Photos available upon request
Cadillac Fairview unveils its development plans at the Board of Trade of
Metropolitan Montreal Forum
MONTREAL, March 15, 2013 /CNW Telbec/ - During a Board of Trade of
Metropolitan Montreal Strategic Forum on Greater Montreal and its major
projects, Mr. Salvatore Iacono, Senior Vice President, Development and
Portfolio Management, Eastern Canada Portfolio, The Cadillac Fairview
Corporation Limited, shared Cadillac Fairview's vision and future
projects for the development of Montreal's downtown core. The following
are excerpts from his keynote presentation:
"Over the last several years, Cadillac Fairview has completed
significant projects that demonstrate our vision for real estate
development: creating signature, mixed-use properties in the heart of
the action, where entertainment, commercial and residential addresses
In doing so, Cadillac Fairview is on par with the major trends reflected
in the most successful real estate development projects in North
More than ever, we are building properties in multi-hub commuter
districts; properties that are energy-efficient and provide residents
with the opportunity to truly "experience" their cities. Cadillac
Fairview wants to offer Montrealers projects that are in line with
In 2009, Cadillac Fairview acquired Windsor Station and adjacent real
estate assets. This area can accommodate several million square feet of
mixed-use development. The site is at the heart of a rapidly
transforming community that integrates commercial, residential and
entertainment venues into a vibrant urban landscape.
And over the next 15 years, Cadillac Fairview plans on investing up to
$2 billion to develop this area.
This is a comprehensive, multi‐phase, multi‐year redevelopment of these
lands surrounding the Bell Centre.
This mixed‐use project reinforces CF's strategy of expanding our core
property assets, office and retail, in key urban markets, and
demonstrates our commitment to investing in the long‐term future of
Our development plan will rest on 3 pillars: the Tour des Canadiens, the
Deloitte Tower and the development of the area just south of
Straddling the natural ridge between the mountain and the river, the
Tour des Canadiens will become Montreal's tallest residential building
and an unmistakable visual landmark. It will revolutionize urban
condominium design by integrating sports and entertainment.
To the east of the Tour des Canadiens, will rise the Deloitte Tower, the
city's first, new, privately-owned commercial office tower to be built
in more than 20 years.
This is a building designed not just for work, but for success. It will
provide an unprecedented level of comfort, productivity and prestige to
Montreal's forward‐thinking business leaders. Deloitte Tower is
scheduled to open in Summer 2015.
Ultimately, Cadillac Fairview plans on developing the area located just
south of Saint-Antoine Street.
We envision a mix of uses including office, residential and retail
upwards of 5 million square feet which will contribute to creating a
new vibrant, downtown neighbourhood.
The basic site plan includes: two towers organized in an urban campus
layout, two office towers at the corner of Peel and Sainte-Antoine
(approx. 500,000 sq. ft. each) and one million square feet of new
Cadillac Fairview believes in Montreal's enormous potential. We want to
be partners in the development of this city. That is why we are
launching one of the most significant real estate development plans in
Montreal to be carried out over the next 15 years.
Cadillac Fairview is aiming for the best because Montreal deserves the
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's
largest investors, owners and managers of commercial real estate. For
more than 50 years Cadillac Fairview has been leading the way in
commercial real estate with innovative design, development and
Cadillac Fairview focuses on developing and managing high quality office
properties and regional shopping centres in Canada and the United
States, as well as international investments in real estate companies
and investment funds. With a portfolio valued at more than $21 billion,
Cadillac Fairview and its affiliates own and manage nearly 46 million
square feet of leasable space at 79 properties across North America,
including some of Canada's landmark developments, such as
Toronto-Dominion Centre, Toronto Eaton Centre, Pacific Centre, Chinook
Centre and the Montreal Fashion Centres (Carrefour Laval, Galeries
d'Anjou, Promenades St-Bruno and Fairview Pointe Claire).
SOURCE: CADILLAC FAIRVIEW
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