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Lower Mainland company takes over stalled high-rise project in Kelowna

A woman walks by the shell of the former Lucaya development on Sunset Drive in Kelowna.
July 19, 2016 - 11:30 AM

KELOWNA - A B.C. company, Kerkhoff Construction, has announced it will take over the troubled Lucaya high-rise project on Sunset Drive.

According to a media release sent out by the company, it assumed control of the project a month ago and has renamed it 1151 Sunset Drive, the street address of the building.

No date has been set for resumption of construction, but if completed as originally planned, the 21-storey high-rise will bring 117 strata apartments and seven townhouses to the market.

The Lucaya site has been an urban blight on Sunset Drive since construction abruptly halted in 2008. Since then, the half-completed foundation of the building has been home only to the homeless.

Last spring, Jingon Development Corporation announced it had purchased the site, with the aim of redesigning the building and renaming it Grace.

Kerkhoff does not say if Jingon is still involved in the project nor does it say if it owns the site.

The company does say it has engaged Fifth Avenue Real Estate Marketing Ltd. to handle sales and marketing. Epic Real Estate Solutions has been contracted to act as preferred cooperating agent.

Additional design of the project will be handled by Meiklejohn Architects.


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News from © InfoTel News Ltd, 2016
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