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Demand for rental units in Penticton has been growing steadily, and the supply hasn't kept pace. 123 Front Street was designed to help close that gap. It is a mixed-use building in downtown comprising 48 residential rental units and three at-grade commercial spaces.
123 Front Street was completed in Q1 2026 on schedule and several percent under budget.
For the owner, the outcome was a fully tenanted mixed-use asset delivered exactly when and how they needed it. For Penticton, there were 48 new rental homes in a community that needed them.
The structure of Clearline's involvement at 123 Front Street reflects our belief that the cleanest, most efficient projects are those in which there's a single accountable partner managing the full scope of the development, rather than a series of independent relationships the owner must manage and reconcile.
That continuity across pre-construction, development management, and construction is what 123 Front Street looked like in practice.
