Albert-based homebuilder Rohit Group of Companies broke ground on a five-storey, 51-unit rental complex in Bells Corners Tuesday and expects to complete additional projects in the Ottawa area over the next several years.
In a news release, Rohit CEO Radhe Gupta said the company is excited to make its first foray into the Ottawa real estate market.
“The Ottawa and Ontario markets are diverse, growing and offer significant opportunities that align with our expertise and affirm our intentions to become a long-standing member of this community,” he said.
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Located at 42 Northside Rd. in Bells Corners, the complex called The Level is designed to offer upscale rentals at an affordable price.
“Rohit’s years of experience and agile approach is evident in their ability to maximize and innovate every square foot of the project. Future renters are going to benefit from their smart design and commitment to quality,” said Erik Rossmann, co-founder and chief strategy officer at Gatineau-based Rossmann Architecture, which collaborated with Rohit on the project.
Other regional collaborators included Kollaard Associates Inc., Cleland Jardine Engineering and D-Squared Construction.
The property will include a two-level underground garage, EV charging stations and bicycle parking. Rental units will include in-suite laundry, private outdoor space, and access to a lounge and gym area.
According to the company, the “stick-frame” or wood-frame construction has a smaller carbon footprint than steel, glass or concrete structures and can act as a carbon store to keep greenhouse gases out of the atmosphere.
Rohit has established a permanent office in Ottawa-Gatineau and has additional growth plans in the area, said Akash Sinha, director of acquisitions and development.
“(Rohit) is projecting the construction of at least 900 units over the next six years,” said Sinha. “We are especially looking forward to sharing details on Rohit’s next project, The Horizons at Crystal Bay. We believe this flagship development will continue to build on what we achieve with The Level and will cement our place in the Ottawa market.”
Headquartered in Edmonton, Rohit operates in eight Canadian markets, including Calgary, Edmonton and Regina, and develops about a million square feet of construction annually.