OTTAWA — Avison Young has announced the launch of residential and mixed-use development lands available for sale adjacent to a newly completed transit station along the city’s north-south LRT corridor.
Falcon Ridge Village is said to be the largest development property currently available in Ottawa according to a recent release.
Positioned as a transit-oriented 15-minute community, the property is anchored by the nearby Bowesville Transit Station.
Adjacent future employment and commercial lands, totalling 169 acres, are directly across from the $350-million Hard Rock Casino and Hotel project.
“The implementation of LRT is transformative for Ottawa, and the city’s new official plan has prioritized 15-minute communities to complement this,” stated Gillian Burnside, vice-president of Avison Young, the commercial real estate adviser for the property. “The proposed Falcon Ridge Village is ideally situated to meet and accommodate the unprecedented growth that is anticipated for Ottawa.”
The property for sale is 163 acres with a total development potential of 8.5-million square feet. The conceptual plan for the village includes walkability, diversity, multi-purpose and safety strategies. Housing typologies include single-family townhomes, multi-family homes and transit-oriented-density homes including a rental component.
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