Groupe HD and Fondaction are collaborating on a $55 million sustainable residential development project in LaSalle, Montreal, which will include 155 housing units, 16 of which will be affordable.

Target Information

Groupe HD, in collaboration with Fondaction, is embarking on a new residential project designed to be both sustainable and inclusive. The project involves the acquisition of a 72,000 square foot lot located at 1855 Dollard Avenue, near the intersection of Newman Boulevard in LaSalle. The objective is to revitalize an old commercial site, previously home to an automobile dealership, into a multifamily residential development consisting of 155 housing units.

This initiative aligns with LaSalle’s ecological transition objectives, addressing various criteria such as increasing green spaces, implementing sustainable construction practices, and ensuring eco-friendly management of parking facilities. The project aims to secure LEED certification and achieve energy performance that is 40% superior to the National Energy Code of Canada for Buildings (NECB), ensuring high environmental standards and providing a high-quality living environment for future residents.

Industry Overview in Canada

Canada's residential construction industry is currently experiencing significant growth, driven by increased demand for housing amid urbanization and a burgeoning population. This upward trend is expected to persist as cities l