“The Kelowna market is very, very, very active,” Laursen told RENX in an interview.
“Typically, institutional buyers don’t buy in locations where there’s a population of under 100,000 people.
“A lot of the institutions are active to buy this product, but it doesn’t exist,” said Gibson.
“From a developer’s standpoint, it de-risks the development for them.
Knox Village will offer a gym, underground parking and an abundance of nearby green space.
“This site is located seven minutes from downtown Kelowna and it’s on the side of Knox Mountain as well.
Laursen said Kerkhoff is a family company in business since the early 1970s, which built one of Kelowna’s first downtown high-rises.