Relevé Opens Its Doors – Elevating Downtown Rental Living
The partnership between Centurion Asset Management Inc. (Centurion), Westdale Properties (Westdale) and Main + Main proudly announces the grand opening of Relevé, a sophisticated two-tower purpose-built luxury rental community in the heart of downtown Ottawa, located at 400 Albert Street.
The celebration, held on September 10th, was attended by project partners, community members, and honoured guests, including the Mayor of Ottawa Mark Sutcliffe, MP for Ottawa Centre Yasir Naqvi, and Councillor Ariel Troster, who together helped mark this significant milestone for the city's housing landscape.
"As Ottawa grows, projects like Relevé play a key role in ensuring people have access to quality rental homes in great locations," said Catherine McKenney, MPP for Ottawa Centre, in a statement. "This development is exactly the kind of investment that supports the Province’s priority to provide more homes in transit-oriented neighbourhoods."
Just steps from Lyon Station, Relevé offers 567 total rental units ranging from studio to three-bedroom suites paired with premium amenities designed for modern urban living. Highlights include a rooftop pool, BBQs, and lounge seating; an Entertainment Zone with virtual golf, billiards, and karaoke; a stylish Celebration Suite; fully equipped co-working spaces; and an EV car and e-bike sharing service. Every feature is crafted to blend comfort, convenience, and community in the heart of downtown. Relevé is also pleased to be offering 57 affordable rental units, along with 20,000 sq ft of ground floor retail, which will be a welcome addition to the Centretown community.
"Relevé reflects Centurion's ongoing commitment to delivering best-in-class rental housing in markets where demand is both strong and sustained," said Stephen Marshall, Executive Vice President of Operations at Centurion Asset Management. "By bringing together quality construction, thoughtfully designed amenities, and an unbeatable location, we're providing much-needed housing while helping strengthen the long-term vibrancy of Ottawa's downtown."
Beyond its striking design and well-planned amenities, Relevé is the result of close collaboration between development partners committed to elevating rental living in the city. A new 4,500 sq ft public park, including a water play feature, will further enhance the public realm at the Lyon Street and Albert Street intersection.
"Relevé represents the kind of high-quality, design-forward rental housing that cities like ours need," said Mitchell Cohen, the Chief Operating Officer of Westdale.” We're excited to be part of a project that brings together great living spaces and community-focused amenities, all located in one of Ottawa's most walkable neighbourhoods."
Daniel Byrne, President of Main + Main, shared: "With Relevé, our goal was to build a standout residential community that really adds to downtown Ottawa. We've thought through every detail from the design to the features so residents can enjoy a connected, modern, and vibrant way of life."
The development project has generated over $50M in fees paid to the Municipality, Province and Federal governments:
- ~$17M in HST sales tax
- ~$12M in Development Charges
- ~$3M in miscellaneous charges
- Over $20M in increased property taxes over the first 10 years of the project
Looking to raise the bar of downtown rental living? Discover what makes Relevé the perfect place to call home, schedule a tour or learn more today.
About Centurion Asset Management Inc.
Centurion Asset Management Inc. is a leading asset management company specializing in private alternative investments across real estate and corporate mortgage financing.
Centurion currently manages over $7.8 billion in assets across its multi-residential, student housing, and medical office portfolios.
With a growing presence in 45 cities across Canada and the U.S., Centurion is committed to providing high-quality rental housing, supporting real estate development, and delivering strong, stable returns for investors.
For more information about Centurion, please visit centurion.ca.
About Westdale Properties
For over 60 years, Westdale has owned, managed and developed real estate across Canada and the United States. A family-owned company, Westdale is committed to creating positive experiences for the tens of thousands of North Americans who call our buildings home, and for those who work and shop at our properties. This commitment fully extends to our partners, suppliers, contractors, and our team of over 1,400 dedicated employees.
With a core business consisting of over 45,000 residential units in Ontario, Quebec and Nova Scotia and 11 U.S. states, Westdale continues to expand its portfolio to include over 4 million square feet of retail, office, industrial, food & beverage and hospitality properties on both sides of the border. Westdale is also actively involved in a number of significant urban residential developments across North America, including projects in Toronto, Ottawa, Calgary, Halifax, Atlanta, Dallas and Miami.
About Main + Main
Main + Main is a well-established developer of new-build rental and condominium projects that have a reputation for excellence in design and construction to provide tenants with a place they are proud to call home. Main + Main has deep roots in Ottawa and also operates in Montreal and Toronto.
The company has several purpose-built rental projects in the works in Ottawa that will add more than 2,000 units to the city’s rental market. With a mission to raise the bar on the new-build rental scene, Main + Main offers quality, sophistication and comfort to Ottawa residents.
Media Contact: All media inquiries should be sent to [email protected].