Groupe HD, Omnia Technologies and Kastello Immobilier have broken ground on a $190-million residential mixed-use project in the Montreal borough of Mercier–Hochelaga-Maisonneuve.
When done, the 550-unit project based in the Olympic Quarter (Quartier Olympique) will comprise two separate buildings consisting of the 270-unit Momento condominiums and the 280-unit Elan rental-apartment building.
“This project comes at a pivotal moment, with [Canadian] housing supply at historically low levels,” said Thomas Dufour, Groupe HD’s co-president, in a news release. “We are immensely proud to be playing a key role in transforming the Quartier Olympique, providing accessible, high-quality residential units for the Mercier–Hochelaga-Maisonneuve community.”
The site is located near the Assomption subway station, three BIXI bike stations, several bus stops and a future light-rapid transit station and embraces the principles of transit-oriented development, said the Montreal-based companies. The project’s parking facilities will include electric-vehicle charging stations and bike-parking stations.
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.