City Council approves financial incentives to transform obsolete commercial towers into 1,800 rental apartments.
OTTAWA, Ont. — Mayor Mark Sutcliffe announced the launch of the Downtown Ottawa Revitalization Grant, encouraging property owners to convert vacant commercial office buildings into residential apartments and cultural spaces.
The initiative aims to diversify the downtown economy, bringing thousands of new permanent residents to support local restaurants and businesses.
"We are taking decisive action to transform Ottawa's downtown into a vibrant, 24/7 community," Mayor Sutcliffe stated.
Developers will receive property tax abatements and streamlined building permit approvals for eligible residential conversion projects.
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