L'Hexagone: Montréal's First Major Residential Rental Project in Over a Decade

MONTRÉAL, May 21, 2014 /CNW/ - Partners Devimco, Fonds immobilier de solidarité FTQ and Cogir Management Corporation are pleased to announce the official launch of L'Hexagone, a unique residential development project in Montréal.

Nestled in the heart of historic Griffintown, the $66 million 15-storey building will offer 257 rental units and 28,000 sq. ft. of leasable commercial space. With construction already underway, the developer will be opening a rental office in the next few months and occupancy is slated for spring 2015.

"L'Hexagone is the only major residential development project currently in progress in Montréal's Sud-Ouest neighbourhood. We've been building in Griffintown since 2008 and this project is in keeping with our desire to develop a living environment that offers a diverse array of services and housing," said Serge Goulet, president and CEO of Devimco Immobilier.

"We firmly believe that L'Hexagone will meet a genuine need because Montréal's inventory of rental properties is quite old, creating demand for new, quality rental projects with a contemporary design. As a partner in several phases of this urban complex, we're especially pleased to be playing a role in the hundreds of jobs that will be created," added Normand Bélanger, president and chief executive officer of the Fonds immobilier de solidarité FTQ.

Life simplified
L'Hexagone will offer different models, layouts and sizes: 3½ (538 to 715 sq. ft.), 4½ (818 to 883 sq. ft.) and 5 ½ (1,044 to 1 119 sq. ft.). Designed with superior materials and a contemporary feel, these apartments will provide well thought-out living areas for a highly demanding urban clientele. The units will have large windows and most will offer outstanding views of the downtown core, Old Montreal and the Lachine Canal.

L'Hexagone tenants will also enjoy a wide array of value-added amenities such as a panoramic rooftop terrace, an inner courtyard with a terrace and swimming pool, concierge service and a doorman at the entrance at all times, indoor parking and bicycle storage space.

Consult the video and images to appreciate the living environment offered to residents of l'Hexagon.

Neighbourhood life
Thanks to its unique location, L'Hexagone will offer tenants a tranquil setting, just steps away from the hustle and bustle of urban life. Located at the corner of Wellington and Murray Streets, on the doorstep of Old Montréal and Cité du Multimédia, and walking distance to the downtown core, the property is also close to the Lachine Canal-Peel Basin, a setting of peace and tranquility. In addition, L'Hexagone will offer easy access to major roads, public transit and BIXI self-service bike stations. A variety of neighbourhood services (supermarket, bank, drugstore, dry cleaner, hardware store) are also nearby, as are numerous trendy bars and restaurants.

Apartments can be reserved by registering online (www.hexagonelocation.ca).

About Devimco Immobilier
A private corporation and leading real estate developer in Québec, Devimco Immobilier specializes in developing multi-use urban sites. Its mission is to create modern and dynamic living environments that combine commercial, office and residential components. Devimco has developed over 5 million sq. ft. of commercial real estate, using its extensive expertise to bring "open-air" regional commercial sites to Québec with such projects as the DIX30TM in Brossard and the Megacentre Notre Dame in Laval. Three years ago, the company ventured into the residential sector by developing condos and apartments. Now a licensed general contractor, Devimco is building and delivering mixed-used projects in both urban and suburban settings. The company's varied projects reflect the passion and desire to constantly innovate that drive its presidents as well as their multidisciplinary team of over 40 employees.

About the Fonds immobilier de solidarité FTQ
Created in 1991, the Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. At November 30, 2013, the Fonds immobilier had 31 projects in progress, 30 properties under management, 19 million square feet of land and $43 million invested in affordable, social and community housing. Visit www.fondsimmobilierftq.com

About Cogir Management Corporation in 1995, Quebec-based Cogir Management Corporation provides real estate management, development and consultant services. The company has close to 3,000 employees and manages 150 properties in Quebec, Ontario and Nova Scotia.  At the residential level, it manages more than 15,000 units in Québec and Ontario, including a network of over 40 private retirement homes under the AZUR and JAZZ banners. Cogir also manages 8 million square feet of real estate that includes residential, commercial, industrial and office properties. In addition to being the 69th largest company in Quebec, Cogir Management Corporation is a leader in the real estate industry in terms of total square footage of properties under management across all asset categories.

SOURCE: Devimco Immobilier

For further information: Source: L'Hexagone; Information: Annick Bélanger, 514 286-2145, ext. 233 or abelanger@casacom.ca


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