Kodem has unveiled plans for a new a 334-unit rental apartment complex in the Greater Montreal Area.
The $140-million real estate development will be situated on a former industrial property at 275 Hymus Boulevard, near a light-rapid-transit station, in Pointe-Claire, Que. Occupancy is slated for the summer 2025.
“Hemisphere is about transforming an urban space into a meaningful place,” said Kodem founder and president Benjamin Sternthal in a news release.
Hemisphere will comprise two mid-rise buildings and take the form of the letter H. Amenities will include a lap pool and outdoor terrace, hot tub, bocce courts, community gardens, dog park, business centre with huddle rooms, private work booths, boardroom, catering kitchen, café, lounge and library.
Architecture firm Neuf is collaborating with Montreal-based Kodem on the project, along with Agence immobilière Six and Norexco Construction. The project has received approval under Canada Mortgage and Housing’s MLI Select program.
MLI Select allows for reduced premiums and longer amortization periods based on a new construction project or existing property’s affordability, accessibility and climate compatibility.
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.