Landmark District
Landmark District is a 15-acre, 1M+ sqft mixed-use commercial real estate district in downtown Kelowna, BC, operated by Stober Group, serving 40+ office, retail, government, and professional services tenants alongside a public market and consumer amenities.
- Company typePrivate
- Founded2022
- HeadquartersKelowna, Canada
- Headcount51–100
- GTM typeB2B
- OfferingServices
What Landmark District does
Landmark District is a 15-acre, 1M+ sqft mixed-use commercial real estate development in downtown Kelowna, British Columbia, operated by Stober Group. The district comprises seven Landmark towers plus Sutherland, Kirschner Plaza, and District Market, aggregating a portfolio of Class A office, retail, food and beverage, fitness, and event space. It serves approximately 40+ tenants across professional services, government, healthcare, construction, and engineering — including MNP, BC Cancer, Sun Life, BC Assessments, Chandos Construction, and Associated Engineering — alongside a consumer-facing layer anchored by the 30-year Kelowna Farmers' and Crafters' Market and Love and Flour.
The underlying technology stack is operational rather than intelligent: Angus property management software for lease and work-order administration, smart/AGILE destination-dispatch elevators, a dark fibre network backbone, and Matterport 3D virtual tours integrated into the leasing funnel. On-site amenities include a gym, boardroom rentals for meetings and events, and programming partnerships (e.g., Esri Canada watch parties).
The business model is a multi-revenue-stream real estate operation. Primary revenue comes from commercial lease income on multi-year office and retail tenancies, augmented by tiered tenant improvement services priced at $150-$225/sf (Gold/Silver/Bronze packages), consumer gym memberships at $29-$55/month, and boardroom and event rentals. Tenant improvement and ancillary amenity monetization function as margin-accretive overlays on the base rent roll. The district is positioned as a Class A, amenity-rich alternative within a market where Stober Group controls 80%+ of Okanagan-region commercial supply, supporting pricing power relative to comparable suburban or secondary-product alternatives.
Landmark District firmographics
Firmographics- Name
- Landmark District
- Legal name
- Stober Group
- Website
- https://landmarkdistrict.ca
- Company type
- Private
- Founded year
- 2022
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Landmark District is a 15-acre, 1M+ sqft mixed-use commercial real estate district in downtown Kelowna, BC, operated by Stober Group, serving 40+ office, retail, government, and professional services tenants alongside a public market and consumer amenities.
- Ownership category
- akta.pro rank
Landmark District industry classification
Industry- Product category
- Commercial Real Estate Leasing
- NAICS
- Real Estate and Rental and Leasing (53)
- SIC
- Real Estate Operators (No Developers) & Lessors (6510)
- akta.pro primary industry
- City Squares, Old Towns & Landmark Districts (THAJACAJ)
Keywords
Where Landmark District is headquartered
LocationHeadquarters
- HQ city
- Kelowna
- HQ country
- Canada
- HQ region
- North America
Offices13 records
Markets served
Landmark District business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Commercial Office Space Leasing: Landmark District generates revenue by leasing office, retail, and restaurant spaces across multiple buildings. Spaces range from small units (~1,100 sqft) to large customizable shell spaces at Landmark 7 (up to 26,000 sqft). Revenue is derived from long-term commercial leases with tenants across diverse sectors.
- Tenant Improvement Services: Stober Group offers in-house tenant improvement (TI) packages (Gold, Silver, Bronze) to customize leased spaces. These are paid upfront or as part of the lease arrangement, providing additional revenue per square foot ($150–$225/sf). The TI service covers design, construction, and finish installation using the company's own trade relationships.
- Amenity Memberships: Tenant-exclusive fitness centre memberships at Landmark 6 ($29/month) and Landmark 7 ($45/month), with a combined Landmark 6+7 combo at $55/month. These generate recurring monthly revenue from tenant users.
