CONCURRENT SESSIONS (SELECT A1, A2 OR A3)
THE TRANSFORMATION OF DOWNTOWN OTTAWA: WHO’S MOVING IN AND WHO’S MOVING OUT? WHAT IS THE IMPACT OF COWORKING AND TECH TENANTS? WHAT OTHER MAJOR TRENDS ARE EMERGING?
This session will examine the evolution of downtown Ottawa – from its office market to the underlying culture of the community that lives and works there. How much growth has there been in high tech related tenancies? Consider Shopify for example. Starting with a 170,000 sq.ft. downtown corporate headquarters, the fast growing company has taken an additional 325,000 sq.ft. of nearby office space. Are the demographics changing with a higher portion of millennials now in the workforce downtown? How do their needs differ to traditional public sector tenants? To what extent is the government presence in the core declining? How is co-working changing the make-up of office tenancies and affecting office occupancy? What will the potential impact of LRT have on these trends? What is the status of the transformative development on West side of downtown? Where is the demand supporting the viability of these projects?
Nathan Smith, Senior Vice President, Capital Markets Group, Cushman & Wakefield Ottawa
Stephen Nicoletti, Managing Director, Eastern Canada, Manulife Financial
Sean O'Sullivan, Vice President & General Manager, Ottawa, Bentall Kennedy (Canada) LP
Susan Rowe, Director, Leasing, Ottawa, Morguard Investments Ltd.
Jessica Whiting, Sales Representative, Colliers International
Michael Zanon, Director, National Capital Region, GWL Realty Advisors Inc.
SPEAKER PRESENTATION - Click button to download presentation
WHAT STRATEGIES CAN RESULT IN MUNICIPAL APPROVALS ON A TIMELY BASIS? WHAT DO YOU NEED TO UNDERSTAND ABOUT BILL 139 AND OTHER REGULATIONS?
As Ottawa continues to evolve into a metropolitan area with a population of over one million, the City is implementing a series of key initiatives and planning policies that have implications on growth and development. These have included a new Official Plan, Official Plan Amendments 150 and 180, Development Charges Review, the Employment Land Strategy, various Community Design Plans, and High-rise guidelines. This session will examine many of these policies and strategies, and how will they are impacting intensification and urbanization of Ottawa. The speakers will also focus on key provincial regulations and their potential impact on development activity. These include: Bill 139 (Building Better Communities and Conserving Watersheds Act); the reform of the Ontario Municipal Board; and what is the probability of a rollback of provincial rent control policies that were enacted during the past twelve months.
Hugh Gorman, Chief Executive Officer, Colonnade BridgePort
Murray Chown, Director, Planning & Development, NovaTech Engineering Consultants Ltd.
Michael Polowin, Partner, Gowling WLG (Canada) LLP
David Wallace, Chief Operating Officer, The Regional Group of Companies
THE INDUSTRIAL REAL ESTATE IN OTTAWA HAS BECOME VERY NOTICEABLE: WHAT IS BEHIND ITS STRONG GROWTH?
While it is not a significantly sized asset class, the Ottawa industrial market is performing very well. By some measurements, the availability of industrial space is approaching a record low of 2.8% together with record rent levels. What are the major trends in this leasing market? Where are NERs heading? How much investment activity has this asset class attracted, e.g. the acquisition at the beginning of 2018 the Capital East Business Centre, a two-building, small-bay industrial portfolio? How much development activity is underway or in the pipeline? Plans are underway to build the largest distribution centre in the National Capital Region – a 1.02M sq.ft. facility that would service the needs of Amazon. Could this lead to a new wave of development in southeast Ottawa?
Nico Zentil, Senior Vice President, CBRE Limited
James Beach, Director, Real Estate & Business Development, Broccolini
Dominic Bonin, Director, Leasing, Skyline Commercial REIT
Devon Howsam, Director, Acquisitions & Asset Management, Crestpoint Real Estate Investments
William Secnik, Senior Vice President, Investments, Fiera Properties Ltd.