Mission Group companions with Nicola Wealth Actual Property to rework downtown Kelowna with a Grasp-Deliberate City Village
KELOWNA, British Columbia – (BUSINESS WIRE) – Okanagan construction company, Mission Group is excited to partner with Nicola Wealth Real Estate to develop the final stages of Bernard Block, a masterfully planned urban village that will help transform downtown Kelowna.
The diverse community will reshape the Kelowna skyline, fuel growth and foster a sense of connectedness and community among its residents and commercial tenants, making it a new downtown hub for living, shopping and socializing.
The final stages will consist of a Class A office tower called The Block and a 34-story residential property tower called Bertram, which will offer a mix of residential units and iconic amenities such as a rooftop pool overlooking Okanagan Lake.
Two-Bedroom Bertram, starting at $ 500,000 and now selling over 75%, brings together beautiful, iconic architecture and will seamlessly connect to Kelowna’s boutiques, urban wineries, independent cafes, local restaurants, craft breweries and the farmers’ market.
The office tower block completes the urban village and will play an important role in establishing downtown Kelowna as the business hub of Okanagan. The 16-storey building offers approx. 100,000 m² of premium office space for rent on four parking levels as well as an additional 16,000 m² of catering and retail at street level.
“Mission Group is delighted to welcome Nicola Wealth Real Estate’s partnership to Bernard Block,” said Jon Friesen, CEO of Mission Group. “This vote of confidence from Nicola Wealth Real Estate shows our shared optimism and trust in Kelowna, one of Canada’s fastest growing cities. Bernard Block will add beautiful, iconic buildings and homes to the neighborhood while increasing pedestrian traffic to the ground floor shops and services along Bernard Avenue. The block will provide unique office space with the surrounding urban amenities while offering unparalleled views of Okanagan Lake from every office floor. ”
“We are pleased to play an important role as an investment partner in the development of Bernard Block,” said Mark Hannah, Managing Director of Nicola Wealth Real Estate. “Our team is already present in Kelowna, and we understand that the beautiful new homes and jobs in this urban village are essential to Kelowna’s continued growth. Bernard Block represents the ideal urban lifestyle in Okanagan and will help shift the commercial focus to downtown Kelowna. ”
Pre-lease for The Block is currently underway, with companies in Okanagan, Lower Mainland, Alberta and nationwide showing interest. In addition to the 100,000 m² of class A office space available for rent, The Block offers street-level dining and retail space as well as an exclusive roof terrace for tenants. Intelligent technology, safe bicycle parking facilities, changing facilities, showers and lockers ensure optimal comfort in the building. The Block will be a dog friendly building designed with health and wellness in mind.
The construction of the Bernard Block is now taking place.
About the mission group
Mission Group, the Okanagan’s premier community builder, has been helping develop Kelowna’s urban landscape since 2004. With its “Build It Forward” philosophy, Mission Group focuses on creating value so that the community it serves can thrive. Further information can be found at: www.missiongroup.ca.
About Nicola Wealth
Nicola Wealth Real Estate (NWRE) is the in-house real estate team for Nicola Wealth, a leading Canadian financial planning and investment firm with $ 9.2 billion in assets under management. NWRE has an experienced and innovative team sourcing and managing a growing real estate portfolio in key markets across North America, spanning a diversified range of asset classes including office, retail, industrial, apartment buildings, self-storage and senior housing. With the acquisition of Blackwood Partners, the current real estate portfolio now exceeds gross asset value of $ 6 billion.