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Amazon building massive 3.1M-sq.-ft. Ottawa dist. centre

5 days ago

Amazon building massive 3.1M-sq.-ft. Ottawa dist. centre

Amazon has begun construction of what will become its largest Canadian distribution centre, a 3.1-million-square-foot, state-of-the-art facility in Ottawa, where the online retail giant already operates four facilities of various sizes.

Hullmark buys stake in Jane Finch Mall, huge redevelopment

Toronto-based developer Hullmark has acquired a minority stake in the Jane Finch Mall and, with majority owner Brad-Jay Investments Ltd., plans to move forward with a major multi-phased, mixed-use redevelopment of the property.

B.C. cities grow up as urban brownfield sites are transformed

The next stage of the Okanagan’s evolution is at hand as developers focus on transforming older industrial precincts of key cities. The largest is Holar Developments’ work to remake the 40-acre former Tolko mill site.

Stelumar launches massive modular facility build

Stelumar, which was founded by Peter Gilgan of Mattamy Homes, is launching a fully automated 450,000-square-foot facility capable of producing a variety of home types in the Greater Toronto Area.

Office hours ramp up, downtown foot traffic slow to rebound

Foot traffic in the downtown cores of major cities across Canada is still approximately half of what it was before the pandemic, despite a growing push from employers for more in-office work days.

New OSSTF HQ highlights benefits of mass timber

The new headquarters of the Ontario Secondary School Teachers’ Federation (OSSTF), inspired by its bucolic setting overlooking Toronto’s Don Valley ravine, reflects the group’s core value of health and well-being, and it uses mass timber as a sustainable solution.

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Industrial park expansion in Saint John clears final reading

A plan to expand the industrial park on the southwestern edge of Saint John cleared its final city council hurdle Monday night, with a unanimous third reading. The city wants to make hundreds of hectares "pad ready" for industrial development.

Toronto greenlights plans for 10,000 housing units

At Toronto City Council's last session for June, members signed off on over a dozen housing proposals (and refused just one). Proposals from Kilmer-Tricon, First Capital REIT, Devron Developments and Pinemount Developments got the go-ahead.

70-storey rental tower proposed for Isabella Street

Akelius has submitted plans to redevelop 81–83 Isabella St. with a 70-storey residential rental building rising within Toronto’s Church-Wellesley Village. The project proposes 647 residential units.

New builds have already reached the price floor

OPINION: With prices down between 18 and 19 per cent, and inventory and choice at levels not seen in a decade, the market conditions clearly favour buyers — so why are we not seeing higher sales?

Rents easing across most major markets: CMHC

Canada’s housing agency says advertised rents in some major cities are easing due to factors such as increased supply and slower immigration, but renters are still not feeling relief and landlords are reporting vacant units are taking longer to lease.

Former Rona to transform to Asian grocery and playground

Toronto-based Starline Developments has applied to rezone the vacant former Rona site at 820 Blythwood Rd. in London, Ont. to allow for a 30,000-sq.-ft. indoor playground in addition to an Asian grocery store. 

Retail expert weighs in on Ruby Liu’s Hudson’s Bay bid

Retail strategist Carl Boutet believes Ruby Liu’s ambitious plan to revive Canada’s former Hudson’s Bay locations under a new retail banner is high on vision but must now face the realities of scale, risk and stakeholder alignment. 

Wellington Market expands with nine new vendors

Following its debut in May 2024, Wellington Market at The Well has unveiled an additional 20,000 square feet of dining and experiential space. Among nine new vendors will be BEAR Steak Sandwiches and Chen Chen's Nashville Hot Chicken.

Staples closes major store location in downtown Vancouver

After about three decades of business, the Staples store at the southwest corner of Smithe Street and Seymour Street — immediately south of the Orpheum Theatre — in downtown Vancouver has permanently closed.

Slate to acquire $226.5M Sunbelt multifamily portfolio

Slate Asset Management has agreed to acquire a six-property, 1,600-unit multifamily portfolio for US$226.5 million. The properties in the portfolio are located in rapidly growing Sunbelt markets across Florida, Georgia and Arizona.

Apollo looks to raise $5B for commercial real estate fund

Apollo Global Management is hoping to sell US$5B of equity in its nontraded real estate investment trust. Its plan to sell common stock in Apollo Realty Income Solutions was approved by the Securities and Exchange Commission last month.

Post-bankruptcy, CBL Properties finding buyers for its malls

It's been a tough decade for mall owners: First there was the "retail apocalypse", then the pandemic, then rising interest rates. Stephen Lebovitz, CEO of CBL & Associates Properties, led the mall REIT through it all, including a bankruptcy in 2020. 

WeWork signs lease in lower Manhattan, expanding NYC bet

WeWork signed a lease in lower Manhattan for a new location as coworking demand rises. The firm is taking 60,000-square-foot of space at 250 Broadway. The new location, which spans five floors, is expected to open in December.

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