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Gatineau land parcel sells for $14 million, paving way for residential tower development

Rizzo Capital acquires nearly 2.7-acre site, plans four 15-storey towers totalling 519 units
A rendering showing the four-tower residential development planned by Rizzo Capital for the nearly 2.7-acre development site at 83 Rue De La Cité-Jardin in Gatineau, Quebec. (CoStar)
A rendering showing the four-tower residential development planned by Rizzo Capital for the nearly 2.7-acre development site at 83 Rue De La Cité-Jardin in Gatineau, Quebec. (CoStar)
By Darrell Clark with
CoStar Research
August 21, 2026 | 9:26 P.M.

Rizzo Capital, a privately held boutique real estate development firm based in Montreal, acquired a 2.69-acre development site at 83 Rue De La Cite-Jardin in Gatineau, Quebec, where it plans to build four 15-storey residential towers comprising a combined 519 units.

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