Devimco Immobilier and partners announce name for new flagship project on the Montreal Children's Hospital's former site
MONTREAL, May 10, 2017 /CNW Telbec/ - In tribute to the former site of the Montreal Children's Hospital, while at the same time resolutely forward-looking, a new name has been chosen by Devimco Immobilier and its partners, the Fonds immobilier de solidarité FTQ and Fiera Private Lending, for their new flagship complex in the west end of downtown Montreal. Le Square Children's is a nod to the famous site where development of this half-billion dollars project will soon begin.
"We wanted the name to reflect the image of the project itself, deeply rooted in the neighbourhood. Le Square Children's was the perfect choice not only to pay tribute to the Montreal Children's Hospital's distinguished history after more than a century on this site, but also to Cabot Square just across the street," explained Serge Goulet, Devimco Immobilier's president.
The property developer also used the opportunity to launch the project's new website, www.squarechildrens.ca, where visitors can learn more about the cutting-edge vision for revitalizing this outstanding site.
The project is currently under study by the Office de consultation publique de Montréal, which should complete its assessment shortly. The Ville de Montréal will then adopt a by-law to authorize Devimco Immobilier to begin construction.
A prime location
Situated at the corner of Atwater Avenue and René-Lévesque Boulevard, the project's prime location is steeped in history. The hospital's oldest building, the nurses' residence, has great heritage value. It will be restored and integrated into the project to preserve the memory of the hospital for future generations. Art Deco architectural features will also be conserved and incorporated into the new buildings.
Mixed use and local services
The project's partners sought to create a place that is perfectly integrated into the neighbourhood, while at the same time adding value for residents. Square Children's will offer a variety of residential options, including condos, rental apartments and social housing units (managed by the Office municipal d'habitation de Montréal). A total of nearly 1,400 residential units will be built in six towers, an innovative design by Menkès Shooner Dagenais LeTourneux Architectes.
There will also be space on the ground floor for shops to better serve local residents. Offices and a 250-room hotel will also be part of this diversified project.
Spectacular common areas will round out the offering to residents, starting with a Sky Lounge on the top floor of one of the towers that will afford breathtaking views of the city and Mount Royal. Occupants will also be able to enjoy one of the largest fitness centres ever to be built in a Montreal residential tower, boasting state-of-the-art equipment.
Focus on rich and vibrant community life
The construction of Le Square Children's will not only revitalize the former hospital site but it will also breathe new life into the neighbourhood, with new services and facilities designed especially for residents.
Henri-Dunant Park will practically double in size. It will be a place where people can gather, relax, enjoy nature and the beauty of nearby gardens. It will also provide them with opportunities to exercise with new fitness equipment. In all, the public park and developed green spaces will account for more than 30% of the total area.
Community life will also be vastly improved with the building of the new Peter McGill Community Centre, which will include a library and a community kitchen.
About Devimco Immobilier
Devimco Immobilier is a real estate development leader in Quebec that stands out for the development and construction of real estate projects, including lifestyle and TOD (transit-oriented development) complexes that combine commercial, business, leisure and residential components. The company's real estate projects are defined by the creation of unique environments that take the community's needs into account. Devimco was the first real estate company in Canada to develop a lifestyle complex, the Quartier Dix30TM.
Since 2005, Devimco Immobilier has been developing District Griffin™, a lifestyle project in Griffintown that clearly reflects the social fabric of an entire community. It is also building SOLAR UNIQUARTIER, the largest TOD project in Quebec. Located in the northwest quadrant formed by highways 30 and 10. This $1-billion development will become the South Shore's new city centre. www.devimco.com/en
About the Fonds immobilier de solidarité FTQ
The Fonds immobilier de solidarité FTQ promotes economic growth and employment in Quebec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds backs residential, office, commercial, institutional and industrial projects of all sizes across Quebec. As at December 31, 2016, it had 48 projects in progress with a combined worth of $2.9 billion, which will create some 24,000 jobs, 41 properties under management, 17 million ft2 of land for development and $59 million allocated to affordable, social and community housing. www.fondsftq.com/en.aspx
About Fiera Private Lending
Fiera Private Lending, a subsidiary of Fiera Capital Corporation, acting as a fund manager, is a Canadian leader in private financing and private investment. It offers expertise in temporary construction financing, business financing and real estate development investment, in addition to providing Fiera Capital's clients with access to alternative investment strategies. www.fieracapital.com/en
SOURCE Devimco Immobilier
For further information: Frédérick Truchon-Gagnon, 514-843-2349, email@example.com