Thursday, May 12 2022

Rendering of Thompson Landing (ARPA Investments)

A major condo development on Kamloops’ North Shore has been given the green light by the city to move forward.

ARPA Investments has received rezoning approval for Thompson Landing.

ARPA’s Joshua Knaak says this is a major milestone in completing the project.

“It helps us move forward with finalizing development permits and disclosure statements, and getting to a point where we can start pre-sales,” Knaak said. “There’s been huge interest in this project, and most people are asking when can we get into pre-sales, hopefully that means we’re only a few months away.”

Thompson Landing is a 2 building, 64 unit condo complex set to be built on the bank of the South Thompson River along Royal Avenue.

“With the location, I think it will appeal more to people who are downsizing. Maybe more to professionals who just don’t have the time to maintain a yard,” Knaak said.

Knaak says they are still trying to finalize the initial price of the units, but suggests there could be some in the price range of around $300,000.

The overall development price is approximately $20 million.

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