Auguste & Louis : Fiera Real Estate’s new development project
The groundbreaking ceremony for phase 1 of Auguste & Louis, Devimco’s new development project in partnership with Fiera Real Estate, was held last week. This project, located at the corner of René-Lévesque and Wolf in Montreal, will eventually include more than 2,000 condo units spread over ten towers. It is also part of the overall neighbourhood plan now known as the Quartier des Lumières located on the former grounds of Radio-Canada – an $800 million investment. Valued at $80 million, Phase 1 includes 265 condominium units, in the form of studios and 1 to 3 bedroom units. Delivery of the first units is scheduled for summer 2023.
“We are happy to carry out this major project located in the Faubourgs, a historic sector of Montreal, which is destined to become a renewed residential district. We are thus helping to revitalize one of the entrances to downtown Montreal,” said Pierre Pelletier, Senior Vice-President and Fund Manager.
This eighth development partnership between Fiera Real Estate and Devimco will stand out, among other things, due to the many creative and inviting common spaces offered to its residents as a commitment to creating community. Residents will enjoy an outdoor lounge with a BBQ area, access to an interior courtyard, an outdoor layout for family moments, and an outdoor swimming pool. The enviable geographical location close to all services, downtown, the main roads and cycle paths of the metropolis as well as metro stations and public transport make it a prime site.
In addition, each parking space in the project will be electrifiable so that they can be adapted to the growing demand for charging stations caused by the rise in electric car sales. This is an important step towards Canada’s commitment to achieve carbon neutrality by 2050. The Auguste & Louis project is located in the heart of a rapidly expanding district and aims to obtain the highest level of Fitwel certification with the objective to put well-being and overall health of individuals first.
Blair McCreadie, Head of Canadian Real Estate for Fiera Real Estate added: “This is another important project undertaken as part of Fiera Real Estate’s long list of successful projects across Canada. We are honoured to have such great partners in every major market which ultimately leads to delivering strong returns to our investors.”
Fiera Real Estate is proud to join forces with Devimco Immobilier and the Solidarity Real Estate Fund FTQ in a project whose architectural concept pays tribute to the Lumière brothers.