The Parkstone (New Development)

The Parkstone (New Development)

November 16, 2023
Richmond & Island Park

Discover the Best of Westboro Living: Luxury Residences and Retail Leasing in one of Ottawa’s most exciting Neighborhoods

About this property

Steps away from the Ottawa River, in Ottawa’s thriving neighbourhood of Westboro, this brand-new, mixed-use development will be home to 936 SF of premium retail space. Addressing the demand for new condominium developments in the area, this 9-storey building at the intersection of Richmond Road and Island Park Drive will also include 103 residential units. Residents will be able to benefit from the excellent 100 bike score, 90 walk score, and 75 transit score. Construction is underway, with retail possession estimated for Q4 2026.

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LOCATION

70 Richmond Rd, Ottawa, ON
Southwest corner of Richmond Road & Island Park Drive

PROPERTY FEATURES

SIZE

Future Retail 936 s.f.

Residential (103 units) 97,818 s.f.

Total GFA 98,754 s.f.

Q4 2026

UNDERGROUND PARKING

Yes

CURRENT RETAIL OPPORTUNITIES

Unit #1: 936 s.f.

CONTACT
David Scorniaenchi

David Scorniaenchi

VICE-PRESIDENT, LEASING

P. (416) 660-2499
E. DSCORNIAENCHI@TRINITY-GROUP.COM

James Gibson

REPRESENTATIVE, LEASING

P. (647) 726-1350
E. JGIBSON@TRINITY-GROUP.COM

GALLERY

Site Plans

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Robert Wells

Vice President, Development &Acquisitions

Rob joined Trinity in 2020 with over 22 years of experience in land use planning and development across both the public and private sectors. He has led projects ranging from small-scale infill to complex mixed-use high-rise developments in Toronto, Ottawa, and the Greater Toronto Area.

 Rob’s expertise spans the full development lifecycle, including municipal approvals, stakeholder engagement, and final permitting. He has been directly involved in redeveloping over 4.5 million square feet of mixed-use space and currently oversees a portfolio of 2.2 million square feet of residential and retail development.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

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Rossi Sas

Rossi Sas

Vice-President, Investments

For over 30 years of investing in private real estate, Trinity has been able to achieve strong risk adjusted returns sought after by our sophisticated institutional partners.

Rossi joined Trinity in 2015 as a financial analyst. He is responsible for sourcing, underwriting, and negotiating acquisitions and dispositions across Canada. He is also responsible for project financing and joint venture agreements.

Rossi has over 10 years of experience in direct real estate investment, asset management and development, in addition to financing. Rossi has transacted on over $1.3B of assets across retail and multi-family asset classes as well as land development.

Rossi received an Honours Business Administration degree from the Ivey Business School at Western University.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

Bradley Gordon

Bradley Gordon

Vice-President, Operations

Exceptional properties attract exceptional tenants. Through holistic management and strategic implementation, Trinity has managed to achieve both.

Bradley joined Trinity in 2020 as Vice-President, Operations

Bradley is responsible for the management of Trinity’s existing property portfolio and the onboarding of newly acquired properties. He directly oversees tenant relations, property maintenance, contract negotiations, accounts receivable, and financial reporting.

Bradley has over 13 years of experience in property management, land development, and asset management. Throughout his career he has managed over 4.5 million square feet across commercial, residential, and industrial asset classes. Bradley holds the Professional Land Economist (PLE) designation.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

David Scorniaenchi

David Scorniaenchi

Vice-President, Leasing

Forged by strong tenant relationships and a first-class, mixed-use portfolio, Trinity is an industry leader in creating a desirable sense of place for our diverse retail mix

David Scorniaenchi is the Vice-President, Leasing, specializing in strategic lease negotiation. He joined Trinity in 2019 and brings over 13 years of experience in real estate.

David leads all aspects of Trinity’s leasing portfolio across Canada and our team of leasing professionals in driving value and delivering premium retail and office space to our tenants. He plays a significant role in managing relationships with partners and tenants, lease negotiations and transactions, design and development of future retail spaces, and maintaining a strong marketing program. Prior to joining Trinity, David served as Director, Real Estate at Dream Unlimited, responsible for the urban Toronto portfolio. He was instrumental in bringing an enhanced retail offering to the newly developed Canary District including Marcheleo’s grocery store. Earlier in his career, David managed a portfolio of shopping centres located in the GTA & Ottawa at Choice Properties REIT.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

B-Arch. M.Sc. (Arch), MREI, LEED AP

Ahmed Zayed is a seasoned professional with over 15 years of experience in real estate development, design, and construction. Ahmed joined Trinity in 2018, and he now oversees the design and construction management of all Trinity’s projects and developments.

