kelnoz
New Member
This park had such an interesting concept, but it very much looks half finished.
The random patches of rip rap, the lack of an access down the main staircase, the lack of plants along the shoreline...
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The random patches of rip rap, the lack of an access down the main staircase, the lack of plants along the shoreline...
I'm hoping that park looks better as greenery invades all the rock.
I wonder when we will see a new excavation at Zibi...for the first time since the project started, there is no new construction happening at the moment.
I wonder when we will see a new excavation at Zibi...for the first time since the project started, there is no new construction happening at the moment.
Honestly, the park looks better than I expected. I'm hoping they add more functional parks with some sports options (skatepark, basketball court, maybe not anything huge like soccer of baseball), playground, splash pad and other things that are more than just lounging. Would be nice to have a community centre as well with a pool and gym, even if it was just for Zibi residents.
zzptichka
New Member
They've added some chairs but I agree it does look like it's lacking. Maybe some tables, fishing/kayak/aqua taxi floating dock, direct stairs connection to the bridge.
Looks great though. Nicer than I expected.
urbottawa
Active Member
urbottawa
Active Member
Red panels are mostly back on after being removed for whatever reason
Ohhh nice. I think they are still wrapping up the backside, it was removed as well. This is one of the better 'Shipping Container Chic' buildings around, IMHO.
From Business Wire:
Zibi (Graphic: Business Wire)
September 24, 2024 03:44 PM Eastern Daylight Time
TORONTO--(BUSINESS WIRE)--This afternoon, DREAM UNLIMITED CORP. and DREAM IMPACT TRUST (collectively “Dream”) commenced marketing 3.27 acres of land for sale within Zibi known as the Capital View Lands. Located in Gatineau, Quebec, the marketed site has exceptional views of Parliament Hill and the Ottawa River and is directly across from Place du Portage – an office complex that houses Canada’s largest concentration of Federal Government employees. With approximately 1 million square feet (“sf”) of potential development density, the Capital View Lands is contemplated to be developed with 5 separate buildings and offers an incoming developer a platform opportunity in the Gatineau area to work closely with Dream.
Dream remains committed to the future build-out of Zibi and its active development role within the National Capital Region. Based on current plans, Dream expects to build a total of 2,500 rental units at Zibi, of which 600 are completed and leased or completing lease up, with another 440 rental units starting construction within the next 12 months. With approximately one-third of the site built to date, selling 10% of the land will provide an opportunity for other developers to bring diversity of product type to the community and reduce the build out period. Between the potential sale of these three acres and the commencement of the two new buildings, the infrastructure debt for Zibi would be substantially paid down and we would continue to build out apartments as absorption permits completing our development within ten years.
“With the recent Senators arena announcement, we are excited to see even more development momentum near Zibi,” said Michael Cooper, Chief Responsible Officer of Dream. “We feel Zibi has generally progressed well and provided opportunities for very innovative partnerships. By bringing in development partners for the Capital View Lands, Zibi’s development pace can be accelerated to provide a mature community sooner in such a vital location to the National Capital Region.”
Last spring, Dream started construction on a 608-unit rental building on the LeBreton Flats Library Parcel, located at the Pimisi O-Train station and a five-minute walk to Zibi. The development of this site is important to Dream and an excellent example of how public, private and not for profit partnerships can bring much needed supply to market across the housing continuum with speed and scale.
About Dream Unlimited Corp.
Dream Unlimited Corp. is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $25 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.
About Dream Impact Trust
Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact's underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities, while generating attractive returns for investors. or more information, please visit: http://www.dreamimpacttrust.ca
Forward Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to construction and development timelines and plans with respect to Zibi and the Capital View Lands, the number of buildings and rental units, the ability to pay down infrastructure debt, the ability to bring in development partners for the Capital View Lands and resulting opportunities. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: the nature of development lands held and the development potential of such lands, interest rates and inflation remaining in line with management expectations, our ability to bring new developments to market, anticipated positive general economic and business conditions, our business strategy, anticipated sales volumes, and conditions in land and housing markets. Risks and uncertainties include, but are not limited to, general and local economic and business conditions, inflation or stagflation, regulatory risks, mortgage and interest rates and regulations, risks related to a potential economic slowdown and the effect inflation and any such economic slowdown may have on market conditions and lease rates. All forward looking information in this press release speaks as of September 24, 2024. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR+ (www.sedarplus.com). These filings are also available at Dream’s website at www.dream.ca.
Zibi Community Update
Zibi (Graphic: Business Wire)
September 24, 2024 03:44 PM Eastern Daylight Time
TORONTO--(BUSINESS WIRE)--This afternoon, DREAM UNLIMITED CORP. and DREAM IMPACT TRUST (collectively “Dream”) commenced marketing 3.27 acres of land for sale within Zibi known as the Capital View Lands. Located in Gatineau, Quebec, the marketed site has exceptional views of Parliament Hill and the Ottawa River and is directly across from Place du Portage – an office complex that houses Canada’s largest concentration of Federal Government employees. With approximately 1 million square feet (“sf”) of potential development density, the Capital View Lands is contemplated to be developed with 5 separate buildings and offers an incoming developer a platform opportunity in the Gatineau area to work closely with Dream.
