Out­door pool

Calgary Herald - Calgary Herald New Condos - - Re­cre­ation & In­vest­ment Prop­er­ties -

For in­stance, the 709-square-foot one-bed­room-with-den condo on the sev­enth floor with a city view is now $269,900.

And the 1,508-square-foot two-bed­room-with-den pent­house with city, moun­tain and lake views is down to $1.2 mil­lion.

“We’ve made ad­just­ments,” states Mirecki.

“But we didn’t slash prices. We wanted to hold strong be­cause Skye re­ally is the best op­por­tu­nity to own a spec­tac­u­lar view prop­erty in the Okana­gan. The in­her­ent value is just as much to­day as when it was first launched (in boom time 2007).”

Mirecki main­tains Skye is legacy real es­tate. “We were us­ing long-term vi­sion when we de­cided to build Kelowna’s tallest build­ing,” she points out.

“As a con­tem­po­rary view prop­erty it is sec­ond to none. It’s the kind of place that will have grand­chil­dren in the fu­ture say­ing: ‘Thank good­ness grandpa had the fore­sight to buy this place.’ “

All of the ameni­ties for the Water­scape neigh­bour­hood are al­ready com­plete. That in­cludes a club­house with lounge, gym, out­door pool and hot tubs.

Led­ing­ham McAl­lis­ter is plan­ning five more low-rise condo build­ings for the prop­erty, but has no time­line with the cur­rent slower mar­ket.

Led­ing­ham McAl­lis­ter is busiest in Van­cou­ver where it has built nu­mer­ous tow­ers sim­i­lar to Skye. Thus Skye is touted as bring­ing the big city and a bit of a Van­cou­ver look and feel to Kelowna.

While CEO Ward McAl­lis­ter lives in Van­cou­ver, he has sev­eral ties to Kelowna.

His fa­ther lives in Kelowna and the com­pany built Kelowna’s first big-box store, Costco, in the early 1990s. McAl­lis­ter has also be­come a part-time res­i­dent of Kelowna by keep­ing one of the pent­houses at Skye for him­self.

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