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4-tower addition planned at Niagara's White Oaks resort

4 months ago

4-tower addition planned at Niagara's White Oaks resort

The owners of the White Oaks Conference Resort and Spa in Niagara-On-The-Lake have cleared a significant hurdle in their efforts to develop a major expansion of their property, a four-tower project which would add over 800 condos plus commercial space.

Momentum builds in Canadian office market: Report

According to CBRE’s Q2 2024 Canada Office Figures, momentum continued to build in the office market in the second quarter of 2024, with downtown Class A vacancy decreasing and sublet space declining for a fourth consecutive quarter.

Métis Federation to purchase pair of core-area office towers

The Manitoba Métis Federation is adding two prominent downtown towers to its real estate portfolio — and is calling for more investment in Winnipeg’s core. “We believe downtown needs to be saved,” said president David Chartrand, ahead of today’s announcement.

First Nations propose 1,500 homes in four towers in Langley

In 2023, three First Nations in the eastern areas of Vancouver partnered to establish a for-profit real estate development corporation, Sacred Waters Development. The company is tasked with managing the development investments of the Katzie, Kwantlen and Semiahmoo First Nations.

Five towers, 1,155 apts. planned along transit corridors

Several apartment towers totalling more than 1,000 units have been endorsed unanimously by city politicians, with one calling them a perfect example of what they expect near London’s bus rapid transit lines.

Trailblazing Canada’s industrial buildings of the future

The team behind KingJane Business Park is working on an immense industrial development with next-generation design technology for the growing number of tenants and users that must have scale, convenient access, top-shelf amenities, flexibility and a certified zero-carbon footprint. 

Sponsored by: Colliers Canada

Midtown Toronto resubmissions add height, density

Midtown Toronto is witnessing the ramifications of the Eglinton Line 5 Crosstown LRT, the housing crisis and the trend towards hybrid work all at once. These changes underlie recent resubmissions for redevelopment proposals at 2345 and 2323 Yonge Street.

City of Vancouver buys new $38.5-million apartment building

COLUMN - The City of Vancouver has quietly stepped into a new role recently, buying a brand new, six-storey residential building with plans to operate it as a market-rate landlord. No information about this acquisition has previously been publicly released.

15-storey social housing tower proposed for Van. parking lot

Vancouver city council will decide July 25 whether to approve the construction of a 15-storey social housing tower on what has been a longtime parking lot near the north end of Commercial Drive.

Vacant Calgary office transforming into Element Hotel

A number of projects are underway to convert vacant office space into residential units, but one conversion project will focus on a hotel. Element Hotel by Westin is the first hospitality project under the Downtown Calgary Development Incentive Program.

Hotel part of heritage project in downtown New Westminster

A 30-storey tower that includes a Marriott hotel and over 200 housing units is proposed for the Columbia Theatre site. The mixed-used development proposal includes 95 hotel rooms, a hotel lounge, 216 stratified residential dwelling units and retail space.

Developer seeks to add two storeys to Halifax project

A developer currently building a tower on Quinpool Road in Halifax is looking for more height. Dexel Developments is building an eight storey plus penthouse building on the site where the McDonalds and Fitness FX used to sit.

East Coast cities among the fastest growing 3rd straight year

East Coast cities are among the fastest-growing in Canada for the third consecutive year. The annual Atlantic City Trends report showed that six of them — Halifax, St. John's, Charlottetown, Fredericton, Moncton and Saint John — added nearly 50,000 people last year.

TO, Ottawa and Hamilton compete in search for chief planner

Ontario's three biggest cities are all hunting for a top bureaucrat to lead them through the challenge of meeting aggressive housing targets, during a time when experts say hiring and retaining top talent is keeping municipal leaders up at night. 

Don River flood prevention not designed to stop DVP flood

The $1.25B Port Lands Flood Protection Project was never designed to prevent flooding of the Don Valley Parkway during extreme rain events. Rains July 15 and 16 saturated Toronto’s core and led to the Don River breaking its banks.

Blackstone profit misses estimates as real estate exits slow

Blackstone's real estate arm hit the investment giant’s second-quarter results, as high interest rates crimped property valuations and investors pumped in less money. The world’s largest owner of CRE slowed its real estate exits in response to shifting market fortunes.

Mirage closes its doors on the Las Vegas Strip

A final blast from The Mirage’s signature volcano marked the passage Wednesday of an aging Las Vegas resort that wowed crowds at its 1989 opening and helped revolutionize the casino resort industry and reshape Las Vegas as a tourist destination.

Hyatt in advanced talks to buy Standard Hotels brand

Hyatt Hotels is nearing a deal to buy boutique hotel operator Standard International, continuing a run of acquisitions on luxury properties. Negotiations with Standard — which operates in London, Ibiza, the Maldives and Melbourne, among other places — are in advanced stages.

Pacific Retail Capital Partners buying big in distressed malls

The slow march America’s malls have made toward irrelevance is a well-known fact in many parts of the country, but Pacific Retail Capital Partners is betting big that some malls can be saved.

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