Canada-based real estate company Groupe HD, family-owned investment company Kastello Immobilier and private real estate company CPD Immobilier have collaborated to deliver a new residential and commercial complex in Montreal.
Currently underway in Montreal’s Saint-Michel neighbourhood, the project entails an investment of more than C$150m ($110.5m).
The six-storey complex will offer 380 rental units and over 20,000ft² of commercial space.
Groupe HD co-president Thomas Dufour said: “By harnessing the potential of this evolving sector, Groupe HD is once again committed to creating sustainable living environments that align with the transformation of neighbourhoods and the people who live in them.”
Kastello Immobilier partner and real estate vice-president Mathieu Colette said: “Kastello Immobilier is proud to contribute to the development of a high-quality living environment in a neighbourhood undergoing major change, while also integrating nearly forty affordable housing units.”
The site’s location is in proximity to Frédéric-Back Park, Cirque du Soleil headquarters, and the TOHU.
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By GlobalDataIt is also said to be within walking distance of the Saint-Michel metro station, offering access to public transportation, including bus routes, BIXI bike-sharing, and the REV express network.
The project is stated to align with the borough’s urban planning goals, aiming to bolster the long-term revitalisation of the sector by providing a balanced mix of residential and commercial spaces.
Construction Praxis, the construction division of Groupe HD, will undertake the building work set to commence at the end of this year.
