Dream Unlimited Corp. Innovates with New Zibi Development Plans
Exciting Developments in Zibi Community
Today, Dream Unlimited Corp. and Dream Impact Trust have announced the marketing of 3.27 acres of land within Zibi known as the Capital View Lands. This unique area offers stunning views of important landmarks and is strategically located near major government offices, paving the way for exciting development opportunities.
Overview of Zibi
A Sustainable Waterfront Community
Zibi, spanning 34 acres, is a community that connects the vibrant cities of Ottawa and Gatineau, showcasing beautiful waterfront views. It is designed with an emphasis on affordability, innovation, and inclusivity, making it a remarkable place to live. The district energy system at Zibi utilizes both post-industrial waste for heating and the Ottawa River for cooling, which significantly contributes to its carbon-neutral status.
Current and Future Developments
Since Dream's investment began, there has been substantial progress at Zibi, with approximately 1 million square feet of commercial and residential space completed, alongside parks and public plazas. Dream remains deeply invested in the future development of Zibi, planning a total of 2,500 rental units, of which 600 are already leased. Additionally, another 440 rental units are set to begin construction soon, emphasizing the community's rapid growth.
Enhancing Community Diversity
Opportunities for Developers
By offering 10% of Zibi's land for sale, Dream is creating distinct opportunities for other developers to introduce new product types to the community, resulting in a more diverse offering for potential residents. This will inevitably shorten the overall build-out period, allowing for an accelerated progression toward a fully developed community.
Collaborations and Community Impact
Michael Cooper, Chief Responsible Officer of Dream, expressed enthusiasm regarding the recent developments nearby. The announcement of a new arena for the Senators fosters additional momentum for further projects within the Zibi area. The incorporation of various development partners will lead to innovative collaborations, enhancing the project's quality and timeliness.
Significant New Projects
New Rental Building on the Horizon
Last spring, construction began on a new 608-unit rental building situated close to Zibi, providing much-needed housing solutions. This development exemplifies how effective partnerships between public and private sectors can facilitate rapid progress toward resolving housing shortages.
About Dream Unlimited Corp.
Dream Unlimited Corp. stands out as a premier developer of unique office and residential properties in Toronto while maintaining a robust asset management portfolio that includes approximately $25 billion in assets. With a focus on long-term urban development, Dream continually seeks innovative opportunities that deliver significant value to its investors.
About Dream Impact Trust
Dream Impact Trust is dedicated to creating lasting impacts through responsible investing while maintaining transparency. Its portfolio comprises exceptional real estate assets aimed at addressing societal needs for sustainable housing and inclusive communities, promising lucrative returns for investors.
Frequently Asked Questions
What is the significance of the Capital View Lands?
The Capital View Lands present a valuable opportunity for development due to its strategic location and potential for vibrant community integration.
How many rental units are planned at Zibi?
Dream plans to construct a total of 2,500 rental units, strengthening the housing offerings within the community.
What sustainability features does Zibi offer?
Zibi features a carbon-neutral district energy system that utilizes waste for heating and the Ottawa River for cooling, promoting environmental sustainability.
How does Dream engage with other developers?
Dream actively seeks partnerships with developers to diversify Zibi’s offerings and enhance community development.
What role does Dream Unlimited Corp. play in the housing market?
As a leading developer, Dream Unlimited Corp. focuses on creating exceptional residential and commercial properties to address housing needs in the market.
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