Prospera Towers

Prospera Towers facade picture

GSL Group

Canceled

26

457

Share:

Prospera Towers was a proposed high-rise condo development by GSL Group. This project consists of 3 towers, with heights ranging from 13 to 26 storeys, located at 1241 Water St, Kelowna, BC. Prospera Towers would have a total of 457 units.

This project was cancelled by the developer.

Subscribe to join and receive updates on Prospera Towers progress.

Feedback

Public discussion

Share your insights, thoughts, or ask questions about this project. Your comment not only drives discussion but also showcases your care for Kelowna's community. Professionals, seize the opportunity to freely promote your business by engaging in conversations, while residents can influence the future of local neighbourhoods. Let's make a difference together!

Jim Kelowna

Feb 27, 2024

Application officially withdrawn now, due to no support from the city staff, KelownaNow reports. The city expects a new proposal will be submitted for a different project for the site, but no estimated date has been provided by GSL.

So as of right now, the project is cancelled, unfortunately. Waiting for the new submission.

https://www.kelownanow.com/watercooler/news/new...

Jim Kelowna

Feb 22, 2024

I don't think they "own" the land, as they rent it until 2029 with the arena, so I am confused too on what is next. As staff already pushing for another operator for the arena after 2029.
Was posted today on Castanet, that the city is against the proposal due to public parking concerns, I am watching closely :)

Pejamu said:

I didn’t realize GSL owned all the land! It definitely will be interesting. With the arena being outdated I wonder if a different developer will try to propose a new modern arena as plans for the old mill site come to fruition.

Pejamu

Feb 19, 2024

I didn’t realize GSL owned all the land! It definitely will be interesting. With the arena being outdated I wonder if a different developer will try to propose a new modern arena as plans for the old mill site come to fruition.

Jim Kelowna

Jan 26, 2024

I am wondering how it's all going to unfold. The city is looking for a new operator for Prospera Place, as the leasing contract expires in 2029. GSL Group is not ready to give up. The future of the Prospera Place and the towers is unclear.

News

Proposed Prospera Place High-Rises Withdrawn Amid Concerns

GSL Group withdrew their application for three high-rises at Prospera Place's parking lot amid city staff concerns over non-compliance with zoning and lack of public parking provisions, planning a revised proposal.

Feb 26, 2024

Developments next to Prospera Towers

One Water Street condo Development

1187 Sunset Dr, Kelowna, BC

Completed 2022

by Kerkhoff: Develop-Build

188m

The Dolphins condo Development

1160 Sunset Drive, Kelowna, BC

Completed 1993

196m

The Lagoons condo Development

1152 Sunset Drive, Kelowna BC

Completed 2000

238m

Train Station Pub mixed-use Development

520 Clement Avenue, Kelowna, BC

Proposed

285m