Ahmed holds a Masters of Real Estate and Infrastructure (MREI) degree from Schulich School of Business, York University, Toronto, and a Master’s of Science in Architecture from Cairo University. He is also a LEED AP certified professional.

Throughout his career, Ahmed has successfully managed and directed diverse mixed-use developments and master plans. His proficiency extends to sustainable design, site feasibility analysis, building codes, and constructability. In addition to his work in Canada, Ahmed has also made significant contributions to the real estate landscape in Dubai, where he was involved in several landmark projects including One Za’abeel and the Deira Enrichment Masterplan.

Ahmed also serves as a Co-Instructor at the Schulich School of Business, York University, Toronto.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

Adam Cohen

Adam Cohen

Chief Financial OfficerCPA, CA

Trinity’s exceptional properties are supported by efficient capital allocation, a robust operational platform, and continued investment in our deep bench of talented professionals

Adam joined Trinity in 2022 as Vice-President, Finance.

Adam is responsible for all financial aspects of the firm, including financial planning and analysis, investor financial reporting, treasury, taxation, and IT.

Adam has extensive global experience in finance and real estate and has been involved in corporate transactions exceeding $1.5B. Prior to joining Trinity, Adam held progressively senior positions at Skyline Investments, European Commercial REIT, AGF Investments, and Goldman Sachs. In these roles, Adam was responsible for FP&A, investor relations, corporate strategy, deal execution, and system integrations.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

Fred Waks

Fred Waks

President & CEO

I want Trinity to be known for our ability to realize the full potential of an opportunity, and for having the expertise to deliver lasting value for our investors — and our communities.

Fred Waks joined Trinity in early 2015 as President and Chief Executive Officer.

Fred most recently held the position of President and Chief Operating Officer at RioCan, where he gained national recognition for being an integral part of the team who transformed the company into the largest retail landlord in Canada. During his tenure, RioCan grew from $100 million to $15 billion in assets. His profile and expertise have made him a sought-after expert on real estate development with top tier Canadian business media. Previously Fred was Chairman of the European Commercial Real Estate Investment Trust and Vice-Chair of Extendicare.  Most recently appointed as a member of the Board of Directors of the Ontario Energy Board. 

Fred is an active community leader and is involved with a number of local and national charities; he sits as Chairman on the Friends of Simon Wiesenthal Centre Board of Directors, he served as Past Chair of the Sunnybrook Hospital Foundation, Chair of Sherman Campus Leadership Committee, Honorary Trustee of the ROM, and Past Chair of the Jewish Foundation of Toronto. Fred is a recipient of the Queens Diamond Jubilee Medal for service to Canada and his community. Most recently, Fred was a proud recipient of the King Charles III Coronation Medal.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments

John Ruddy

John Ruddy

Executive Chairman

MULTI-USE DEVELOPMENTS, SINGLE-MINDED EXCELLENCE

John Ruddy founded Trinity in 1992, having already established himself as one of Canada’s foremost and most respected developers. As Executive Chairman, John is responsible for leading the strategic direction of the organization, and is committed to continuing Trinity’s position as Canada’s leading real estate development group.

Trained as an architect, John began his career in the industry in 1977 before founding Trinity to focus on the then emerging large format retail centres. Under his leadership, Trinity has gone on to develop more than 25 million square feet in communities across Canada, employing industry-leading designs and creative mixed-use strategies.

John is a prominent and active philanthropist, serving as Honorary Chair at the Royal Ottawa Hospital Campaign for Mental Health, and spearheading their $25 million campaign to fund research, care and advocacy. He has also established the Trinity Foundation, providing support at the community level for youth education and sports, seniors, health and the arts. His passion for sports led him to be the champion and lead donor for the revival of the football program at Carleton University after a 15 year absence.

He is a majority shareholder of Ottawa Sports and Entertainment Group, which owns the CFL franchise Ottawa Redblacks, the Ottawa Fury Soccer Club, and the OHL Ottawa 67’s. Originally founded to re-establish CFL football in the nation’s capital, OSEG is also responsible for the revitalization of 48-acre Lansdowne Park — a redevelopment that exemplifies Trinity’s ambitious and forward-thinking approaches to vertical mixed-use developments.

John Ruddy

John Ruddy

Executive Chairman

Fred Waks

Fred Waks

President & CEO

Adam Cohen

Adam Cohen

Chief Financial Officer

Ahmed Sayed

Ahmed Zayed

Vice-President, Construction & Design.

David Scorniaenchi

David
Scorniaenchi

Vice-President, Leasing

Bradley Gordon

Bradley
Gordon

Vice-President, Operations

Rossi Sas

Rossi Sas

Vice-President, Investments