Prével developers have their sights on a vacant Montreal industrial site, which they plan to develop into a huge residential and commercial project.
TL;DR: The area under Jacques Cartier Bridge could soon be home to a massive mixed-use project including condos, office space, parks and retail outlets. More information will be released by the end of 2019.
The 400,000 square plot of land near the Jacques-Cartier Bridge, between René-Lévesque Boulevard, Ste. Catherine Street, Parthenais Street and De Lorimier Avenue is one of the largest unused sites on Montreal Island.
Prével recently obtained the site from Bertone for an undisclosed amount, after the previous owners were unable to move forward with their $500 million construction plan. Prével intends to announce their vision for the site by the end of this year.
For now, they are only disclosing that the project will include a mixture of condos, rental apartments, social housing, offices, stores and a large number of green space and parks.
New developments at the CBC/Radio-Canada headquarters, Maison de Radio-Canada, and the Molson Brewery plant will be located strategically close to the Prével project.
Will this industrial zone be the “new griffintown?”
In an interview with real estate news outlet Renx, Prével co-president Laurence Vincent referenced the company’s previous experience developing the Griffintown neighborhood, where the Lowney sur Ville development led to the transformation of the once-neglected industrial area into a residential hub.
It’s easier “to make the neighbourhood known and to revitalize it,” said Vincent of the site near the Jacques-Cartier Bridge, “because it’s a neighbourhood that needs more residents to make it lively and to bring in more economic vitality. Projects at the Molson and Radio-Canada sites “will be advantageous for the whole neighbourhood and for the development of the project.”
The Griffintown area has been criticized for its lack of schools, green spaces and housing for families. “In 10 years, I think the neighbourhood will have found its balance,” Vincent says. “It’s not a perfect neighbourhood, but it’s a lively neighbourhood and in 10 or 15 years, we’ll find it’s a neighbourhood that works very well like many others in Montreal.”
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