22-storey tower is set to be ready for occupancy by Spring 2019
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The Fonds immobilier de solidarité FTQ and real estate developer Devimco Immobilier have recently broken ground on L’Hexagone 2, a new residential rental project in Montreal’s Griffintown district.
Slated for occupancy beginning Spring 2019, the project will involve the construction of a new 22-storey residential tower right next to L’Hexagone, and is planned to offer 320 rental spaces consisting of studios and 1-, 2-, and 3-bedroom units.
Upon completion, the development will be coming with 22,500 square feet of commercial space on the ground floor, along with 167 indoor parking spaces and common spaces such as a large lobby, a lounge, an outdoor pool, and an expansive terrace.
“We’re delighted to capitalize on the success of District Griffin's first rental tower, L’Hexagone, which was highly successful during its first year after launch with a high occupancy rate, clearly attesting to the quality of the product and the neighbourhood’s appeal,” Fonds immobilier de solidarité FTQ president and CEO Normand Bélanger said. “This second phase will help address the shortage of quality dwellings in this part of the city. Our $4.8 million investment will greatly expand the rental offer, not to mention create over 600 jobs.”
“Our goal when designing these two phases of L’Hexagone was to create a haven for Montrealers, cyclists, runners and hikers by building near Old Montréal, the Lachine Canal and the Atwater market. We’re proud to partner with the Fonds immobilier to diversify the housing offer in this highly sought after Montréal neighbourhood,” Devimco Immobilier president Serge Goulet added.
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Slated for occupancy beginning Spring 2019, the project will involve the construction of a new 22-storey residential tower right next to L’Hexagone, and is planned to offer 320 rental spaces consisting of studios and 1-, 2-, and 3-bedroom units.
Upon completion, the development will be coming with 22,500 square feet of commercial space on the ground floor, along with 167 indoor parking spaces and common spaces such as a large lobby, a lounge, an outdoor pool, and an expansive terrace.
“We’re delighted to capitalize on the success of District Griffin's first rental tower, L’Hexagone, which was highly successful during its first year after launch with a high occupancy rate, clearly attesting to the quality of the product and the neighbourhood’s appeal,” Fonds immobilier de solidarité FTQ president and CEO Normand Bélanger said. “This second phase will help address the shortage of quality dwellings in this part of the city. Our $4.8 million investment will greatly expand the rental offer, not to mention create over 600 jobs.”
“Our goal when designing these two phases of L’Hexagone was to create a haven for Montrealers, cyclists, runners and hikers by building near Old Montréal, the Lachine Canal and the Atwater market. We’re proud to partner with the Fonds immobilier to diversify the housing offer in this highly sought after Montréal neighbourhood,” Devimco Immobilier president Serge Goulet added.
Related stories:
Foreign capital appears to remain lukewarm over Montreal and Calgary
Mixed-use development to arise from former hospital in Montreal
