News | Troika

Castanet: Troika Wants To Build More Than 300 Homes In McCurdy Road Hills

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KIRK PENTON

Article first appeared on CASTANET on August 28, 2020

Troika Management Corporation has submitted its plans for a major residential development on McCurdy Road that could also have a major impact on the city’s transportation system.

Terreno Hillside Community would consist of 266 condominiums and 43 townhomes if it were to come to fruition. Troika submitted rezoning and official community plan amendments to Kelowna city council earlier this month.

The development, which would be weaved into the hillside north of Highway 97, would also include the extension of McCurdy Road to connect to Mt. Baldy Drive. According to Troika, that has been identified by city staff as a key component of the city’s master transportation plan and would help ease traffic congestion on Highway 97 by providing an alternate route to Dilworth and Glenmore.

Terreno Hillside Community would feature 309 homes with one, two or three bedrooms.

“Our current development plans make a tremendous effort to minimize the impact to the environment by dedicating majority of the property to parkland,” Troika development vice-president Rich Threlfell wrote in his company’s submission letter to city council. “It also leaves open space for hiking trails and outlines a Mill Creek restoration and protection plan.

“We have made extensive consideration for the steep slopes and hillside scaring by creating architecture that protects the surrounding nature and complements the surrounding developments. The architecture is both modern and simple, providing an aesthetic that seamlessly blends into the surroundings.

“Troika has taken extensive care to ensure we utilize the development nodes to eliminate a development sprawl.”

The Globe and Mail: Developer sees a rosy post-coronavirus future

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Ms. Merrifield says the market will be driven by young professionals who held onto their jobs, who are renting or purchased a condo, and who’ve discovered that their money will suddenly go further. Middle-aged people looking to upsize will also see relative bargains.
“And with low interest rates, [people] will have buying power that they won’t have seen since probably 2009.

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THE NEW REALITY OF REAL ESTATE INVESTMENT

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If there’s one rule to financial success, it’s invest early and invest often. While most would assume that means putting funds into a 401K or stock, today’s reality paints a very different picture as to what investment means. Young, old, single, or married, people have recognized that real estate is king, and that your greatest return doesn’t just come down to the dollars and cents alone. It’s about finding a home that fits your needs now and the future that warrants it valuable.

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KELOWNA NOW: SHOULD YOU PURCHASE A NEW CONSTRUCTION HOME AS A RENTAL?

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Rental properties can provide a lot of benefits. Sure, it takes some work to maintain the home and handle tenants, but the extra work is usually worth it.

There are some factors to keep in mind while you’re researching the real estate market. Are you willing to pay the speculation and vacancy tax to get into certain regions in the instance that you’re not able to fill the rental right away? What size of house would renters be looking for? How much can you afford? The list goes on.

If you’re not sure about buying a new or used home, this list of benefits to owning a newly constructed home may help! Always do your research before investing into real estate. Talk to specialists and be sure to figure out your budget.

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FOLLOW THE VALUES OF THE MILLENNIAL LEADER

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Millennials. They’ve tackled challenges with smart solutions, opted for unconventional lifestyles that favor experiences and set a new precedent for access over ownership. While it’s not that they are the only ones who value a sense of belonging, affordability, and smart technology. It’s that they’ve been the strongest force to disrupt norms and in uncovering what motivates us as a society. The shift has led to the likes of researchers such as David Allison whose work on ‘valuegraphics’ has proven age is irrelevant, and from one generation to the next, we’re more alike one another than ever before. Read More

LAKE COUNTRY IS TURNING TOURISTS INTO RESIDENTS

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Ever pictured a life that allows you to do what you enjoy in the place you call home? Why wait for that annual holiday to experience adventure when you can have it all year round? The Okanagan Valley’s endless options from beaches and slopes, to trails, and wineries, means you only have to go as far as your front door. Amongst it all is a hidden gem, Lake Country. A city sandwiched between Kelowna and Vernon, Lake Country has earned its spot as THE staycation destination, turning tourists into residents in the process.

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LEADING THE PACK FOR OKANAGAN BUSINESS

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Troika Management Vice President of Development, Rich Threlfall and our building partner CorWest Builders’ General Manager and President, Ray Wynsouw are among those leading the pack for Okanagan business. They recently sat down with Boulevard Magazine to discuss where their success is anchored and their vision for the future.

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3 DESIGNER TIPS FOR AN OUTDOOR OASIS

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Spring has arrived and if you’re lucky enough just to be coming out of the freezing temps then you know that means one thing – it’s patio season! But just how well are you utilizing your space and enjoying the perks of your outdoor space? A majority of homeowners are guilty of one thing – playing favorites to their interiors, but with a little time, money and attention to that undervalued haven you can be sure will ensure it’s just as comfortable and inviting as the inside… maybe even more! Take the advice of Troika’s Design Expert and focus on 3 things to bring your outdoor living to the next level. Read More

BRINGING WEST COAST MODERN TO LAKE COUNTRY

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You’ve likely all dreamt about it one time or another. Escaping from the hectic pace of day-to-day-life in the city if even for just a moment. For most, that means jetting off on a beach holiday to bask in the sun with a drink in one hand and book in the other. It’s that very desire for ultimate relaxation mixed with the fondness for the modern perks of urban living, that’s spurred an architectural trend proving coastal modern homes don’t just belong on the beach anymore.

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