Fonds immobilier de solidarité FTQ Partners with Devimco Immobilier on MAA Project
The Fonds immobilier de solidarité FTQ and Devimco Immobilier have joined forces on the MAA Condominiums and Penthouses project in Montréal’s Golden Square Mile neighbourhood.
Located on Peel Street, between Sherbrooke Street and De Maisonneuve Boulevard, the 34-storey building will be built directly above the MAA Sports Club.
“The MAA development has tremendous appeal because of its location in a sought-after neighbourhood where exceptional condo projects are sprouting and attracting many buyers. The immediate neighbourhood has high-density buildings with architectural interest and tremendous heritage value. The large-scale project is also great for job creation and will ultimately generate 1,100 jobs,” said Normand Bélanger, President and CEO of Fonds immobilier de solidarité FTQ.
The $160 million project features studio, one- to three-bedroom units, and penthouses with common areas such as a nordic spa, lounge area, and terrace for executive floors.
The project additionally includes a refined, contemporary architecture that combines glass and the finest materials to showcase the facade of the existing building, which will also be restored.
Construction began in October and the 300 condos are slated for delivery at the end of 2022.
“We’re proud to have this opportunity to showcase urban heritage with the MAA project and at the same time revitalize the iconic MAA Sports Club. MAA’s residents will be mostly professionals who want to live close to work and enjoy the neighbourhood’s lively “live, work, shop, play” environment, which includes close proximity to Parc Mont-Royal. At every step of the way, we made sure the MAA project respected the memory and spirit of this rich historic neighbourhood,” said Marco Fontaine, Vice-President development, sales and marketing at Devimco Immobilier.