Centennial Developments Corp. says the building on Bayswater Avenue near the intersection of Somerset Street West would feature 40 units.
Homestead Land Holdings recently filed an application with the city to construct a 25-storey building with 235 apartment units near two existing highrises at 1300 McWatters Rd.
The decrease was primarily due to a relatively low number of multi-residential starts, which can fluctuate from month to month.
'I don't expect we'll be in a balanced market anytime soon.'
Alignvest now owns three student housing buildings in Ottawa
Manor Park Management's new plan calls for two 30-storey towers as well as another 20-storey highrise and an eight-storey building with a total of 870 residential suites.
Place Dor​ée's revised application reduces the proposed number of buildings from five to four while adding new amenity spaces and significantly altering the overall design.
The average price of a residential-class property in Ottawa was $725,970 last month, up 26 per cent from a year earlier but below the year-to-date average of more than $734,000.
Building at 1368 Labrie Ave., south of the intersection of Highway 417 and Cyrville Road, would contain 45 units.
St. Patrick’s Home of Ottawa has outlined a conceptual plan for a new building just north of its current five-storey property at 2865 Riverside Dr.