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New rental building opens at Parkview Valley, bringing 156 homes to Kelowna

'A great place for people to call home'

The first phase of the Parkview Valley development in Kelowna was officially opened on July 9. 

The project, by Centurion Property Associates and Ironclad Developments, is the first of five planned buildings on Benvoulin Court, eventually bringing more than 400 much-needed homes to the city.

The ribbon-cutting included representatives from the two development companies, the City of Kelowna, and the provincial and federal governments.

Stephen Marshall, executive vice president of Property Operations at Centurion, said the company is proud to continue expanding in Kelowna.

香蕉视频直播淲e're excited to celebrate the opening of Parkview Valley. This is our fourth location in this market, and we're excited to be here and continue to be,香蕉视频直播 he said.

Marshall thanked Centurion staff for their role in delivering what he called 香蕉视频直播渁 great place for people to call home,香蕉视频直播 noting that the company has brought 156 new rental suites online with this phase, ranging from studio to three-bedroom units.

香蕉视频直播淚n totality, we'll have 401 in this community alone, so this certainly goes part of the way in addressing the housing needs in this market,香蕉视频直播 he said. 香蕉视频直播淜elowna's had a critically low vacancy rate since we started this development, and I believe that's still the case.香蕉视频直播

He added that the location was chosen for its accessibility to transit, jobs, shopping, and recreation.

Ironclad Developments香蕉视频直播 Chief Financial Officer, Ahileas Tsekouras, said the project is the company香蕉视频直播檚 largest to date.

香蕉视频直播淧arkview Valley is more than just a development. It's a symbol of what's possible when people can come together with the same vision and the same care and commitment to excellence.香蕉视频直播

Tsekouras highlighted energy-efficient design choices including solar power, EV charging infrastructure, and high-efficiency appliances.

香蕉视频直播淓very decision that we made was with the focus on the environment and the residents,香蕉视频直播 he said. 香蕉视频直播淭he amenities are second to none. The amenities within the suites are second to none.香蕉视频直播

Residents will also have access to an amenities building that includes a fitness centre, theatre, sports simulator, pet spa, kids playroom, games room, rooftop patio with BBQs, and a lounge with a kitchen.

Kelowna City Councillor Luke Stack said the city offered a 10-year tax break on the building, part of an incentive program to boost vital rental development.

香蕉视频直播淭his would be an empty field if we didn香蕉视频直播檛 have enough incentives to attract people into this area,香蕉视频直播 Stack said. 

He recalled the area香蕉视频直播檚 agricultural past, when it was the Pettit Farm. 

香蕉视频直播淭hey had always, one day, hoped that it would be a community where people lived,香蕉视频直播 he said.

The 10-year tax break applies to the new construction and not the land the buildings sit.

Once the Parkview Valley project and neighbouring developments are complete, the Benvoulin Court cul-de-sac is expected to have 1,100 homes.

香蕉视频直播淭he location that they've selected is second to none,香蕉视频直播 Stack added, pointing out the nearby Orchard Park Mall, groceries, shopping, and transit. 

香蕉视频直播淧eople can very easily live in this building, work in this community, and also recreate in this area.香蕉视频直播

Kelowna MP Stephen Fuhr also attended the event, though he noted the federal government wasn't directly involved in the project.

香蕉视频直播淏ut obviously we care about housing and we know it香蕉视频直播檚 a problem in Kelowna,香蕉视频直播 he said. 香蕉视频直播淭his is an awesome project. Location, parking, unit sizes that are hard to find香蕉视频直播攍ike three-bedrooms香蕉视频直播攅nergy and efficiency,香蕉视频直播 he said.



About the Author: Gary Barnes

Journalist and broadcaster for three decades.
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