A recently announced community housing project in Little Italy has a prominent neighbourhood developer and property manager eagerly anticipating the incoming growth in foot traffic.
Sakto Corp.’s Preston Square, a mixed-use development featuring numerous local businesses and eateries, is minutes away from Gladstone Village, the name given to the impending mixed-income, affordable housing neighbourhood at 933 Gladstone Ave.
Ottawa Community Housing announced in May that it had purchased the plot of land between the O-Train Trillium Line and several residential roads off of Preston Street from the federal government for $7 million.
Sakto president and CEO Sean Murray lauded the incoming density in the area in a statement on Tuesday, citing the prospect of a new French-language school and new residents as boons to the nearby Preston Square.
"This new community and school will increase foot traffic and bring visitors to an already vibrant and growing Ottawa neighborhood,” he said.
Mr. Murray is not alone in his support of the announced development. Lori Mellor, executive director of the Little Italy BIA, told OBJ in June that she supports the Gladstone Village project, with a wishlist that includes a grocery store and LCBO on the site, as well as public space for events and farmer’s markets.
Sakto Corp. also indicated in its release that the future Gladstone LRT station, located adjacent to Gladstone Village, will open up transportation corridors to Little Italy, making way for more visitors in the area.