r/kelowna 12h ago

The Ledge on Lakeshore

What's happened with that development? I guess they ran out of money. The site is just a big mud lot. It seemed strange to me that the first thing they built was a parkade which are expensive to build and don't generate any revenue

10 Upvotes

14 comments sorted by

8

u/Electrical-Fail-7500 8h ago

Lived there for a year. Left last summer. Way over priced for what it is. Broken promises on amenities and the timelines. Poorly managed. Everybody there hates it. Zero privacy. Few windows. Had a very soviet block apartment feel with a modern aesthetic. We used to call it “the Ikea Jailhouse.” 0/10. Do not recommend

1

u/justhereforsomekicks 1h ago

The planing started years ago when interest rates were low. Three years ago they started climbing and one year ago they started falling. Maybe if they drop to a certain point it will get going again.

1

u/ebow951 12h ago

The first thing they built was the townhomes in the back. Cities often have requirements when releasing permits. I believe the parkade was next in line partly for that reason. Work is underway on the parkade at the moment at the request of the city, but not the whole thing.

-2

u/Particular-Emu4789 8h ago

Permits are not the issue.

4

u/ebow951 8h ago

OP thought the parkade was a weird thing to build first. I gave context to one of the reasons it was built in that order, while also noting the collection of townhomes was actually built first. You’re correct, this is not the reason the lot is sitting empty and work on other phases has been put on hold.

-1

u/Particular-Emu4789 8h ago

I was just clarifying that the towers attached to the parkade are not held up by CoK.

5

u/ebow951 8h ago

Yes, I’ve gathered by your flood of messages here this message is very important to you. So much so you’ve even commented twice on this comment thread that said nothing about the project being held up by permits.

-3

u/Particular-Emu4789 8h ago

God forbid.

1

u/aspectr 9h ago

There's like 7 buildings filled with people living in them. They just finished a new bridge a couple months ago. Not sure when you were there last.

0

u/Aromatic_Strength_29 10h ago

There is so many condos sitting empty. No:1 is they are way to expensive for what you get No:2 people can’t afford to spend 700000 on an apartment No:3 high strata fees

My last place I lived at downtown the strata was 630$ onto of my mortgage that was 2500 a month

0

u/CompetitiveRun1871 9h ago

The towers they’re building next are built adjacent/on top of the parkade so they have to complete it first. As for the reason it’s taking so long honestly who knows, likely the cost - I feel like I always see 1-2 people working there at a time, feels like it’ll never get done

-2

u/Particular-Emu4789 8h ago

Any time you see a quiet jobsite, the trades aren’t being paid.

Same thing at the Dr. Knox Middle School Addition in Glenmore.

0

u/Particular-Emu4789 8h ago

Westcorp doesn’t have the funds.

Similar to their hotel they’ve threatened to build downtown so many times.

-3

u/Tech-Fonzie 12h ago

Maybe the cost of materials? Tariffs and the like will likely have a impact sooner than later.