Tag: Claridge Homes

Top 5 Condo Developers in Ottawa

Historically, Ottawa hasn’t had the same demand for condos as other metropolitan cities. Our demographics didn’t dictate it, our job market wasn’t growing enough (outside of the government), and externalities didn’t put Ottawa on the map. Fast forward to today and things have changed. Baby Boomers are starting to retire and reconsider the value of their massive home against the realities of what they need now and moving forward. Ottawa is being talked about as “Silicon Valley North” with the massive success of Shopify and countless other companies that are about to hit. Nationally, the spotlight is on Ottawa. Toronto and Vancouver have seen major pricing spikes in real estate and declining numbers on livability forcing people to look at alternatives i.e. Ottawa. As a result, condos are a major talking point in the Ottawa real estate market. Not all condos are created the same, which are heavily influenced by the developer. The condo market is evolved and has been shaped by several developers over the decades. Here are the top five condo developers in Ottawa (in no particular order):

Urban Capital

Hideaway Condo Ottawa Exterior Image

Urban Capital brought the trendy feel of Toronto condos to Ottawa. Specializing in the soft loft feel (exposed concrete and high ceilings in a new build), they took the condo market by storm with the three-phase East Market Condos. Based on that success, they went straight into Centretown and cemented themselves in Ottawa with a 24-story high-rise, The Mondrian. Urban Capital’s momentum and popularity were at an all-time high in Ottawa and they had one more gift… ok two, for Centretown. They single handily revitalized Centretown south of Gladstone Av with Central and The Hideaway.

Charlesfort Developments

The Merit - 108 Ligar St Exterior Image Luxury Condos

Charlesfort Developments is the most distinct condo builder in Ottawa. Their art-deco style sets them apart from the pack and leaves a lasting impression wherever they build. Think I’m kidding, what’s one of the only things you can remember on Bronson Ave around the Glebe… the McDonalds? How about that cool building less than a block away? Thank you, Glasgow Condos! Wherever you look centrally in Ottawa, Charlesfort has a presence. The Golden Triangle has the Merit, Old Ottawa East has The Glassworks, and Centretown has Hudson Park, to name a few.

Claridge Homes

Claridge Plaza Condo Ottawa

Claridge Homes is arguably the Condo Developer that has impacted the downtown condo market the most. Founded in 1986, Claridge started out as a home builder before expanding into condos. Today, their main claim to fame is twofold. One, they have shaped the Byward Market condo market into their own. They built York Plaza Condo, Claridge Plaza Phase 1, Phase 2, Phase 3 and Phase 4, 700 Sussex, and (most recently, even though it’s not a condo) the Andaz Hotel. Moving slightly west, Claridge is about to make history. On the corner of Preston St and Carling Ave, a superstructure is being built. The 45-story Icon will be the tallest condo building in Ottawa. The first of its kind, the Icon will redefine the skyline in Ottawa and will spark the redevelopment of Preston St. that is long overdue.

Domicile Developments

Founded in 1976, Domicile Developments made a niche for itself in the low to mid-rise building class. They have primarily built units with lofty features (high-ceiling and big windows), blended with modern finishes. Domicile has built so many good projects over the years, it would take too long to talk about them all. Instead, here are a list of buildings Domicile has built-in popular neighbourhoods inside the Greenbelt:

Centretown:

Old Ottawa East:

Little Italy:

Westboro:

Wellington West:

 

 

Windmill Developments

The Currents Condo Ottawa - 1227 Wellington St W Exterior Image

The final entry on this list is Windmill Developments. Founded in 2003, Windmill set its sights on being the most environmentally friendly developer in Ottawa. Every one of their projects has the esteemed Leadership in Energy and Environmental Design (LEED) certification. In addition, they have produced some landmark projects including The Eddy and Cathedral Hill and have a crown jewel set to launch shortly in Southminster Condos. That said, I think Windmill’s best project was The Currents, on the corners of Wellington and Holland (where the Great Canadian Theatre Company is). Ecstatically pleasing, large floor plans, and rarely an active listing in the building make The Currents a big hit!

Ottawa’s condo market is evolving. These top five condo developers in Ottawa have had a major part in shaping the market, the skyline, and the next generation of developers. They have set a precedent in the market and we can’t wait to see what’s next.

