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Major Laval project breaks ground

DCN News Service
Major Laval project breaks ground

LAVAL, QUE—Urbania 2 partners Société de développement Urbania and the Fonds immobilier de solidarité FTQ broke ground Nov. 25 on the first tower of a significant multi-residential development planned for Laval, Que., that will ultimately consist of six buildings totalling 1,150 condo units.

Taking what is termed a "transit-oriented development" approach, the project is located close to the Montmorency metro and the future Place Bell, at the intersection of Émile-Martineau and Lucien-Paiement. The first tower will consist of 223 condos over 16 floors, plus 246 parking spaces. A January 2017 completion date is expected.

Urbania 2 offers one- to three-bedroom condos and two-storey townhouses. The project will also feature a large courtyard with a waterfall and leisure and gardening space, as well as nearby walking and running trails. Other amenities that are part of the project or nearby include a pedestrian street, cafes and restaurants, a shopping area and a university district.

This first tower, valued at almost $51 million, is expected to generate approximately 340 jobs.

As of May 31, the Fonds immobilier had 38 projects in progress, 38 properties under management, 18 million square feet of land and $53 million invested in affordable, social and community housing. The Fonds immobilier is a member of the Canada Green Building Council.

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