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The Mega-Plex Pont-Viau has been sold … and will be demolished

However,

Mega-plex pont-viau been sold …:

This is the Guzzo cinema complex in Pont-Viau in Laval. Nevertheless, The site has just been sold to an entrepreneur from the Laurentians. However, who dreams of a new residential development, learned The newspaper.

According to the sales acts consulted. Consequently, all commercial buildings, including the film complex, and the huge parking lot were sold in two shares, last Monday, for a total of $ 45 million.

<!–[if IE 9]><![endif]–> The shops and the 844,000 pi2 plot where the 16 cinemas of the Mega-Pont-Viau-Viau, in Laval, have just been sold to a residential project were located. mega-plex pont-viau been sold ...

The shops and the 844,000 pi2 plot where the 16 cinemas of the Mega-Pont-Viau-Viau, in Laval, have just been sold to a residential project were located. Furthermore, Photo taken from Google Earth

In an interview. Nevertheless, the sequestration Dominic Deslandes, by Raymond Chabot, confirmed that the land had attracted the interest of several investors and that it was finally sold to the most offering.

The buyer is development 1055 boulevard des Laurentides. Similarly, a commandity company held by entrepreneurs Claudie Bélisle-Desjardins and Pierre-Luc, both shareholders of multiple companies, including Wilnor group and PLV construction.

Residential complex

When writing these lines on Friday. neither of them had followed our interview requests in order to know their intentions for this vast property of some 844,000 pi2a rarity in an already developed sector in Laval.

However. according to mega-plex pont-viau been sold … our information, the Piedmont company, in the Laurentians, prepares the on -site development of a multiésidential complex which can group together nearly 2,000 housing units.

<!–[if IE 9]><![endif]–> The shops and the 844,000 pi2 plot where the 16 cinemas of the Mega-Pont-Viau-Viau, in Laval, have just been sold to a residential project were located. mega-plex pont-viau been sold ...

The shops and the 844,000 pi2 plot where the 16 cinemas of the Mega-Pont-Viau-Viau, in Laval, have just been sold to a residential project were located. Photo taken from Google Earth

It is unknown whether this development will be one of mega-plex pont-viau been sold … rental homes. from co -ownership to co -ownership, or mixed. But according to our information. the construction of the first 500 units could start within a year and then extend over a period of about 24 months, following the demolition of the Guzzo cinema complex.

After the demolition of the Mega-Plex of Deux-Montagnes a few weeks ago. and those announced from Saint-Jean-sur-Richelieu and the Saint-Laurent district, in Montreal (SphereTech), would therefore be added the demolition of the 16 projection rooms of the mega-flex-viau-viau, in Laval.

More than $ 100 million in debts

This collapse is the result of the financial troubles of the Guzzo group. under the protection of the bankruptcy and insolvency law since 2024. The latter faces more than $ 100 million in unpaid debts. including two thirds at CIBC Bank and several private lenders, including the fair, Q8 capital and Q12 capital.

mega-plex pont-viau been sold …

<!–[if IE 9]><![endif]–>  mega-plex pont-viau been sold ...

Archives photo, QMI agency

In December, a judge of the Superior Court authorized Raymond Chabot to launch an investment and sales solicitation process with investors interested in the assets of the Guzzo group. It is in this particular context that the properties (Pont-Viau) on boulevard des Laurentides. in Laval, were sold at the start of the week.

The businessman Vincenzo Guzzo. who has never hidden his desire to buy his property from Pont-Viau, did not follow up on our request for a reaction. The latest news. the latter was trying to relaunch the activities of the Méga-Plex Guzzo de Terrebonne, the only one whose company was the owner.

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Mega-plex pont-viau been sold …

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