Posted Jul 24, 2023, 6:29 PM
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Join Date: Mar 2012
Location: Ottawa
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From the CBC article about high-rise projects in Ottawa.
https://www-cbc-ca.cdn.ampproject.or...line-1.6907968
Quote:
Toronto-based Bayview Group is looking to bring another highrise project to Orléans, the second ever after Brigil's Petrie Landing development. But Bayview's towers would be taller, rising 40, 35 and 30 storeys.
The site just east of Place d'Orléans shopping centre is within walking distance of a planned O-Train station and right in the middle of a city-designated development hub.
Two of the towers would be purely residential, while the third also has office and ground-floor retail. Together they would contain more than 1,000 housing units, including some townhouse-like homes.
A design brief says the towers are inspired by "floating chunks of ice in the Ottawa River," with "prismatic geometries" that evoke the winter landscape.
Sam Gulamani, managing director and general counsel for the Bayview Group, said the project still needs site plan approval from the city. After that, the group will determine whether the units will be condos or rentals.
He couldn't give a specific timeline for when construction would begin after approval. He pointed to financial head winds that make such projects difficult in the short run, from higher interest rates weighing on demand to inflationary pressures on building costs.
"In the long run, we're very confident in Orléans and in this project," he said. "We think that it adds something to the skyline in Orléans that hasn't been there. We also think that there is a shortage of housing, so we're building something that is going to be in demand.
"We don't get the approval just to sit on it," he added. "We get the approval with the intent to build it."
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