Bertone Development Corp. says it wants to build a 26-storey tower with 243 rental apartment units and 8,300 square feet of retail space near the National Research Council's main campus.
Developers appear to be working overtime to play catch-up amid surging demand for inventory in the capital’s red-hot housing market.
Ottawa developer best-known for building and managing rental properties bought out Trinity Development Group's share of project last year.
Glenview Homes and Taggart Realty Management want to build a 27-storey tower with 295 apartment units and 1,300 square feet of ground-floor retail space.
Azure Urban Developments wants to build a 25-storey highrise with 264 apartments and 160 underground parking spaces at 2070 Scott St.
The average residential-class property in the capital sold for $741,000 in May, an increase of 35 per cent over the same month a year ago.
Proposal would see owners of residential properties that are vacant more than 184 days a year pay a one per cent tax tacked onto their annual property tax bill.
Marc Varadi's firm, Rimap Development, has a growing portfolio of projects in the capital that also includes another downtown hotel and an apartment highrise in Centretown.
Montreal's Rimap Development says it wants to convert the heritage building at 126 York St. into a 214-suite hotel and build a highrise with 280 apartment units beside it.
Local builders started work on 588 new units on the Quebec side of the river last month, accounting for the lion’s share of the year-over-year growth across the region.