Approval of Major Montréal Real Estate Development Officially Received



    MONTREAL, Sept. 4 /CNW/ - Canada Lands Company CLC Limited (CLC) today
announced its project "Les Bassins du Nouveau Havre" now can take yet another
step forward following the recent key approvals received from Montréal City
Council.
    "We want to express our sincere gratitude to Montréal's City Council for
granting these key approvals for Canada Lands Company's Les Bassins du Nouveau
Havre project. CLC would also like to thank local residents and community
groups for sharing their opinions and perspectives on the project over the
past two years," said Mark Laroche, President and CEO of CLC. He spoke at an
event held earlier today, in the presence of representatives of various
stakeholder groups who expressed support for the development.
    Steven Blaney, the federal MP for Lévis-Bellechasse, who attended the
event, stated that "this project demonstrates that the Government of Canada,
through Canada Lands Company, remains committed to continuing the
re-development of Montréal's New Harbourfront and fostering the economic
prosperity of the Sud-Ouest Borough of the city."
    "Les Bassins du Nouveau Havre is a project that perfectly illustrates our
vision of modern Montréal, a forward-looking city where residents opt for
public and active transportation, and a resolutely modern urban lifestyle.
Located near the city centre, this project offers many attractive features for
a new generation of residents, especially young parents who want to take full
advantage of this culturally vibrant city and spend more time with their
family, rather than endless hours commuting", said Gérald Tremblay, mayor of
Montréal.
    "It's a real pleasure to see the launch of this project today, because it
is the result of a model consultation approach in our community. We see that
it is possible to realize the huge potential of the Sud-Ouest Borough, while
taking into account the expectations of local residents. This project will
also strongly support the revitalization of this borough and enhance the
beauty of the Lachine Canal", said Jacqueline Montpetit, mayor of the
Sud-Ouest Borough.
    Once completed, Canada Lands Company anticipates that Les Bassins du
Nouveau Havre will include total investments (private and public) of $760
million, with 325,000 square feet (30,000 square meters) of offices,
workspaces, and neighbourhood retail, plus approximately 2,000 residential
units in various styles. The plan also envisions green and recreational areas
of 4.8 acres (1.9 hectares), this being equal to nearly 20 per cent of the
site area.
    CLC's plan for Les Bassins du Nouveau Havre incorporates public walkways
that will facilitate access for the general public to the Lachine Canal
National Historic Site of Canada. CLC is working closely with Parks Canada and
the City to realize this concept.
    In addition, CLC has also entered into an agreement with RESO
(Regroupement Economique et social du Sud-Ouest) for the creation of an
employment sector on the property. In collaboration with Bâtir-son-Quartier,
CLC's plan will see the creation of 400 social and community housing units of
which half will be designed for families with children.
    CLC will seek the appropriate sustainable development designation for
this project by implementing a mixed-use approach, promoting alternative modes
of transportation, and developing innovative storm water management systems.
Deconstruction of the existing postal facility on the property in an
environmentally sensitive and sustainable manner is already underway. The
overall estimated percentage of materials reused, recycled or recovered is
approximately 94% based on the percentage of total weight.
    Located on the site of a former postal sorting facility at 1500 Ottawa
Street, Les Bassins du Nouveau Havre is the first of five properties to be
redeveloped by CLC in connection with an initiative known as "Montréal's New
Harbourfront." In April 2007, the Government of Canada announced that CLC
would be the master developer for Montréal's New Harbourfront.

    CLC is a federal Crown corporation that optimizes the financial and
community value obtained from surplus strategic properties no longer required
by the Government of Canada. The company is self-financing and implements
innovative, sustainable property solutions to create strong and competitive
communities wherever it operates.
    Visit www.clc.ca to learn more about CLC.
    Visit www.lesbassins.ca to learn more about Les Bassins du Nouveau Havre,
or to download high-resolution images of the project.
    Visit www.nouveauhavredemontreal.ca to learn more about the Montréal's
New Harbourfront initiative.
    Visit www.montreal2025.com to learn more about the City of Montréal's
major urban initiatives.





For further information:

For further information: Gordon McIvor, Vice President, Strategic
Acquisitions, Public and Government Affairs, Canada Lands Company CLC Limited,
1-888-252-5263 or gmcivor@clc.ca

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