Pictured is an artist's rendering of an eight storey mixed use development proposal on Penticton's Backstreet Boulevard going before council today, May 2, 2017.
Image Credit: SUBMITTED/City of Penticton
May 02, 2017 - 1:30 PM
PENTICTON - A project coming before Penticton city council today could result in the first mid-rise construction in the city’s downtown core.
A development permit for an eight storey building on Backstreet Boulevard goes before council today, May 2. The site is currently a parking lot.
The project would see a strata, multi-family project built, consisting of three storeys of commercial space and five storeys of residential space for a total of 32 units, according to a staff report.
The first three levels will be built of concrete and steel with the residential portion constructed of pre-fab units made locally and craned into place.
The project is expected to support housing affordability in Penticton and help the city meet its strategic priority goal of creating a livable and affordable community. It’s also expected the project will help revitalize the downtown core.
The report says the development will make a significant contribution to the city’s future tax base through additional residential and commercial taxes.
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News from © iNFOnews, 2017