Colonnade BridgePort has officially broken ground on RYSE, a new purpose-built multi-residential development located at 1950 Scott Street in Ottawa’s Westboro neighbourhood. Designed to meet the growing demand for high-quality rental housing in one of the city’s most sought-after communities, RYSE will offer a modern living experience that emphasizes connectivity, livability, and convenience.
Ideally situated steps from the transitway and within walking distance of shops, parks, and other neighbourhood amenities, this 22-storey, 243-unit tower is being developed through a partnership between co-owners Claridge Real Estate Investments and the CBP Real Estate Fund, together with CBP Development and construction partner Morley Hoppner.
“RYSE reflects our strategy to deliver high-quality, transit-oriented multi-residential developments that contribute to building a more connected and livable Ottawa,” said Kelly Rhodenizer, Senior Vice President, Development. “This project will bring much-needed rental supply to the market while adding to the vibrancy and continued evolution of the Westboro community.”
RYSE will feature a mix of studio, one-, two-, and three-bedroom suites, along with contemporary finishes and carefully curated indoor and outdoor amenity spaces. Ground-floor retail space will further enhance the building’s integration with the surrounding neighbourhood. Reflecting a commitment to sustainable design, energy efficiency, and environmental performance, RYSE is being constructed to achieve LEED® Silver certification. Initial occupancy is scheduled for Summer 2027.
RYSE is the second project to get underway in Colonnade BridgePort’s $2 billion development pipeline, backed by equity from the CBP Real Estate Fund. The company previously broke ground on Artefact on Argyle—a 12-storey, 127-unit residential development in Centretown—in November 2024. Additional projects are scheduled to launch in the coming months
With a focus on expanding access to institutional-grade investment opportunities, Colonnade BridgePort’s fund management division, CBP Capital, is preparing to launch two new real estate investment funds targeting key secondary markets across Canada
