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.

Groupe HD and Omnia are also partnering on the Savana Sur Le Parc project in Montreal.