OTTAWA, Ontario, Aug. 8, 2017 /CNW/ -- Sakto Corporation, a real estate development and property management firm based in Ottawa's Little Italy, welcomes plans for the mixed-income development being called Gladstone Village.
"Sakto Corporation's mixed-use development in Preston Square with retail, residential, and office is based in the heart of Little Italy, minutes away from the proposed Gladstone Village," said President and CEO of Sakto Corporation Sean Murray. "This new community and school will increase foot traffic and bring visitors to an already vibrant and growing Ottawa neighborhood." Preston Square is home to many local businesses, and popular eateries including Heart and Crown, Kiko Sushi Bar, Salt, and Starbucks.
Gladstone Village, acquired by the Ottawa Community Housing Corporation for $7 million on May 11, will be Ottawa's first mixed-income development combining affordable and subsidized housing with market-value homes. The village will include not only residential but commercial, retail, and green spaces for the community.
The prospect of a French public school embedded into Gladstone Village creates potential for growth to Little Italy. The Conseil des écoles publiques de l'Est de l'Ontario (CEPEO) currently has plans to open a school in Gladstone Village in five years.
Gladstone Village is predicted to be a dense neighborhood with ample transportation opportunities via the future Gladstone LRT station located next to Gladstone Village, adjacent to Gladstone Avenue. The LRT line will greatly increase the ease of travel throughout Ottawa bringing neighborhoods together with the speed of light rail.
Sakto Corporation is a privately owned and operated real estate holding and investment firm founded and located in Ottawa, Canada. Throughout its three decades of operation, Sakto Corporation has remained true to its core standard of excellence and integrity. Company President Sean Murray has enhanced Sakto Corporation's portfolio and reputation, including the construction of phase one of Preston Square in 1989. Located in the heart of Ottawa's Little Italy, this project was awarded 2010's BOMA's Building of the Year for Preston Square. Today, the company owns and manages multiple property holdings and is renowned as one of the nation's capitals foremost property facilitators. Jamilah Taib Murray is the Chairman.
SOURCE Sakto Corporation
For further information: For further information: Brian Murray, Director of Leasing and Business Development, Sakto Corporation, [email protected], (613) 230-3434 ext. 237, http://www.sakto.com.