Zibi is a 34-acre waterfront community located in Ottawa, Ontario and Gatineau, Quebec, overlooking the Ottawa River. The community offers affordable and innovative housing options and incorporates significant inclusivity considerations. In addition, Zibi houses a district energy system which utilizes post-industrial waste for heating and the Ottawa River for cooling which allows for the community to be carbon neutral. Since Dream’s initial investment in 2015, approximately 1 million sf of residential and commercial space has been completed at Zibi, in addition to two parks and 3 plazas which are open to the public.
Dream remains committed to the future build-out of Zibi and its active development role within the National Capital Region. Based on current plans, Dream expects to build a total of 2,500 rental units at Zibi, of which 600 are completed and leased or completing lease up, with another 440 rental units starting construction within the next 12 months. With approximately one-third of the site built to date, selling 10% of the land will provide an opportunity for other developers to bring diversity of product type to the community and reduce the build out period. Between the potential sale of these three acres and the commencement of the two new buildings, the infrastructure debt for Zibi would be substantially paid down and we would continue to build out apartments as absorption permits completing our development within ten years.
“With the recent Senators arena announcement, we are excited to see even more development momentum near Zibi,” said Michael Cooper, Chief Responsible Officer of Dream. “We feel Zibi has generally progressed well and provided opportunities for very innovative partnerships. By bringing in development partners for the Capital View Lands, Zibi’s development pace can be accelerated to provide a mature community sooner in such a vital location to the National Capital Region.”
Last spring, Dream started construction on a 608-unit rental building on the LeBreton Flats Library Parcel, located at the Pimisi O-Train station and a five-minute walk to Zibi. The development of this site is important to Dream and an excellent example of how public, private and not for profit partnerships can bring much needed supply to market across the housing continuum with speed and scale.
About Dream Unlimited Corp.
Dream Unlimited Corp. is a leading developer of exceptional office and residential assets in Toronto, owns stabilized income generating assets in both Canada and the U.S., and has an established and successful asset management business, inclusive of $25 billion of assets under management across four Toronto Stock Exchange listed trusts, our private asset management business and numerous partnerships. We also develop land, residential and income generating assets in Western Canada. Dream expects to generate more recurring income in the future as its urban development properties are completed and held for the long term. Dream has a proven track record for being innovative and for our ability to source, structure and execute on compelling investment opportunities. For more information, please visit our website at www.dream.ca.
About Dream Impact Trust
Dream Impact Trust is an open-ended trust dedicated to impact investing. Dream Impact's underlying portfolio is comprised of exceptional real estate assets reported under two operating segments: development and recurring income, that would not be otherwise available in a public and fully transparent vehicle, managed by an experienced team with a successful track record in these areas. The objectives of Dream Impact are to create positive and lasting impacts for our stakeholders through our three impact verticals: environmental sustainability and resilience, attainable and affordable housing, and inclusive communities, while generating attractive returns for investors. or more information, please visit: http://www.dreamimpacttrust.ca
Forward Looking Information
This press release may contain forward-looking information within the meaning of applicable securities legislation, including with respect to construction and development timelines and plans with respect to Zibi and the Capital View Lands, the number of buildings and rental units, the ability to pay down infrastructure debt, the ability to bring in development partners for the Capital View Lands and resulting opportunities. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dream’s control, which could cause actual results to differ materially from those that are disclosed in or implied by such forward-looking information. These assumptions include, but are not limited to: the nature of development lands held and the development potential of such lands, interest rates and inflation remaining in line with management expectations, our ability to bring new developments to market, anticipated positive general economic and business conditions, our business strategy, anticipated sales volumes, and conditions in land and housing markets. Risks and uncertainties include, but are not limited to, general and local economic and business conditions, inflation or stagflation, regulatory risks, mortgage and interest rates and regulations, risks related to a potential economic slowdown and the effect inflation and any such economic slowdown may have on market conditions and lease rates. All forward looking information in this press release speaks as of September 24, 2024. Dream does not undertake to update any such forward looking information whether as a result of new information, future events or otherwise. Additional information about these assumptions and risks and uncertainties is disclosed in filings with securities regulators filed on SEDAR+ (www.sedarplus.com). These filings are also available at Dream’s website at www.dream.ca.
I see this as very positive news. That parcel will raise a lot of capital for Dream to finish up the rest.
If ever there will be a non-governmental attraction of significance in this city, this would be the place to do it. An observation tower/aquarium would be epic here.
