Prével has commenced construction on Lot 3 of its Esplanade Cartier mixed-use residential development project in Montreal.

The 20-storey multi-family rental project will complement rental offerings of Lot 2, where residents have started to move in, and mark a further step in the realization of Esplanade Cartier, said the company in a news release. Esplanade Cartier is a mixed-use residential development located near the Papineau metro station.

Lot 3 is being created in partnership with Ipso Facto and TGTA and in collaboration with financial firm Desjardins and builder Pomerleau. Residents are scheduled to move in by the summer of 2026.

“The construction of this new rental building allows for a critical mass of housing units to be launched in the heart of Montreal at a time when the city needs it most,” said Laurence Vincent, president of Montreal-based Prével.

“The new residents of Esplanade Cartier will also contribute to enhancing the commercial and service offerings, thus promoting the revitalization of Sainte-Catherine Street East,” she added.

The Lot 3 project is located at the heart of Esplanade Cartier between the future Tansley and Falardeau streets. The building will directly overlook a central park to the west and offers views over the superstructure of the Jacques Cartier Bridge. To the east, tenants on the upper floors will have views of the Saint Lawrence River.

Amenities will include a café-style lobby with co-working space, a rooftop terrace with barbecue and outdoor pool and access to a complete sports centre, including a gym, indoor pool, and state-of-the-art equipment.