Under construction: Largest residential development in Kelowna

Groundbreaking ceremony for Water Street by the Park in Kelowna, BC
(Photo courtesy of Orchard Park Properties)

With a groundbreaking ceremony, construction of Kelowna’s largest and tallest development is officially underway. At 24, 28 and 42 stories, the three-tower Water Street by the Park development will redefine the skyline with the tallest tower in the interior of British Columbia (442ft/132.7m) and breathtaking views of Okanagan Lake, as well as mountain and valley views.

The multi-phased development next to Kelowna City Park in the heart of downtown Kelowna will be a 559,000 square foot project. mixed-use development comprising 650 residential condominiums and 45,000 square feet of retail and office space. The project is led by Anthony Beyrouti and Apriano Meola, co-founders of Orchard Park Properties, with Amega Group as general contractor and with concepts and designs by Ciccozzi Architecture.

At street level, each tower’s podium will provide street-facing commercial space, which the developers say will house numerous boutiques, cafes and other retailers and service providers.

“I want to congratulate Orchard Park Properties for their vision and perseverance and wish them every success as construction begins,” said Kelowna Deputy Mayor Gail Given. “Water Street by the Park is an impressive example of their commitment to this city and this community and I am confident that when completed, this development and the families who will call it home will make a significant contribution to Kelowna’s stature as a one of Canada’s most livable cities.

“For us, building Kelowna’s largest residential development represents an opportunity to make a lasting and meaningful contribution to this city and this neighborhood,” said Beyrouti. “Kelowna is such an amazing city. We feel privileged to be here and build homes that will provide residents with a lifetime of opportunities to enjoy and appreciate Kelowna’s natural beauty, healthy lifestyle and growing offerings of entertainment, dining, shopping and leisure.

“Just a few years ago we fell in love with this site and its incredible potential,” Meola said. “It has been exciting to share our vision with the home buyers who have made Water Street by the Park the fastest selling development in Kelowna’s history and one of the hottest real estate offerings in Canada.”

The first units should be ready for occupancy at the end of 2025.