(OTTAWA) May 24, 2017 – Today, Ottawa Community Housing Corporation (OCH), in partnership with the City of Ottawa and Conseil des écoles publiques de l’Est de l’Ontario (CEPEO), has announced a multi-million dollar innovative mixed use development project in Little Italy. Gladstone Village will offer mixed income housing, retail, commercial and green spaces, as well as an educational institution.
The first phase of this project was unveiled today with the announcement of the purchase of 7.26 acres of land near Preston Street and Gladstone Avenue, along the Queensway Corridor.
Faced with aging properties, with some up to 100 years old and the average age more than 45 years old, this is a pivotal step in renewing the portfolio with more energy efficient properties for residents, saving on utility and maintenance costs.
Gladstone Village will be an integrated community hub that will help build strong, healthy and inclusive communities, as well as meet the need for social and affordable homes.
This acquisition has been made possible through OCH’s strategic portfolio planning and financing approaches. This has involved leveraging the value of the corporation’s current assets, while committing to OCH ongoing and need capital repair program.
The first step in the new development was the purchase of the land for $7 million. Starting later this year, OCH will engage with the community, stakeholders and tenants for a thorough consultation, in line with City of Ottawa’s planning process.
Gladstone Village will leverage the future light rail station (LRT) to provide easy access to public transit for tenants.
The addition of an educational institution, built in partnership with the CEPEO, will contribute to the success of the project. It will ensure access to a quality education and will be a leverage to building a positive society
I want to congratulate Ottawa Community Housing Corporation on the new 7.26 acre development. This project will include a community hub of affordable homes, commercial units, schools, and green spaces that will allow residents to come together and build a strong, healthy, safe and inclusive community. I’m proud to see this kind of initiative in Ottawa Centre
The redevelopment of the site at 933 Gladstone represents an opportunity to create a significant community hub with affordable housing at its core. This is a very exciting project that will allow OCH to build a vibrant, mixed use community connected to the future Gladstone Station on the Trillium Line.
This site will be a community hub offering affordable homes, with both rental and home ownership opportunities, commercial spaces, a new school and green spaces all within walking distance of a new LRT station Councillor Mathieu Fleury, Chair of the OCH Board of Directors
Conseil des écoles publiques de l’Est de l’Ontario (CEPEO) is proud to build a French-language elementary school in the heart of Gladstone Village which will promote values of openness, diversity and inclusion. Our school will engage its students, parents and staff to become involved in the development of their community by providing a learning environment of choice based on community collaborations and exemplary environmental practices.
Today marks a significant step toward portfolio renewal for Ottawa Community Housing. The development of Gladstone Village will provide a new vibrant community hub for residents to come together to nurture strong, healthy, safe and inclusive communities. As a leader in the sector, OCH’s partnerships with LRT and CEPEO are key in providing this new vibrant community inclusive of affordable homes. OCH is very excited for this for this opportunity to develop inclusive community homes going forward.
About Conseil des écoles publiques de l’Est de l’Ontario (CEPEO)
As a unifying agent in its school communities, Conseil des écoles publiques de l’Est de l’Ontario (CEPEO) puts its education experts at the service of the 14,500 learners in its 42 inclusive schools. Proud to be a driver of passions in French, the CEPEO is a beacon for francophones throughout its territory, from Pembroke to Cornwall, Trenton to Hawkesbury including Ottawa. www.cepeo.on.ca | Twitter | Facebook
Ottawa Community Housing (OCH) provides approximately 15,000 homes to over 32,000 tenants, including seniors, parents, children, couples, singles and persons with special needs, within many communities across the City of Ottawa. OCH houses a diverse population of varying languages, ethnicity and cultures. OCH is the largest social housing provider in Ottawa, managing two-thirds of the City’s social housing portfolio, and is the second largest in Ontario. OCH is celebrating its 15th year anniversary in 2017.
www.och-lco.ca | Twitter | LinkedIN | Facebook
For additional information please contact:
Niki Kerimova – Media Relations and Events Coordinator – Ottawa Community Housing – Cell: 343-998-4264 email@example.com
Kimothy Walker – Ottawa Media Group – 613-859-3753
Alexandre Meloche Dorris – Head of Media Relations – CEPEO – 613 742-8960
ext. 2020 Cell: 613-747-3801 firstname.lastname@example.org