Devimco Immobilier, in partnership with Fonds immobilier de solidarité FTQ, is set to develop over 2,000 condominiums in Montréal's Quartier des lumières, a mixed-use project emphasizing social diversity and environmental sustainability.

Target Information

Devimco Immobilier, a prominent real estate development firm in Québec, has embarked on a substantial project in partnership with the Fonds immobilier de solidarité FTQ, focusing on the construction of over 2,000 condominium units. This initiative will take place at the Quartier des lumières, a mixed-use development on the site of the former Maison de Radio-Canada. The company has a successful track record in residential unit construction, having developed 6,300 residential units on the Island of Montréal in the last seven years alone, amounting to a total investment of $2.4 billion.

This initial phase, named Auguste & Louis in homage to the Lumière brothers, will incorporate a diverse array of amenities, including social housing, rental apartments, and commercial spaces, while also embracing a sustainable design with ample public green spaces. The condominiums will be strategically located at the intersection of Wolfe Street and René-Lévesque Boulevard, enhancing urban living and engaging community interactions.

Industry Overview in Québec

The real estate market in Québec is experiencing significant growth, propelled by increasing urbanization and a population eager for urban living solutions. The demand for residential units, particularly condominiums, continues t