The East Market condominium complex is comprised of three inter-connected phases with a total of 409 homes, including two different gym facilities, patio and garden areas, two party/event rooms, games lounge, and a meeting room. The three phases corner the east side of the Byward Market making them a short walk to all amenities possible. Built by Urban Capital, most of the units in the three phases have features typically found in loft buildings such as exposed concrete pillars and high +9ft ceilings (as seen at bottom).

Phase 1 - East Market

Located at 180 York Street (K1N 1J6) the 14 level building is comprised of 101 units (4 of which are retail) ranging from 485sq ft to 1570sq ft. Built in 2003 the building has great use of space and most units have excellent sized terrace balconies with great west, north and east views. Condo fees range from $312 up to $709.20 (Based on sale data for last 12 months).

Phase 2 - East Market

Located at 383 Cumberland Street (K1N 1J7) this 11 level building is comprised of 84 units ranging from 448sq ft to 1622 sq ft. Built in 2003, the building features mostly one bedrooms and is home the many of the amenities for phase 1 and phase 2 buildings (gym, party room, games lounge, meeting room). Condo fees range from $250 up to $344.88 (based on sale data for last 12 months).

Phase 3 - East Market

Located at 179 George Street (K1N 1J8) this 22 level building is comprised of 192 units (two of which are retail) ranging from 455sq ft (floor plan being the Gatineau 1) up to 1705sq ft (floor plan being Sky 4). Built in 2006, the building is quickly picked out of the Ottawa skyline with its clean lines, concrete crown and contrasting red brick exterior. Phase three also features a gym, patio and garden area (with a reflecting pool), and party room, all for use of phase three owners only. Condo fees range from $274 up to $514 per month (based on sale data for last 12 months).

For more information about units available for sale in either of the three phases, please contact me directly 613-286-9501 or use the Contact page.

More Pictures of the East Market

Below is an example of the exposed concrete pillars and ceilings within the East Market.

Below is the gym inside phase two.

Below is a one bedroom unit previously for sale with in phase two. Click here to see the unit and more photos.

—

http://www.MattRichling.com

Yesterday I was able to get some great shots of the progress of The Mondrian. What is great about these shots is that I was on the roof across the street, about the 14th floor. If you can’t tell, I am very excited to see the finished product!

Below is just a snippet of the view you will get facing south (well south east-ish) on about the 14th floor! Just spectacular.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Thought I would provide an update to the progress of The Mondrian at 318 Laurier at Bank Street. It was great to see the red panes of glass starting to be installed in the lower floors which should start to be occupying around June/July.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

Dubbed “Art In Sky”, and inspired after the Dutch painter Piet Mondrian, The Mondrian will be Ottawa’s next beautiful condominium development. Built by Urban Capital, and designed by Deni Poletti, Core Architects, the building borrows many elements from the painter such as straight lines and pure blocks of colour. Amidist the downtown office buildings, the Mondrian itself is art, using slender blocks of red glass and lines of aluminum, for it, a modern building that will be 90-per-cent glass and 100-per-cent light.

Currently there are only ten units left to purchase, almost all two bedrooms in the $300’s, except for two One

Piet Mondrian, Dutch Artist, who's above work inspired the 73 meter condominium building.

Bedrooms (one for $224,900 and the other for $289,900). All of the properties remaining are between $388 pr sqft. up to $405 pr sqft. Note parking is only available with certain units, which is an additional $32,500 with 18sqft lockers costing $3,500. Monthly condo fees are about $0.37 pr sqft. which includes water, insurance and common elements.

Also note: Unit 2008 just became available again, which means if you fell in love with that floor plan you have another chance to get it. Its floor plan is the second composition 08 with the written “2008″ at the top. It is a One Bedroom plus den availble for $289,900.

The lowest units are set for a June/July 2009 closing with the remaining floors not closing, respectively, till November 2009 (Floor 22 or the Penthouses).

Update: I had previously quoted the units as being behind schedule. I was informed today that they are in fact NOT behind schedule. If you ever need a confirmation for your closing date, call your sales office and they will help you get a exact idea for your unit.

For more information check below.

Mondrian - Floor Plans

Link to an Ottawa Citizen Article about the release

You can also watch an episode of Big City Broker where Brad Lamb brings down his team for this launch. Check the episode HERE.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.

David Wex, co-owner of Urban Capital Developments, is standing infront of the Central Condominiums model. Photo Credit: Pat McGrath, The Ottawa Citizen

You might recall this time last year a buzz of excitement in regards to a new development that was being released. Central Condominiums, child of Urban Capital Developments, Tamarack Homes, and Brad Lamb, was launched with a bang. Sister development to The East Market, and the Mondrian, Central is/will be located a few blocks south of the downtown core, and two blocks north of the glebe at the corner of Bank street and Gladstone avenue.

Brad J Lamb (who was the exclusive broker for Central) and his team had sold over 70 units or about 30% within two hours of opening the doors. By the end of the weekend, the team had sold 130 or 56% of the 232 units. The line that first opening day was absolute mayhem stretching from the corner of Bank and Gladstone all the way to O’Connor. The weekend’s launch made it into one of Brad’s episodes on Big City Broker (HGTV). Also check out an article from the Ottawa Citizen that was written on the launch.

Fast forward a year and there have been some interesting changes. Some of the two storey penthouses were cut in half to allow more units at a reduced price. As well the developers decided to switch to a local agent (Jurgen Fretschner of Coldwell Banker) to sell the remaining units (almost 35%).

The Facts

The Central Condominium model with a bald Brad Lamb on the opening weekend in 2008 - Credit to SouthFacing, titled "Ottawa 4424" on Flickr

Prices range from $207,900 up to $525,900 and price per sq. ft. ranges from $339 sq.ft. for a one bedroom plus den to around $431 sq. ft. for a two bedroom plus den penthouse. Condo fees are $0.36 per sq. ft. which includes water, insurance and common element expenses. Have a car? Parking is $27,500 per spot with lockers (about 18 sq. ft.) going for an additional $3,500.

“Features a double storey lounge and party room, located in the space behind the Metropolitan Bible Church facade, containing a kitchen and bar, lounge seating, reading nooks in the church bay windows…” Each unit will also feature stone counter tops, and “New York Subway style” tiling in the bathrooms.

Central is not just following the Eco-friendly trend, but leading the way with its LEED (Leadership in Energy and Environmental Design) silver certification. Registered with the Canada Green Building Council, Central includes many sustainability features such as a hybrid car share program, green roof, on-site car wash and irrigation, low energy usage (reduced by an approximate 35%), recycling system and many more. This is one building that you will be proud to bring your eco-conscious friend over for a tour.

Download the floor plans and “updated” price list below. Note that the price list is not a representation of what is left, just a sample of the prices.

Central Condominiums Floor Plans

One really interesting fact that should be noted is that they are offering a 2% cash back upon closing (as a credit) if you purchase one of the 80 remaining units. If you are interested in more information feel free to email me (Matt[AT]MattRichling.com) and we can take a tour of the showroom.

—

http://www.MattRichling.com

Matt Richling is a sales representative with RE/MAX Affiliates Realty Ltd., Brokerage, Independently Owned and Operated - The opinions of the authors expressed herein do not necessarily state or reflect those of the RE/MAX or RE/MAX Affiliates Realty Ltd., Brokerage.