Riverside Place on McKinney Road is expected to undergo another rebirth with the development of a 30-unit condominium project. It is expected the project will attract a combination of permanent residents and purchasers who will use their units as a recreational property.
Lyonel Doherty photo
Riverside Place will soon undergo a transformation that will provide more housing in the community.
The long-awaited rebirth will see the vacant building (formerly known as Oliver Suites Resort) on McKinney Road turned into a 30-unit residential condominium development.
Blair Greenley, vice-president of the project, said they are in the midst of applying for a new building permit, followed by installing the final coat of stucco.
A show suite on the first floor will act as a sales office. Greenley noted it will take about four months to complete the stucco and show suite.
“When an adequate number of pre-sales has been achieved, we will proceed with the completion of the building.”
Greenley said the new building will be far more aesthetically pleasing than the current, partially-built structure.
“It will add available housing for all residents of Oliver, especially in light of the immigration that will result from the construction of the new prison.”
Greenley said they expect a combination of permanent residents and purchasers who will use their residence as a recreational property. This will bring more money to the local economy, he added.
He pointed out that most of the trades used to complete the $11 million building are from the South Okanagan.
Greenley said the development will include a total of 30, two-bedroom and two-bedroom plus den condo units ranging in size from 1415 to 1746 square feet. These units will also feature large balconies and patios.
The units will incorporate a “flex” room that may be used as a wine tasting room, an office or library.
Greenley said all units will include high-end finishing, such as granite countertops, stainless steel appliances and a wine fridge.
When completed, the desert-style landscaping will include a large pool, hot tub and lounge areas.
He pointed out that all units will have one underground parking stall and a large storage locker. There will also be grade-level parking for owners and guests.
Greenley said purchasers will be part of a strata corporation and will decide if they want to rent their units out, in which case they may form a rental management company or hire the services of an existing management firm.
Condominium prices have not yet been established.
Greenley hopes the word will get out that Oliver offers a great lifestyle and a “wonderful new building under construction.”
Lyonel Doherty
Oliver Chronicle
