Troika Proposes Another 160 Purpose-Built Rental Homes

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Troika announced the Development Permit Application for their fourth purpose-built rental project in just over a year. This 1.02-acre site, strategically located in Kelowna's "Midtown" on Barlee Road, will be home to 160 brand-new rental homes.

Kelowna, BC – May 9, 2024 – Troika Management Corp. proudly announces the submission of a development permit application to the City of Kelowna for their fourth Troika Living purpose-built rental building in just over a year. Located in the newly designated Transit Oriented Development Area near Orchard Park Exchange, this ambitious project is set to transform urban living and promote a more sustainable and community-focused urban environment.

The proposed Barlee Road development spans a 1.02-acre site combining addresses 1857, 1869, and 1879 Barlee Road. Currently zoned Urban Centre 3 (UC3), Troika seeks rezoning to UC3r, a rental-only subzone, to introduce 160 modern rental units designed to enhance the residential landscape of Kelowna. This initiative aligns with the city’s recent adoption of the Transit Orientated Development (TOD) guidelines, which aim to boost housing availability near major transit hubs while reducing dependency on personal vehicles.

Situated just east of downtown Kelowna, this location offers exceptional access to transit options via the Orchard Park Exchange, enhancing connectivity to the city’s core and beyond. Located within the most central Urban Centre of Kelowna, the Barlee Road development is ideally positioned near Landmark District and Orchard Park Mall. Residents will benefit from being only a 10-minute drive from both downtown Kelowna and the UBCO campus, providing a connected urban lifestyle.

"We are building more homes better, while creating a community that aligns with Kelowna’s vision of sustainable and accessible urban living," said Renee Merrifield, Troika’s Co-CEO. "We are excited to be at the forefront of this initiative, contributing to a greener city and enhancing the quality of life for our residents."

The design features an internal landscaped courtyard and comprehensive amenities, including a gym, lounge, and coworking space, showcasing Troika’s dedication to creating a vibrant community atmosphere. These amenities are tailored to set a new standard for rental accommodations in Kelowna, enhancing both the functionality and appeal of urban living.

Troika continues to work closely with the City of Kelowna and community stakeholders to ensure that the project not only meets but exceeds the expectations for quality and sustainability in urban development.

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