Toronto developer wants to build three highrises of 23, 29 and 35 storeys with about 930 residential suites on the former site of the Alterna Savings and Credit Union.
Excavation work recently began on the 30-storey, 250-apartment Soho Italia mixed-use building on Preston Street, just north of Carling Avenue.
Project located on site of former gas station, Eastview Shopping Centre
Ottawa-based real estate firm says the 'vast majority of residents have continued to pay their rent on time during the pandemic.'
Continuing a recent trend, most of the year-over-year increase was driven by construction on the Ottawa side of the river, where overall starts jumped 24 per cent to 740.
The average sale price of a residential-class property was $585,084 last month, up a whopping 20 per cent compared with July 2019.
Controversial proposal now calls for slightly smaller housing footprint and more green space.
Building near the northwest corner of Vanier Parkway and McArthur Avenue would feature 61 units in a mix of one- and two-bedroom suites.
Plan now calls for a 25-storey building with 5,500 square feet of commercial space plus 264 residential units and 160 underground parking spots.
The aggregate price of a house in Ottawa rose 11.7 per cent in the second quarter of 2020 compared with a year earlier, Royal LePage says, but some relief could be in sight.