Le Namur Rental Project in Montréal's Le Triangle District Will Be Ready for Occupancy in the Spring

A new residential development by Fonds immobilier de solidarité FTQ and Habitations Trigone

MONTRÉAL, Jan. 27, 2016 /CNW Telbec/ - A new rental project is taking shape in the Le Triangle district in Montréal, just steps from the Namur and De la Savane metro stations. The modern 175-unit building will be ready for occupancy in the spring.

Under construction since last spring, Le Namur is the outcome of a partnership between Fonds immobilier de solidarité FTQ and Habitations Trigone, a developer with 25 years' experience in residential construction on Montréal's North and South shores.

"Le Namur meets a real demand in this neighbourhood. Not only is it contributing to its revitalization, it's the first residential rental building built in the Côte-des-Neiges area in over a decade. Valued at $35 million, this project is creating over 200 jobs," said Normand Bélanger, President and Chief Executive Officer of Fonds immobilier de solidarité FTQ.

"Le Namur will offer studios and one- and two-bedroom units to serve a diverse clientele composed of students, young professionals, single people and young families. The building's appeal lies in its proximity to Université de Montréal and several hospitals, including the MUHC, and of course, its view of Mount Royal. The neighbourhood has been undergoing a rebirth for a few years now and we believe that Le Namur's tenants will appreciate all it has to offer," said in turn Habitations Trigone's management, Patrice St-Pierre and Serge Rouillard

Boasting a sleek urban architecture, the 10-storey energy efficient building at 4974 Place de la Savane will have a two-level underground parking garage and concierge service. In addition, each floor will have a lounge.

The development plan of Le Triangle launched in 2009 by the Côte-des-Neiges–Notre-Dame-de-Grâce borough is aimed at increasing the number of residential units by 3,200 over 15 years. Leveraging the area's potential for transit-oriented development, the plan also calls for the addition of green spaces, bicycle paths and new neighbourhood stores.

About Habitations Trigone
Founded in 1991, Habitations Trigone is a residential construction firm focused on providing living spaces accessible to all. With a commitment to excellence, the company grew rapidly on Montréal's North and South Shores to meet the growing needs of a booming market. As specialists in TOD housing projects, Habitations Trigone creates independent, self-contained and safe neighbourhoods while promoting sustainable green living. The company has built over 11,000 units and has become a leader in integrated residential development.  www.habitationstrigone.com  

About Fonds immobilier de solidarité FTQ
Created 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. The Fonds immobilier is a member of the Canada Green Building Council.


SOURCE Fonds immobilier de solidarité FTQ

Image with caption: "Le Namur, a Fonds immobilier de solidarité FTQ and Habitations Trigone residential rental project in Montreal (credit: Habitations Trigone) (CNW Group/Fonds immobilier de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20160127_C4369_PHOTO_EN_607269.jpg

For further information: Josée Lagacé, Director, Communications and Marketing, Fonds immobilier de solidarité FTQ, Telephone: 514 847-5710, E-mail: jlagace@fondsimmobilierftq.com

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