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It’s Now Called 1151 Sunset

It’s Now Called 1151 Sunset

Text below from July 15, 2016 Daily Courier article

First, it was called Lucaya. Then Grace. And, finally, 1151 Sunset Drive after its address in Kelowna’s north downtown, across from Prospera Place.  It’s the 21-storey oft-delayed condominium tower that looks like construction will finally start next month for fall 2018 completion.  The saga of this highrise began in 2007 when Kelowna was booming and a Calgary firm started marketing a tower with 92 luxury suites. Pre-sales went well and the underground parking and foundation was constructed. Then the 2008 recession hit, construction halted and the project fell into receivership.

In 2012, Jingon of Richmond, which has Chinese ownership, bought the property out of receivership for $3.8 million and announced it would build Grace. There would be more and smaller suites, 155 in all, to make the project viable. The construction partner was Ledcor and the tower was supposed to start going up earlier this year. Jingon has now joint ventured with Chilliwack-based Kerkhoff Construction to build 1151 Sunset Drive with 117 one-two-and-three-bedroom view condos and seven townhomes as the base. “We’ve changed the concept a bit and will have fewer and bigger condos in the tower,” said vice-president Leonard Kerkhoff.

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