If ever there will be a non-governmental attraction of significance in this city, this would be the place to do it. An observation tower/aquarium would be epic here.
Dzingle Bells
Active Member
Thaaaat is not the site for Dream's Library parcel...
I see many errors on that map, I wouldn't put any faith in it being the actual plan.
As long as it integrates well as part of the master plan. We might see a little more movement. Bonus, we'll get a break from Dream's drab designs on the Quebec side.
New article from the OBJ:
October 2, 2024
The developers behind Zibi are looking to sell 3.27 acres of land in Gatineau, highlighted in green in the above image, to a development partner. Image courtesy Dream Unlimited
The companies behind the Zibi development say they’re looking to join forces with another real estate firm to build amenities that could include a hotel and convention centre in Gatineau.
Toronto-based Dream Unlimited and Dream Impact Trust – which are leading construction of the multibillion-dollar, 34-acre community straddling both sides of the Ottawa River just west of downtown – recently put 3.27 acres of land earmarked for the Zibi project up for sale.
In a news release announcing the move last week, the companies said the property, which is located near Gatineau’s Place du Portage complex and overlooks Parliament Hill and the Ottawa River, has room for up to one million square feet of development. They said they envision the site, dubbed the Capital View Lands, being developed with five separate buildings.
In an interview with OBJ, Dream Unlimited senior vice-president of development Justin Robitaille said the move will allow a different company to bring “other interesting ideas” to the table as it works with his firm and Dream Impact Trust to accelerate development of the property.
Robitaille suggested a number of potential uses for the land, including seniors’ housing as well as more commercial-oriented facilities.
“We know there’s a need for convention centre space in the Gatineau region,” he said, adding a hotel could also “make a lot of sense” if there’s demand for it.
“So there’s sort of ideas like that that aren’t necessarily part of our core business, where we would like to be able to invite others that are in that space to be able to partner on developing and fulfilling that master-plan vision for Zibi,” Robitaille explained.
The announcement that the Capital View Lands were on the market came just a few days after the Ottawa Senators struck an agreement in principle to buy 10 acres of land just across the river at LeBreton Flats from the National Capital Commission.
While there are still significant hurdles to clear before any work can begin, the Senators say they hope to start construction of a new NHL arena at LeBreton Flats within the next couple of years.
Robitaille called the team’s potential move to Ottawa’s core a “game-changer” for the city, adding it could create a jolt of momentum for future development at Zibi.
“Especially in the next five, six years, if we see shovels in the ground (at LeBreton), maybe that sparks additional demand for housing, and we obviously think Zibi can be a big contributor to meeting some of that demand,” he said.
“We think it’ll spark a lot of investment in and around LeBreton. We think that there are some significant ripple-on effects that we think we can certainly benefit from.”
Robitaille said about one million square feet of office and residential space has already been constructed at Zibi, which is projected to eventually house 5,000 residents and employ 6,000 people. He estimated it will take “probably another 12 to 15 years, depending on market conditions” before the project is fully built out.
Dream’s current plans call for about 2,500 rental units at Zibi, at least 20 per cent of which are targeted for affordable housing, Robitaille said. About 600 units have been completed so far, and construction is expected to begin next month on another building with 244 units on the Ottawa side of the river, he added.
While Robitaille said falling interest rates are making a “big difference” in lowering financing costs, he said bringing on a development partner for the Capital View Lands will help Dream Unlimited and Dream Impact Trust pay down infrastructure-related debt the firms incurred while getting Zibi off the ground.
And although the bulk of the roughly 350,000 square feet of office space that’s already been built at Zibi was pre-leased to the federal government, he conceded it’s “been a challenge” to fill the rest as potential occupiers reassess their real estate requirements in a post-pandemic world.
“We’re starting to see a little bit more interest now in light of some of the recent announcements with the Senators, but I think that, in general, space requirements for a lot of office tenants have really shrunk in the last couple of years in the National Capital Region,” Robitaille said.
Landlords at many other marquee downtown office buildings are offering “a lot of incentives and very minimal rent in a lot of cases, so that’s tough to compete against,” he added.
Another 60,000 square feet of office space is expected to be ready for occupancy next month in a recently completed building on the Ottawa side of the project.
“We’re working through some deals right now to fill up some of that space, but we won’t have that filled up in the next six to 12 months,” Robitaille said.
Meanwhile, work continues at Dream’s other big-ticket development project in Ottawa, a 608-unit rental building at LeBreton Flats near the Pimisi LRT station and the new central library that’s expected to be completed in 2026.
Robitaille said Dream, which is partnering with the Multifaith Housing Initiative to provide 251 affordable housing units at the site, started construction of the building in April and is aiming to have it ready for occupancy in 2027.
“That’s a big project for us,” he said. “I think the Albert (Street) corridor will be quite active for many years to come, and we’re excited to play a big role in that.”
