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February 3, 2014

Billion Dollar Development in the Okanagan

CAL SRIGLEY

New Monaco, a billion-dollar mixed-use development is being proposed for Peachland, B.C. in the Central Okanagan.

It would be located on 125 acres between highways 97C and 97 and includes the construction of a community with about 2,500 residential units over a 20-year buildout.

The project received an Official Community Plan amendment and Area Structure Plan approval in 2011.

The rezoning application for the first phase has been filed. DIALOG is the architect and Colliers International is the project manager.

Consultants include HB Lanarc Consultants Ltd., CTQ Consultants Ltd. and Opus International Consultants. Construction could start in 2015.

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