$60M mass timber office in the works for Penticton’s Innovation District

By Grant Cameron
Journal of Commerce
November 28, 2025
Category: Wood, Paper & Green Building
Region: Canada West

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Plans are in the works for a six-storey mass timber office building in Penticton, B.C., which the developer says could serve as a blueprint for more climate-conscious designs across the province. The $60-million structure is proposed for the Innovation District, a new master-planned community between Okanagan and Skaha lakes, and located across from Penticton Regional Hospital. The building, dubbed Nexus, will feature retail, medical and office space as well as day care space and offices tailored to medical and professional tenants. “The Innovation District master plan for Penticton envisions a 10-acre mixed-use community with more than 1,500 homes, offices, medical services, retail and more,” explains Rocky Sethi, managing director with Stryke Group, developer of the venture. “Nexus is a key piece of that.” He says Nexus was born from a vision of sustainable, modern development, backed by provincial support. The project received a $500,000 grant through B.C.’s Forestry Innovation Investment.

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