Fonds immobilier de solidarité FTQ and Gestion Beau Toit Inaugurate Residential Project Faubourg Saint-Constant Français
Nov 22, 2017, 14:47 ET
SAINT-CONSTANT, QC, Nov. 22, 2017 /CNW Telbec/ - Gestion Beau Toit and the Fonds immobilier de solidarité FTQ officially launched phase II of the Faubourg Saint-Constant multi-residential project today. On hand for the launch were Saint-Constant mayor Jean-Claude Boyer, Gestion Beau Toit shareholders Sylvain Grenon, Sylvain Bédard and Georges Faucher, representatives of the Fonds immobilier de solidarité FTQ and some 50 invited guests.
Located at 38 and 40 Saint-Pierre Street in Saint-Contstant, a city on the south shore of Montréal, the two 60-unit side-by-side buildings are located near many essential services and everyday amenities such as supermarkets, convenience stores, restaurants, medical clinics, pharmacies, a veterinarian, a municipal library, parks and green spaces. Well served by public transit and the Montréal commuter train, the area also offers easy access to Autoroute 30 and Highway 132.
The project in brief:
- 54,000 ft2 lot;
- Timber-frame buildings with 3 above-ground storeys consisting of 30 units in phase I and 30 units in phase II;
- 4½ open-concept, condo-style units;
- Underground parking, plus storage space and bike racks;
- Buildings equipped with an elevator, two stairwells and a video surveillance system.
Quotes
"Saint-Constant is an attractive place for both young families and retirees seeking a country environment close to bustling urban centres. With its new, quality units, Faubourg Saint-Constant is meeting a genuine need. In fact, since most of the units are already rented, we're contemplating new projects in the short and medium terms."
Sylvain Grenon, Gestion Beau Toit inc.
"The rental residential market has picked up significantly in several Québec municipalities. Tenants, especially pre-retirement and retired baby boomers, like the idea of condo living, including indoor parking and building security, but without the obligations. We're proud of our partnership with Gestion Beau Toit, which besides offering a top-notch product, has helped create quality jobs."
Normand Bélanger, President and CEO, Fonds immobilier de solidarité FTQ
"We're proud of this residential development. With an expanded service offer for our citizens and major projects in the pipeline for 2018 and 2019, there's no question that this multiresidential complex will meet Saint-Constant's rapidly growing demand."
Jean-Claude Boyer, Mayor
About Gestion Beau Toit
Gestion Beau Toit is a real estate developer on the south shore of Montréal. Les Immeubles Vision 55 is a promoter and contractor with over 10 years' experience in all types of building projects and is the property manager of Faubourg Saint-Constant.
About the Fonds immobilier de solidarité FTQ
Launched 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 May 31, 2017, the Fonds immobilier had 49 projects in progress, 45 properties under management, 14 million square feet of land slated for development and $69 million invested in affordable, social and community housing. The Fonds immobilier is a member of the Canada Green Building Council.
SOURCE Gestion Beau Toit
For further information: Josée Lagacé, Director, Communications and Marketing, Fonds immobilier de solidarité FTQ, Tel.: 514 847-5710 / Mobile: 514 707-5180, [email protected]
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