Firms behind Zibi project seek partner, float convention centre as ‘interesting’ idea for Gatineau land
October 2, 2024
The developers behind Zibi are looking to sell 3.27 acres of land in Gatineau, highlighted in green in the above image, to a development partner. Image courtesy Dream Unlimited
The companies behind the Zibi development say they’re looking to join forces with another real estate firm to build amenities that could include a hotel and convention centre in Gatineau.
Toronto-based Dream Unlimited and Dream Impact Trust – which are leading construction of the multibillion-dollar, 34-acre community straddling both sides of the Ottawa River just west of downtown – recently put 3.27 acres of land earmarked for the Zibi project up for sale.
In a news release announcing the move last week, the companies said the property, which is located near Gatineau’s Place du Portage complex and overlooks Parliament Hill and the Ottawa River, has room for up to one million square feet of development. They said they envision the site, dubbed the Capital View Lands, being developed with five separate buildings.
In an interview with OBJ, Dream Unlimited senior vice-president of development Justin Robitaille said the move will allow a different company to bring “other interesting ideas” to the table as it works with his firm and Dream Impact Trust to accelerate development of the property.
Robitaille suggested a number of potential uses for the land, including seniors’ housing as well as more commercial-oriented facilities.
“We know there’s a need for convention centre space in the Gatineau region,” he said, adding a hotel could also “make a lot of sense” if there’s demand for it.
“So there’s sort of ideas like that that aren’t necessarily part of our core business, where we would like to be able to invite others that are in that space to be able to partner on developing and fulfilling that master-plan vision for Zibi,” Robitaille explained.
The announcement that the Capital View Lands were on the market came just a few days after the Ottawa Senators struck an agreement in principle to buy 10 acres of land just across the river at LeBreton Flats from the National Capital Commission.
While there are still significant hurdles to clear before any work can begin, the Senators say they hope to start construction of a new NHL arena at LeBreton Flats within the next couple of years.
Robitaille called the team’s potential move to Ottawa’s core a “game-changer” for the city, adding it could create a jolt of momentum for future development at Zibi.
“Especially in the next five, six years, if we see shovels in the ground (at LeBreton), maybe that sparks additional demand for housing, and we obviously think Zibi can be a big contributor to meeting some of that demand,” he said.
“We think it’ll spark a lot of investment in and around LeBreton. We think that there are some significant ripple-on effects that we think we can certainly benefit from.”
Mixed-use community
In the meantime, work goes on at the multi-phased, mixed-use community, which is expected to include about four million square feet of commercial and residential space once it is complete.Robitaille said about one million square feet of office and residential space has already been constructed at Zibi, which is projected to eventually house 5,000 residents and employ 6,000 people. He estimated it will take “probably another 12 to 15 years, depending on market conditions” before the project is fully built out.
Dream’s current plans call for about 2,500 rental units at Zibi, at least 20 per cent of which are targeted for affordable housing, Robitaille said. About 600 units have been completed so far, and construction is expected to begin next month on another building with 244 units on the Ottawa side of the river, he added.
While Robitaille said falling interest rates are making a “big difference” in lowering financing costs, he said bringing on a development partner for the Capital View Lands will help Dream Unlimited and Dream Impact Trust pay down infrastructure-related debt the firms incurred while getting Zibi off the ground.
And although the bulk of the roughly 350,000 square feet of office space that’s already been built at Zibi was pre-leased to the federal government, he conceded it’s “been a challenge” to fill the rest as potential occupiers reassess their real estate requirements in a post-pandemic world.
“We’re starting to see a little bit more interest now in light of some of the recent announcements with the Senators, but I think that, in general, space requirements for a lot of office tenants have really shrunk in the last couple of years in the National Capital Region,” Robitaille said.
Landlords at many other marquee downtown office buildings are offering “a lot of incentives and very minimal rent in a lot of cases, so that’s tough to compete against,” he added.
Another 60,000 square feet of office space is expected to be ready for occupancy next month in a recently completed building on the Ottawa side of the project.
“We’re working through some deals right now to fill up some of that space, but we won’t have that filled up in the next six to 12 months,” Robitaille said.
Meanwhile, work continues at Dream’s other big-ticket development project in Ottawa, a 608-unit rental building at LeBreton Flats near the Pimisi LRT station and the new central library that’s expected to be completed in 2026.
Robitaille said Dream, which is partnering with the Multifaith Housing Initiative to provide 251 affordable housing units at the site, started construction of the building in April and is aiming to have it ready for occupancy in 2027.
“That’s a big project for us,” he said. “I think the Albert (Street) corridor will be quite active for many years to come, and we’re excited to play a big role in that.”
Quebec Government promised a Convention Centre for Gatineau last election, and then as always, proceeded to doing nothing at all. Maybe if the private sector steps up, the CAQ will actually get moving on that.