A Kamloops developer is hoping to get approval on a second large scale housing development on the North Shore this year.
Joshua Knaak with Arpa Investments says his company is working on a new 60-unit mixed used building called the Innova on Tranquille at the intersection of Clapperton and Tranquille roads.
“We are hoping to be going to council for approval for a development permit in a couple of months on that project,” he told NL News. “It will look very similar to the Station on Tranquille next door but again with two floors of commercial space and housing units above.”
With several projects either completed or on the go, Knaak says he is excited about the potential for the North Shore.
“We just see this as an area that is up and coming,” he said. “The Colours on Spirit Square, our last development, was sold out prior to completion which hasn’t happened for us before.”
“With things like Bright Eye Brewing expanding and the Station that we built and the interest that we had in the Food Hall, I think people are seeing development and they’re seeing improvements here on the North Shore and they’re saying ‘I want to be a part of that.'”
Arpa Investments is also behind the 64-unit Thompson Landing Development along the riverfront on Royal Avenue.
“If all goes well, we hope to be starting on the Royal Avenue project in the summer. Obviously, it has to go through the rezoning and stuff and then you need a building permit which takes time as well,” Knaak added.
“We’re hoping to be getting going on that one in the summer and then hopefully we can be starting with the Innova on Tranquille in the fall.”