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Royale Condo Ottawa is a new Ottawa condo development currently in pre construction by Claridge Homes in the Byward Market. The development will include 220 units in a 26 storey high-rise building.

Suites at Royale Condo Ottawa will include open concept kitchens with top appliances including a fridge, stove, microwave and dishwasher. Units will also feature expansive windows and individually-controlled seasonal heating and cooling for your year-round personal comfort. In-suite laundry with stackable washer and dryer will also be an added bonus.

Some amenities expected at Royale Condo Ottawa are a boutique gym, business centre, lounge room, indoor pool that is heated year-round and two overnight guest suites.

Royale Condo Ottawa Neighbourhood Guide

Royale Condo Ottawa is located in the Byward Market. Ottawa’s ByWard Market is one of Canada’s oldest markets, established in 1826. It is located in the heart of Ottawa’s downtown, with all the action centred in a six-block radius.  Condominium buildings in the Market boast an ideal living experience for anyone from students to retired seniors. Only five minutes from the University of Ottawa, it is a perfect off-campus housing location for any student. Professionals living in the ByWard Market are only five minutes away from Ottawa’s downtown business core. The ByWard market is the place to sample all dining Ottawa has to offer.  From pasta and pizza to seafood and shawarma, this market has it all. Aside from restaurants, the market itself has dozens of fresh produce stands and many specialty food shops. A 24-hour grocery store is also on site for anyone craving a midnight snack.

The Byward Market contains a vast majority of Ottawa’s nightlife and entertainment.  It’s the perfect place to grab a drink during happy hour or celebrate a night out with friends at any, or many, of the bars, clubs, and pubs.  The Market is also home to concert halls and the ByTowne Cinema. During the spring, summer, and fall the Market is flooded with many stands selling fresh produce, prepared food selections, clothing, flowers, and much more, making Royale Condo Ottawa a great location. Many boutiques allow for a diverse shopping selection.  At the south end of the Byward Market lies the Rideau Centre, walking distance from Royale Condo Ottawa.  This enclosed mall is home to more than 180 of Ottawa’s best stores and services.  Finding a specific need is never a problem in the ByWard Market.

Residents of downtown Ottawa are never restricted to concrete streets.  All neighbourhoods in Ottawa’s downtown centre offer the opportunity to experience the great outdoors while living the city.  Surrounding Ottawa’s centre, nature enthusiasts will find many parks, trails, ski hills, and plenty of water.  Compromising recreation is never a problem – especially with the gym in your condo building. The Market’s central location puts it 5 minutes from Ottawa’s bus station, 5 minutes from the VIA Rail train station, and 15 minutes from the Ottawa International airport.  A large bulk of Ottawa’s bus roots run through the ByWard Market, making Royale Condo Ottawa within easy to access other areas of the city.

More Buildings in the Byward Market

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Centretown Condo Development Update

For the last decade, Centretown has been the condo hub in Ottawa. Some of the most popular condos in Ottawa, such as The Mondrian, TriBeCa, Hideaway, Gotham and Cathedral Hill call Centretown home. However, in the last few years, condo development has predominantly shifted into Old Ottawa East, New Edinburgh, and Westboro.

There is only one new condo building built in the last 3 year, which is set to open this year. Thank you, SoBa! So, what exactly happened to the ever-growing skyline of Centertown? First, we have to go back 12 years ago to 2007. This was the start of the condo boom in Centretown when you could buy a unit in the Mondrian pre-construction for under $200,000! With pricing like that the condo market started to take shape. Every developer was starting to build and frantically looking for more land. Coming into 2009, everyone in the market was making money. Seller’s were naming their price and getting great ROI, Buyers were jockeying for position to get into these brand-new condos, and developers were in helicopters trying to find the next big plot of land. Then, 2011 hit…. Hard… Mike Tyson right hook, hard! The market absorbed all the condos it could at rising prices and then it stopped. That wasn’t good news for all those buyers in the last few years living in dreamland thinking how fast the market was growing and not thinking, “Hey, is this market real or is it going to crash?”. Compounding problems, developers were scheduled to build phases of towers i.e. TriBeCa East and TriBeCa West with a shrinking condo market. Until roughly 2017, most people in the condo market were trying to recover, wait for pricing to get back to what they paid for and then some, while developers were pushing to get rid of 100’s of condos. Fast forward to today. Pricing has mostly recovered and developers have sold out the majority of their inventory. Great news, right?… Not really. Now that the market is getting interesting again, there aren’t any new project’s coming on the market.

