Residential conversion of Centretown office building could signal COVID market transformation

ottawacitizen.com
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A mid-rise office building at 331 Cooper St. is undergoing a transformation that will add dozens of homes into the Centretown rental market, a move that the…
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Residential conversion of Centretown office building could signal COVID market transformation Photo by Julie Oliver / Postmedia

Article content A mid-rise office building at 331 Cooper St. is undergoing a transformation that will add dozens of homes into the Centretown rental market, a move that the property owner says fits with the current market conditions during the COVID-19 pandemic. "We have seen a decrease in demand of office space especially in the downtown area due to the current pandemic and multiple lockdowns, so we had decided that the time was right to make the conversion of this under-utilized office building to a multi-residential building as we understand there is a need for more housing in the downtown area," said Loredana Porcari, managing director at Serco Realty Group. We apologize, but this video has failed to load.

tap here to see other videos from our team. Try refreshing your browser, or Residential conversion of Centretown office building could signal COVID market transformation Back to video The plan filed at city hall calls for the conversion of the seven-storey office building into an eight-storey residential building. The building, which has 20 office suites and dates back to the 1960s, will have 45 residential units when the project is finished. The added eighth storey will have rooftop amenity space.

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Article content The property is roughly 700 metres from the closest LRT stop at Parliament Station. The proposal has won the heart of Coun. Catherine McKenney, who represents the downtown ward and is council's…
Jon Willing
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