OTTAWA — Mattamy Homes, a Canadian-based homebuilder, recently announced it has acquired significant ownership in the Wateridge development on the former Canadian Forces Base Rockliffe from the Canada Lands Company.
The acquisition, Mattamy’s first foray into urban Ottawa, consists of nearly 14 acres across four separate blocks.
The company plans to build approximately 650 units on the site over the next five years, featuring a mix of mid-rise product including rear-lane townhomes, stacked townhomes and six-storey mid-rise construction.
With this acquisition, the June 16 Mattamy media statement indicated, the firm is diversifying from a predominantly low-rise builder in the Ottawa suburban market.
"Our objective with this community will be to establish a new benchmark for partnership and architectural excellence in the heart of Ottawa," says Kevin O’Shea, Mattamy’s division president, Ottawa, in the statement.
Mattamy’s sales centre will open in the spring of 2018 with occupancy of the first homes anticipated for the spring of 2019.
Wateridge Villiage is a mixed-use development in Rockliffe that will eventually be home to approximately 9,800 residents.
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