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Devimco and partners announce $700M mixed-use Montreal project

DCN News Services
Devimco and partners announce $700M mixed-use Montreal project
DEVIMCO - The $700-million Maestria project in Montreal will feature a walkway with skylounges 25 storeys up linking two residential towers and offering views of special events in the nearby Quartier de spectacles.

MONTREAL – Devimco Immobilier, the Fonds immobilier de solidarite FTQ and Fiera Properties have announced a partnership to develop a $700-million mixed-use real estate project at Montreal’s Quartier des spectacles.

Maestria will feature two towers, 51 and 53 storeys high, with access points on Jeanne-Mance, De Bleury and Sainte-Catherine streets, said a Nov. 22 release. Marketing of the approximately 1,000 condo properties and 500 rental units will begin in February 2019, and construction is due to start by the end of 2019. The towers will be built on part on the former site of Le Spectrum de Montreal.

Lemay has been announced as a consulting architect. Daniel Arbour, a senior partner with the firm, said in the statement the project offers “a nod in the direction of the Quartier des spectacles, a project with a powerful identity and a unique signature, with the two tall towers seemingly in motion, like a pair of tango dancers.”

He added, “The design includes, at the 25th-storey level of the towers, the highest walkway between two buildings ever to be built in Montreal, where residents will enjoy a prime view onto every major event held in the Place des Festivals below.”

The project includes units ranging from 300 to 2,500 square feet, 512 interior parking spaces, a “semi-Olympic indoor pool” with lanes, an outdoor pool with spa, a full Scandinavian thermal pool and spa circuit, a 4,800-square-foot fitness room and a virtual-golf room.

The project will also include two skylounges with terrasses, 25 storeys up, providing access to a SkyBox that will overlook the Esplanade des Festivals/Place des Arts complex.

In addition there will be a games room for children, a library and business centre, movie theatre, a multipurpose room and games room, and music rehearsal studios and creative studios.

The partners in the project also announced donations totalling $100,000 to promote children’s welfare.

“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,” said Devimco Immobilier president Serge Goulet in the statement. “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.”

DEVIMCO – The Maestria project will feature two towers, 51 and 53 storeys high, with access points on Jeanne-Mance, De Bleury and Sainte-Catherine streets. Construction is slated to start at the end of 2019.

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