An Ottawa developer is looking to add a grocery store, restaurant, gas station and other retail shops in a fast-growing corner of the city’s eastern suburbs.
The investment arm of Taggart Realty Management has filed a rezoning application with the city for its property at 2983 Navan Rd., near Page Road, in the Chapel Hill South community.
Taggart says its new development fills a need in the area and argues residents currently have limited shopping and service opportunities in the immediate community.
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Progress can create unlikely allies
There was a time when mining exploration and the environment were like oil and water. Several years ago, I attended social impact investing conferences in America and the U.K. with
In addition to a 36,600-square-foot grocery store, plans for the property also include 32,300 square feet of retail space, three restaurants – including one with a drive-through – as well as a car wash, gas station and 343 parking spaces.
The area’s road network is in the midst of a considerable upgrade. The Brian Coburn Boulevard extension was completed last fall, extending the road between Mer Bleue and Navan roads, and there are plans to extend and reconfigure Blackburn Hamlet Bypass, connecting Brian Coburn Boulevard and Innes Road, according to Taggart’s consultants.
Taggart, which also has affiliated homebuilding and general contracting divisions, currently manages more than a half-dozen retail properties across Ottawa including the Crown Point Plaza in Orléans, the Jackson Trails Centre in Stittsville and the Blue Heron Mall on Bank Street.
Orléans has one of the lowest retail vacancy rates in the city, according to statistics from Cushman & Wakefield Ottawa.
At the end of 2017, the community had a vacancy rate of four per cent, compared to a citywide vacancy rate of 5.5 per cent, the commercial real estate services firm reported.
