Water Street by the Park

Water Street by the Park is a skyscraper condo development under construction by Orchard Park Properties. This project consists of 3 towers, with heights ranging from 24 to 42 storeys, located at 1626 Water Street, Kelowna BC. Water Street by the Park will have a total of 650 units. As of May 2024 it is now selling.

The application was submitted on Jan 09, 2020, with the full PDF available here . City council approved the development permit on Jan 13, 2021 .

The estimated completion date is 2026.

In the heart of downtown Kelowna, right next to the iconic City Park and the sparkling waters of Okanagan Lake, Water Street by the Park is redefining the city's skyline and setting new standards for urban living. This majestic three-tower, multi-phase development, envisioned by Orchard Park Properties, is poised to become Kelowna’s tallest residential landmark. It will also proudly claim the title of the tallest tower between the Lower Mainland and Calgary, at least until the UBCO Downtown project is completed.

Construction Milestones

The groundbreaking ceremony took place in April 2022, marking the start of what is expected to be a landmark project for Kelowna, scheduled for completion in 2026. The construction of Phase 1 has shown rapid progress; by May 2024, Eli has reached level 19, with Tower One following closely at level 16. This phase of development has introduced Eli, a 42-story building named in a touching tribute to the co-founder Anthony Beyrouti's son, showcasing the project's personal touch and ambition.

Available Units and Future Phases

First phase already over 80% sold. Despite the ambitious scale of the project, Tower One has already completely sold out, demonstrating strong market demand. A few select units remain in Tower 2 (Eli), with prices starting at $669,999 for one bedroom, reflecting the project's premium offerings. Future planned Tower Three's details, part of Phase 2, remaining under wraps for now.

Amenities and Community

Water Street by the Park in Kelowna offers a comprehensive 42,000 square feet amenities package for modern urban living. "The Deck", features panoramic views, a year-round heated pool, hot tubs, and landscaped terraces with fire pits and BBQ stations. Golf enthusiasts have access to a simulator and putting green. Wellness amenities include a lakeview gym, yoga studio, sauna, and steam room. Pet owners will appreciate the dog run and wash station. Entertainment options include a kids' playroom, art room, games room, and movie room, plus a communal kitchen and lounge for events. Professionals can benefit from co-working spaces and a business center, with secure bike storage promoting green commuting. This blend of amenities ensures a vibrant, convenient lifestyle right in downtown Kelowna.

A Testament to Growth and Potential

Despite initial opposition due to concerns over the project's scale in relation to the city, the development has garnered strong support from city council and local authorities, highlighted by a favorable 7-2 vote. This consensus underscores a shared vision for Kelowna's future as a premier livable city, with Water Street by the Park contributing significantly to this objective.

Water Street by the Park represents not just a surge in high-quality residential options but a leap towards realizing Kelowna's potential as a city that balances growth with lifestyle. As construction advances and the community eagerly anticipates the unveiling of future phases, this development is undoubtedly one to watch for those interested in Kelowna's urban evolution.

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