Quebec
Construction Starts on Phase 2 of Le Cardinal
Construction has begun on the second phase of a large apartment complex in Quebec City.
Phase 2 of Le Cardinal Sud will comprise 95 rental units on six floors, the project’s co-developers EDIFIA Groupe Immobilier and the Fonds immobilier de solidarité FTQ said in a news release Tuesday. Quebec-based construction company CONCREA is serving as the general contractor.
Le Cardinal Sud is located on Des Rigoles Street in Quebec City’s Val-Belaire neighbourhood. EDIFIA and Fonds are teaming up again on Phase 2 after developing the 132-unit first phase that delivered in October 2022.
“The project is helping to drive our regional economy while offering its residents an opportunity to rent in a beautiful area,” said Frederic Bernard, Fonds’ vice-president for the Quebec City region, in the news release[FP1] .
Phase 2 is slated for completion in the summer of 2024.
- ◦Lease
- ◦Development
- ◦Financing
