Update: Claridge Plaza 3 Now On Sale

The wine flowed freely and the crowds were thick and giddy at yesterday's pre-launch for Claridge Plaza 3:

Phase 2 is well underway with an occupancy of early 2011 and Phase 3 begins in early 2010 with the demolition of the National Bank of Canada building on the southeast corner of Rideau and Cumberland St. In keeping with Phase 1 and 2, Claridge Plaza 3 is offering much the same formula: basic yet affordable urban home ownership, steps from all the fun and madness of the Byward Market.

The floorplans for Phase 3 seem to suggest that Claridge has decided to focus their attention of two groups of buyers: the first time urban dweller more concerned with location and price than size or upgrades, and the affluent baby boomer also looking for a prime location but with the view, space and amenities to show for all of their hard work.

Given that these units won't be ready until mid-2013, pricing for Claridge Plaza 3 represents great value in light of how Ottawa's downtown condo market has been performing over the past few years. Another posting follows with pricing and details of my picks for this project.