A $ 250 million real estate complex in the Saint-Laurent borough - The Canadian
Tuesday, November 24

A $ 250 million real estate complex in the Saint-Laurent borough


A mixed housing complex of $ 250 million will be added to the landscape of the borough of Saint-Laurent, in Montreal.

With four towers, two of which are rental, the Monarc project will eventually include more or less 680 units of condos or rental apartments at the crossroads of Cavendish and Thimens boulevards.

A first rental tower is already under construction with a view to occupancy in July 2021. Next summer, the excavation of the first of two condo towers will begin, which will welcome its occupants in 2023. The units will be detailed. from $ 208,000 to $ 610,000, for areas varying from 425 to 1,300 square feet. Some units will have up to three bedrooms for families.


A $ 250 million real estate complex in the Saint-Laurent borough

Photo courtesy, Trantor Immobilier

It is the developer Trantor Immobilier who realizes Monarc, for which we are aiming for LEED silver certification. The company is piloting the rental portion with Jadco Corporation, with which it is also developing the Equinoxe Marc Chagall rental project in the linked city of Côte-Saint-Luc.

“For us, Monarc really has a prime location. There is everything a person needs in the area. There is the new Bourbonnière park and also the Marcel-Laurin park, a 15 hectare green space with hiking trails and sports fields, a library, an arena and a sports complex. You can cross the street to go cross-country skiing in winter, ”summarized in an interview with the QMI Agency Alexandre Bouhadana, president of Trantor Immobilier.


A $ 250 million real estate complex in the Saint-Laurent borough

Photo courtesy, Trantor Immobilier

Monarc will also be located near several businesses and will provide quick access to the Côte-Vertu metro station and the Bois-Franc station, where trains of the Réseau express métropolitain (REM) will stop from 2023.

The company acquired the land of nearly 290,000 square feet in 2015 for development. “We took the time because we wanted to work on it and the Borough of Saint-Laurent wanted the development to integrate well with the rest of the territory,” said Mr. Bouhadana, referring to the interior courtyard, ” where the pedestrian routes will be made so as to access the existing axes to go directly to the library or the neighboring shopping center ”.


A $ 250 million real estate complex in the Saint-Laurent borough

Photo courtesy, Trantor Immobilier

Developers believe Monarc will be of interest to both young professionals and young couples, but also people who are selling their property to relocate to a smaller space. The proximity of one of the most important industrial parks on the island of Montreal, that of the borough of Saint-Laurent, could also encourage workers to settle in Monarc.

“The important thing is to have a varied clientele. This is also why we have rental units and condos, to have a mix of people, which is always more interesting, ”said Mr. Bouhadana.

COVID-19 requires, it will be possible to carry out all the stages of rental or purchase virtually, although a sales office will be inaugurated next Monday on the site.

It is the NEUF architectes firm that signed Monarc. As for the 18-foot-high entrance halls that will be fitted out in each building, they will be the work of designer Andres Escobar of Lemay + Escobar.


A $ 250 million real estate complex in the Saint-Laurent borough

Photo courtesy, Trantor Immobilier

Each tower will have an indoor swimming pool, a gym and an outdoor terrace with BBQ. Two of the buildings will also have a green roof where it will be possible to grow vegetables, as at the neighboring Lufa Farms. “Yes, it is a change made recently that will allow people to plant vegetables, but there will be no greenhouses,” said Bouhadana.

Shared workspaces, a yoga room and an owners’ lounge with kitchen and video games room will also be available in the towers of the condos.

In the inner courtyard, we will find greenery and an outdoor amphitheater.


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