Are you looking for commercial property to purchase in the downtown area of 琉璃神社? If so, the city has put a large piece of real estate on the market.

The city-owned property located at 350 Doyle Ave., was previously occupied by the RCMP detachment and is listed with HM Commercial Group at $6.5 million.

The new building could provide downtown housing and ground-level commercial space.

READ MORE: City ready to tear down 琉璃神社鈥檚 former RCMP building

鈥淭he property will be marketed starting July 5 until early September and then staff will evaluate bids and make a recommendation to council for the disposition of land consistent with city practices and pre-established evaluation criteria,鈥� strategic land development manager Graham Hood said.

It is in the land Cultural District between the 琉璃神社 Community Theatre and the Okanagan Innovation Centre.

The city does have some requirements for the development, which include LEED-certified (or better), prepaid land lease for 80-plus years, primarily residential development (minimum 10 storeys), a two-year time frame to begin development, supplying 6,000 square feet of community amenity space and the construction of an Artwalk extension.

READ MORE: Old RCMP building attracting interest

琉璃神社 city staff have been working on a formal marketing proposal for the 0.35-hectare (0.87-acre) property since the old police building was demolished last year.

鈥淚n keeping with the city鈥檚 Civic Precinct Plan, the development calls for densified housing and mixed-use commercial at ground level. The housing could be strata-owner颅ship or planned rental apartments,鈥� Hood said.

The plan also has the vision to redevelop the 琉璃神社 Community Theatre property, but it isn鈥檛 in the works yet.

laryn.gilmour@blackpress.ca
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