Submitted image An artist’s conception of what the new complex might look like from the corner of Wharton and Kelly.

Wharton Street site sold to private developer

Four-storey, 88-unit apartment building planned for site

Over the years, there has been a number of ideas proposed for the District of Summerland property on Wharton Street, and now it is finally being sold to a private developer for $1,989,000.

The district announced Tuesday that they have entered into an agreement for the sale of the Wharton Street properties, following a public Invitation to Submit Offers which closed on January 26, 2018.

Following the review of proposals submitted, district council signed an agreement with Alder Heights Holdings Ltd.

The proposal includes the construction of a four-storey, eighty-eight unit apartment building with 4,200 square feet of commercial space on the ground floor. Before proceeding to permits for construction of the development, the purchaser is required to submit rezoning and development permit applications. Opportunity for public input and comment on the proposed development will occur as part of the application review process.

In 2012, a development was proposed for a five-storey building on Wharton street that would also have housed the museum, the library and a cultural centre as well as housing units.

Related: Developers present Wharton Street plan

This development proposal is for a market rate, pet-friendly rental apartment housing with a mix of one, two and three bedroom units that would appeal to a variety of residents from students and seniors to families and professionals. The proposal includes underground parking and surface parking, landscape features adjacent to roadways, and a public plaza area adjacent to the intersection of Wharton and Kelly Avenues.

The proposed development would be constructed by Seymour Pacific Developments Ltd. and rental properties managed by Broadstreet Properties Ltd.

The sales agreement with the district is subject to Alder Heights Holdings applying for and being approved for rezoning and a development permit within 240 days. The district has the option to repurchase the property at the same price should the project not proceed.

Related: Housing ideas for Summerland discussed

Just Posted

Rikhi family donates $60,000 to Penticton Regional Hospital expansion

Donation made in memory of Raksha Rikhi, a nurse from Summerland

South Okanagan RCMP ramping up targeted CounterAttack enforcement

12 impaired drivers were caught by RCMP on Dec. 1, assisted by South Okanagan Traffic Service

Bobsleigh on display in Summerland

Used sleigh set up in honour of Olympic gold medal athlete Justin Kripps

Penticton RCMP want you to Cram the Kennel

RCMP officers, volunteers will be filling kennels with food and pet supplies donations

Summerland utility rates to increase

Water and sewer rates to rise five per cent; electrical increase is two per cent

VIDEO: Close encounter with a whale near Canada-U.S border

Ron Gillies had his camera ready when a whale appeared Dec. 7

Another 20 to 30 cm of snow expected on Coquihalla

Environment Canada issued a weather statement this morning

Manhunt continues for France shooter

Suspected gunman named, had long police record

‘Jurassic Park,’ ‘Shining’ added to National Film Registry

“These cinematic treasures must be protected because they document our history, culture, hopes and dreams.”

B.C. Lions hire DeVone Claybrooks as head coach

Former Stampeders DC succeeds CFL legend Wally Buono

France shooting: 2 dead, several wounded in Strasbourg

A world-famous Christmas market was put on lock down on Tuesday

Canadian warship witnesses possible violations of North Korea sanctions

Crew members on HMCS Calgary took photos and collected other information

Christine Sinclair named Canadian Women’s player of the year again

This is the 14th time Sinclair has been named player of the year

Most Read