MONTREAL — Montreal real estate developer Devmont has announced the launch of phase three of its Westbury Montreal project.
The phase will include 155 residential units on 12 floors including 138 condominiums of one, two and three bedrooms, six townhouses and 11 penthouses with private terraces, noted a Sept. 18 statement. The launch, which was slated for Sept. 22, comes 18 months after the kick-off of phase one.
Westbury Montreal, located on a 370,000-square-foot lot in The Triangle on Rue Jean-Talon Ouest, will consist of 550 residential units in four towers, an office tower, commercial space, restaurants and a central park. The development will include a 290-room Hilton Garden Inn/Hilton Homewood Suites, including conference rooms and a 5,000-square-foot ballroom.
The groundbreaking of phase three will take place in the fall of 2019 and delivery is expected by the fall of 2020. Early phases of the Westbury are expected to be completed by 2019. The entire Westbury Montreal complex will be completed by 2022.
The common areas of phases three and four Westbury Montreal have been designed by Montreal-based Desjardins Bherer. Neuf Architectes is also a project architect.
“Sales for new condos near the outskirts of downtown Montreal have increased. Compared to the first two quarters of 2017, those of 2018 show a 31 per cent increase in this sector, which includes the Cote-des-Neiges district. In addition, data for the second quarter of 2018 showed that 25 per cent of new condo sales in Cote-des-Neiges came from Westbury Montreal development co-ownerships,” commented Vincent Shirley from Altus Group in the statement.
“We are fortunate to have a very experienced team to meet this overwhelming demand for our mixed-use Westbury Montreal project. It is unprecedented for Montreal developers to launch three phases in less than 18 months,” said Sam Scalia, president of Devmont.