Devimco Immobilier was selected this week to develop a mixed-use residential and commercial project at the Longueuil-Universite-de-Sherbrooke metro station. The deal will see the redevelopment of Place Charles Lemoyne.
The new build will include 523 condo units for sale and for rent, a hotel, office spaces, co-working spaces, and incubation spaces for start-ups.
It is projected to cost $500 million and will cover an area of a million square feet above the metro station, making it one of the first transit-oriented developments of its kind.The complete area to be developed is located alongside the Réseau de transport (transportation network) of Longueuil’s bus terminal.
According to the Devimco statement, the development will also include educational projects, in consideration of its proximity to Université de Sherbrooke, Université de Montreal, and University de Quebec à Montreal.
Devimco’s president Serge Goulet writes: “We want to achieve Longueuil’s vision by creating a multifunctional urban core where integrating different experiences is key to developing a genuine living environment. That’s why we’re planning an integrated, mixed-use space where people can live, work and access the services they need.”
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