MONTREAL, March 21, 2014 /CNW Telbec/ - The Cadillac Fairview Corporation Limited announced today its updated plans to develop downtown Montreal. Including the Tour des Canadiens residential development and Deloitte Tower already underway, Cadillac Fairview will build a total of nine new buildings. Five residential towers and two office towers will be built south of Saint-Antoine Street, over the next 15 years.
"Today's announcement is part of our $2 billion development plan, which, once completed, will completely transform the downtown core, creating a new district that offers a modern, state-of-the-art place to work and live, called Quad Windsor," said Salvatore Iacono, Senior Vice-President, Development and Portfolio Management, Eastern Canada, Cadillac Fairview.
"We are aiming for a mixed-use development that includes office, residential and retail components, for a total of more than 4 million square feet. Such a combination of uses will contribute to creating a vibrant new downtown neighborhood that will successfully continue the natural extension of Montreal's downtown core, adding new signature towers to the skyline and much-improved connections to neighbouring districts and Griffintown," explained Mr. Iacono.
The overall project is based on sustainable development and a resolutely urban lifestyle where residential, business and entertainment come together. Cadillac Fairview will be working with the City of Montreal to study and review the proposed project that will be completed in four phases, outlined below:
Phase 1
- The proposed first phase includes two residential towers located at 1150 and 1250 Saint-Antoine West, in the block formed by de la Montagne, Saint-Antoine, Jean d'Estrées and Torrance streets.
- These two towers will be connected across Sainte-Antoine Street by an aerial walkway that will extend the existing public pedestrian network, allowing pedestrians to cross Saint-Antoine without having to walk outdoors.
- Each tower will be 38 storeys and follow the natural gradient of the skyscrapers in the area.
- This phase is currently the subject of a rezoning application being reviewed by the Ville-Marie borough and has gone through a public consultation process.
- The buildings are designed by IBI Group, a global architecture and planning firm based in Montreal.
Phase 2
- The proposed second phase of development includes two office towers located at 750 Peel, for a total leasable area of 1.1 million square feet.
- The two office towers will have a sculptural, tapering form allowing for wider sidewalks at the base of the buildings and a more slender appearance in the skyline.
- The north side of the site, along Peel and Saint-Antoine, will have a plaza and vibrant new retail offerings.
- The south side of the site along Saint-Jacques will feature terraced gardens along the sidewalk, skylights below and public access to the underground network.
- The buildings are designed by Adrian Smith + Gordon Gill Architecture, a Chicago firm responsible for large-scale international projects. Architects Adrian Smith and Gordon Gill designed the Burj Khalifa in Dubai while at Skidmore, Owings and Merrill.
Phase 3
- The proposed third phase is planned at 600 Peel and features three residential towers facing Peel and Saint-Jacques streets.
- Townhouses will sit at the base of the towers, along with more retail and services for residents, with a potential of up to 1.5 million square feet.
- The towers will be slightly curved to maximize their southern exposure and views, and will be built around a pedestrian thoroughfare that will cross the site.
- A large urban public park will be integrated into the project.
- To ensure architectural consistency, the firm Adrian Smith + Gordon Gill Architecture has also planned these towers.
Phase 4
- The final phase will be the improvement of Windsor Station, a heritage treasure that inspired Cadillac Fairview's overall plans for Montreal.
- Cadillac Fairview will work to restore Windsor Station, paying special attention to preserving its essence, architecture and history.
About Quad Windsor
At the turn of the century, the prestigious Windsor Station was at the centre of development in the city. The name Windsor evokes high-quality urban development, architectural prestige, and the area's past as the city's hub of transportation. With its roots in the word "quadrangle," the name Quad is short and creates a memorable impact. Its style is contemporary and aptly expresses this vibrant and dynamic urban space that integrates work, retail, entertainment, and high-end residential real estate.
Quad Windsor will be more than just a district; it will be an extension of downtown and a brand new lifestyle rooted in Montreal's heritage.
About Cadillac Fairview
The Cadillac Fairview Corporation Limited is one of North America's largest owners, operators and developers of commercial real estate. Cadillac Fairview focuses on developing and managing high quality office, retail and mixed-use properties 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 $23 billion, Cadillac Fairview and its affiliates own and manage nearly 44 million square feet of leasable space at 75 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).
Cadillac Fairview is wholly-owned by the Ontario Teachers' Pension Plan, which invests to secure the retirement income of 303,000 active and retired teachers in Ontario.
SOURCE: CADILLAC FAIRVIEW
Camille Delacour
T 514-843-2388
Jean-Alexandre D'Etcheverry
T 514-843-2369
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