Big mixed-use development expected for property beside Kelowna's Gyro Beach | iNFOnews | Thompson-Okanagan's News Source

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Kelowna News

Big mixed-use development expected for property beside Kelowna's Gyro Beach

FILE PHOTO - Gyro beach, Kelowna.

KELOWNA - A high-profile piece of property in the Pandosy town centre could soon see a mixed-use development by Al Stober Construction.

Community planning manager Ryan Smith confirmed staff have had “pre-application” meetings with Stober’s development team but have not received an official development proposal.

“It’s definitely a prominent piece of property, one of the gateways to the Pandosy town centre,” Smith said.

Western Investor reported in July the sale of the 1.15 acre property which is just steps away from Gyro Beach for $4.9 million. The property at 3326 Lakeshore Rd. was purchased by the City of Kelowna for $2.95 million in 2006.

Smith said the property will require rezoning to C4 for a mixed-use commercial and residential development which is what his department would like to see on the site.

“He’s definitely a qualified developer and well known to us,” Smith added.

Unless Stober comes back with a particularly ambitious proposal, Smith said the city is unlikely to ask for a comprehensive development agreement.

Al Stober is a well-known local developer responsible for the Landmark office complex and more recently, part of the Central Green development on the former Kelowna Senior Secondary site.

The sale of the land by the city is part of a long-term plan to close the dangerous Watt Road intersection with Lakeshore Road, providing safer access further north. Plans are also to extend Lanfranco Road through to Watt Road.

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