An artist’s rendering of Chase Valley Group’s proposal for 123 Front Street. Image: Re/Max

Major Front Street project shelved, listed for sale

The four-storey project would have added a modern touch to the typically historic feel of the street

A Penticton developer is hoping to pass off its $15-million mixed-use project slated to build up four storeys on Penticton’s characteristic Front Street.

Chase Valley Group Trevor Caine confirmed in a press release that the group has listed 123 Front St., the proposed home for the project with a sleek design not characteristic of much of the street’s more historic features. According to the Re/Max website, the property is up for $1.8 million.

“This listing of the site was a very tough decision; our team has spent over two years working on the project and we are very excited and proud of the scheme produced,” Caine said. “A lot about investment is seeing potential, identifying land, its best use and then working on how to bring those components together.”

However, Caine said Chase Valley Group already has a combined $10 million in various projects ongoing, and “with current workloads we are unable to look at a realistic start for this $15 million project until late next year.”

Caine said he hopes another developer would take the helm of that project, and the Re/Max ad attempts to drive home that aspect of the property.

“BONUS! There is a development permit and architectural plans in place for what could be the most stunning commercial and residential mix building in the South Okanagan,” the listing reads.

“Developers can also choose to do an original and/or smaller project to suit their needs. The City of Penticton is anxious to develop this property as the project will have an immense impact on the downtown core.”

Caine said the project “will be a high priority for us later next year” if no one purchases the land.

Just Posted

Intersection getting safety upgrade

Be prepared for traffic changes in Penticton’s industrial area

Summerland housing issues raised at candidate forum

High housing costs, low vacancy rates and lack of affordable housing addressed

Don’t be dazed and confused about cannabis legalization

Sitting down with an Okanagan lawyer to clear the haze of marijuana rules

Hero campaign raises $24,000 for Okanagan non-profits

Lowe’s Canada Heroes campaign was held throughout September

10 things still illegal in the new age of recreational cannabis

Pot is legal – but there are still a lot of rules, and breaking some could leave you in jail

Your morning news in 90: Oct. 17, 2018

Tune in for 90 seconds to get the top headlines for the Okanagan, Shuswap and Similkameen.

VOTE: Nature in Focus reader’s choice photo contest

The Penticton Western News Reader’s Choice photo contest

Who’s running in Penticton’s election?

Candidates for the Penticton municipal and school board election

Shuswap pot shops close as cannabis becomes legal

One marijuana dispensary won’t require city approvals as on First Nations land

B.C. Lions look to cement CFL playoff spot with victory over Eskimos

B.C. can cement a post-season berth in the wild West Division on Friday night with a home win over the Edmonton Eskimos

Canada ban on asbestos takes effect but mining residues are exempt

Environment Minister Catherine McKenna plans to announce the new regulations implementing the ban on Thursday in Ottawa

Okanagan College dives into cannabis courses

The college has adapted its programs in Kelowna

Harry and Meghan bring rain to drought-stricken Outback town

Prince Harry and his wife Meghan are on day two of their 16-day tour of Australia and the South Pacific.

Demand for legalized cannabis in early hours draws lineups, heavy web traffic

Government-run and privately operated sales portals went live at 12:01 a.m. local time across Canada, eliciting a wave of demand.

Most Read