The proposed towers are part of Claridge’s East Flats project, which calls for up to five highrises that will include more than 1.5 million square feet of residential space.
The REIT said it had collected 97 per cent of this month’s total rent owing as of April 14, which it called “a level consistent with its normal collection cycle.”
A group of Ottawa business organizations is calling for more government aid for tech, tourism and other sectors that have been dramatically affected by measures to combat the COVID-19 pandemic.
OBJ publisher Michael Curran recently gathered a panel of local business leaders to determine how Ottawa is faring amid the COVID-19 pandemic and ensuing economic crisis.
Home sales in Ottawa plummeted more than 60 per cent in the first two weeks of April compared with a year earlier, while a major realty firm is predicting prices will remain stagnant through the rest of 2020.