Madison Ave Group has a new project in Kelowna coming available in summer 2022. The Savoy will be their first development in Kelowna: a multi-family condo building and street-facing townhomes at the corner of Clement Avenue and Richter Street. The project is still awaiting final approval from the city, but fits within the zoning parameters for the area of the city.
Madison Ave Group has been a developer in Canada and internationally for over 40 years. They have built over a thousand homes in the Calgary region, including Silver Tip Golf Resort (Canmore), Grizzly Ridge (Canmore), Greenwich (Calgary), Cornerbrook (Calgary), and more. They are the winners of multiple BILD Calgary Awards over the years, and were recently a CHBA National Awards for Housing Excellence Finalist in 2021.
The Savoy Development Details
- 61 Condo units (23 one bedroom, 36 studios, 2 two bedrooms)
- 7 multi-level townhome units (two bedrooms)
- Underground parking
- 690 square foot amenity room
- common outdoor space for lounging and dog run
The development will be located in a quickly changing neighbourhood with recently built housing projects nearby, including Packers Junction with a mix of retail, microbreweries, and housing. Only a short 15 minute walk to the south end of downtown Kelowna, The Savoy will be in a highly desirable area for years to come. The addition of the downtown campus for UBCO will make the building attractive for students and professionals alike which means it will be a great investment opportunity in Kelowna.
BlueGreen Architecture is the firm that has designed the building, a local architect firm with several projects underway in the central Okanagan and other well-known buildings that have completed.
Full details of the development on the city website and registration for sales available at their website.
Images are from Madison Ave Group’s website or development documents.
