CBRE is projecting Ottawa’s average hotel occupancy rate to rise to 48 per cent next year, up from 30 per cent in 2020 and a forecasted 34 per cent in 2021.
Proposal calls for 293 rental units at 1071 Ambleside Dr., just north of Richmond Road and about 400 metres west of the future New Orchard LRT station that’s now under construction.
Real estate firm wants to build a six-storey rental complex in Centretown that would keep part of an existing century-old dwelling but have no space for residents to park.