Cadillac Fairview (CF) has broken ground on its second multi-family residential rental project in the Montreal area.

The project is located at CF Carrefour Laval in Laval, Que., one of Quebec’s premier shopping centres. The launch marks CF’s third overall major multi-residential rental initiative, following the Rideau Registry in Ottawa and 750 Peel in downtown Montreal.

The initial phase of development at CF Carrefour Laval will consist of 365 residential units housed in two towers standing 20 and 11 storeys, respectively. The towers will share a six-storey podium that will feature communal amenities, including a swimming pool and other best-in-class facilities. The project will also include public- space enhancements, ground-floor retail units, two levels of underground parking, and transit access connecting residents directly to the shopping centre.

The project builds on CF’s presence in Montreal’s residential market, which includes the development of the three completed Tour des Canadiens condominium towers in downtown Montreal. According to CF, the Carrefour Laval development aligns with the company’s broader strategy of transforming retail properties into vibrant mixed-use communities.

“This announcement is not just about building much-needed homes in Montreal, but it’s also about creating a dynamic, connected community,” said Sal Iacono, president and CEO of CF. “With our strong legacy in residential development dating back to 1953, CF is proud to be at the forefront of addressing Canada’s housing needs while transforming our retail properties into vibrant mixed-use communities.”

CF’s entry into the residential rental market is part of its effort to diversify its existing land holdings and address Canada’s critical housing shortage, said the company.

“We’ve been dedicated to placemaking since the company’s inception, and the exciting evolution of this property is a strong reflection of our ongoing commitment to the city of Laval,” added Brian Salpeter, CF’s executive vice-president of development.

“This past March, we proudly celebrated the centre’s 50th anniversary, and since building and officially opening the property in 1974, the centre has evolved from 125 stores to become a cornerstone in the Laval community.”

CF Carrefour Laval currently houses 266 stores and is recognized as Quebec’s top-performing retail destination, according to the International Council of Shopping Centres’ annual rankings in Canada.

The first residential units are expected to be ready for occupancy by summer 2027. The project will serve as the first phase of CF’s master-planned community at CF Carrefour Laval, aiming to redefine the shopping centre as a hub for living, working, and leisure.

Owned by the Ontario Teachers’ Pension Plan, Toronto-based CF is a leading owner, operator, investor, and developer of office, retail, multi-family residential, industrial, and mixed-use properties across North America.

Rendering: Cadillac Fairview