LONGUEUIL, QUE. — Devimco Immobilier has announced it has been selected by the City of Longueuil in Quebec to help develop and plan a mixed-use development to be located at the Longueuil-Universite-de-Sherbrooke metro station.
The $500-million transit-oriented development project will cover an area of one million square feet and will be built above the metro station, said a recent media statement.
The project includes a residential component with 525 condos and rental units, a hotel and traditional office space as well as extensive co-working spaces that could serve as incubators for start-ups and small- to medium-sized enterprises.
The Devimco statement said the neighbourhood has the potential for commercial and cultural project development and also educational projects, given the proximity of three university campuses — Universite de Sherbrooke, Universite de Montreal and Universite du Quebec a Montreal.
“We want to achieve Longueuil’s vision by creating a multifunctional urban core where integrating different experiences is key to developing a genuine living environment. That’s why we’re planning an integrated, mixed-use space where people can live, work and access the services they need,” said Devimco Immobilier president Serge Goulet in the statement.
Other current Devimco Immobilier projects include the expansion of the District Griffin project in Montreal, development of the $1.3-billion Solar Uniquartier on the northwest corner of Autoroutes 30 and 10 in Montreal and Square Children’s, on the site of the former Montreal Children’s Hospital in downtown Montreal’s west end.