Montréal, May 9, 2018 – The Fonds immobilier de solidarité FTQ and Cogir Real Estate are partnering for the construction of a new rental residential project, UniCité, on Molson Street in the Montréal borough of Rosemont–La Petite-Patrie. The building will consist of 175 units and commercial space that will be occupied by an IGA supermarket. It will include 28 community housing units managed by a housing cooperative with the help of the social economy enterprise Bâtir son quartier.
About the building:
- 67,725 ft2lot;
- Building with seven above-ground floors;
- 175 units, including 23 at affordable rents, in keeping with the Politique locale d’inclusion de logements abordables de Montréal and 28 community housing units that will be managed by a housing co-op with assistance from Bâtir son quartier;
- Outdoor pool on top of the commercial space;
- Fitness room on the first floor;
- Studios, one- and two-bedroom units ranging in size from 435 ft2 to 1,050 ft2;
- All units will have a balcony, air conditioning and storage space;
- Commercial space of 32,292 ft2 on the ground floor occupied by an IGA supermarket;
- Additional commercial space of 5,080 ft2 for convenience stores;
- Bicycle racks;
- Community garden;
- Indoor two-storey underground parking with 148 spaces, including 60 spaces for supermarket customers.
About the location:
- Located at 5300 Molson Street in the Montréal borough of Rosement—La Petite-Patrie;
- Near Masson Street– Promenade Masson and Angus Shops;
- Facing Pelican park and bicycle paths;
- Access to public transit – bus lines nearby – connecting commuters to the metro in about 10 minutes.
Quotes
“The UniCité project is located in a vibrant area where the potential for residential development is expected to grow. With its terrace, pool, urban chalet, fitness room, indoor parking and an IGA supermarket on the ground floor, it offers real added value to a neighbourhood that has undergone a major revitalization in recent years.”
Jean-Marc Bélanger, Vice-President, Operations, Multi-residential, Cogir Real Estate
“UniCité is a comprehensive project that will create some 400 jobs. With access to Pélican park, bicycle paths and public transit, it’s a great housing option for both young families and retirees.”
Normand Bélanger, President and CEO, Fonds immobilier de solidarité FTQ
“This project will create a housing co-op, supported by members who have been involved for many years. These units for families and small households will take up an entire floor, creating social diversity within the project. Bâtir son quartier is proud to collaborate in the creation of inclusive mixed living environments such as this one, which help maintain and fuel the city’s economic and social vitality.” Édith Cyr, Managing Director, Bâtir son quartier
About Bâtir son quartier
Bâtir son quartier is a social economy organization that coordinates the development of community housing and real estate projects in order to create supportive living environments for low- and modest- income households. Since its first initiative in 1976, Bâtir son quartier has completed more than 420 non- profit or cooperative projects for a total of almost 12,800 housing units in Greater Montreal, as well as numerous day care centres, community centres and facilities for social economy organizations. Bâtir son quartier is a partner of Société d'habitation du Québec in housing projects financed through the AccèsLogis Québec program. www.batirsonquertier.com
About Cogir Real Estate
Founded in 1995, Cogir Real Estate is a Québec company with close to 2,800 employees who are passionate about real estate and who work day-in, day-out to satisfy their customers. Its team manages more than 150 properties in Québec, Ontario and Nova Scotia. COGIR also manages more than 7 million square feet of residential, commercial, industrial and office real estate, as well as more than 17,200 units in retirement homes and rental buildings. The company also has extensive experience in hotel management.
About the Fonds immobilier 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. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. At December 31, 2017, the Fonds immobilier had 47 projects in progress, 53 properties under management, 14 million square feet of land for development and $69 million allocated to affordable, social and community housing. The Fonds immobilier is a member of the Canada Green Building Council.