Ottawa Business Journal July 30, 2018

Page 8

REAL ESTATE

Canada Lands Co. is proposing to preserve some of the buildings on the Booth Street campus that show the area’s growth in the early 20th century into a semi-industrial lab. Others, such as those that have been heavily altered or were used primarily as offices, will be demolished.

New towers, preservation of heritage buildings, planned for Booth Street Developers expected to have opportunity to bid on land parcels as early as 2020 BY PETER KOVESSY pkovessy@obj.ca

MONDAY, JULY 30, 2018

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OBJ.CA

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he federal custodian of a disused laboratory complex in central Ottawa plans to rezone the property to permit a handful of new towers, rising up to 24 storeys, in advance of selling the land to private developers. The 6.5-acre Booth Street campus on the edge of Little Italy is located just south of the Queensway, east of Rochester Street. Once home to the Mines and Resources Branch of Natural Resources Canada, parts of the complex have been vacant for nearly two decades. A cluster of the existing heritage buildings – as well as the property’s landmark smokestack – are proposed to be preserved and restored. Meanwhile, a new public garden, square and park are slated to replace large portions of the asphalt parking lots that currently run through the property. The vision is to create a new mixed-use

community that connects the Glebe Annex with Little Italy and is animated around the clock. “I see people on this site 24 hours a day,” says Marie Jarvis, the real estate director for the National Capital Region at the Canada Lands Co., which owns the site. Once fully redeveloped, Jarvis says she envisions a range of uses: “People living there, working there, coming for dinner (and) coming for breakfast.” Private developers are anticipated to ultimately purchase the property and construct the new buildings in what is quickly becoming one of Ottawa’s hottest central neighbourhoods. Homebuilder Claridge is constructing a 45-storey condo tower at the corner of Preston Street and Carling Avenue, and a new luxury rental tower is being built on Rochester Street. Additionally, the Booth Street complex is less than 500 metres from the Carling O-Train station on the Trillium Line, which the city is preparing to expand in the coming years.

PROJECTED TIMELINE Spring 2019: Rezoning approved 2019-20: Environmental remediation 2020-22: Marketing and sale of properties to private developers

ENVIRONMENTAL CLEAN-UP REQUIRED The Canada Lands Co. is a federal Crown corporation that’s responsible for selling surplus government properties to maximize both the community value of the land as well as the financial return to taxpayers. Locally, its recent projects include the former Rockcliffe Airbase and a 10.4-acre property at 800 Montreal Road, across from the Montfort Hospital. After several months of public consultations, CLC recently filed a rezoning request with the city to allow for the taller buildings, in addition to removing setback requirements.

Jarvis says she’s hopeful that the rezoning will be approved by spring 2019. CLC will then commission an extensive environmental remediation of the property, which is polluted from years of industrial use. Jarvis says the cost of cleaning up the property has not yet been determined. One remediated, the property will be sold off in parcels to private developers, likely between 2020 and 2022, Jarvis says. How each of the new and restored buildings will be used – be it residential units, office space or retail shops – has not been defined at this stage. Jarvis says the number of heritage buildings and features being preserved as part of the Booth Street redevelopment makes the project unique for Ottawa. She adds that she hopes it will spur additional developments in the surrounding area. “(We want it to) be a catalyst and (make) a positive contribution to the redevelopment of the Glebe Annex and Preston East corridor,” she says.


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