MISSION GROUP PARTNERS WITH NICOLA WEALTH ON KELOWNA OFFICE TOWER

September 12, 2024

Kelowna’s downtown office tower, The Block, features cutting edge smart technology and sustainable design. Photo credit: missiongroup.ca

KELOWNANicola Wealth Real Estate (NWRE) and Mission Group have unveiled downtown office tower, The Block, a state-of-the-art, 125,000-square-foot commercial development in the heart of Kelowna’s vibrant downtown. Their premier office project, featuring cutting-edge smart technology and sustainable design, aims to redefine urban work and living in the region.

“Through our collaboration with Mission Group, Nicola Wealth Real Estate, is excited to introduce The Block,” says Mark Hannah, Executive Managing Director & Head of Real Estate at Nicola Wealth. “This project not only enhances Kelowna’s urban landscape but also sets a new standard for modern working environments in the region for professional service firms. We believe The Block is a cornerstone of Kelowna’s downtown.”

“Downtown Kelowna has become a highly sought-after destination for businesses of all shapes and sizes. We are excited to contribute to the growing business economy in Kelowna by bringing a flagship office tower to the downtown core,” said Jonathan Friesen, CEO of Mission Group. “The amenities that the downtown core has to offer appeal to residents and businesses alike. Since opening, The Block has become the hub of an evolving downtown business community.”

The Block offers 125,000 square feet of high-quality space equipped with state-of-the-art smart technology and amenities. These include a rooftop patio with stunning views of Okanagan Lake, diverse retail and dining options along Bernard Avenue, and facilities designed with well-being in mind, such as a dog run, rooftop deck, boardroom, bike facilities, and ProducKIDvity, a 13,000 square foot daycare with 100 childcare spaces. The design features View Glass, a water feature, and a 55-foot rammed earth wall, prioritizing sustainability and energy efficiency.

The Block has proudly secured Beem Credit Union as its future anchor office and retail tenant, which will establish its corporate headquarters and a prominent retail branch at The Block. With Beem’s commitment, the building is now 65% leased, reflecting the growing appeal of The Block as a premier business destination.

Luke Turri, President at Mission Group adds, “We’ve curated a vibrant mix of tenants at The Block, creating a dynamic environment that supports Kelowna’s growth and innovation. Only three full floors remain available, ideal for professional service firms such as accounting, law, engineering, or tech-based companies.”

The Block is well-positioned to meet the demand from professional service firms seeking centrally located office space in Kelowna. The leasing team has been highly selective, ensuring a balanced mix of tenants that enhances the development’s dynamic environment. Key tenants include Raymond James, Colliers and Mission Group. The retail mix features an exercise studio, Kinton Ramen, The Gallery, Eyestyle Eyecare and Lavender and Grace.

Business Examiner Staff

 

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