Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
The owners of the newly renovated World Exchange Plaza are bringing in a “well-known” coffee retailer and seeking a restaurant to fill space formerly occupied by the LCBO as they try to keep pace with other downtown landlords that have modernized their properties in a bid to entice workers back to the office.
A new report from Re/Max Canada found that the Ottawa condo market stalled in the first eight months of 2024, with affordability the top concern on the minds of potential buyers.
With an overabundance of empty office space across the city, local experts say it’s time for developers to get creative when it comes to conversion projects.
The capital’s return-to-office rate still lags other major Canadian cities, Colliers said in its third-quarter office market report released Tuesday, in which it noted the city’s downtown office vacancy rate jumped more than a full percentage point from the previous quarter.
In a summary of the site plan control application for the project at 25 Pickering Pl., Colonnade BridgePort says it wants to build two towers of 14 and 28 storeys that will contain a total of 483 residential suites along with “associated underground parking” and ground-floor commercial space.