Major Real Estate Development Partnership with Canada Lands Company
Canada Lands Company and the AOO announced on February 9, 2017 that we had entered into a major real estate development partnership – this time as a joint venture. As partners, we will come together in a planning effort to revitalize 1.4 hectares of vacant land located at 291 Carling Avenue/369 LeBreton Street South in Ottawa, formerly owned by Public Services and Procurement Canada.
Canada Lands Company and the AOO already have one partnership underway in Ottawa – collaborating on the first phase of the development at Wateridge Village (formerly known as CFB Rockcliffe) – Canada Lands Company’s residential project in the eastern part of the city. The partnership between Canada Lands Company and the AOO continues to evolve and is being further strengthened by this new business venture.
As an initial step, and as partners, we will be completing our due diligence with a series of studies that will provide a thorough understanding of the property, followed by the launch of a community engagement process in conjunction with the City of Ottawa that will provide the public a forum to discuss ideas and views about the future of the site. The process is anticipated to begin later in 2017.
To read more about this partnership, view the news release here.