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REAL ESTATE

The right thing is to get this product into our store. It makes sense for this brand to end up with us. –​ FARM BOY CEO JEFF YORK, ​ ON BUYING THE RIDEAU BAKERY

Developer pitches 22-storey highrise at Bank and Slater A Montreal-based developer hopes to add more new units to the downtown core’s growing stock of apartment dwellings with a proposal for a 22-storey highrise near the corner of Bank and Slater streets. In a planning application recently filed with the city, Broccolini says the mixed-use tower at 208-212 Slater St. would include 900 square feet of retail space on the ground floor, with communal amenity space on the next three floors and 162 apartment units on the remaining storeys. A two-storey mixed-use building that now occupies the site would be demolished to make way for the new development. Because the

red brick structure is a designated heritage building, Broccolini must apply for special permission to redevelop the site under the Ontario Heritage Act. A consultants’ report included in the application says Broccolini’s plan to put red brick cladding on the proposed highrise’s podium would be a “creative solution” to help reflect “the character of the heritage buildings” nearby on Bank Street. The proposed project does not include any parking spaces for residents but will feature 81 spaces for bicycles. A visitor parking lot would have space for 18 vehicles. Noting the site’s location near the Parliament LRT station, the developers say city zoning bylaws don’t require parking for residential or retail uses.

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TECH

MindBridge Ai hires new exec with IPO in mind

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TD Bank for the past decade, was named one of Canada’s 100 Most Powerful Women in 2017 by the Women’s Executive Network. Announcing the new hire on LinkedIn, MindBridge CEO Eli Fathi said in a post that Yamashita will develop the company’s strategy for an initial public offering, currently slated for 2021. MindBridge founder Solon Angel, who previously held the CSO role, will shift to a new post as chief impact officer.

AUGUST 2019

One of Ottawa’s rapidly growing tech firms is shifting its executive ranks in hopes of securing a public listing in the not-toodistant future. MindBridge Ai, which develops artificial intelligence applications to help auditors and bookkeepers catch incidents of fraud, has hired Miyo Yamashita as its chief strategy officer. Yamashita, who has worked in executive and C-suite roles with Deloitte Canada and

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Ottawa Business Journal August 2019  

Ottawa's authoritative source of business news, covering tech, tourism, real estate and other key economic sectors in Canada's capital.

Ottawa Business Journal August 2019  

Ottawa's authoritative source of business news, covering tech, tourism, real estate and other key economic sectors in Canada's capital.