Montreal developers are planning to build two 50-story residential towers in the heart of the city’s Quartier des Spectacles.
One tower will have 53 floors while the second will have 51, both with room for 1,000 condos and 500 rental units.
The towers will be called Maestria and will be developed by Devimco Immobilier, the Fonds immobilier de solidarité FTQ and Fiera Properties. The price tag for the massive buildings will have a projected cost of $700 million, which would make it the highest-profile development of its type in Montreal.
Mid-way up the towers, there will be a walkway where residents will be able to watch the events taking place at the Quartier des Spectacles.
The towers will include a movie theatre, music studios, and other creative spaces for workshops. Plans also call for a mini-plaza for adjacent retailers, which could be used to host cultural events.
The buildings will have access points on Jeanne-Mance, de Bleury and Ste. Catherine streets.
“We are proud to be building a distinctive, avant-garde property that will help enhance the urban fabric of this booming arts and culture district,” said Devimco Immobilier President Serge Goulet. “With this landmark project, we intend to maintain the Devimco tradition of creating a living environment with mixed uses that will serve project residents as well as visitors to this highly popular part of Montréal.”
Other highlights of the Maestria project include:
Construction on the $700 million project is slated to begin at the end of 2019.