The Stockwell was initiated in June 2016, after Innocept purchased land that included a DP-approved apartment building. We proceeded to modify and enhance the design to meet our condominium standards, and completed the construction of 32 one and two-bedroom homes in December 2017. This building was among the first newly constructed wood-framed condominiums in the downtown Kelowna area at the time. The majority of buyers were local residents who chose to downsize to condominium living or acquire a long term investment rental. This $10 million project was delivered ahead of schedule, on budget, and we returned equity capital to investors within 18 months.