A former McDonald’s franchise in downtown Ottawa is slated to become an Asian restaurant.
The McDonald’s at 99 Rideau Street in the Byward Market area closed its doors in 2023. The new unidentified tenant signed a 10-year lease, Kevin Houlahan, a Colliers sales representative who brokered the deal, told the Ottawa Business Journal.
The forthcoming Asian restaurant’s owner is a chef with more than 15 years of experience and “well-known in the Asian community for his exceptional culinary work in Toronto, Montreal and Ottawa,” Houlahan told the OBJ. And, the restaurant is a partnership between the chef and a Toronto-based group.
The property will be renovated and is slated to open in summer 2024.
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.