Luxury condo proposal gets development permit from Penticton city council
Penticton city council has approved a development permit for a three luxury condo units on this small vacant lot next to Lakeshore Towers on Lakeshore Drive.
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June 18, 2015 - 2:35 PM
PENTICTON - A small, vacant corner lot on Lakeshore Drive, which has not seen any activity since the 1980s, could be the site of a a high-end condominium complex following Penticton city council approval of a development permit.
The project envisioned for 88 Lakeshore Drive East, known as The Wedge, consists of a four storey luxury residential condominium development with parking garages, a lobby and common room on the main floor and one condominium unit on each of the three upper floors.
Shoenne Homes president Bruce Schoenne provided a brief outline of the proposal in a letter to the city’s planning department. He said the project would cater to the luxury high-end buyer, part of “a market we believe exists, but has not been addressed in the Penticton area.”
The lot lies just east of Lakeshore Towers, an eight storey condo development.
A fire hydrant would have to be relocated and a preliminary design which solves issues associated with a large concrete wall on the side of the building facing Lakeshore Towers were two conditions required by staff in order for the development to proceed.
One letter in opposition was from a resident of Lakeshore Towers who objected to the loss of two parking spaces on Lakeshore Drive for a driveway into the development. The resident was concerned the parking spaces were too close to the Towers’ handicapped ramps and loss of the space would limit access for handicapped and emergency service vehicles.
Shoenne Homes will now be working with city hall to acquire their building permit. It is not known when construction might commence.
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