a spa and pool, nightclub, liquor store and children’s play area.

“People can register with us and let us know if Chateau Blanc is something they are interested in,” said Kadiyala.

“Because this is just gauging what the market is interested in, there is no construction date and no prices.”

The billboard urges those interested to register at BerezanDevelopments.com.

The registration asks if you’d be interested in buying a hotel room or condominium and whether you’d consider putting it in a rental pool when you aren’t using the unit, so the property can operate as a hotel.

Big White has many hotels and condo complexes in its village, but nothing as big and high as the Chateau Blanc proposal.

Berezan is currently building a casino in Salmon Arm. It has also built smaller industrial and commercial buildings in the Lower Mainland.

Besides the bold Chateau Blanc proposal for Big White, the company also has proposals for highrise mixed-use complexes in Surrey and Langley.
http://www.kelownadailycourier.ca/bu...04e4ce244.html
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  #1000  
Old Posted Feb 23, 2015, 12:31 AM
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Wtf. Does anything actually get built in this city??
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