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episode # 20

Brooklyn in Kelowna by Mission Group with Luke Turri

Mission Group is bringing Brooklyn-inspired architecture to Kelowna’s historic Bernard Avenue with the launch of their 25-storey condominium development – Brooklyn. Situated in the heart of downtown Kelowna, this architecturally stunning building boasts a walk score of 98, just steps from Okanagan Lake, exciting shops and amazing bars & restaurants. The lower floors of the building will contain exciting retail space with 1, 2 & 3 bedroom units above ensuring all condos have superior views of both the city and the lake. The building is investor friendly with unrestricted short-term and long-term rentals that allow for a flexible use property for out-of-town owners. This is your chance to get in on the first phase of Mission Group’s master-planned community that will redefine luxury in downtown Kelowna. Sign up for VIP Access including Pricing and Floor Plans!

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Episode Summary


 

Tell us a little about the project

Brooklyn is the newest development by Mission Group in Kelowna. It is the 1st phase for Mission Group’s masterplan community in the Bernard Block urban village. It is a 25-story residential high-rise in the downtown core of Kelowna. Walk score of 98, amazing lake views, and the highest roof top amenity lounge and outdoor terrace of any building between Vancouver and Calgary. It is now under construction and the urban collection of homes will begin selling June 1, 2019. These will be priced at pre-construction pricing levels. The building is expected to complete in Spring of 2021.

Can you talk about the interest zoning in the area? 

Brooklyn is a downtown urban high-rise in a great location. It is also one of the few buildings in downtown Kelowna that doesn’t have any rental restrictions. This includes both short-term and long-term rentals. This is a great flexible opportunity for people that want to own in Kelowna, but will not be living in the area full time.

Tell us about the area around Bernard District?

There has been lots of public and private investment in the area over the last couple of years. The area is becoming a tech industry hub and it is already a foody heaven. It is also just steps from Okanagan Lake. This area is still seeing significant transformation. There are multiple buildings being constructed in the area and Mission Group has plans to bring 500 homes to this area in the next 5 years.

When can we expect for Pricing?

Preconstruction pricing will be available in the Urban Collection. 1 bedrooms start in mid $300,000s and 2 bedrooms in the upper $400,000s and sub-penthouse units on the top 3 floors in the upper $500,000s. All units include a parking stall and a great view regardless of what floor you are on. The building has retail at grade level and a parkade on levels 2 through 5. You wouldn’t notice the parkade from the outside as the exterior blends very well into the building, but this is required due to water table constraints. This is beneficial for owners because all units start on or after level 6, providing superior views of the lake and surrounding area.

Are you seeing more investors or end users interested in the project?

We are seeing a spread of both. We are seeing end users that want to live, work and play in downtown Kelowna. Urban core concrete high-rise buildings are a newer thing for Kelowna and there is demand for them. We are also seeing investors purchasing from throughout BC with the plan to summer in Kelowna. We are also seeing downsizers that want to live in downtown Kelowna and take advantage of the area.

Can you tell us about Mission Group and why the Company is excited about Kelowna?

Mission Group is a locally owned and operated development company that has been operating in Kelowna for the past 15 years. They have built various homes during that time and their primary focus is on customer service. The goal is to provide livable homes and communities that will foster the long-term health of Kelowna. The Company has a great track record.

Kelowna is exciting because it is uniquely positioned for a city of its size. You can have all the lifestyle amenities, the shops, services and job opportunities that are paired with amazing quality of life factors like hiking, lakes, ski hills, wine, golf. Kelowna attracts a significant amount of investment and is growing quickly.

On rents investors can expect.

Long term rentals – 1-bedroom approx. $1,500 / month. 2-bedroom homes are above $2,000 / month. Short term rentals can be significantly higher than this, especially in the summer months. This is determined based on location and time of year. Brooklyn’s location is well positioned for both short-term and long-term rentals and there are no restrictions on either.

If someone is on the fence, why should they buy at Brooklyn?

Biggest incentives would be location, lifestyle and freedom of ownership. Amazing location that is close to restaurants and services. Steps from the lake and other outdoor amenities. No restrictions on rentals that allows flexibility for owners. Finally, Brooklyn is the first phase of the Bernard avenue masterplan community, so this allows buyers to get in on the ground floor of an amazing community development.

Brooklyn – Urban Collection will begin selling June 1, 2019!

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