Owners of the Vittoria Trattoria restaurant want to rebuild the William Street property with a four-storey addition that would feature 16 hotel units.
It's the second major deal for an Ottawa-area property the global investment firm has announced this week.
New 25,000-square-foot facility will feature a makerspace as well as design studios, workshops and meeting areas.
With relatively little new retail space under construction that’s poised for an imminent delivery, the storefronts currently being vacated should be quickly absorbed once the economy rebounds.
Real estate firm says Ottawa’s office availability rate rose to its highest level in three years last quarter.
Consultant says employers might look to open satellite locations away from downtown as more people seek to work in less crowded settings closer to home.
Economic slump prompted more tenants to shed space or take a wait-and-see approach to jumping into the market in the third quarter, real estate firm CBRE says.
Home deliveries of adjustable desks and chairs are keeping crews busy at leading local company.
Capital's location between Toronto and Montreal makes it a sought-after site for retailers looking satisfy growing demand for same-day deliveries, Anthony Broccolini says.
"Floodgates will open" once a vaccine is found, owner of two local facilities predicts despite news that one of the industry's biggest companies has filed for creditor protection.