Site Dévelopment Project - Former Seminary - Développement CATO: Favourable response to Office de consultation publique de Montréal report

    MONTREAL, Aug. 11 /CNW Telbec/ - Développement CATO Inc. has declared
itself satisfied with the Office de consultation publique de Montréal (OCPM)
report on its proposed residential development project for the Côte-des-Neiges
site in Montreal, which previously housed the Seminary of Philosophy.
    "Our reaction to the report is positive. The OCPM has no qualms about
acknowledging the relevance of our undertaking," declared Développement Cato
partners Tony Miceli and Carlo Bizzotto.
    Miceli and Bizzotto indicated that they have already begun working with
the municipal government to improve the project, thus ensuring inclusion of
constructive recommendations by the OCPM.
    They also pointed out that the $300M project is in line with
recommendations included in studies submitted to date, and is also in
compliance with the wish of the site's former owners, the Sulpicians, to see
the institution preserved and prominently featured.
    "Our participation in the consultation process - which would, by now,
have enabled us to improve our project - has been fully transparent and
entirely in good faith. We are ready to begin the site development work, as
soon as the City of Montreal has approved the proposed regulations," they

    Development will be in harmony with surroundings

    The Sulpicians approached the authorities in 2005, seeking to have a
series of studies - requested by the City of Montreal and the Ministère de la
Culture, des Communications et de la Condition féminine - completed with the
intent of establishing the property's heritage, environmental and
archaeological value. The developer followed through, conducting a heritage
study on the chapel that had been set up in the east wing of the former
seminary, to determine its future purpose.
    Miceli and Bizzotto concluded by asserting that the entire project would
follow the parameters of the Plan de protection et de mise en valeur du mont
Royal, which was recently adopted by the City of Montreal.

    Award-winning accomplishments by Développement CATO inc.

    This developer has, over the past few years, completed a number of
prestigious real estate projects that have been singled out for special
    November 2003: Honorary Charte du mont Royal recognition for its
    contribution to protecting and preserving the parc du mont Royal.
    Prix de la mise en valeur du patrimoine (heritage promotion award) -
    Opération Patrimoine Architectural de Montréal: Unity Phase 1

    Governor General's architecture award and Canadian Architect magazine
    Award of Excellence: Unity Phase 2

For further information:

For further information: André Bouthillier, (514) 895-0127

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