KingSett Capital is now sole owner of the region’s second-largest shopping mall after purchasing Ivanhoe Cambridge’s 50 per cent stake in the west-end plaza.
Investors spent a total of $767-million on Ottawa commercial properties from April to June, the real estate firm said in its latest report.
Mall owner Ivanhoe Cambridge is partnering with Toronto-based investment fund KingSett Capital to construct a 27-storey tower and a 30-storey highrise with a total of about 500 apartment units.
Montreal-based merchant closing 82 stores in Canada and all 42 of its locations in the United States as it focuses on its e-commerce business and supplying grocery stores and pharmacies.
The owner of Bayshore Shopping Centre says it wants to build two new apartment highrises next to the west-end mall, a proposal that would add 500 more units to the city’s growing inventor
A large U.S. outlet mall’s expansion into Ottawa is going to hurt all local retailers once it arrives next year, the executive responsible for Bayshore Shopping Centre said.