Montreal, February 16, 2012 - Développement des Bassins Inc., a partnership between Prével Group, Rachel Julien, Fonds immobilier de solidarité FTQ and Claridge, officially launched today Pier 2, the second phase of the Bassins du Havre, a remarkable real estate project located along the Lachine canal, in Griffintown. This new phase will be erected just east of Pier 1, currently under construction.
“Our clients will be happy to see that the construction of the first phase is now at its cruising pace. An all new neighbourhood, which will become an exceptional living environment offering quietness and proximity to downtown, is literally taking form in front of our eyes,” mentioned Jacques Vincent, copresident of Prével Group.
The construction of Pier1 started last December, and the site is already buzzing with activity. “Tens of workers work every day on the site to build what will become, once completed, a new neighbourhood of more than 1,800 housing units by the Lachine canal. At the end of the twelve phases planned in the project, 4,600 jobs will have been created and maintained,” declared Mr. Normand Bélanger, president and CEO of the Fonds immobilier de solidarité FTQ. Let’s remember that the delivery of the Pier 1 units is scheduled for Fall 2013.
Pier 2, for its part, was designed in response to the comments received since the launch of the first phase. It will offer a maximum of units with two or three bedrooms while keeping the concept of town houses, an undeniable asset for families that want to settle down. Pier 2, scheduled for delivery in the spring of 2014, will have 107 units spread over eight floors with surface areas up to 2,680 square feet.
The sales office is also getting a makeover for the occasion. The model units have been completely redesigned to offer a wider choice of materials for interior finishing. “We listened to our customers, and they are now able to organize their future home to meet their aspirations in this unique place that will be the Bassins du Havre neighbourhood” added Mr. Denis Robitaille, president of Rachel Julien.
“We are proud to partner with Prével and Rachel Julien, two experienced promoters known for the quality of their projects. They have demonstrated a vanguard spirit and an innovative vision for the revitalisation of this neighbourhood. Our investment reflects our confidence and support in our partners” declared Mr. Gideon Pollack, Vice President, Business Development, at Claridge.
“The Bassins du Havre project puts forward an urban lifestyle, respectful of the environment and heritage. With the beginning of the construction and the launch of Pier 2, this vanguard vision takes a concrete form for the benefit of the Sud-Ouest Borough and the City of Montreal,” concluded Mr. Benoît Dorais, mayor of the Sud-Ouest borough.
About Prével Group
Prével Group is both a developer and a manager, active in the real estate field for over 30 years, and currently has nearly 250 employees. Attention to detail, sustained efforts in innovation and a rigorous customer focus have allowed Prével Group to acquire an enviable reputation as a leader in the forefront of residential real estate trends. Among Prével Group’s major projects are Bassins du Havre (Griffintown), Le Seville (downtown), Le Loft Impérial (Saint-Henri) and Le Lowney (Griffintown). For more information, visit http://www.prevel.ca/en and http://www.prevel.ca/en/blog
About Rachel Julien
Rachel Julien is a real estate developer, which has specialized in the development of urban condos and conversion of properties in Montréal since 1993. The company is recognized for its respect for Montréal architecture and for the quality and refinement of its unique structures. The Rachel Julien team has several projects to its credit, including Quartier 54, N.O.V.O., Les Condos de la Gare, Place Delacroix and, in the near future, Bassins du Havre, which will be on sale in June 2011, and The U31, in fall 2011. For more information, visit www.racheljulien.com.
About Fonds immobilier de solidarité FTQ
Created in 1991 by the Fonds de solidarité FTQ, the Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects, in partnership with other industry leaders. Over the last 20 years, the Fonds immobilier has invested upwards of $1 billion in 300 such projects, creating and preserving some 26,300 in Québec. For more information, visit www.fondsimmobilierftq.com
About Claridge
Founded in 1987, Claridge inc. is an investment firm with a diversified portfolio, mainly in the food, entertainment and real estate industries. Since its creation, the firm has overseen, among other things, the television networks of TSN and RDS, as well as the production company Grand Entertainment.
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For additional information, please contact:
Sophie Roy
Cohn & Wolfe | Montréal
514-845-2257
sophie.roy@cohnwolfe.ca