Casey Richardson Penticton’s first mega-complex has stepped into its first pre-sale phase, with developers saying they’ve got big plans to improve the area. The Aitkens Group will be hosting a “VIP open house” on Tuesday for an in-person first look. Located at 1704 Government Street, across from Penticton Regional Hospital, the 10-acre plot housed a warehousing facility, though it has a history of other usage.
The plans show upwards of 1,500 apartment units on site with a mix of strata and rental, plus spaces for retail and offices. Given the scale of the development, it would be built in phases over several years. Penticton council gave rezoning changes the green light in March for the site to change from general industrial and general commercial to a comprehensive development zone, after approving an Official Community Plan amendment last year.
Phase 1 of the new development, Nikola, is planned to span six stories, with 127 homes ranging from studio to 3-bedroom configurations, with prices starting under $300,000. Concerns were heard from the public regarding the substantial increase expected in traffic, parking requirements and industrial adjacency during a meeting last year before the OCP amendment. Rocky Sethi, Managing Director with Stryke Group, said they have taken the feedback and added it into plans for the development.
“We are improving government. We are going to put a bike lane down there. And we're not just doing our frontage.
We're actually going up a.