Organization says it wants to retain the facade of its three-storey office at the corner of Lewis Street and the Queen Elizabeth Driveway and build a nine-storey building with 66 residential units.
The Ottawa-based REIT reported funds from operations of $11.9 million in the three-month period ending June 30, down from $12.7 million a year earlier.
The prolonged work-from-home experiment – and questions about where employees will want to work, post-pandemic – is leaving many businesses unsure of their future office needs.
Anchor provides HVAC services, water heaters and products such as humidifiers and filtration systems to customers in the National Capital Region and other parts of eastern Ontario.
Ottawa-based firm said its funds from operations – a key cash-flow metric – rose 16.5 per cent compared with the second quarter of 2020 to $17.8 million.