Groupe HD, a Quebec-based real estate investment, development, construction, and management firm, has announced plans for a new residential project in downtown Montreal on the site of the former YWCA building.
According to the company, the project includes the construction of a 30-story rental residential building with over 400 units, along with a commercial component at street level. The development is being budgeted at over $200 million.
The demolition of the existing building is fully approved, with construction of the new project to begin this coming autumn.
Thomas Dufour, co-president of Groupe HD, stated, “Downtown remains a key hub of Montreal. We believe in its capacity to evolve and in the importance of maintaining a high-quality residential offering. This project is part of a long-term vision aimed at actively contributing to its vitality.”
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