More places to stay in Griffintown

The Brivia Group and its partner Olymbec have just completed the purchase of a huge quadrangle in the Griffintown area east of Guy Street. You want to build a multifunctional real estate complex including living space.

Posted at 5:00 am

Andre Dubuc

Andre Dubuc
The press

The 28,000-square-meter (300,000-square-foot) lot, currently occupied by derelict 1940’s warehouses, will be the subject of a development, details of which will be announced at a later date.

The new owners are pleased to announce that they intend to undertake a mixed-use, low- to medium-sized real estate project in multiple phases. The proposed development plan is currently in the hands of the city, they assure.

“Although we are in the process of conceptualizing this future project, we already know that the Îlot de la Montagne will offer a diverse range of additional housing in the neighborhood that meets market needs and includes an institutional and commercial component,” said Kheng Ly, Founding President and CEO of Brivia Group, said in a statement released on Tuesday.

The square in question consists of the streets William, Barré, de la Montagne and Guy.


The buyers, who formed the Îlot de la Montagne limited partnership, paid 104 million to the seller Chiko Nanji, founder and sole proprietor of Métro Logistique, which operates 45 logistics centers and employs around 6,000 people.

This price is almost five times the value listed on the City of Montreal valuation list.

According to the transaction, which was notarized in summer 2021, Brivia and Olymbec should pay a balance of the sale price of 80 million by July 8 at the latest.

The initially unnoticed transaction was highlighted in the newspaper’s annual review Offers.

  • The square in question consists of the streets William, Barré, de la Montagne and Guy.

    PHOTO PHILIPPE BOIVIN, THE PRESS

    The square in question consists of the streets William, Barré, de la Montagne and Guy.

  • The square in question consists of the streets William, Barré, de la Montagne and Guy.

    PHOTO PHILIPPE BOIVIN, THE PRESS

    The square in question consists of the streets William, Barré, de la Montagne and Guy.

  • The square in question consists of the streets William, Barré, de la Montagne and Guy.

    PHOTO PHILIPPE BOIVIN, THE PRESS

    The square in question consists of the streets William, Barré, de la Montagne and Guy.

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“The project will help promote a more fluid connection between Notre-Dame Street and the Lachine Canal and is part of a desire to respond to the housing market,” Richard Stern, President of Olymbec, said in the same statement. It is about creating a structuring development project with a future vision for the community; a project that meets the needs of citizens and complements this sector with commercial diversity and generous green spaces. »

Brivia is known for its projects and achievements such as 1 Square Phillips, Mansfield Condos, YUL and QuinzeCent among its twenty projects in portfolio. The group is also active in Toronto and Vancouver. Last April, he announced a phased subdivision of 500 apartments at Versant Soleil in Mont-Tremblant, with phase one units going on sale in the autumn.

For its part, Olympec has been in existence since 1975. It is one of the largest private commercial real estate companies in eastern Canada, with offices in key markets in Quebec and the United States. Recently, Olympec made headlines with the accidental demolition of the listed building of the Domaine-de-l’Estérel shopping center, a masterpiece of art deco. It was built between 1936 and 1937 by the Belgian Baron Louis Empain.

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