- Boardroom Rental: Four fully-equipped modern boardrooms are available for booking by Landmark District tenants and non-tenants, generating per-booking revenue.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Multi-year contract | Gold Tenant Improvement Package — custom upgrades and top-of-the-line finishes including office glass partitions, custom millwork, and innovative technology options. |
| Unit Pricing | Multi-year contract | Silver Tenant Improvement Package — smart modern features with premium floor finishes, acoustical ceilings, and painted MDF/laminate millwork. |
| Unit Pricing | Multi-year contract | Bronze Tenant Improvement Package — quality and value option with durable floor finishes, interior glazing panels, and laminate millwork. |
| Subscription | Monthly | Landmark 6 Gym Membership — exclusive access to the state-of-the-art gym at Landmark 6. |
| Subscription | Monthly | Landmark 7 Gym Membership — exclusive access to the state-of-the-art gym at Landmark 7. |
| Subscription | Monthly | Landmark 6+7 Combo Gym Membership — access to both Landmark 6 and Landmark 7 gyms. |
| Unit Pricing | Pay-as-you-go | Cookie Decorating Class take-home kits (events). |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels8 records
Landmark District product offering
Product offeringCore offering
Landmark District is a 15-acre mixed-use commercial real estate community in Kelowna, BC, leasing office, retail, and restaurant spaces across seven Landmark towers and additional buildings (totaling 1M+ sqft). The offering combines flexible long-term commercial leases with in-house tenant improvement services (Gold, Silver, Bronze packages at $150-$225/sf), tenant-exclusive amenities (gym memberships, boardroom bookings), and the 30-year Kelowna Farmers' and Crafters' Market as a community anchor driving foot traffic for retail and food tenants.
Product overview
Landmark District is a single-property, mixed-use commercial real estate development by Stober Group featuring a unified portfolio of seven Landmark office towers plus retail and amenity spaces. The flagship offering is Landmark 7, a Class A office tower with customizable shell spaces. Supporting amenities include boardroom booking services for tenants and visitors, tenant-exclusive gym facilities at Landmark 6 and 7, and the Kelowna Farmers' and Crafters' Market community event. The district also provides downloadable resources including sample floorplans and digital brochures for prospective tenants.
Differentiator
Problem solved
Functional benefit
Brands
- Landmark District: A 15-acre vibrant community in Kelowna featuring retail, restaurants, and office spaces.
- Landmark 7
- Stober Advantage
Products and services
- Landmark 7 Office Tower Class A office tower offering customizable shell spaces up to 26,000 sqft for lease to enterprise and mid-market tenants seeking premium office space with smart elevators, dark fibre connectivity, tenant fitness centre, modern boardrooms, and convention space.
- Commercial Office Space Leasing (Landmark 1-6, Sutherland, Kirschner Plaza) Long-term leasing of office spaces across the Landmark District's mixed-use buildings (excluding Landmark 7), ranging from small units (~1,100 sqft) to larger customizable suites, targeting professional services, healthcare, education, and consulting tenants.
- Commercial Retail and Restaurant Space Leasing
Quantifiable outcome
- Stober Group manages over 80% of the Okanagan region's commercial supply
- +1 more outcomes
Companies that use Landmark District
Customer profileNamed customers40 records
Segments6 records
Ideal customer profiles4 records
Landmark District technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Landmark District partnerships and signals
Strategic signalPartnerships
Four partnerships are on record, tiered core and minor.
- Stober GroupcoreLandmark District is developed and managed by Stober Group, a family-owned business with 25+ years of experience building in the Okanagan. Stober Group handles property management, tenant improvements, and the overall commercial leasing portfolio. The relationship is parent-ownership (Stober Group owns/develops Landmark District as part of its commercial portfolio representing 80%+ of Okanagan region commercial supply).
- Love and FlourminorLove and Flour is a local cookie decorating business that hosts classes at the Landmark District (venue: Bricks and Mortar, 50-1615 Dickson Ave). Classes include Charcuterie Cookie Decorating and Christmas in July Cookie Decorating, priced at $25 for take-home kits.
- Esri CanadaminorEsri Canada partners with Landmark District to host the Esri User Conference Watch Party at The Innovation Centre, 460 Doyle Avenue. This free event streams the GIS conference plenary live and attracts technology and business professionals to the district.
- Kelowna Farmers' and Crafters' MarketcoreThe market, operating for 30 years, is the district's key community anchor event. It runs bi-weekly (Wednesdays and Saturdays, 8am–1pm, April through October) in outdoor areas throughout the district, drawing residents from across the region and supporting the district's retail and food tenants.
