Gare Viger 750K-SF Redevelopment Opens in Montreal
Jesta Group has officially opened the 750,000-square-foot Place Gare Viger redevelopment in Montreal.
The site in the city’s Old Montreal district includes 321 apartments, 270,000 square feet of office space 30,000 sf of commercial and dining spaces, a 177-room Hyatt hotel and 5,000 sf of meeting space, Jesta said in a news release.
The redevelopment includes the restoration of the historic Chateau Viger, which was built in 1898 by the Canadian Pacific Railway. (Gare is the French world for train station.)
“This ambitious project transforms this area of Old Montreal into a vibrant campus with a demand that has exceeded all expectations, with only two commercial spaces still available,” Jesta said in the news release.
Contrary to current trends in downtown Montreal, the redevelopment’s office spaces have been in high demand since the COVID-19 pandemic. Montreal-based e-commerce firm Lightspeed now occupies the entre chateau and Novartis Pharma Canada’s head office now comprises two floors in the new Viger tower.
Jesta is a Montreal-based developer and asset manager that operates globally.
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.