Coverage commercial, industrial and residential real estate, breaking news on land development, major projects, and trends impacting real estate in the Ottawa area.
Colonnade BridgePort chief executive Hugh Gorman says the company has “five to 10 years’ worth” of multi-residential development projects in its pipeline and hopes to get a few of them off the ground later this year or early in 2025.
Smart Living Properties plans to construct a nine-storey building with 421 rental apartments at 112 and 134 Nelson St., just north of Rideau Street and a block east of King Edward Avenue.
While markets along Highway 401 are benefiting from strong demand for industrial properties, areas like the Ottawa Valley are seeing a slower recovery for commercial real estate post-pandemic.
Moderated by Jennifer Cross, a senior executive at Marant Construction’s Ottawa office, the event – dubbed “Back to Business” – offered advice to employers trying to figure out the best approach to structuring their workplaces in a post-pandemic world.
The Canadian Real Estate Association says January home sales jumped 22 per cent compared with a year ago, the largest year-over-year gain since May 2021.
The Taggart Group of Companies hopes to break ground on the project at 989 Somerset St. and 186 Spruce St. within the next 12-24 months, “assuming favourable economic conditions,” chief operating officer Derek Howe said in an email to OBJ.