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Development

Canadian developer shares details of mega project in Seattle

Posted in Development, Housing, Newsworthy

Canadian developer shares details of mega project in Seattle

Four towers up to 400 feet tall would rise from a prominent corner in Seattle’s South Lake Union area under a proposal put forth by a Canadian developer. This week an official of the company, Onni Group, answered questions about the proposal that Onni is calling the Seattle Times project. It’s named for the Fairview Avenue North and John Street location where The Seattle Times newspaper operated for eight decades before selling two blocks to Onni and moving to nearby leased space...

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Vancouver sees country’s biggest jump in apartment construction prices: StatsCan

Posted in Development, Housing, Newsworthy

Vancouver sees country’s biggest jump in apartment construction prices: StatsCan

Construction prices for apartment buildings in the Vancouver census metropolitan area (CMA) increased 3.2% according to Statistics Canada data released May 13, which is the highest growth in the country. This is 1.7 percentage points higher than the national average of 1.5%. Manley McLachlan, president of the British Columbia Construction Assocition, said this growth is a combination of increases in the costs of materials, equipment and labour. “We’ve seen a resurgence of private sector...

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Canadian developer shares details of mega project in Seattle

Posted in Development, Housing

Canadian developer shares details of mega project in Seattle

Four towers up to 400 feet tall would rise from a prominent corner in Seattle’s South Lake Union area under a proposal put forth by a Canadian developer. This week an official of the company, Onni Group, answered questions about the proposal that Onni is calling the Seattle Times project. It’s named for the Fairview Avenue North and John Street location where The Seattle Times newspaper operated for eight decades before selling two blocks to Onni and moving to nearby leased space...

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Rental apartment construction set to boom

Posted in Development, Housing, Industry Trends, Newsworthy

Rental apartment construction set to boom

Some of Canada’s biggest real estate owners, from pension funds to REITs to insurers, are showing more interest in developing new apartment buildings in major cities than they have in decades, a phenomenon that could change the way renters live. The emerging trend comes in the face of what industry players characterize as a near-perfect storm: The cost of buying older apartment buildings has jumped; financing for new construction is relatively inexpensive due to low interest rates; rental...

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Ottawa: Planning committee OKs Baseline towers proposal

Posted in Development, Housing, Newsworthy

Ottawa: Planning committee OKs Baseline towers proposal

Ottawa’s planning committee approved a development proposal on Baseline Road, just east of the Queensway-Carleton Hospital, after three years and many revisions to the developer’s first proposal for the property. The proposal by Brigil Construction for two properties at Baseline Road and Sandcastle Drive calls for 504 residential units in three highrise and one midrise building. The highrise buildings, at heights of 10, 13 and 16 storeys, would be connected by a base featuring a...

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MONTRÉAL: FIRST MAJOR RESIDENTIAL RENTAL PROJECT IN OVER A DECADE

Posted in Development, Housing, Newsworthy

MONTRÉAL: FIRST MAJOR RESIDENTIAL RENTAL PROJECT IN OVER A DECADE

Partners Devimco, Fonds immobilier de solidarité FTQ and Cogir Management Corporation are pleased to announce the official launch of L’Hexagone, a unique residential development project in Montréal. Nestled in the heart of historic Griffintown, the $66 million 15-storey building will offer 257 rental units and 28,000 sq. ft. of leasable commercial space. With construction already underway, the developer will be opening a rental office in the next few months and occupancy is slated for...

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Calgary: Downtown condo boom includes rental market

Posted in Development, Housing, Newsworthy

Calgary: Downtown condo boom includes rental market

It is reminiscent of the condo boom of a few years ago but today’s real estate construction frenzy has one major difference. Nearly half of all proposed or under construction developments in the downtown area are for rental use. Figures supplied to the Herald from the Altus Group Limited indicate there are 2,184 proposed condo units, 2,038 in the pre-construction stage and 1,762 under construction for a total of 5,984 in the combined area of Eau Claire, West End, East Village, Downtown and the...

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Oakland artist repurposes trash into vibrant houses for the homeless

Posted in Development, Health & Safety, Housing, Newsworthy

Oakland artist repurposes trash into vibrant houses for the homeless

The necessity to shelter the homeless is a prevalent and widespread reality for many urban areas, including oakland, california, the hometown of american artist gregory kloehn who is using his creative capacity as an action for change. as the founder of the ‘homeless homes project‘ — a community driven initiative — kloehn has realized a low-cost, practical and imaginative solution for the construction of habitable shelters for those living on the streets. he combs through heaps of illegally...

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Going Dutch: Perspectives on Toronto planning and design from the Netherlands

Posted in Development, Housing, Industry Trends, Recreational

Going Dutch: Perspectives on Toronto planning and design from the Netherlands

Postcards of Amsterdam display a city that looks like it’s got a good grip on how to plan an urban space: it’s full of cafes, canals and countless pedestrians and cyclists. Joeri van den Steenhoven, the Director of the MaRS Solutions Lab, chaired a panel discussion on May 7th tackling urbanism in Toronto with special guests from the Netherlands. “A Dutch perspective on Toronto’s future, urban planning and design” brought together Maarten Hajer, the head of the Dutch National Institute for...

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BMO: Alberta economy ‘well above’ the rest of Canada, leads all provinces in growth

Posted in Development, Finance, Housing, Industry Trends, Newsworthy

BMO: Alberta economy ‘well above’ the rest of Canada, leads all provinces in growth

Alberta’s economy is strong, and sits well above the rest of Canada. That assessment comes from a new BMO report which notes Alberta is the only province in the country where economic growth is projected to rise above three per cent. “Real GDP is expected to grow 3.5 per cent this year — or 1.2 points above the national average — with expected growth topping three per cent again in 2015,” said senior BMO economist Robert Kavcic. Meanwhile, employment growth in Alberta is running at four per...

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