By the next decade, a major residential project will be created on the Louis-Hippolyte-La Fontaine boulevard, in the district of Anjou, in Montreal.
The real estate company Capital Square has just acquired the land housing the Toys “R” store, which has just closed its doors.
The terrain, with an area of 200,000 square feet, is located at the corner of Boulevard Louis-Hippolyte-La Fontaine and rue Saint-Zotique. The transaction, concluded in partnership with the company Randev Holdings Inc., amounts to more than $ 32 million.
“For us, what was really important is that the land is located near the future metro station [de la ligne bleue] », Underlines Martin Lacharité, partner and vice-president, acquisitions and business development at Capital Square.
Another business in the field, a branch of the Hart chain, should close its doors.
Mr. Lacharité mentions that the project will be deployed in several phases, in the next 8 to 10 years, and that it should include affordable housing.
