Kelowna city staff have accepted an application from GSL Group, the Vancouver based company that owns Prospera Place, to build two towers in the parking lot of the arena.
The application asked for a rezoning of the land, currently zoned for mixed-use/residential to a maximum height of 12 storeys, to accommodate increased density and a height variance to accommodate the 37- and 27-storey buildings.
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The towers would include residential units on top of a retail podium.
The application describes the proposal as having “gently curved retail facades (that will) graciously provide spacious treelined terraces and plazas adding a rich active edge for neighbours and visitors alike.”
The buildings would greatly impact parking at Prospera Place.
“The two towers proposed at 1241 Water Street is on a 243 stall parking lot that currently serves the arena,” city planner Adam Cseske said. “While this parking is not ‘required’ parking, city staff are currently in negotiation with the applicant to replace some public parking for arena usage within their proposed development.”
The property was purchased for future development and only to be used as a parking lot until development was warranted and feasible.
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