MONTREAL — Groupe Devimco has broken ground on its Auguste & Louis Phase 2 project in the Quartier des lumieres in Montreal.
The developer is partnering with Fonds immobilier de solidarite FTQ and Fiera Real Estate on the project, located at the intersection of Rene-Levesque Boulevard East and Beaudry Street on the site of the former CBC/Radio-Canada tower.
Valued at $111 million, the project features 253 condominium units over 21 floors. Studios and one- to three-bedroom units span up to 1,259 square feet. The first units are scheduled for delivery in 2025. This second phase is part of an overall project that will deliver 2,200 condominium units in Quartier des lumieres, representing a total investment of $1.15 billion, stated a release.
The project was designed by the Provencher_Roy. Features include a rooftop terrace with an urban garden, an outdoor lounge with a baebecue area, fire pit, Adirondack chairs, outdoor pool, urban gardens and a pergola, an indoor lounge on the ground floor with a double-height ceiling that can be privatized, and a 32,000-square-foot landscaped inner courtyard.
“Groupe Devimco is extremely proud to contribute to Montreal’s economic vitality by investing a total of nearly $1.15 billion for the construction of 2,200 residential units in this historic neighbourhood that promises to become a beacon of the city. The Quartier des lumieres will redefine the landscape of the Ville-Marie borough, and we are particularly excited to contribute to building this unique living environment for Montrealers,” said James Goulet, partner of Groupe Devimco, in a statement.
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