Cadillac Fairview begins building of its first residential rental undertaking

288 unit constructing linked to CF Rideau Heart

Ottawawe And on 5 Dec. 2022 /CNW/ – Cadillac Fairview (CF) is happy to announce the graduation of building on a 288-unit rental property linked to the CF Rideau Heart, the biggest shopping center in…Ottawa And likewise the busiest.

Rideau Registry Residences, wholly owned by CF, represents the corporate’s first main funding in a residential rental growth in Canada. Building will start this fall, and at this time’s announcement displays CF’s technique to increase and diversify its Canadian actual property portfolio by ramping up its current mixed-use belongings.

Along with rigorously designed rental flats and in depth facilities, the undertaking will embrace the transformation of the historic metropolisOttawa to a contemporary café bistro, important enhancements to the general public space and improved entrance to the Mall. The constructing can be seamlessly linked to the CF Rideau Centre. Thus, you’ll present unparalleled entry to procuring, eating and leisure, in addition to direct entry to town’s many public transportation choices, together with the O-Prepare.

“Rideau Registry Residences will provide a singular rental product that may stand out as essentially the most fascinating deal with inOttawaBy revolutionary designs, configurations, complete facilities {and professional} administration” Wayne BarwaysSenior Vice President of Improvement, Cadillac Fairview. “Equally necessary is that we’re proud to proceed to assist create a vibrant, linked neighborhood in downtown Ottawa.”

The rental housing growth on the CF Rideau Heart is the subsequent section of an bold redevelopment program that started seven years in the past, when CF invested $360 million to rework and revitalize the property, together with via a four-level enlargement, a brand new meals court docket and a whole redevelopment, together with This features a vary of enhancements and upgrades, new public artwork installations and a reconstructed footbridge over Rideau Road.

The redevelopment additionally launched a brand new wing, which included the historic Ogilvy Constructing. Likewise, the preservation of the historic log workplace and its incorporation into the brand new housing is a superb alternative to rejoice this historic constructing by presenting it as an necessary a part of the residential growth.

“CF is happy that the historic registry workplace has new life and function as an necessary facility inside the Rideau Registry residences,” added Mr. Barways. “We’re proud to have included the historic registry workplace within the design of the brand new residential constructing, rigorously integrating this historic gem with state-of-the-art structure to create an exquisite new constructing that’s certain to grow to be a characteristic of the Ottawa skyline.”

Concerning the Cadillac Fairview

Cadillac Fairview (CF) is a world actual property funding agency that owns, manages and develops industrial, workplace, residential, industrial and mixed-use properties. Wholly owned Academics Pension SchemeOntarioCF operates greater than $42 billion in belongings within the Americas and the UK, and plans to increase into Europe And in Asia. Internationally, CF invests in communities with like-minded companions, incl Stanhope in the UK, Lincoln Properties in america, and Multiplan in Brazil.

The corporate’s Canadian portfolio contains 68 prime properties, together with Toronto Dominion Centre, CF Toronto Eaton Centre, Deloitte Tower, CF Carrefour Laval, CF Chinook Heart and CF Pacific Centre. CF frequently strives to make a optimistic affect on the communities wherein it operates by fostering social bonds, development and a sustainable future – and its raison d’être is to rework communities right into a vibrant future.

Study extra at and observe CF on LinkedIn.

Supply: Cadillac Fairview Restricted