News Updates
Downtown Kelowna, B.C. highrise projects ready to move forward
January 13, 2022
“The revitalization of Kelowna’s downtown core is behind the constant drum of construction as more and more highrise developments start to take shape.
The massive three-tower project proposed for Leon Avenue, Water Street by the Park, has submitted building permit applications for its first two towers.” — Global News
Build It And They Will Come
January 13, 2022
“Site clearing and preparation has begun for Water Street by the Park.
In just five months, Tower One sold out and more than 200 units are sold in Tower Two.
Among the notable recent sales in The Eli is the purchase of a 1,383-square foot three-bedroom plus den unit for $1.65 million by a West Kelowna resident.” — AM1150 iHeartRadio
Construction expected to begin this year on Water by the Park towers in Kelowna
January 13, 2022
“Orchard Park Properties has submitted its building permit application for Water Street by the Park’s first two towers to the City of Kelowna. Site clearing and preparation have begun for the lakeside development. Construction of Tower One and Two (The Eli) is expected to begin early this year.” — Lake Country Calendar
Leon Rebuild Set to Begin
January 13, 2022
“The company behind the redevelopment of lower Leon Avenue says it's ready to begin construction of Water Street by the Park.
Orchard Park Properties says it has applied for a building permit for the first two towers following successful pre sales over the past several months.” — Castanet
Developer of downtown Kelowna highrise project says 1st tower sold out in 48 hours
July 29, 2021
“There appears to be high interest in a downtown Kelowna highrise that hasn’t even broken ground yet. Slated to be constructed along the 200 block of Leon Avenue, which is the city’s seediest area, sales for Water Street by the Park began last Friday.
And on Thursday, the developer announced that all 144 units that were up for grabs had been spoken for in just 48 hours.” — Global News
144 condos in future downtown Kelowna tower sell out within 48 hours
July 29, 2021
“The first tower of the Water Street by the Park complex sold all of its launched units within 48 hours this past weekend, after commencing sales on Friday.” — The Daily Hive
Rental Rates Still Soaring in Kelowna
June 15, 2021
“…high demand for rental properties has developers from across Canada looking to Kelowna as a prime area for real estate projects, including Orchard Park Properties which will soon be launching Water Street by the Park…” — Kelowna Now
UBCO women’s basketball gets assist from local development
June 15, 2021
“Orchard Park Properties, developers of Water Street by the Park, and the University of British Columbia have teamed up to create a new endowment that will support generations of women’s basketball athletes at the Okanagan campus.” — Castanet
Water Street by the Park offers known commodities at set prices
June 3, 2021
“After a meteoric 12 month rise on the red-hot housing market, there isn’t much relief coming for Canadians struggling with the high cost of housing and low inventory levels across the country.” — Castanet
Interest in downtown living
May 28, 2021
“A huge condo project planned for downtown Kelowna is seeing more interest from locals than first expected, according to its developer.” — Castanet
Buyers seeking solid ground in a competitive market
May 15, 2021
“Projects like Water Street by the Park, a new 3 tower residential development in downtown Kelowna, are setting some solid ground for buyers with competitive fixed price structures.” — KelownaNow
Kelowna celebrates 116 years by honouring frontline workers
May 5, 2021
“Orchard Park Properties, developers of Water Street by the Park, is celebrating Kelowna’s 116th birthday on May 5, by recognizing those who have been at the forefront of the pandemic while working at Kelowna General Hospital.” — Kelowna Capital News
Water Street by the Park chooses architect that designed Manteo
May 5, 2021
“Ciccozzi Architecture has won numerous awards over the years from organizations like the Union of BC Municipalities, Urban Development Institute, Victoria Real Estate Board and Canadian Home Builders’ Association.” — Castanet
Ciccozzi Architects chosen for Kelowna towers
May 4, 2021
“Developer Orchard Park Properties co-founder Anthony Beyrouti envisioned Water Street by the Park and engaged HDR Architecture Associates and architect Robert Cesnik to lead the project’s concept and design phase.” — Design Quarterly (REMI)
Ciccozzi Architecture chosen for next stage of Kelowna development
May 3, 2021
“Ciccozzi Architects have been announced as the architect for Water Street by the Park, a massive multi-tower development planned for Kelowna.” — Journal of Commerce
Design for 42-storey high rise project in downtown Kelowna taking shape
May 1, 2021
“Water Street by the Park, to be located along Water Street and Leon Avenue, will be designed by Ciccozzi Architecture, based out of Vancouver, according to a Water Street by the Park press release.” — Infotel
Kelowna whips amenity war
April 28, 2021
“One of Kelowna’s newest developments, Water Street by the Park from Orchard Park Properties, is winning the amenities war by offering a world class package of lifestyle features to its residents.” — Castanet
Kelowna luring buyers away from expensive markets
April 19, 2021
“Developers in Kelowna, B.C. are looking to lure Toronto residents away from the east’s increasingly unaffordable real estate market.”
