$700M development to arise in Montreal

$700M development to arise in Montreal

$700M development to arise in Montreal

A consortium involving Devimco Immobilier, the Fonds immobilier de solidarité FTQ, and Fiera Properties has announced the development of MAESTRIA, slated to become the largest mixed-use project so far in Montreal’s Quartier des spectacles.

Estimated to cost $700 million, the project will erect 2 towers (51 and 53 storeys tall), and will offer 1,000 condo units along with 500 rental spaces. The development will be accessible to Jeanne-Mance, De Bleury, and Sainte-Catherine streets.

“We are proud to be building a distinctive, avant-garde property that will help enhance the urban fabric of this booming arts and culture district,” Devimco Immobilier president Serge Goulet said.

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“With this landmark project, we intend to maintain the Devimco tradition of creating a living environment with mixed uses that will serve project residents as well as visitors to this highly popular part of Montreal,” he added.

Available units, which will be marketed starting February 2019, are designed to offer 300 up to 2,500 square feet of space. The development will also have 512 interior parking spaces, as well as a wide range of luxury-level amenities.

Construction is due to begin by the end of 2019.