Exciting Developments in the Zibi Community
Today, Dream Unlimited Corp. and Dream Impact Trust have made an exciting announcement: they are marketing 3.27 acres of land in Zibi, known as the Capital View Lands. This stunning area boasts incredible views of key landmarks and is conveniently located near important government offices, opening the door to promising development prospects.
Overview of Zibi
A Sustainable Waterfront Community
Zibi covers 34 acres and links the lively cities of Ottawa and Gatineau, offering beautiful waterfront views. It's designed to prioritize affordability, innovation, and inclusivity, making it a truly special place to call home. The district energy system at Zibi uses post-industrial waste for heating and draws from the Ottawa River for cooling, playing a crucial role in achieving its carbon-neutral status.
Current and Future Developments
Since Dream began investing in Zibi, there’s been significant progress. To date, around 1 million square feet of commercial and residential space has been completed, along with parks and public plazas. Dream is deeply committed to Zibi's future and is planning for a total of 2,500 rental units, 600 of which have already been leased. Additionally, construction for another 440 rental units will start soon, highlighting the rapid growth of the community.
Enhancing Community Diversity
Opportunities for Developers
By putting 10% of Zibi's land up for sale, Dream is opening unique opportunities for other developers to introduce new types of housing and amenities to the area, which will create a more diverse selection for prospective residents. This move is expected to accelerate the overall development timeline, bringing Zibi closer to becoming a fully developed community.
Collaborations and Community Impact
Michael Cooper, the Chief Responsible Officer of Dream, shared his excitement about the recent developments nearby. The announcement of a new arena for the Senators injects additional momentum into ongoing projects within the Zibi area. Partnering with various developers will encourage innovative collaborations, enhancing both the quality and timeliness of the project.
Significant New Projects
New Rental Building on the Horizon
Last spring, work commenced on a new 608-unit rental building near Zibi, addressing the pressing need for housing solutions. This development shows how public and private sectors can effectively work together to quickly tackle housing shortages.
About Dream Unlimited Corp.
Dream Unlimited Corp. is renowned as a top developer of distinctive office and residential properties in Toronto, alongside a solid asset management portfolio boasting approximately $25 billion in assets. With an emphasis on long-term urban development, Dream actively seeks innovative projects that provide substantial value to its investors.
About Dream Impact Trust
Dream Impact Trust is committed to making a lasting impact through responsible investing while ensuring transparency. Its portfolio features outstanding real estate assets focused on meeting societal needs for sustainable housing and inclusive communities, promising attractive returns for investors.
Frequently Asked Questions
What is the significance of the Capital View Lands?
The Capital View Lands offer exceptional development potential due to their prime location and promise for community integration.
How many rental units are planned at Zibi?
Dream plans to develop a total of 2,500 rental units, bolstering the housing options within the community.
What sustainability features does Zibi offer?
Zibi includes a carbon-neutral district energy system that uses waste for heating and the Ottawa River for cooling, supporting environmental sustainability.
How does Dream engage with other developers?
Dream actively pursues collaborations with developers to enrich Zibi’s offerings and support overall community development.
What role does Dream Unlimited Corp. play in the housing market?
As a leading developer, Dream Unlimited Corp. specializes in creating outstanding residential and commercial properties that address market housing needs.
