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About Us

About Ave31 Ottawa

Founded in 2016, Avenue 31 is an Ottawa-based real estate development and investment company that buys, develops, and holds income-producing properties. Our goal is to create a diversified property portfolio, predictable revenue and capital growth in an increasingly volatile economic environment. Our team of real estate development professionals and our key partners bring an exceptional experience to our projects and investors to create lasting positive results for everyone.

850 ACRES

of industrial lands
in the development
pipeline

$40 MILLION

of created value from an
$10.9 million of paid-up
capital

$60 MILLION

of industrial space under
construction in Ottawa

6 MILLION FT2

of potential logistics space for
development with a building
value of over $1 billion

850 ACRES

of industrial lands
in the development
pipeline

$40 MILLION

of created value from an
$10.9 million of paid-up
capital

$60 MILLION

of industrial space under
construction in Ottawa

6 MILLION FT2

of potential logistics space for
development with a building
value of over $1 billion

Our Purpose

Our aim is to build a principled and lasting real estate development brand with a diversified stream of rental income from large-scale multi-modal logistics and industrial properties, and rental housing across Canada.

 

Here’s what matters to us:

GREAT LAND

Identifying and focusing on resilient, and growing real estate asset classes that hold value in the face of economic, environmental, and social changes.

GREAT PEOPLE

Hiring and working with industry leaders and innovators to bring progressive, future-proof, and forward-thinking design to real estate development.

RECOGNIZING OUR RESPONSIBILITY

Recognizing and respecting the responsibility we have as real estate developers to — society, the environment, our investors, and our clients and tenants.

NETWORK THINKING

Using network thinking that recognizes the interconnectivity and synergies that exist between our great people and our great land.

ACTING WITH INTEGRITY

Ensuring that our actions and projects truly live up to our core principle of “integrity at the heart” by taking an honest and honourable approach to business.

DIVERSE INCOME STREAMS

Developing a balanced real estate and investment portfolio with three distinct asset classes, with the goal of fostering regular and consistent returns for the company and our investors.

A Carbon-Neutral Developer

Meeting the challenge of climate change is a core part of our philosophy. Low and zero carbon developments deliver significant advantages to both tenants and communities, and we aspire to be a carbon-neutral developer. We’re committed to developing projects that will be premier examples of environmental leadership.

We’ve invested in building technologies, on-site renewable energy, building controls systems, and energy demand management to support our carbon neutral targets and commitment to high-performative development.

In addition to the environmental imperative, we believe strongly that carbon pricing will provide significant revenue and investment potential in real estate development, and that our identified asset classes will allow us to take advantage of these opportunities.

Meet Our Team

At Avenue 31, integrity is at the heart of everything we do. All our processes and decisions are aimed at adhering to this core principle shared by each member of our dynamic team.

MEET OUR TEAM

Our History

Since its inception in 2016, Avenue 31 has undertaken a number of strategic partnerships and innovative land deals, including those with the National Capital Commission (NCC) and a 675 acre land assembly in Long Sault.

Avenue 31 Ottawa Visiting Cards
2016

Avenue 31 is formally incorporated by Michel Pilon.

Avenue 31 Ottawa
2017

Avenue 31’s first office is opened in Ottawa at 222 Somerset Street West, and the first round of equity financing is completed.

Avenue 31 Land Development Projects
2018
  • Avenue 31 signed an agreement to lease 99 acres with NCC for the National Capital Business Park. 
  • Closed the company’s first land transaction on Boundary Road for a national trucking company’s transport terminal.
Avenue 31 Ottawa Land Development
2019
  • Avenue 31 received approval from the federal government for the National Capital Business Park.
  • Closed the company’s second land transaction at Boundary Road and Thunder Road. 
  • Completed the second round of equity financing.
Ave31 Ottawa
2020
  • Avenue 31 secured 680 acres of industrial land along Highway 401 near Cornwall, Ontario for the development of a transmodal logistics village.
  • Obtained planning permissions to commence development of the National Capital Business Park (NCBP).
2021
  • Avenue 31 filed a site plan application with the  Township of South Stormont for the first phase of a multi-modal logistics village.
  • Began construction on first building and Last Mile Drive at NCBP.
  • Secured first two tenants for Building C at NCBP.
  • Completed the third round of financing raising  $7.1 million.
  • Redesignated land at High Rock Logistic Park.
  • Added two new board members
  • Opened larger office in Ottawa at 250 City Centre.
2022
  • Started construction on two industrial buildings at National Capital Business Park totaling 295,000 sf.
  • Raised $19 million of equity in a limited partnership for these two buildings.
  • Rezoned 44 acres of land at the Boundry Road/HWY 417 interchange to permit rural industrial freight and logistics uses.
  • Completed the base building for Building C located at 1000 Last Mile Drive, a brand new  municipal road.
  • Fully leased Building C