Business group calls for regular updates on multibillion-dollar project after survey points to widespread ‘concern’ about plan’s long-term prospects
Total investment sales expected to reach $2B in 2018.
Group expected to bring together urban planners, architects, engineers, lawyers and academics with an interest in planning and development issues.
Despite limited sale activity in the second quarter, investor demand for commercial real estate assets in Ottawa remains strong.
Purchase price is approximately four per cent less than market value.
Experts say scarcity of existing buildings could spark speculative builds.
Sears previously occupied more than a third of Carlingwood's leasable space.
The company confirmed this week it is pulling up stakes from its longtime home in the Kanata North business park and moving to new, larger digs at 770 Palladium Dr.
Overall vacancy rate in the core stood at about eight per cent in the second quarter of 2018, down from more than 11 per cent a year earlier
Another prominent hotel chain is planning to add to the ByWard Market’s stable of accommodations with a new lodging near the Andaz Hotel