Kingston property management firm eyes third apartment tower at site near Baseline Road

A major Kingston-based real estate developer is looking to boost its inventory in the National Capital Region by building another residential highrise at a west-end site where it already owns and operates a rental apartment complex.

Homestead Land Holdings recently filed an application with the city to construct a 25-storey tower with 235 apartment units at 1300 McWatters Rd., near the corner of Baseline and Greenbank roads.

The company currently owns and manages 17- and 20-storey apartment buildings at the seven-acre site. The new highrise would be located just west of the 20-storey tower at the southeast corner of Greenbank Road and Lisa Avenue.

The proposal calls for 260 underground parking spaces as well as a surface parking lot with 29 spots. 

Under the plan, a two-storey recreation complex located between the two existing highrises would be redeveloped and new recreation facilities would be installed in the proposed 25-storey tower. 

A small park would be built at the northwest corner of the site. The top floor of the building would feature two outdoor amenity spaces, while its three-storey podium would include an indoor pool, sauna and yoga space.

Homestead is seeking zoning amendments to raise the maximum height limit at the property from 18 to 79 metres and permit reduced setbacks.

The proposal would add to Homestead’s growing stable of Ottawa properties. The company now owns and operates more than two dozen buildings in the capital among its inventory of more than 27,000 apartment units across the province.

Source link