MONTREAL, June 21, 2016 /CNW Telbec/ - Today, Prével put the final 104 units at Lowney sur Ville up for sale, marking the end of a symbolic project which contributed tremendously to the revitilization of Griffintown. This final phase follows Lowney, a pioneering project in the area, which began with a transformation of the two Cherry Blossom chocolate factories in 2004. The Lowney and Lowney sur Ville projects now total 15 phases with more than 1,600 condos and urban lofts, all stemming from a partnership between Prével and the Fonds Immobilier de Solidarité FTQ.
New units, new views
Standing at 20 storeys high, the project's final phase offers exceptional views of the river, Old Montreal and downtown. Located at the intersection of Ann and Ottawa Streets, the building offers a wide selection of studios and 1 to 3-bedroom condos are available, priced from $140,000 to $412,000 before taxes.
A stimulating living environment with many common areas and an exceptional location
As in previous phases, Lowney sur Ville offers an environment that extends beyond just condos.
Future owners will enjoy;
Nearby, residents can share a common passion for what city life has to offer: many shops, cafes, restaurants, galleries, etc.
For more information on Phase 4 of Lowney sur Ville: click here
Lowney, pioneering the revitalisation of Griffintown
In 2004, attracted by the unique industrial character and the district's prime location, Prével launched the revitalisation of Griffintown by transforming the old Cherry Blossom chocolate factory into residential lofts. Such an opportunity allowed the developer to stand out through the integration of common areas;
"Being attuned to our client's needs through every phase of the project has led to the conceptualisation of common areas. Whether it be for meetings or for relaxation, we put lots of efforts into creating spaces that are a delight to live in for our clients." says Jacques Vincent, co-president of Prével.
Over the years, Lowney has built a reputation amongst young professionals daring to settle in an industrial neighborhood. This forward-thinking clientele were also the trend setters for efficiently optimised space.
"Over time, increasing prices have led us to optimise living spaces and maximise each square foot. Since Lowney's first phase in 2004 we've tried to offer the best value possible. A large proportion of our buyers are making their first purchase. The ability to supply so many people with homes leaves us with a great sense of pride, as we allow each and every one of these people to build their property assets." concludes Jacques Vincent.
"At the time, Prével presented the project with great ambition towards revitalizing this once working-class neighbourhood. Lowney differentiated itself by proposing to build lofts and common areas, thus attracting a new clientele base, mainly young couples. With Prével in command of the development, we knew we could offer an exceptional product, one of quality and integrity. 12 years later, Prével's success is eminent" stated Normand Bélanger, président and CEO of the Fonds Immobilier de Solidarité FTQ.
The team
Prével
Prével has over 37 years of experience as a residential developer with more than 10,000 residential units sold and delivered. With a human and creative approach, Prével develops real estate projects with architecture that seamlessly integrates itself into its surrounding neighbourhood. Its major projects in Montreal include S sur le Square, 21e arrondissement, Bassins du Havre, Lowney, Imperial Lofts, Le Seville, Quai de la Commune, and others. http://www.prevel.ca
Fonds Immobilier de Solidarité FTQ
Founded in 1991, the Fonds Immobilier de Solidarité FTQ contributes to Quebec's economic development by investing financially and strategically in profitable real estate development projects, and partnering with the industry's leaders to create jobs and promote social responsibility. The fund supports development projects of all types, including residential, commercial, institutional, and industrial, throughout every region of Quebec. As of December 31st 2015, the Fund had 37 development projects underway valued at a total of $1.9 billion, 41 projects under management, totaling 18 million ft2. 59 million dollars were dedicated to social housing projects, supplying affordable housing to the community.
The Fonds Immobilier de Solidarity is a member of the Canada Green Building Council.
www.fondsimmobilierftq.com
Lemay+CHA
By leveraging a creative approach with diverse expertise and a vast talent pool, Lemay+CHA design today the projects of tomorrow, working tirelessly to build a better future for the communities by enhancing the quality of life while reducing the ecological footprint.
www.lemaycha.com
Foti Drouin
More than thirty years ago, Sylvie Drouin et Michel Foti, both graduates in environmental design, founded Foti Drouin designers. Ever since the beginning, they are known for their pragmatic and creative approach. Beyond aesthetics, they analyze and question design notions to create brilliant spaces that suit their customers, in the real estate sector in particular.
SOURCE PREVEL
Image with caption: "Lowney sur Ville - Griffintown - Prével (CNW Group/PREVEL)". Image available at: http://photos.newswire.ca/images/download/20160621_C3782_PHOTO_EN_717845.jpg
David Deschênes, Groupe Prével, 514-281-9696 x30, [email protected]; Website: http://www.lelowney.ca/en/le-projet/
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