The Adelaide, a distinctive eight story, 158 unit rental apartment complex located at Preston Square, in the heart of Ottawa’s exciting and vibrant Little Italy, was conceived, planned, and constructed in the early 2000s as the residential component of Sakto Corporation’s larger Preston Square mixed-use development. Sakto Corporation is a family owned and operated company established in Ottawa in 1983. Since then, the company has become a trusted name in the real estate business and is one of the leading property facilitators in the nation’s capital.
Mixed-use development is loosely defined as any development that blends a combination of integrated residential, retail, and commercial uses and provides pedestrian access to each use. Real estate developer and President of Sakto Corporation, Sean Murray, carefully planned Preston Square to be the very definition of a mixed-use development, offering Adelaide’s tenants the ability to work, shop, and live within one complex. The Adelaide, as part of Preston Square, is one of the few multi-residential apartment complexes in Ottawa that is a part of a larger mixed-use development within the urban confines of the nation’s capital. Further, the Adelaide’s close proximity to public transit also offers its tenants the luxury of not having to own a vehicle.
History of The Adelaide
The Adelaide was inspired by Sean Murray and Jamilah Taib Murray, Chairman of Sakto Corporation, after a visit to the city of Adelaide, which is the largest city in South Australia and the fifth largest city in Australia. Adelaide is very unique city planned by Colonel William Light who laid out the city precisely one kilometer by one kilometer. It was this and the city’s beauty which motivated them to name the apartment complex after it. South Australia is world renowned for its wines which dates back to the mid-1800s and is a constant presence in that part of the country ever since. For that reason and the proximity to the apartment’s Little Italy neighborhood, it was decided to name the various units within the Adelaide apartment complex after various large and successful local South Australian wineries including, Penfolds, Morialta, Picadilly, Galah Stafford, Bridgewater, Leland, Ravenswood, Ashton, Barratt, Glenara, and Arronmonre.