Residential and Commercial Complex in Montreal: Work has begun

The project to transform the sector at the intersection of Montreal’s Old Montreal and Griffintown into a residential and commercial complex officially began Tuesday.

The official starting signal for the work was given on Tuesday on the project site as part of a ground-breaking ceremony.

The “Haleco” project with an area of ​​31,442 m2 will house a residential rental component of 327 units and 40 communal apartments as well as office space on two floors of almost 4,000 m2.


Residential and Commercial Complex in Montreal: Work has begun

Photo courtesy of Ivanhoecambridge

A commercial space of 1432 m2 on the ground floor of the building and 994 m2 on the mezzanine will host an open public market, while the basement will be occupied by an urban agricultural area of ​​approximately 500 m2.

“The City of Montreal’s municipal satellite garage, which was located on the site at Rue de la Commune Ouest, will be moved to Rue Nazareth and will occupy the ground floor of the building,” Ivanhoé Cambridge, who is leading the project, said via press release.

“Ivanhoé Cambridge is proud to deliver this urban regeneration project in the heart of our metropolis, which not only aligns with our desire to invest in Quebec, but also aligns our commitment to achieve carbon neutrality of our portfolio by 2040,” said Élise Proulx, Director of Quebec’s Economic Development at Ivanhoé Cambridge.


Residential and Commercial Complex in Montreal: Work has begun

Photo courtesy of Ivanhoecambridge

The work will take place over a period of approximately two years, with delivery of the first rental space scheduled for summer 2024. The Canadian government has contributed to the project with a low-cost loan of US$135 million.

Recall that “Haleco” won the international competition “Reiventing Cities” organized by the C40 organization, held in cooperation with the City of Montreal. This collaborative initiative between cities around the world and C40 aims to “encourage the development of housing models and low-carbon communities that offer innovative solutions” to the challenges posed by climate change and urbanization.

For the Mayor of Montreal, Valérie Plante, “this environmentally responsible real estate complex corresponds in every respect to our vision of a model neighborhood” with green spaces, social and affordable housing and shops.

“As a member of the C40 network, we are committed to mobilizing the entire economic and political community to make green and inclusive projects like Haleco a reality,” she said in a press release.

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