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.
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.