Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
InterRent REIT says construction of 139 rental apartment units and 1,736 square feet of ground-floor commercial space in the Narono Building at 360 Laurier Ave. W. is “well underway.”
In a revised planning application recently filed with the city, Creative Dev Ventures says it wants to build a 21-storey residential highrise at 1815 Montreal Rd., a few hundred metres east of Blair Road and about a kilometre north of the Gloucester Centre.
With new retail construction at a virtual standstill in recent years as escalating costs and rising interest rates kept developers on the sidelines, the supply of available quality space has all but dried up, CBRE said in its recent Canada retail rent survey.
Uncertainty around the trade relationship between Canada and the U.S. could cause buyers of new homes in Ottawa to once again pull back from the market, one local official warns.