Vernon, British Columbia –The Rise, a $1-billion master planned resort community located 3.5 km away from the city centre of Vernon, B.C. announced today that it sold 43 out of 52 home sites and sold 40 sites in 90 minutes at its first selection date on Saturday June 11th.

Leona Snider, President and CEO, Okanagan Hills Development Corporation says, “Vernon is the real star here.  Selling 40 home sites in ninety minutes is a testament to the area’s appeal.  As people discover the natural beauty of the Upper Okanagan, it is easy for them to imagine living here.”

“Demand for The Rise has been high and Saturday’s event proved our early success is just the tipping point of many more successes at The Rise,” says Warren Baxter, Regional Director, Playground Real Estate Inc. “People recognize that this is a true ground floor opportunity in a growing market.”  Playground Real Estate Inc. has been contracted by Okanagan Hills Development Corporation to manage the sales and marketing efforts for The Rise.

The Rise is a planned $1 billion development with 1210 development units consisting of 660 resort residential homes, hotels and villas, 550 resort commercial units, a winery, and a Fred Couples Signature Golf Course.  The project has an estimated eight-year build out.

The Rise will start taking reservations for its second release in early July. Those who are not registered may do so at www.TheRise.ca and receive notification of the reservation policy and additional release dates. The site also has an interactive map providing details of the first release, panoramic photo images, and a full map of the master planned resort development. 

Okanagan Hills Development Corporation
The Okanagan Hills Development Corporation (OHDC) is building The Rise, a $1-billion hilltop resort community.  Perched on a hillside overlooking Okanagan Lake, The Rise is 735-acre resort community located 3.5 km west of the city centre in Vernon, British Columbia. The Rise offers spectacular southwest views of Okanagan Lake and will feature a winery, vineyards, several neighbourhoods consisting of home-sites and villas, hotel and village centre, and a Fred Couples Signature Golf Course.
 
About Playground
Playground Real Estate Inc., an Intrawest company, is the premier provider of sales and marketing services for resort real estate world-wide.  The company draws on proprietary methodology called The PlaygroundTM Way to fulfill its mission of “connecting people with the ultimate places to play”.  With corporate offices in Vancouver, BC, Playground represents unique real estate in five countries on two continents, including the world-renowned Whistler Blackcomb in British Columbia –North America’s most popular mountain resort; Tremblant in Quebec – voted #1 ski resort in Eastern North America; and Florida’s Sandestin – 2,400 acres of white sand beaches and world-class golf.  To learn more about Playground visit www.playground.com.

###

For more information, contact:

dHz Media
Scott Henderson
+1.604.657.8593
scott.henderson@dhzmedia.ca

Online Media centre: www.TheRise.ca/News