Don’t be worried, the team at OC has done some digging and we’ve found 3 projects that should be coming on the market soon!

  1. Moon Condos

Ottawa’s biggest developer, Claridge Homes, has brought you some of the most popular condos in Ottawa, including Claridge Plaza Phase 1, 2, 3 and 4 and TriBeCa West, East and Lofts. They are currently building a purpose-built rental building on Lisgar (The Onyx) and have several plans for Centretown and the Byward Market. That said, they are going to be the first developer to bring a new project to the market in Centretown. Located on the corner of Albert and Lyon (yes, right next to Ottawa’s saviour, the LRT), Moon Condos is set to be built. The site will contain 3 towers, 2-27 storey towers and 1-9 storey tower. Moon Condos will be one of the 2-27 storey towers, with the other tower being purpose-built rentals. The project is being designed by Neuf Architects and will have ground floor retail space (fingers crossed for a Starbucks) and will feature amenity spaces throughout the building. The unit mix will vary from 422 sq ft studio units to 956 sq ft 2-bedroom units. The project is currently reviewing comments by the community and other stakeholders, but the sales centre is built and we expect sales to start this year. For more details on the project, click here.

  1. 180 Metcalfe St

180 Metcalfe St - Future Development Site

180 Metcalfe St – Future Development Site

Arguably Centretown’s most popular condo building, TriBeCa has been a smashing hit with the market. If you want to live downtown there is no more convenient location with a grocery store in the lobby of the building, and steps to Elgin St. What more can you ask for? (A Starbucks? Great idea, just walk to the corner of Elgin and Lisgar and pick up your venti chai latte with extra whip!). Next door to TriBeCa is an art deco style heritage building called the Medical Arts building. It has some of the most amazing architecture but looks worn out. Recently, Jadco bought the building and the massive parking lot in the back is planning something special! They have proposed to keep the existing building, build out the back of the building to have 6 floors of commercial space, likely retail and office, and then construct a 27-story tower of residential. RMA Architects have assisted with the planning and the unit mix varies from 347 sq ft studio’s to 952 sq ft 2-bedroom units. The layouts from the plans to the city look quite promising. A Heritage permit was issued on October 12th, 2018, which means this project will likely go ahead with construction in the next 12-24 months. Unfortunately for all you condo buyers out there, it looks like the building will be designated as a purpose-built rental. Either way, this project is sure to wow all in Centretown. For more details on the project, click here.

  1. 267 O’Connor

267 O'Connor Development Site

267 O’Connor Development Site

SoHo isn’t just the name of a famous neighbourhood in New York City. It’s also the brand name of condos that Mastercraft Starwood has brought to Ottawa. The people that brought you SoHo Lisgar, SoHo Parkdale, and SoHo Champagne are looking to replicate their success with a second condo in Centretown. Located on the corner on O’Connor and Gilmour, the site is primed for redevelopment and would give that part of the neighbourhood a much-needed facelift. The project is proposing 2-27 story towers done in 2 phases with ground floor retail and 4 levels of underground parking. One unique feature of this proposed project is the massive flower bed and miniature park that will separate the buildings and act as an oasis in the heart of downtown. IBI Architects are assisting with the designs of the project. No further plans have been submitted regarding unit mixes, but you can assume the same style of all existing SoHo buildings. The application of the project is still pending with the city since August 6th, 2014. With the condo market starting to take shape again, we hope this project gets going soon. For more details on the project, click here.

 

It’s an exciting time in the condo market, prices are starting to climb, developers have an appetite to build again, and it’s never been a better time to live in Centretown.  Combine that with the popularity of the Ottawa real estate market nationally and globally, we hope condo developments will start to flourish once again.

 

*This information is believed be accurate, but not guaranteed.

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