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Thanks in large part to a spate of acquisitions that have grown its rental inventory, InterRent REIT’s revenues jumped more than 10 per cent in the first three months of 2021 compared with a year earlier. In its first-quarter financial filings released Tuesday, the Ottawa-based real estate investment trust said its funds from operations – a key cash-flow metric for REITs – rose nearly 12 per cent compared with the first quarter of 2020 to $16.2 million.  The company has boosted the size of its portfolio substantially over the past 12 months, acquiring more than 1,200 suites as its tota...

The NCC’s board of directors gave the green light Thursday to the final master concept plan for LeBreton Flats and revealed the three groups that have been shortlisted to build out the first major parcel of land at the prime development site west of downtown.  The agency’s master plan would see 4,000 housing units and nearly a million square feet of retail and office space built over the next 35 years at LeBreton Flats, along with more than 30 acres of parks. The blueprint calls for four distinct “districts,” including a mixed-use neighbourhood near Albert Street that would be anchor...

OTTAWA -- It’s a grand plan for LeBreton Flats. What is one of the most valuable parcels of land in Ottawa, just west of downtown, is one step closer to development. The National Capital Commission unveiled the final concept plan for LeBreton Flats on Thursday, along with announcing the shortlisted groups to develop, "The Lebreton Flats Library Parcel." The one hectare space, a strip of land near the new Ottawa Public Library central library branch and Library and Archives Canada building, will be the first in the redevelopment of LeBreton Flats. The NCC says three development teams ...

Article content The National Capital Commission board of directors on Thursday approved the final concept plan for LeBreton Flats and learned the identities of three development teams competing to build the first part of the modern-day redevelopment of the key federal site. The concept plan sets the development areas and parkland that will be established over 35 years on the 29-hectare land. The mixed-use plan estimates about 7,500 people will live in homes at the redeveloped LeBreton Flats at full build-out, with 12.5 hectares of land dedicated to park space. Twenty-five per cent of homes wi...

The NCC’s board of directors gave the green light Thursday to the final master concept plan for LeBreton Flats and revealed the three groups that have been shortlisted to build out the first major parcel of land at the prime development site west of downtown.  The agency’s master plan would see 4,000 housing units and nearly a million square feet of retail and office space built over the next 35 years at LeBreton Flats, along with more than 30 acres of parks. The blueprint calls for four distinct “districts,” including a mixed-use neighbourhood near Albert Street that would be anchor...