The Ottawa developer behind the $250-million William’s Court at Kanata Lakes rental complex has cleared a major hurdle towards constructing another apartment building on a neighbouring property.
In a letter published Monday, city staff approved the site plan application submitted last spring by consultants acting for developer Lépine to construct a 154-unit residential building at 1136 Maritime Way, just north of Highway 417 and less than a kilometre east of the Kanata Centrum Shopping Centre.
At its tallest point, the building will be eight storeys with incremental reductions in height to four storeys.
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Last spring, Lépine finalized the sale of the remaining two buildings of the William’s Court development and exited its investment. The cumulative value of the five-building complex, which was sold in stages to to Killam Apartment REIT and KingSett Capital, was $250 million.
