By James Peters

Developer buys KIC building, hints at big plans for Tranquille block

Oct 12, 2018 | 3:23 PM

KAMLOOPS — A Kamloops developer says his purchase of the Kamloops Innovation Centre building at 348 Tranquille Road is just the start of an exciting revitalization for the block.

Joshua Knaak and Arpa Developments purchased the 1.5-acre parcel with plans to move the company into offices there alongside KIC.

Arpa’s plans include building improvements, but also include a larger development of the block that will include integration of technology and the arts.

Knaak says architectural renderings have been launched for an 80 to 90-room hotel and a residential component, as well.

“The growth of the local technology sector is playing a larger and larger role in our region’s economy and Arpa Investments shares our vision of creating the environment for technology companies to start and thrive here,” said KIC Executive Director Lincoln Smith in a release.

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Knaak says more details on Arpa’s plans should be rolled out in the coming three to four months.