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Old Posted Jan 16, 2020, 3:27 PM
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473 Albert St. | Trebla Building Conversion | 11 fl | Proposed

This proposal has been in the works since 2018. I thought it might be time to create its own thread.

Quote:
InterRent REIT to convert Albert Street office building to apartments


InterRent REIT is gearing up to renovate the Trebla Building at 473 Albert St.

Ottawa Business Journal
January 16, 2020


An office tower on the western edge of downtown Ottawa will soon be gutted and undergo a facelift to prepare the building’s units for residential tenants.

InterRent REIT, which acquired the vacant 50-year-old Trebla Building at 473 Albert St. in a $21.8-million deal last year, has filed plans with the city to convert the 11-storey building into a mixed-use apartment complex. The conversion would see 153 units added to the city’s downtown housing supply and 3,864 square feet of commercial space added to the ground floor.

The redevelopment would also see changes to the building’s facade, providing a bit more variety to the uniform grid design.

With the proposed conversion, 473 Albert St. joins a growing list of Ottawa office buildings finding new lives as rental properties. Builders are spending millions of dollars to convert drab offices into apartment units – the University of Ottawa’s new Théo residence is one example – amid a boom in rental demand. Experts told OBJ last year that landlords stuck with class-C office buildings in Ottawa are finding more bang for their buck investing in a new apartment than spending the money to bring it up to a higher class.

“Right now, there seems to be a greater demand for affordable housing versus B-minus, C-plus office space. So if you provide a good, clean, safe (residential) product, then it tends to be full. The same can’t be said for all of the office space,” District Realty CEO Jason Shinder told OBJ.
https://obj.ca/index.php/article/int...ing-apartments

According to the ground floor plan, the building will host a café, a medical facility and a third undetermined tenant.

http://webcast.ottawa.ca/plan/All_Im...02-17-0099.PDF

Here's the full development application.

https://app01.ottawa.ca/postingplans...appId=__ATDA11
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  #2  
Old Posted Jan 16, 2020, 4:22 PM
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Quote:
Originally Posted by J.OT13 View Post
This proposal has been in the works since 2018. I thought it might be time to create its own thread.


https://obj.ca/index.php/article/int...ing-apartments

According to the ground floor plan, the building will host a café, a medical facility and a third undetermined tenant.

http://webcast.ottawa.ca/plan/All_Im...02-17-0099.PDF

Here's the full development application.

https://app01.ottawa.ca/postingplans...appId=__ATDA11
Many on this forum know how this building got its name (Trebla) For those who have no idea, its a fun excercise trying to figure it out. The answer is a true eye rolling moment.
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  #3  
Old Posted Jan 16, 2020, 4:27 PM
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Originally Posted by daud View Post
Many on this forum know how this building got its name (Trebla) For those who have no idea, its a fun excercise trying to figure it out. The answer is a true eye rolling moment.
I was just gonna say - I hope they take this opportunity to give it a new name.

Similarly to those cheap TREBOR candies that you find at supermarket checkouts.

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Old Posted Jan 16, 2020, 4:39 PM
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Originally Posted by daud View Post
Many on this forum know how this building got its name (Trebla) For those who have no idea, its a fun excercise trying to figure it out. The answer is a true eye rolling moment.
Albert backwards?

I walked up Bronson through the western side of downtown yesterday. With the rental tower going up, the library site, the new hotels, Moon, etc., there is a palpable energy in the area. Hopefully some ground level commercial follows, as it is way under-served at the moment.
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Old Posted Jan 16, 2020, 4:54 PM
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How about "Le Brat"?
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  #6  
Old Posted Jan 16, 2020, 5:31 PM
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Originally Posted by phil235 View Post
Albert backwards?

I walked up Bronson through the western side of downtown yesterday. With the rental tower going up, the library site, the new hotels, Moon, etc., there is a palpable energy in the area. Hopefully some ground level commercial follows, as it is way under-served at the moment.
Is there actually something going on on the site? Other than maybe a sign?
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Still a really nice group of people to spend Christmas dinner with, though.
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  #7  
Old Posted Jan 16, 2020, 6:25 PM
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Quote:
Originally Posted by Acajack View Post
Is there actually something going on on the site? Other than maybe a sign?
The final design will be revealed on Thursday, January 23.

http://forum.skyscraperpage.com/show...&postcount=974

Tendering will take 9 to 12 months with construction set to begin next year. Opening 2024.

http://forum.skyscraperpage.com/show...&postcount=971

Phil's right; this corner of downtown is getting some much needed investment. In 5 years, it will be hard to recognize.
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  #8  
Old Posted Jan 16, 2020, 7:55 PM
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Originally Posted by Acajack View Post
Is there actually something going on on the site? Other than maybe a sign?
Just a sign. Baby steps.
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  #9  
Old Posted Jan 16, 2020, 9:54 PM
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Originally Posted by daud View Post
Many on this forum know how this building got its name (Trebla) For those who have no idea, its a fun excercise trying to figure it out. The answer is a true eye rolling moment.
I'm always amazed that people don't get it immediately.
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  #10  
Old Posted Jan 16, 2020, 9:55 PM
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Originally Posted by HomeInMyShoes View Post
How about "Le Brat"?
El Bart!
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