KelRe

The Good, Bad, and the Ugly in Condo World

Promises, promises... where will the Westcorp Hotel/Piggy bank end up?

We certainly had an interesting juxtaposition of developer news this week – on one hand, the team behind the new Glenmore Central condo proposal in North Kelowna markets their complex as a practical and affordable option exclusively to Kelowna residents, and on the other, Edmonton-based Westcorp announces that their 33 storey mixed use residences/hotel by the lake would be

 
KelRe

Mission Group's Bargain Shop Condo Marketing Goes Meta and it's Stupid

Condo marketing is a necessary part of the speculation game, but is this one too on the nose?

Mission Group unveiled their vision for the block of Bernard that was once home to The Bargain Shop. The one acre of land has sat dormant since the store closed in late 2010, and the large block building that is still standing there today has been long overdue for a repurpose.

This week, advertising went up around the deserted building, as did the website for the development, and Mission Group is calling their

 
KelRe

Prospera Place Parking Lot Proposal

City's 30-year arrangement with GSL Group under scrutiny

Vancouver based GSL Group recently submitted a proposal to city council to build two residential towers on the south corner of the Prospera Place parking lot. GSL is the parent company to several businesses that include RG Properties (which owns and operates Prospera Place, and has a 30-year lease with the Kelowna Rockets), Planet Fitness, Boomers Bar & Grill, WHL team Victoria Royals, and online ticketing site, selectyourtickets.com. They also run the Rock the Lake festival here and