Zyer Developments wants to restore the building at 285 McLeod to its "original appearance and detailing” and build a new eight-storey apartment development over top of it.
Katasa Group's plan is anchored by a 26-storey highrise that would feature more than 80 rental units targeted at students and an additional 150 rental suites in the floors above.
A resurgence in sports tourism is expected – in part, due to a set of new state-of-the-art sports facilities opening in the community.
It's the third month in a row that new builds lagged behind their pace of a year ago.
KingSett Capital is now sole owner of the region’s second-largest shopping mall after purchasing Ivanhoe Cambridge’s 50 per cent stake in the west-end plaza.
Investors spent a total of $767-million on Ottawa commercial properties from April to June, the real estate firm said in its latest report.
“It all depends on what the community wants there and what we can actually achieve. There’s a lot of potential to this site.”
Overall sales in Ottawa were down compared with 2020 for the second straight month.
“It’s extremely rare you would see something of this scale and quality ever surface in a market like Ottawa, which is pretty tightly controlled"
Crestpoint Real Estate Investments closed the deal with Ottawa’s Huntington Properties earlier this month. The four buildings, totalling about 220,000 square feet, are all leased to single tenants.