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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In a tough economy, investing in community is more important than ever
When finances are tight, it might seem counterintuitive to give back, but supporting our most vulnerable neighbours this holiday season can actually help businesses weather their own challenges. At United
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.
