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Onni plans covered atrium for Vancouver 4-tower project

1 week ago

Onni plans covered atrium for Vancouver 4-tower project

At the heart of Onni Group’s 1.2-million-square-foot Lot P development in False Creek Flats will be a covered, daylit atrium designed to rethink public assembly space in Vancouver’s notoriously wet climate.

Federal buys 'rare' Westmount apartment portfolio for $51M

Montreal-based private real estate and property management firm Federal Real Estate has acquired a 125-suite apartment portfolio in the city's affluent Westmount neighbourhood for $51 million.

Nearly-complete condo project placed under receivership

Another development project that’s nearing completion has become insolvent — the latest in an extensive list of projects that are struggling to cross the finish line. The project is EverHome, by Toronto-based developer The Sher Corporation, on McCowan Road in Markham.

Non-profit buys two Anthem rental buildings for $38.5M

A housing and social services non-profit with more than 68 properties in B.C. and the Yukon has acquired 178 rental homes in Burnaby in a $38.5 million deal with developer Anthem.

WolfeCorp proposes twin 50-storey towers in Thorncliffe

A proposal for two 50-storey rental towers at 60 Overlea Blvd. has been submitted to the City of Toronto. Proposed by WolfeCorp, operating as Plazaworks, the development would replace a commercial plaza with ground-floor retail and a potential daycare.

In a soft market, Vancouver developers sweeten their deals

With unsold housing sitting on the market, developers are stepping up their game to sell units to an increasingly choosy buyer. That includes promotions, which are getting more and more creative. 

Royal Homes' modules enable multiplex build in North Bay

Royal Homes has supplied the factory-built modules for its first multiplex project since new ownership in 2025 — a 32-unit development in North Bay, Ont., expected to go from groundbreaking to occupancy in a matter of months.

Halifax approves highrise conversion and expansion

A highrise already on the rise in downtown Halifax is now going up a little more. And the nine-storey office building beside it on Brunswick Street will be converted into residential units.

Amazon-leased facility listed as part of 3-building portfolio

Markets speak, and the CRE market in the GTA is indicating that there is a demand for institutional-grade industrial properties, according to yet another listing for a high-profile industrial property that came online this week — an industrial park in Ajax.

London's White Oaks Mall plans hotel, new businesses 

A London, Ont., mall owned by Westdell Development Corp. that recently welcomed Ikea is preparing for the arrival of even more businesses, a new hotel and a rejigged bus bay to support bus rapid transit.

165,000-sq.-ft. Walmart Supercentre in the works for Calgary

Walmart Canada has announced plans to relocate its existing location at 9650 Macleod Trl. SE to the former Hudson’s Bay space at Calgary’s Southcentre Mall, bringing a new two-storey supercentre to the shopping centre.

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Luxury hotel firm faces flak in Ontario town

Since acquiring its first property in 2020, luxury hotel brand Kat Florence has become a major landlord in Elora. While driving a tourism boom, the company’s expansion has stoked local concerns over rising property values and community gentrification.

Vancouver-based M&E Realty make U.S. acquisition

Epta Development Corp. and Maynards Group of Companies have launched real estate investment platform M&E Realty Partners, acquiring an 835,000-square-foot industrial facility in Kentucky as its first asset.

SL Green's $2.5B sell-off hits interest rate snag

Manhattan's largest office landlord's goal of selling US$2.5B of assets this year is at risk of coming up short as a rapid increase in borrowing costs could push some deals into 2027.

A $10B building boom is reshaping Prague

Prague’s historic centre is ringed by modernist concrete apartment blocks. Between the two, new neighbourhoods are taking shape, featuring long boulevards, parks and contemporary mixed-use buildings — largely driven by Czech and Slovak billionaire investors.

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