— Journal of Commerce
Canada eyes Kelowna living
April 1, 2021
“A new development, Water Street by the Park, is creating a landmark new residential development in downtown Kelowna in response to trending interest in the Okanagan lifestyle…” — Castanet
3-tower BC project just the start for Orchard Park
March 22, 2021
“North Vancouver-based Orchard Park Properties was established to facilitate the development of the Water Street by the Park three-tower project in Kelowna, but the company also has ambitions to seek out other residential opportunities in British Columbia.” — RENX
‘It has all the boxes checked’: Tower developer believes Kelowna boom will grow
March 8, 2021
“‘It has all the boxes checked’: Tower developer believes Kelowna boom will grow.” — Journal of Commerce
Kelowna approves three-tower project for downtown
March 1, 2021
“A development that was recently approved by Kelowna’s city council is set to transform the city’s skyline and crown a new tallest building for B.C.’s interior.” — Journal of Commerce
Kelowna approves tallest tower on Water Street
March 1, 2021
“Kelowna city council has approved Water Street by the Park, a three-tower development that includes 650 homes and 45,000 sq. ft. of retail and restaurant space.” — Design Quarterly (REMI)
Water Street by the Park in Kelowna includes 42-storey tower
March 1, 2021
“Water Street by the Park is an upcoming, three-tower development in Kelowna, which will be home to the city’s tallest tower once complete.” — Urban YVR
Kelowna city council ‘cautiously optimistic’ in giving green light to massive downtown project
January 13, 2021
“City council gave the green light to Orchard Park Properties to develop three towers along the 200 block of Leon Avenue, including one that will be a soaring 42 storeys.” — Global News
Downtown Kelowna redevelopment with towers up to 42 storeys receives approval
January 13, 2021
“A major redevelopment proposal with three towers near the waterfront City Park in downtown Kelowna has been green lighted.” — Daily Hive
Kelowna’s next tallest building receives hesitant approval from council
January 13, 2021
“Council gave the green light to the massive three-tower development — which is set to be a near-complete revitalization of the street.” — Kelowna Capital News
Press Releases
April 15, 2021
Kelowna continues to be one of the hottest real estate markets in Canada in 2021 thanks in large part to local developers targeting Toronto residents, whose city has once again been ranked one of the most unaffordable in the world.
March 4, 2021
Orchard Park Properties is pleased to announce that it has added ACE Project Real Estate Solutions Inc. (ACE), a firm with extensive expertise marketing Kelowna real estate, to its Water Street by the Park development team.
March 3, 2021
Orchard Park Properties, the developer of Kelowna’s new Water Street by the Park development, is announcing that Apriano Meola has joined the project as the Head of Development and Construction effective immediately. In his role, Meola will lead the development and construction of the three-tower development on the 1600-block of Water Street, which was approved by Kelowna City Council on January 12.
February 25, 2021
Kelowna’s stature as one of Canada’s most livable cities, and hottest real estate markets, is continuing to grow with city council’s approval of Water Street by the Park, a three-tower development that includes 650 homes, 45,000 sq. ft. of retail and restaurant space and what will be that tallest tower in B.C.’s interior, standing at 442 ft./132.7 m, once it is completed.
January 12, 2021
Orchard Park Properties has received approval for Water Street by the Park. A development expected to bring a new lease on life and revive this downtown neighbourhood. Water Street by the Park is in an unparalleled location at the corner of Water Street and along Leon Avenue, just one block from Kelowna City Park and the stunning Okanagan Lake. The multi-phase development will be home to the tallest building in the BC Interior.