Canada CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

Sub Markets

Property Sectors

Topics

Quebec  + Retail  | 
Aerial view of Montreal's Place Versailles mall.

Montreal’s Place Versailles Slated for $2.2B Redev

The owners of Montreal’s Place Versailles are seeking to turn the 61-year-old mall into a mixed-use site as part of a massive $2.2-billion redevelopment.

Plans call for a new neighbourhood that features 5,200 housing units, businesses, offices, parks, public squares, a primary school, and community facilities on the 17-hectare property.

“The commercial vocation of the site will, however, remain significant,” said the mall’s owners in a news release.

The news release did not identify the owners. But Richard Dubrovsky and John William Gregory are the listed owners on the province’s business registry, CBC reported.

Place Versailles is located in the borough of Mercier-Hochelaga-Maisonneuve near the Radisson Metro station. The borough’s council has adopted a resolution that calls for Montreal city council to rezone the property according to the redevelopment plan.

Montreal city council will consider project on Monday.

“The owners of Place Versailles are working closely with municipal authorities to ensure a harmonious integration of this project into the urban fabric,” said the Place Versailles owners.

Photo: Agora Montreal

Connect

Inside The Story

Place VersaillesCity of Montreal

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.

New call-to-action
New call-to-action