April 27, 2024
April is construction month and to celebrate, here’s a look at several major construction projects currently underway in Kelowna.
“The construction environment in Kelowna has seen significant pick up in just the last month,” says Brent Sawchyn, CEO of PC Urban Properties, a Vancouver developer with many projects completed and underway in the city. “The fundamentals of Kelowna’s real estate market remain strong and we are committed to providing quality homes and workspaces for people who live there.”
1605 Gordon Drive, Kelowna, BC
Gordon Drive is a 192- unit purpose built rental project by PC Urban Properties and Nicola Wealth; it is nine months into construction and aims to complete in August 2025. The project will be the only rental building in Kelowna with a secured, in perpetuity daycare providing convenience to families both living in the new building and those in the nearby downtown core.
“We’re still witnessing first-hand the effects of construction cost escalations, labour shortages, supply chain issues, and an aging workforce population,” said Mike Woodroff, VP of Construction, Kerkhoff. “It’s a very fragile, but interesting time in the construction industry, but we feel the tide is slowly turning. The positive news we see rolling in is that in 2023, the City of Kelowna alone witnessed a remarkable $1.75 billion in building permit value, indicating a notable surge in the market. Additionally, projections suggest that the Thompson-Okanagan population will increase by a quarter million over the next two decades, positioning the Interior as one of the fastest-growing regions in B.C.”
9640 McCarthy Road, Kelowna, BC
IntraUrban McCarthy, a strata industrial development, is well underway, with completion set for June 2024. The four-acre site will soon become a 105,000 square foot industrial strata development for local small- and medium-sized businesses seeking their own custom-built, commercial and light industrial space.
“At Norson Construction, we are very proud to have been part of the PC Urban team for many years, and we are grateful they have entrusted Norson to be a part of the McCarthy project,” said Dave Saruk, Principal, Norson Construction. “With over 70 individuals on site working towards a common goal, we are on track for the scheduled completion. Entering the final stages, it becomes increasingly evident that the PC Urban vision and format is a cut above the others in this sector.”
