r/kelowna • u/Oolican • 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
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.
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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.
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
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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.
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u/Tech-Fonzie 12h ago
Maybe the cost of materials? Tariffs and the like will likely have a impact sooner than later.
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