Nikola

Nikola was a proposed mid-rise condos development. This project is 6 storeys tall, located at 1704 Government Street, Penticton, BC. Nikola would have a total of 127 units.

This project was cancelled by the developer. Check out other cancelled projects in Penticton that never materialized.

Situated at 1704 Government Street, directly opposite the Penticton Regional Hospital, Nikola Building is a Phase One of Innovation District Development, occupies a prime 10-acre plot with a rich historical background, formerly housing warehousing facilities.

Nikola Building's groundbreaking residential designs have been unveiled in April 2024, promising 127 apartment units ranging from studio to 3-bedroom, alongside spaces dedicated to retail.

In March 2024, Penticton council granted rezoning changes to the site, transitioning it from general industrial and general commercial zones to a comprehensive development zone. This decision follows the approval of an Official Community Plan amendment last year, marking a significant milestone in Nikola Building's journey.

The Nikola's building structure is slated to span six stories, offering 127 homes, at a starting price of $299,900. Positioned creekside, the architectural design draws inspiration from Scandinavian aesthetics, promising a harmonious blend of modernity and nature.

Nikola Building aims to create a vibrant lifestyle hub where residents can live, work, and play without leaving the comforts of home. The Innovation District is envisioned to encompass a diverse array of amenities, including restaurants, cafes, medical services, clinics, offices, childcare facilities, and more, fostering a dynamic and interconnected community spirit.

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