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Media Backgrounder Osoyoos Shoreline Development Ltd. is the developer
of Watermark Beach Resort in Osoyoos. OSD is a privately owned and
operated development company controlled by Ralli Estates and Wescirque
Enterprises Ltd. The development team is comprised of 4 partner/owners, and 12
experienced and specialized consultants. The respective principals of Ralli Estates
and Wescirque Enterprises are Vincent Yen and Jim Szabo. The project ownership
team also includes Glen Harris (Development Manager) and Mr. David Webb (Construction
Manager), who have served as key advisors in guiding the direction of the
project. Combined, these four experienced developers have a long tradition of
business credibility, good corporate citizenship and an established reputation
for professionalism. The ownership team has assembled a
respected team of 12 expert and specialized consultants to ensure that the
project adheres to the highest regulatory code and design standards. Collectively the team has a diverse
portfolio of development projects with over 100 years of accumulated experience
in real estate management, ownership, and development, including: residential
and recreational properties, commercial office buildings, and condominium
complexes. The development team’s mission is to
create quality developments that positively affect the culture and economy, and
reflect the spirit of the existing community in which they are built. Project
Summary Osoyoos Shoreline Development Ltd. has
built a world-class four-storey, 153 suite beachside resort on the site of the
“Old Packing House” (demolished in 2002); on the west shore of Osoyoos Lake
adjacent to Gyro Park. This includes five townhome buildings with six units per
building (total of 30 units) on the site’s south side. The Watermark Beach Resort offers
many publicly accessible amenities, including retail store fronts along Main
Street’s east downtown strip; an upscale restaurant; a health club/spa and
convention centre space. Suites offer all the comforts and
conveniences of home including fully equipped kitchens with stainless steel
appliances, gourmet kitchens, deep soaking tubs, flat-screen televisions in the
master bedrooms and living areas, and private balconies with breathtaking views
of the lake or desert landscape. Through collaboration with the planning
department and local community groups, the resort includes the enhancement and
cultivation of the adjoining beachfront park through the development of a
public pathway system connecting existing north and south pathways. Each Watermark home is a whole ownership, strata
titled condominium that can be entered into the optional Watermark Rental
Program, to be managed and maintained to resort hotel standards when not being
used by the owners. Project
Specs Estimated Project Cost: $68 million Primary Condo-Resort (141,091 square feet) • Four storey condominium resort Townhouse (40,840 square feet) • Five, three storey townhouse
buildings Amenities • 5,481 square feet of retail space Pricing One
bedroom: $299,900 to $385,900 Two
bedroom: 419,900 to 459,900 Three
bedroom penthouse: $829,900 Beachfront
homes: Starting at $829,900 Media Inquiries: Scott
Henderson |
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