Although announcements have slowed down, for now, many projects are still in the works and have yet to be announced. Nonetheless, yet another record breaker has been announced in downtown Montreal, showing how strong the market still is in Montreal. In fact, due to the hot real estate market in the city, it accounted for nearly half of the $213-Million dollar surplus the city had in 2018! This is due to an increase of foreign buyers downtown, which represent only 10% of sales (a very healthy number) plus the number of families, singles, millennials and students who move into downtown every year. The last population figure came out in 2016, which pegged it at 120,000 and that should be closer to 130,000-135,000 by end of 2019 if the same pace continues.

Project insights

1. 1500 De Maisonneuve West (19-floors)

Located next to the University of Concordia, work is underway of demolishing an older building to make way for a new hotel with commercial on the ground floor. This is great news since it will add more commercial space to the Western portion of downtown to service citizens, tourists and students while also adding another hotel. As for the hotel, no idea which brand it will be, stay tuned for updates.

2. Matestria (55/58 floors)

The project has been selling well since the project was announced a few months ago, and phase 1 should start construction at the end of 2019. Once completed, these two towers (185 metres/198.5 metres) will add a bold, modern and clean residential tower to the downtown area in the Entertainment district.

https://www.maestriacondos.com/en/

3. Roccabella sur la Montagne

Sales are also going well for phase 3 of the Roccabella development in the Bell Centre district. What’s great is that the developers have asked for a height increase of the project, from 22-floors to 30-floors. This again shows that there is high demand for living and investing in downtown Montreal. There currently is not a render of the taller project, but once made available, I’ll update the project.

https://roccabella.ca/en/

4. 2070 Peel- MAA Condos (33-floors)

Renders have been released recently of the expected project to rise up on Peel street downtown. At 120 metres high, it will add a sophisticated and modern high rise to the downtown area. The project will consist of 300 units and have a total investment of $150-million dollars.

https://maacondos.com/en/

5. Evolo NEX- Nuns island, 38-floors

Yet another 30+ floor condo is proposed on the fast-growing Nuns Island, which is about a 5-10 minute drive from downtown. The neighbourhood has been another fast growing area due to the quiet nature, being surrounded by nature, the close proximity to downtown and the South Shore and now with the REM under construction, it will give another upside to the neighbourhood! The project is expected to launch in autumn of this year.

https://nexcondos.ca/en/?gclid=EAIaIQobChMI4Lif-eLO4gIVzuDICh3A_AdZEAAYASAAEgJmXvD_BwE

6. Record Breaker Square Phillips (61,21,13 floors)

The moment we’ve all been waiting for! Montreal’s first 60+ floor skyscraper located at 1 Square Phillips. At 220-metres above sea level (tower height rumoured between 185-197 metres tall) it will add yet another bold tower to the skyline and make a statement. It will also be the fifth tower announced in under a year that will be above 185 metres in height. The project will be done in multiple phases, with phase 1 being the main 61-floor tower. This portion will make up 789 of the 1,150 units. The other phases will include the remaining condo units, while the 13-floor highrise at the base will make up a high-end hotel facing Phillips Square. Phase 1 will have a $400 Million dollar investment, while the project overall is estimated being close to $1 Billion dollars.

https://www.habiterlesquare.ca/home

As always, when more projects are announced and more information is announced, I will update everyone with other posts. Keep an eye out on more projects in the future, construction updates and more updates on the festival season commencing in Montreal!