Kelowna Springs Golf Course, located at 480 Penno Road in Kelowna, has been sold to the Denciti Group, a real estate development company based in British Columbia. The 106.4-acre property will be redeveloped according to the 2040 Official Community Plan that was unanimously approved by the city. The redevelopment is expected to create 1,040 new job opportunities and generate approximately $1.17 million in annual tax revenue for the city. The site is strategically located just five minutes south of the airport with easy highway access and close proximity to other industrial activity. Despite being home to Kelowna Springs Golf Course, it has been designated ‘industrial’ within the city’s Official Community Plan since 2018.
Denciti purchased the property in Fall of 2022 after placing it under contract for purchase earlier this year when council unanimously approved Kelowna’s 2040 OCP which determined that future industrial and economic growth would be best suited for the golf course property. A motion to reverse the industrial designation of the property was defeated by city council in August, paving the way for Denciti’s purchase.
The location of Kelowna Springs Golf Course is one of five ‘Growth Strategy Districts’ and plays an important role as a driver of innovation, employment, and economic growth for the Okanagan region. Fawley from Denciti says that “businesses need space and young people need good jobs” and that they are excited about the opportunities presented by this location.
An environmental assessment has confirmed that any kind of development on this site would not negatively impact wildlife or wetlands in the area. Environmental considerations will be a key driver in planning for responsible redevelopment.
Kelowna Springs Golf Course is set to remain operational until the end of the 2023 season despite its sale to Denciti Group.
