Innovation District

The Innovation District is a new master planned community in Penticton. 

Located on a 10.2 acre site, in a key area across from one of the region's largest employers, the Penticton Regional Hospital. The Innovation District will include 1500 new homes ( rental and market condos) as well as 100,000 sq ft of retail, office and commercial space, including state of the art, Class A office space geared towards medical professionals. There are also plans for hotels and a senior living facility. There will also be some commercial strata opportunities.  This pedestrian friendly community will also feature a public plaza.

This new community is well placed between both Okanagan and Skaha Lakes

Real estate investors have strong price appreciation potential especially if you buy early in this 7 phase project. 

Get on the Nest Presales Insider List for VIP access and get priorty previews, floorplans and prices as soon as they are available.

PROJECT DETAILS: 

Address: 1704 Government Street, Penticton, BC

Developer: Tien Sher and Stryke Group

Building Type: 12 buildings ranging from six-storeys to 12-storeys, using both woodframe construction and mass timber (CLT) construction. Nikola(1st residential building) will offer 127 homes over 6 floors.

Amenities: Rooftop amenity space boasting BBQs, outdoor dining, infrared sauna, firepit and lounge seating. Fitness centre with yoda studio; Co-working space including private pods; Bicycle-sharing system and bike wash and repair room; Dog wash station.

Unit Type: Range of units including Studios, Junior One bedrooms, One Bed, One bed + den, Junior 2 bedroom, Two bedroom, Two bed + den, and Three bedrooms.

Features: AC throughout all homes; quartz countertops + porcelain backsplashes; Samsung appliances including slide-in stove with air fryer & WiFi connectivity; Keyless entry system with virtual concierge services.

Deposit Structure: 10% total deposit for the 1st building Nikola

Estimated Completion Date: Late 2027

Status: Booking previews now!