Cadillac Fairview begins construction on its first residential rental project

288 unit building connected to CF Rideau Center

Ottawawe and the on 5 Dec. 2022 /CNW/ – Cadillac Fairview (CF) is pleased to announce the commencement of construction on a 288-unit rental property connected to the CF Rideau Center, the largest shopping mall in…Ottawa And also the busiest.

Rideau Registry Residences, wholly owned by CF, represents the company’s first major investment in a residential rental development in Canada🇧🇷 Construction will begin this fall, and today’s announcement reflects CF’s strategy to expand and diversify its Canadian real estate portfolio by increasing its existing mixed-use assets.

In addition to carefully designed rental apartments and comprehensive amenities, the project will include a transformation of the historic city.Ottawa to a modern café bistro, major improvements to the public area and improvements to the shopping entrance. The building will be seamlessly connected to the CF Rideau Centre. This gives you unparalleled access to shopping, dining, and entertainment, as well as direct access to the city’s many public transportation options, including the O-Train.

“Rideau Registry Residences will offer a unique rental product that will emerge as the most sought-after address inOttawaThrough innovative designs and configurations, comprehensive amenities and professional management” Wayne BurrowsSenior Vice President, Development Cadillac Fairview🇧🇷 “Equally important, we are proud to continue to help create a vibrant, connected community in downtown Ottawa.”

The rental housing development at the CF Rideau Center is the next stage in an ambitious redevelopment program that began seven years ago, when CF invested $360 million to transform and revitalize the property, including through a four-level expansion. , a new food court, a complete redevelopment including a number of improvements and upgrades, new public art installations, and a reconstructed walkway over Rideau Street.

The renovation also introduced a new wing, which included the historic Ogilvy Building. Likewise, preserving the historic record and incorporating it into the new housing is an excellent opportunity to celebrate this historic building, and present it as an important part of the residential development.

“CF is pleased that the historic registry office has been given new life and purpose as an important facility within the Rideau Registry residences,” added El-Sayed. parroys. “We are proud to have included the historic Notary Office in the design of the new residential building, and have carefully combined this historic gem with cutting-edge architecture to create a beautiful new building that is sure to become a hallmark of Ottawa. horizon.”

About the Cadillac Fairview

Cadillac Fairview (CF) is a global real estate investment firm that owns, manages and develops commercial, residential, industrial and mixed-use real estate. Wholly owned Teachers Pension SchemeOntarioCF manages more than $42 billion in assets across the Americas and the United Kingdom, and plans to expand into Europe And in Asia. Internationally, CF invests in communities with like-minded partners, incl Stop in the UK, Lincoln Properties in the US and Multiplan in Brazil.

The company’s Canadian portfolio includes 68 prime properties, including Toronto Dominion Centre, CF Toronto Eaton Centre, Deloitte Tower, CF Carrefour Laval, CF Chinook Center and CF Pacific Centre. CF constantly strives to make a positive impact in the communities in which it operates by fostering social bonds, growth and a sustainable future – and its raison d’être is to transform communities into a vibrant future.

Learn more at www.cadillacfairview.com and follow CF on LinkedIn.

Source: Cadillac Fairview Limited