Devimco Immobilier, the Fonds immobilier de solidarité FTQ and Fiera Properties say they are partnering to develop what they say is the largest mixed-use real estate project yet in Montréal’s Quartier des spectacles.
MAESTRIA has a projected cost of $700 million, comprising of two towers, 51 and 53 storeys high. It will include approximately 1,000 condos and 500 rental units, and construction is expected to commence by the end of the year.
“We are proud to be building a distinctive, avant-garde property that will help enhance the urban fabric of this booming arts and culture district,” Devimco Immobilier president Serge Goulet said in a statement. “With this landmark project, we intend to maintain the Devimco tradition of creating a living environment with mixed uses that will serve project residents as well as visitors to this highly popular part of Montréal.”
The plans also call for a mini-plaza for adjacent retailers, which could be used to host cultural events.
The project architect is Lemay.