Tag: Soho Champagne Condo Ottawa

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.

Read more
Little Italy Neighbourhood Guide

Electric, vibrant and one of Ottawa’s favourite neighbourhoods, Little Italy, is not so little anymore. From it’s small and modest beginnings to an integral cultural hub in Ottawa, featuring trendy boutiques, fine dining, and luxury living, Little Italy has seen exponential growth in recent years. While this neighbourhood has grown and expanded over the years it hasn’t lost its charm and tight-knit community appeal.

Let’s take a closer look at Little Italy’s past, present and future. . .

PAST

Little Italy first got its start when Italian immigrants originally settled into the area in the early 1900s. The second wave of immigrants then settled in the area over a decade later, around 1913. It was at this time that the Italian community founded the St. Anthony of Padua Church, which quickly became the cornerstone of the Italian community.

What was once a predominately Italian community soon became home to Irish, French and Asian descendants, making Little Italy an inclusive, vibrant, multi-ethnic community, that is home to many.

While Little Italy is home to an array of cultures and ethnicities, the heart and core of the community is still very much Italian and proudly so. The community hosts Italian heritage festival and events each year, with it’s the major one being the Italian Week Festival that has taken place each year since 1975.

In honour of its Italian heritage, the community has also given two predominant streets in the neighbourhood Italian street names. Preston Street, which is viewed as the main artery through Little Italy has been given the name Corso Italia, and Gladstone Avenue, another main artery, is honoured as Via Marconi.

PRESENT

Currently, home to festivals, boutiques, restaurants, and a unique energetic vibe, Little Italy is an electric community that is thriving, and everyone wants to be a part of this urban oasis right here in Ottawa.

As briefly mentioned above, Italian Week Festival which has been taking place since 1975 is a major celebration every year that draws thousands upon thousands to flock to Little Italy. This festival brings guests from near and far and offers them the opportunity to “be Italian” and honour all the Italian culture, history, art and food that the neighbourhood has to offer.

If you’re are a foodie and also into the restaurant scene, Little Italy is the place to be. With a wide range of options catering to everyone, this neighbourhood is a great place to be whether you’re looking for a fine-dining experience or a place to meet up for brunch. Italian food, French food, Greek food, Thai food or Indian food, it’s really all here. There are so many great options in Little Italy, some popular ones include; Giovanni’s, EVOO Greek Kitchen, Flap Jacks Pancake Shack, RAW Pulp + Grind, Two Six {Ate}, Pure Kitchen, Stoneface Dolly’s, Pub Italia, The Moonroom, Heart & Crown, and Di Rienzo Grocery & Deli, just to name a few.

Not just for the foodie and restaurant connoisseur but also for those who want to have a good time. Home to some great entertainment including, Absolute Comedy, Murder Mystery Ottawa and the Gladstone Theater, it is never a dull moment. Or looking for a place to get your sweat on, this neighbourhood features yoga studios, martial arts gyms, and a number of fitness studios.

Be it summer or winter, Little Italy is ideal for any season! In the summer Preston Street is lined with patios and Dows Lake is just at the end of the street, along with bike paths and the canal to enjoy. In the winter heading to Dows Lake to go skating and then making your way up Preston to grab a hot drink is a Capital tradition not to be missed out on.

Little Italy is ideally situated in walking distance to Dow’s Lake and neighbouring neighbourhoods, including’ LeBreton Flats, Hintonburg and Centretown. With events such as Winterlude, Bluesfest and the Tulip Festival just minutes away everything you could ever need is all at your fingertips.

Even with all the expansion and continued development, Little Italy has managed to keep its community charm that has drawn many people to the neighbourhood in the first place.  With many of the businesses in the community family owned and run, Little Italy still has the same charm and welcoming feeling today as it did when the community first got established, making it an easy place to feel like you’re right at home.

Current developments in the area are offering residences a chance to live in one of Ottawa’s most loved neighbourhoods.

Claridge Icon

Currently under construction, Claridge Icon will be an astounding 45 stories offering amazing views of the city.  Under the design of one of Canada’s most distinguished architect firms, Hariri Pontarini, Claridge Icon is adding an extra oomph to Little Italy. Offering one and two bedrooms to it’s residences; one-bedroom units start at $598/sqft, one bedroom plus den at $592/sqft and two bedrooms at $639/sqft making the building average at $609/sqft.

Sky Condos

Sky Condos, a Richcraft group development, is currently in it’s planning phase and will soon be offering Little Italy Ottawa’s tallest residential building. The development will actually be comprised of a trio of towers which in total will create Sky Condos. With a staggering 1,120 units, ground floor commercial space and a large plaza, Sky Condos are going to be offering so much to the Little Italy community.

