Selection Group investing $383M in three development projects

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Selection Group announced three major development projects in the National Capital Region as the company pursues plans for expansion across Canada.

The total investment in the Ottawa-Gatineau region is estimated at $383 million with completion of the first residential units scheduled for 2020.

Each project will offer senior lifestyle and intergenerational living environments, with spaces dedicated to housing and leisure, and will provide environments meant to foster a strong sense of community amongst residents.

The $120-million Orleans project includes two residential buildings on Innes Rd. The first tower, with 255 units, is scheduled to open in Winter 2020, will cater to both independent and assisted living seniors. The second tower will feature 100 units.

The group has entered into a partnership agreement with SmartCentres to develop a mixed-use complex at SmartCentres Laurentian Place shopping centre at the corner of Baseline Rd. and Clyde Ave. The $150-million project will consist of two buildings, with several housing units, shared common facilities, independent retail shops and three levels of parking. Construction is planned to begin in spring 2020 with the opening of the complex scheduled for summer 2021.

Meanwhile, a $113-million project on Plateau Boulevard in Gatineau will incorporate two residential buildings, one catering to both independent and assisted living seniors, with 240 units, and one dedicated to intergenerational living, with 166 units. The first phase of the project, reflecting the seniors’ residence, is scheduled to open in fall 2020.

“We are thrilled to announce our first projects in Ontario, with the construction of major projects in the National Capital Region. Selection Group takes great pride in offering a variety of residential products that are tailored to the specific needs of our clients. We have made it our mission to build thriving communities in Quebec and now we are ready to bring this success to the rest of Canada, starting with these breakthrough projects in Ontario. It is time to look ahead and the future looks bright,” Selection Group president and CEO Réal Bouclin stated.

 

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