OTTAWA, June 16, 2017 /CNW/ - Mattamy Homes, North America's largest privately owned homebuilder, is pleased to announce that it has acquired a significant position in the Wateridge development on the former Canadian Forces Base Rockliffe from the Canada Lands Company (CLC).
The acquisition, Mattamy's first foray into urban Ottawa, consists of nearly 14 acres across four separate blocks. The company plans to build approximately 650 units on the site over the next five years, featuring a diverse mix of mid-rise product including rear-lane townhomes, stacked townhomes and six-story mid-rise construction. With this acquisition, Mattamy Homes is diversifying from a predominantly low-rise builder in the Ottawa suburban market.
"Our objective with this community will be to establish a new benchmark for partnership and architectural excellence in the heart of Ottawa," says Kevin O'Shea, Mattamy's Division President, Ottawa. "We are so excited to work with the City of Ottawa and other partners to create something unique, and to engage in a bold vision for the future of development in our city. All of us at Mattamy are looking forward to the opportunities this will create for the company to venture into more infill opportunities."
Mattamy's sales centre will open in the spring of 2018 with occupancy of the first homes anticipated for the spring of 2019.
Wateridge Villiage is a mixed-use development in the heart of Rockliffe that will eventually be home to approximately 9,800 residents.
About Mattamy Homes
Mattamy Homes is the largest privately owned homebuilder in North America, with operations across Canada and the United States. Mattamy has sold 90,000 homes in hundreds of communities. In Canada, those communities stretch across the Greater Toronto Area, as well as in Ottawa, Calgary and Edmonton. In the United States, the company is represented in nine metropolitan areas – Charlotte, Phoenix, Tucson, Jacksonville, Orlando, Tampa, Sarasota, Naples and Southeast Florida. Visit www.mattamyhomes.com for more information.
SOURCE Mattamy Homes Limited
For further information: Jason Rumer, Vice President, Land Development, Mattamy Homes Limited, Jason.Rumer@mattamycorp.com