SoHo Italia

Right at the gateway of Little Italy comes SoHo Italia. Offering mesmerizing views of Dows Lake, a convenient location to all the action and a place for its residences to work, live and play. SoHo Italia is bringing luxury 21st-century condo living right to Little Italy.

SoHo Champagne

SoHo Champagne, offering city living at its finest right in Little Italy. The epitome of luxury and high-end living offered, SoHo Champagne will be redefining the condo game in not just Little Italy, but in all of Ottawa. Floor-to-ceiling windows and skyline views that can’t be beaten, SoHo Champagne has one bedroom units starting at $499/sqft, two bedrooms at $507/sqft, rounding out the building average to $503/sqft.

Hom

From fitness studios, terrace retreat gardens to dog washing stations, Hom truly is home. Entirely LEED silver certified, Hom offers its residences an impeccable standard of living quality. Steps away to all the restaurants, shops, and fun Little Italy has to offer and with numerous suite options, there is something for everyone. An average one bedroom is $455/sqft an average 2 bedroom runs at $435/sqft, making the building average $445/sqft.

Radcliffe

With views of Dow’s lake and Queen Juliana Park you might never want to leave the Radcliffe, but with a location just minutes from some of Ottawa’s hotspots, including, Little Italy, it is fun to venture out. Minutes from Little Italy, residences of the Radcliffe get to enjoy all the latest foodie places to eat, hit the trendy shops, hop on the walking and bike trails and soak up the community vibes. The Radcliffe offers one bedroom suites at $499/sqft and two bedroom suites at $507/sqft making the building average $503/sqft.

Norfolk

Norfolk offers high-rise living, steps from Little Italy and Dows Lake. Featuring an exercise center, party room, security, storage lockers and suites completed with the finest of detail. Norfolk Condo has various suites available that suit every need. One bedroom units averaging at $443/sqft and two bedrooms units averaging $415/sqft. The building average at Norfolk runs at $429/sqft.

170 Preston

Right in the heart of Little Italy, One Seventy Preston offers 15 condominium suites and stands at five stories tall. Recently completed in 2018, One Seventy Preston is featuring the latest in boutique condo living. Large floor-to-ceiling windows, private balconies, and a rooftop terrace are only a few of the perks for residences who choose to make One Seventy Preston their home. With exquisitely detailed floor plans and two bedroom suites averaging at $417/sqft, One Seventy Preston is a gem in the core of Little Italy.

FUTURE

New LRT Stop

The New LRT will have a stop right in the heart of Little Italy, on Gladstone, making this area even more of a hub than it currently is. The LRT stop is going to bring people, businesses and a mass amount of development to this community. It will now be easier than ever for members of the community to commute around town. It will also add ease for tourists and others to explore this cultural gem right in the Capital. With the increased foot traffic, the number of businesses increasing and development perspective soon to come, this neighbourhood is going to become more of a hotspot than it already is.

The LRT is going to give the residences in Little Italy and Ottawa an efficient, modern and more economical transit system that meets the current needs of our city and has the ability to meet future needs as well. The LRT is a smart investment in our city and will allow for manageable growth in the future. The potential for Ottawa that follows the Light Rail Transit system is undeniable. The LRT is transforming Ottawa and Little Italy is lucky to be at the forefront of such an inaugural expansion and forward moving initiative.

 

Rich with history, culture, and a vibrant beat, Little Italy’s future is brimmed with so much potential. With the soon-to-be LRT stop, condo developments and a steady attraction of both locals and tourists, Little Italy is marking itself on the map more and more. From small beginnings to extraordinary growth and community development, Little Italy is stealing the show in the Capital, and we are okay with that!

Read more

WE KNOW CONDOS

ottawascondominiums.com

Log in to become a Condo Insider and gain access to exclusive features.

Authorization

Registration

WE KNOW CONDOS

ottawascondominiums.com

Become a Condo Insider and gain access to exclusive features.

*
*
I have read and accept Terms of Service and Privacy Policy

I want to receive the OC Insider Newsletter. It’s free and you can opt out at any time.

Exclusive Features for Insiders
  • Floor Plans
  • Neighbourhood Insights
  • Email listing alerts
  • Insider Newsletter

WE KNOW CONDOS

ottawascondominiums.com
If you cannot login because you gave forgotten your password, please enter your email address in the field below
Exclusive Features for Insiders
  • Floor Plans
  • Neighbourhood Insights
  • Email listing alerts
  • Insider Newsletter
Contact