Residential

Ottawa developer recently filed a proposal to build two towers of 28 and 30 storeys at 267 O’Connor St., between Gilmour and MacLaren streets.

The move allows Minto to fast-track the process of issuing new units on the Toronto Stock Exchange as a means of raising capital to acquire more property. 

The development would include a total of 521 suites in a mix of studio, one-, two- and three-bedroom units, plus underground parking with paid spots reserved for the public.

Board says the number of condos listed for sale is 25 per cent higher than a year ago, and properties are staying on the market longer. 

The REIT is providing $11.9 million for a joint venture between Minto Properties, and a subsidiary of B.C.-based Darwin Properties to build the first phase of a master-planned community in North Vancouver.

The average sale price of a home in Ottawa was $524,956 in the first 10 months of 2020, brokerage said Tuesday, up 19.2 per cent from a year earlier.

The 6.65-acre property is now home to an abandoned industrial building previously owned by dairy giant Saputo.

Developer is proposing a nine-storey mixed-use building that will incorporate the shuttered 1930s-era gas station at 70 Richmond Rd. into the design.

Firm says it’s buying a 50-suite apartment building at 141 Augusta St., just east of the ByWard Market, and the Surrey Place and Hunter’s Point complex south of Hunt Club Road.

Urban Capital filed an application last fall to demolish the well-known Centretown watering hole and build a 128-unit apartment complex.