OASIS SELLS MORE THAN THEIR EXPECTATION

OASIS SELLS MORE THAN THEIR EXPECTATION

20 April, 2018

Broccolini plans to build the tallest residential tower in Montreal on land it recently acquired near the Tour de la Bourse, in a move that would replace its own L/Avenue development as the city’s highest residential skyscraper. Montreal-based Broccolini has purchased this 135,000 square foot downtown property in the city and plans up to 1.5-million square feet of mixed-use development on it. Montreal-based Broccolini plans to build the city’s tallest residential tower on part of this 135,000 square foot downtown property. The rest of the site will house a new National Bank headquarters

Broccolini plans to build the tallest residential tower in Montreal on land it recently acquired near the Tour de la Bourse, in a move that would replace its own L/Avenue development as the city’s highest residential skyscraper. Montreal-based Broccolini has purchased this 135,000 square foot downtown property in the city and plans up to 1.5-million square feet of mixed-use development on it. Montreal-based Broccolini plans to build the city’s tallest residential tower on part of this 135,000 square foot downtown property. The rest of the site will house a new National Bank headquarters.

The mixed-use building, at 700 Saint-Jacques St. would be 56 storeys. It would include 400 condominium units and 300,000 square feet of office and commercial space at its eight-storey base, says Roger Plamondon, president of real estate development and acquisitions at Broccolini. Designs for the building, which is slated for completion in 2023, are still “very, very preliminary,” he says. Broccolini’s 50-storey L/Avenue condo, office and retail tower near the Bell Centre is currently the city’s tallest mixed-use residential tower. Plamondon was speaking at the Montreal Real Estate Forum on March 28 during a session on significant projects in the city.  First Capital announces $250M development during the session, First Capital Realty (FCR-T) also announced a $250-million investment to replace its Wilderton Shopping Centre in the midtown Côte des Neiges area. It will construct a residential and commercial development of about 600,000 square feet to be built over the next five years.