Ottawa-based Windmill Developments has announced they are building Ottawa’s first and only Class A commercial condominium tower in the heart of downtown Ottawa next to their Cathedral Hill residential condo building.
Located in the heart of Ottawa Centre’s EcoDistrict on the edge of downtown, the office condos will provide businesses and not-for-profits the opportunity to build equity with money that would otherwise disappear paying rent for office space.
“We spend a lot of time looking at best practices and imagining better ways for people to live and work,” said Rodney Wilts, partner, Windmill Developments. “Giving professional practices and associations a way to build future equity by owning space in one of the downtown’s most desirable areas is a win-win for us and the businesses.”
While other cities like Chicago, New York and Toronto have embraced the office condo concept, the 14-floor Cathedral Hill office tower will be Ottawa’s first executive office condo building. “As always, we are focused on high sustainability and performance goals with this project,” says Wilts. “We plan to use the best technologies and materials to not only make this building healthier for the owners and their employees, but more efficient and enduring.”