One of Ottawa’s largest real estate firms says it now has cash in hand to proceed with a planned eight-storey mixed-use building in the Glebe.
Minto Group announced Friday it had received a $30-million advance from its apartment REIT to redevelop its site at 99 Fifth Ave., dubbed Fifth + Bank. The 160-suite rental and retail-use project, designed by Toronto’s TACT Architecture, will sit behind a retained two-storey retail-use building on Bank Street and feature a 118-spot underground parking garage.
The site currently features a building with an indoor courtyard and several businesses spread out over two floors, including the Arrow and Loon Pub as well as a dentist, hair salon and eye-care professional.
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From Davos to WGS: The new mindset of global capital, and what it means for Ottawa
Dr. Anirudh “AK” Kumar sits in CarMa’s headquarters at the ByWard Market, still visibly energized despite having landed from Dubai less than 24 hours ago. The founder and CEO of
From Davos to WGS: The new mindset of global capital, and what it means for Ottawa
Dr. Anirudh “AK” Kumar sits in CarMa’s headquarters at the ByWard Market, still visibly energized despite having landed from Dubai less than 24 hours ago. The founder and CEO of
Minto expects to begin construction on the Glebe site in 2019.
Elsewhere, the Minto REIT announced it had acquired two residential properties in Calgary at a total cost of $63.8 million.