Scale indicators6 records
Recent moves6 records
Expansion highlights5 records
Landmark District competitors and assessment
Company assessmentBroad incumbents
- QuadReal Property Group: Major Canadian commercial real estate owner, operator, and developer with mixed office, retail, and industrial holdings. Closely comparable integrated CRE ownership-and-management model, particularly relevant given QuadReal's BC footprint.
- RioCan REIT: Canada's largest retail REIT with a mixed-use development focus. Comparable in retail leasing, tenant mix curation, and mixed-use property positioning, though at much larger national scale than Landmark District.
- Oxford Properties Group: Large Canadian CRE owner/developer with mixed-use office, retail, and residential portfolio. Comparable in mixed-use development and Class A office positioning, though at far greater scale and geographic breadth than Landmark District.
Direct peers
- Choice Properties REIT: Canadian REIT with a portfolio of retail and mixed-use properties. Comparable retail leasing model, though with grocery-anchored strip retail versus Landmark District's downtown mixed-use community.
- Allied Properties REIT: Canadian REIT focused on Class A office and workspace properties in major urban markets. Comparable in its emphasis on Class A office leasing, workspace amenitization, and urban office tenant mix, similar to Landmark 7's positioning.
- Morguard Corporation: Canadian diversified real estate company owning and operating a mixed portfolio of office, retail, and multi-suite residential properties. Highly comparable ownership-and-leasing model to Landmark District's commercial leasing operations across multiple buildings.
- BGIS Global Integrated Real Estate Management: Canadian-headquartered property management and real estate services firm serving commercial portfolios. Comparable in providing in-house property management, operations, and tenant services across commercial building portfolios.
- First Capital REIT: Canadian REIT focused on grocery-anchored, mixed-use urban properties. Comparable mixed-use urban property model serving daily-needs retail and office tenants, though in metropolitan markets across Canada.
Others
- Colliers International: Global commercial real estate services firm providing leasing, property management, and investment advisory. Adjacent comparator for the property management and leasing services dimension of Landmark District's business.
- Cushman & Wakefield: Global commercial real estate services firm offering property management, leasing, and valuation services. Adjacent comparator for property management and CRE services segments of the Landmark District operation.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat5 records
Key risks5 records
Key highlights7 records
Customer concentration
Landmark District social profiles
Digital presenceLandmark District financial estimates
Financial estimateRevenue estimate
Valuation estimate
Landmark District leadership team
Management profileNumber of profiles
Profiles4 records
Landmark District funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Landmark District M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Landmark District
What does Landmark District do?
Landmark District is a 15-acre mixed-use commercial real estate community in Kelowna, BC, leasing office, retail, and restaurant spaces across seven Landmark towers and additional buildings (totaling 1M+ sqft). The offering combines flexible long-term commercial leases with in-house tenant improvement services (Gold, Silver, Bronze packages at $150-$225/sf), tenant-exclusive amenities (gym memberships, boardroom bookings), and the 30-year Kelowna Farmers' and Crafters' Market as a community anchor driving foot traffic for retail and food tenants.
Is Landmark District a public or private company?
Landmark District is a private company. It is classified as family owned and is currently operating.
When was Landmark District founded?
Landmark District was founded in 2022. It employs 51 to 100 people.
Where is Landmark District based?
Landmark District is headquartered in Kelowna, Canada, in the North America region.
How does Landmark District make money?
Four revenue lines are on record. Commercial Office Space Leasing is the primary driver. The others are tenant Improvement Services, amenity Memberships and boardroom Rental.
Who are Landmark District's main competitors?
Broad incumbents on record are QuadReal Property Group, RioCan REIT and Oxford Properties Group. Direct peers are Choice Properties REIT, Allied Properties REIT, Morguard Corporation, BGIS Global Integrated Real Estate Management and First Capital REIT. Others are Colliers International and Cushman & Wakefield.
Does Landmark District have an API?
No public API is recorded for Landmark District.
What industry is Landmark District in?
Landmark District's product category is Commercial Real Estate Leasing. Its primary akta.pro industry code is THAJACAJ, City Squares, Old Towns & Landmark Districts. Its NAICS code is 53 and its SIC code is 6510.