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The Fonds immobilier de solidarite FTQ and Groupe Montoni will redevelop the 1.1-million-square-foot Molson brewery site in Montreal.

Fonds, Montoni Partner on 1.1M-SF Molson Brewery Redevelopment

The Fonds immobilier de solidarité FTQ and Groupe Montoni will redevelop the 1.1-million-square-foot Molson brewery redevelopment project in Montreal after acquiring a former partner’s interest.

Fonds acquired Groupe Sélection’s stake in the project through a court-monitored bankruptcy protection process and then sold a portion of that interest to Montoni. The deal gives Fonds and Montoni 50-50 ownership in the redevelopment project, the companies said Wednesday in a news release.

Potentially, six million square feet of commercial space could be developed on the site. Plans call for about 5,000 residential units, including affordable social and family housing and 200,000 square feet of retail space, a museum and “brewery experience,” park and school.

Fonds, Montoni and Groupe Sélection had planned to redevelop the site together after acquiring it from from Molson Coors Canada in 2019 for $126 million. The announcement on the revised partnership came one day after Montoni and Legault began construction on a $90-million pet food logistics facility in the Greater Montreal Area.


Inside The Story

Fonds immobilier de solidarité FTQMonte Stewart

About Monte Stewart

Monte Stewart serves as Content Director - Canada for Connect Commercial Real Estate. Based in Vancouver, British Columbia, Monte provides daily news coverage of major Canadian commercial real estate markets, including Vancouver, Toronto, Montreal and Calgary. He has written about the real estate sector for various media outlets and Avison Young since the early 2000s. In addition, he has covered sports, general news and business for several leading wire services and publications, including The Canadian Press, The Associated Press, The Calgary Herald, The Globe and Mail, Research Money, The Daily Oil Bulletin, Natural Gas World and The Toronto Star. Monte is active in his community as a youth basketball coach and raises funds for such charitable causes as Movember.

  • ◦Sale/Acquisition
  • ◦Development
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