Kelowna: Cresseys Caban has a boutique feel and resort style living
Lifestyle

Kelowna: Cresseys Caban has a boutique really feel and resort model residing

By Kelowna Gazette

  1. Real estate out of town
  2. Houses
  3. Condominiums
  4. Buy Sell

The project consists of two six-story concrete buildings with a 25-meter infinity lap pool, a Himalayan salt sauna, a fitness center, a pool house, a hot tub and private cabanas with views of Gyro Beach

Author of the article:

Michael Bernhard Caban residents enjoy a range of luxurious indoor and outdoor amenities. Caban residents enjoy a range of luxurious indoor and outdoor amenities. PNG

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Take the best beach construction site in the Okanagan and pour in the resources of one of Metro Vancouver’s leading luxury home builders.

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This has been Taylor Musseau’s life since the beginning of the summer when she and her sales team began showing hundreds of potential buyers in Vancouver and Kelowna what Caban by Cressey will look like when the 127-unit development at Gyro Beach, Kelowna in the spring of 2024 is completed.

“It was busy. We did over 140 appointments in four days,” said MLA Canada’s sales manager as he walked a minute away from a hectic day at the Caban sales center in Kelowna. “COVID wasn’t an issue at all. We did Sales center opening hours are simply extended from 10 a.m. to 7 or 8 a.m. and only by private agreement. ”In August, a similar campaign in a pop-up center in Metro Vancouver drew crowds in which more than 200 people said they wanted to buy one of the 120 condos and seven townhouses overlooking Okanagan Lake in the city’s Lower Mission neighborhood.

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While several projects were sold briskly in Kelowna this year, Caban stands out significantly differently, according to Musseau. With only 127 units on its 85,000 square meter property, Caban has more of a “boutique feel” with half to a third of the residents of others. The project consists of two six-story concrete buildings and a 2,000 square meter fitness room with Peloton exercise bikes, treadmills and other exercise equipment.

Collin Crabbe, chief architect at Meiklejohn, says the amenities won’t be overwhelmed due to the lower population of the settlement. Cressey could have sought a reallocation and built a more profitable skyscraper, likely with support from the local council, Crabbe said.

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Caban will consist of two six-story concrete buildings. Caban will consist of two six-story concrete buildings. PNG

“But Cressey stuck to his vision of a smaller scale that doesn’t feel overwhelming. That means the pool is not overcrowded and the gym is usable. ”His company also added another luxury to the project by adding more outdoor space to the penthouses and larger suites.

Musseau found that the level of finishes set a new standard for Kelowna, with bespoke routing, Italian furniture, parquet floors and Prestige equipment packages from Jennair and Fulgor. “You will also see 2.70 meter high ceilings in all of our units, which let more light through the windows and make the room much brighter.

Cressey was about to launch in 2008, but the global financial crisis forced them to halt the project overnight, said Hani Lammam, executive vice president of the company. He built the property, which included two motels, together in 2007 and came on the market the following year. “It was really bad timing,” he said and it fell apart about a week later.

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More than a decade later, Cressey has returned to the Okanagan, still anxious to pursue his original plan of building a “resort-style” settlement using concrete instead of timber frame construction.

A decision that the company has not regretted. According to Lammam, the market is much wider today than it was in 2008, when many people wanted to travel the world. “Now we’re back to nesting and staying closer to home. There is more demand today (for this type of product) than we ever thought. ”What has also changed is that demand from Metro Vancouver and even the local Kelowna market is now the decline in Alberta buyers due to the economic impact got equalized on the oil industry.

Spa-style primary bathroom. Spa-style primary bathroom. PNG

Musseau estimates that about 60 percent of buyers will be from the Lower Mainland, with the remainder from the Alberta or Point East region.

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“You get a more discerning buyer coming into this project. With COVID, people no longer have to go to the office. You’re from Vancouver and Toronto now and don’t want to live in a 700 square meter apartment. They value more space, and they (Cressey) were smart about going with slightly larger units and not compromising on size. ”While some buyers are Downsizers and retirees, others are young families. Musseau said the Lower Mission neighborhood is a big draw, especially for Vancouverites.

“We call this the Kelowna Kitsilano. It has a lot of the Kitsilano atmosphere. You can walk across the street to the city’s most famous beach. You can walk anywhere, you can go to your grocery store, you can do your hair, do your nails. The doctor’s offices are nearby. They really appreciate it because it’s such a much better lifestyle option. “

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The buildings also offer commercial space on the ground floor, including large areas for a restaurant.

Contemporary cuisine in the Caban by Cressey Development. Contemporary cuisine in the Caban by Cressey Development. PNG

Another feature buyers appreciate is the urban provisioning for caban owners who can rent on short term through services like Airbnb, Musseau said, a zoning condition that is becoming increasingly difficult to find. At the same time, she says Caban has a different mix of suites, offering a total of 31 different floor plans.

Previously built projects have “a lot of tiny suites that are more suitable for investors,” she said. “We have 30 of 127 units here, which work very well from an investment perspective. The rest are larger two-bedroom suites, a demographic that doesn’t target Airbnb. We only have one studio in the whole building, so Cressey thought about the mix very carefully. “

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Project: Caban by Cressey

Project address: 3377 Lakeshore Road, Kelowna

Project scope: A collection of 120 one, two, and three bedroom condominiums in two six-story concrete buildings and seven townhouses on a beachfront lot on Okanagan Lake in the Lower Mission neighborhood of Kelowna. The outdoor terrace between the buildings has a 25-meter infinity lap pool, Himalayan salt sauna, fitness center, pool house, hot tub, and private cabanas with views of Gyro Beach.

Prices: Starting at $ 549,900 for one-bedroom units between 638 and 675 sq. ft .; starting at $ 614,900 for two-bed houses between 694 sq. ft. and 713 sq. ft .; starts at $ 599,900 for two-bedroom units between 638 and 1,398 sq. ft .; From $ 1,674,900 for three bedroom homes between 1,609 sq. ft. to 1,616 sq. ft. two bedroom plus den townhouses cost $ 1,200,000 for 1,675 sq. ft. with double garages and roof terraces.

Developer: Cressey Development Group

Architect: Meiklejohn Architects

Interior architect: Insight Design Group

Sales center: # 104-3477 Lakeshore Road, Kelowna

Opening times of the center: Noon to 5 p.m.

Sales phone: 250-763-0208

Website: cressey.com/homes/caban/

Occupancy: Spring 2024

  1. A suspended ceiling and a large mantelpiece define the living room. Opposite, a built-in sideboard, which was individually configured by interior designer Marlene Bourque, divides the dining area and also serves as a wired stereo cabinet that housed the record player and vinyl collection of the original owner.

    Bright on the lakeshore: With strategically placed courtyards and glass, a north-facing house in Okanagan finds the light

  2. Light streams into the kitchen from all sides, including from above, thanks to skylights made possible by the offset second floor of the house.

    How a custom home in East Vancouver became a multi-generational sanctuary

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