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Leyad plans to convert a Montreal warehouse into a local artist hub.

Montreal Warehouse to Become Artist Hub

Leyad plans to convert a Montreal warehouse into a local artist hub.

The property is located at 5655 Rue de Marseille in the city’s Mercier-Hochelaga-Maisonneuve borough. Montreal-based Leyad purchased the 65,000-square-foot warehouse from industrial-focused PROREIT for an undisclosed price.

Following substantial renovations, the building’s vacant spaces will be repurposed into individual studios for a wide variety of artistic practices, said Leyad in a news release. The studios will be surrounded by lively communal spaces.

“By offering affordable rental spaces in an industrial setting, we aim to encourage collaboration, innovation, and community among Montreal’s creative talents, said Henry Zavriyev, Leyad’s CEO.

“The facility will be designed to promote a sense of unity, with shared common areas that inspire interaction and mutual support among artists.”

The building was constructed in 1968 and underwent extensive renovations in 2013. The property comprises about two acres of land.

“This initiative is more than just an investment in property,” said, Zavriyev. “It’s an investment in Montreal’s cultural fabric.”

Pictured: Gregory Castiel, Leyad’s director of commercial properties (left) and Henry Zavriyev, Leyad, founder and CEO.

Photo: CNW Group/Leyad


Inside The Story

Henry ZavriyevLeyad

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.

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