New 98-unit rental apartment building proposed for downtown Kamloops

KAMLOOPS — A 98-unit mixed-use rental apartment building is being proposed for a downtown Kamloops property next to the Red Bridge site. 

According to a report being presented to Kamloops council Tuesday (Sept. 1), the owner of 640 Lorne St. had a development permit approved for a new six-storey, mixed-use building featuring 22 studio, 54 one-bedroom and 22 two-bedroom units. The proposal also features commercial space, an attached outdoor patio for residents, 103 parking spaces and 116 bicycle spaces. 

The City of Kamloops notes that off-site improvements along Lorne Street – such as sidewalk bump-outs with street trees, paver band on the sidewalk and decorative street lighting to match existing lighting on Lorne Street – will occur at the building permit stage. 

The city says the owner wishes to enter an agreement for the residential portion of the building to receive a 100 per cent tax exemption for increased assessed value for 10 years, as it’s located within Kamloops’ Purpose-Built Rental Revitalization Tax Exemption Area.