LONGUEUIL, QUE.—Groupe Devimco has announced a financial partnership with the Fonds immobilier de solidarite FTQ for the construction of its two-tower Sir Charles Condominiums project in Longueuil, east of Montreal.
The condos represent the first phase of a large multi-purpose project in the vicinity of the downtown and the Longueuil Universite-de-Sherbrooke metro station.
Devimco held an official groundbreaking and the unveiling of a sales office and model condo for the project’s initial highrise on recently. The project is valued at more than $800 million and is the largest real estate development to be built in the city of Longueuil to date, stated a release.
In total, the transit-oriented development project will include 1,612 units, with a total area of 1.6 million square feet.
The Sir Charles Condominiums will consist of two highrises with lower commercial extensions. They will be built on a portion of the existing P2 parking lot, not far from Place Charles-Lemoyne. The first will feature 336 units on 25 floors. A terrace, a large lounge area with a barbecue area, an outdoor pool and an indoor Nordic spa will be located on the roof.
On the ground floor, there will be a lounge and a gym with a cardio area overlooking the inner courtyard. Occupancy of the first highrise is scheduled for 2024.
“We are pleased to be partnering with the Fonds immobilier de solidarite FTQ, a loyal partner in many of our projects,” said Serge Goulet, president of Devimco Immobilier, in a statement. “The confidence that this important Quebec institution places in us demonstrates the credibility and quality of our mixed-use real estate projects.”
In a later phase, Groupe Devimco will be building two more highrises atop a commercial basilaire above the current metro station.
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