Four old homes at the northwest corner of Richter Street and Cawston Avenue could be replaced with a six-storey, 73-suite apartment building.
Innocept Developments has submitted an application to the city to consolidate and rezone the properties so the project can move forward.
"The north end of downtown Kelowna is undergoing substantial redevelopment as the downtown core continues to evolve into a medium to higher density area," the company's application states.
Plans call for 19 two-bedroom suites, 15 one-bedroom units and 30 studio apartments.
A lane off Cawston would be closed so the development can straddle the four properties. After review by city staff, the application will eventually reach city council.
As a rezoning and development variance permit are being requested, interested members of the community will have the chance to address council at an as-yet unscheduled public hearing.