The latest project announced by Devimco Immobilier, the Fonds immobilier de solidarité FTQ, and Fiera Real Estate is shaping up to be Montreal’s largest mixed-used residential complex so far.
Late last week, the $700-million-plus Maestria development has broken ground on the site of the former Spectrum de Montréal.
The project, which will be comprised of two towers 57 and 61 storeys high, will be offering a total of nearly 1,750 residential units ranging from 300 to 2,200 square feet.
Designed by with architectural firm Lemay, Maestria will also be furnished with an abundance of green spaces intended to promote urban biodiversity, as well as a public plaza accessible to all residents.
An aerial walkway connecting the two buildings will be located at the 26th and 27th floors, which is expected to be the highest ever in a residential project in Quebec.
The towers are planned to incorporate office units, along with restaurants, entertainment venues, and neighbourhood shops and services.
Hunger for the spaces has been intense, with 75% of the first tower’s units having been sold just a few months after the project’s announcement in November 2018. Sales for the second tower have begun in concert with last week’s ceremonial launch.
“The demand is there, and the real estate market is going strong, which is enabling us, with the help of our partners, to develop projects as distinctive and avant-garde as Maestria,” Devimco Immobilier president Serge Goulet stated. “We are proud to be establishing a presence in this thriving artistic neighbourhood.”
Ephraim is currently a journalist at Mortgage Broker News, Real Estate Professional and Canadian Real Estate Wealth.
Ephraim is a highly accomplished news reporter whose work has been published across North America and the Asia Pacific region. Before joining Key Media, Ephraim spent eight years working as a journalist with Reuters TV. His areas of expertise include real estate, mortgage, and finance.
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