Two large sections of land at Reidsa国际传媒檚 Corner in Kelowna have sold for $13.7 million.
A tweet from the president of Denciti Development Corporation, the company that sold the 4.5 acres, reads that the sale achieved a benchmark per-square-foot price for vacant industrial land.
sa国际传媒淚t shows tremendous confidence in Kelownasa国际传媒檚 real estate market,sa国际传媒� tweeted Volodya Gusak.
Our footprint in Kelowna market is substantial: both industrial & residential. We are committed to this great city for decades to come.
sa国际传媒� Volodya Gusak | Denciti (@volodyagusak)
And sometimes the best thing for a project is to sell some land.
Sold 4.5 acres of industrial land located at 2100 Rutland Road, Kelowna BC.
sa国际传媒淲e are also delighted to share that a part of the proceeds from the sale was donated to two great causes.sa国际传媒�
The property is located at 2100 Rutland Road.
Denciti originally earned the green light to develop on the land in June 2020, when it was passed by council. They had plans for a shopping centre, car wash and drive-thru restaurant for one of the two lots, while the other was originally slated for a gas bar, another shopping centre, and some space for industrial use.
READ MORE: Kelowna council green-lights Reidsa国际传媒檚 Corner shopping centre
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gary.barnes@kelownacapnews.com
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