Kelowna, May 15, 2023 - Troika Management Corp (Troika) is thrilled to announce that its proposed housing development project on Dougall Road has successfully passed the crucial 4th reading at today’s Kelowna City Council meeting. The unanimous approval by the council members paves the way for the commencement of this transformative project that will be located at 285 Dougall Rd N, 305 Dougall Rd N, and 365 McIntosh Rd adjacent to the Rutland Transit Exchange.
The rental housing development project, carefully crafted by Troika, aims to address the growing demand for quality housing in Kelowna and contribute to the city's sustainable growth. By creating a vibrant community that fosters a sense of belonging and enhances the overall living experience, Troika is committed to providing residents with a place they can proudly call home.
"We are delighted with the unanimous decision of the Kelowna City Council to approve our housing development project on Dougall Road," says Brad Klassen, Co-CEO, Troika Management Corp, "This project represents a significant milestone for our organization, and we are excited to contribute to the development of Kelowna's thriving community."
The project will see three single-family lots consolidated to build a 6-storey, wood frame rental building that will provide 83 homes. The development will include a variety of amenity spaces, including multi-use green spaces, an outdoor dining and BBQ space, a landscaped communal patio, and more. Residents will also have easy access to public transportation. Construction is scheduled to begin in the second quarter of 2023.
Troika is committed to collaborating with local contractors, suppliers, and tradespeople, ensuring the project provides economic benefits to the Kelowna community. By prioritizing local talent and resources, the company aims to create employment opportunities and boost the local economy.
With the 4th reading approval, Troika is eager to move forward with the project's implementation. The company has already begun working on the detailed plans and is committed to adhering to the highest standards of construction, sustainability, and community engagement throughout the development process.
Troika Management Corporation expresses its sincere gratitude to the Kelowna City Council for their thorough review and support of the housing development project. The company looks forward to partnering with the city to realize their shared vision of a vibrant and inclusive community.