140 Homes Sold on Opening Weekend at ONE Water Street

May 30, 2018

KELOWNA – More than two-thirds of the homes in the West Tower at ONE Water Street were purchased on its opening sales weekend.

Okanagan locals were active yet again, while 60 per cent of the 140 homes purchased were from Lower Mainland buyers. This performance affirms One Water Street’s standing as “Kelowna’s best-seller.”

West Tower sales began with family and friends on Thursday and continued through Friday and Saturday. In all, 6,100 people had registered in advance, signalling intense interest for the homes in the West Tower.

Sales to the general public began Saturday afternoon. A good selection of great homes remains for sale including two-bedroom lakeview homes (some with flex spaces and dens), as well as three-bedroom townhomes.

“With this many homes sold, we’ll be ready to advance the start of construction on the West Tower to this summer. That’s a full year ahead of schedule,” says Leonard Kerkhoff, vice president of Kerkhoff Construction. “The interest in both buildings is nothing short of amazing and has exceeded all our expectations.”

“Part of the success with the West Tower this weekend can be attributed to including more of the popular floor plans that sold most quickly in the East Tower,” added Henry Bereznicki, managing partner of North American Development Group.

“We were right in anticipating there would be strong demand for the kinds of homes many buyers were unable to buy in the East Tower. Add the fact that many West Tower homes will also have larger balconies, and the value is undeniable when combined with the location on Okanagan Lake and the many amenities our residents will enjoy.”

Construction on the East Tower is underway with piling for its foundation being completed earlier this month. East Tower completion is expected in 2021 and the West Tower is to be completed in early 2022.

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