Title: Peachland Condo Project Suspended; Todds RV Site Available for Sale Again
Introduction:
A luxury condominium development project in Peachland, B.C., has been put on hold, with the former Todds RV site being listed for sale once more. The development, planned by Porchlight Developments, was poised to transform the area but now faces an uncertain future.
Body:
In a recent development, the proposed luxury condominium project at the former Todds RV site on Beach Avenue, Peachland, has been suspended. Porchlight Developments, the developer behind the ambitious plan, had envisioned a six-building complex with up to six stories, totaling 46 residential units, and four family cabins, collectively named Crystal on the Lake.
However, the project appears to have encountered unforeseen obstacles, as the property is now back on the market with an asking price of $13.5 million for the nearly four-acre site. The listing for the property has been updated to reflect the new status, noting that the site presents exciting opportunities for multi-family redevelopment and other potential uses.
The Peachland council had previously approved the project in August 2022, with Porchlight Developments planning to begin construction in phases in spring 2023. The company aimed to complete the project within four years. However, as of now, the project’s page on Porchlight Developments’ website is empty, suggesting that the project may no longer be in active development.
In the meantime, Todds RV site has reopened to campers this May, indicating that the land remains active and open for alternative uses.
Conclusion:
The suspension of the Peachland condo project raises questions about the future of the development and the potential impact on the local community. As the site is once again available for sale, developers and investors may be exploring new opportunities for the property. Only time will tell what will become of this once-promising luxury residential development.
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