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District Realty plans to convert a downtown Ottawa office building into a multi-family rental property.

District Converting Ottawa Building to Residential: Reports

District Realty plans to convert a downtown Ottawa office building into a multi-family rental property, two commercial real estate firms reported.

The 11-storey tower at 200 Elgin Street will undergo the conversion, CBRE and Colliers said in their latest Ottawa quarterly office reports. Known as the Elgar, the building was constructed in 1966.

The conversion project will remove about 140,000 square feet from the local office inventory, Warren Wilkinson, a senior managing director with Colliers, told the Ottawa Business Journal. As a result of the planned conversion, class C vacancy subsequently declined 30 bps to 25.7% from 30%, said CBRE in its report.

Ottawa-based District has converted a number of downtown office spaces into residential developments in the nation’s capital.

Photo: Spacelist


Inside The Story

District RealtyWarren Wilkinson

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

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