Devimco Immobilier has been selected by Club Sportif MAA, a health and fitness facility, to develop a mixed-use condominium project on Peel Street, just south of Sherbrooke Street in Montreal. Once complete, the 33-storey condominium will feature a revitalized Club Sportif MAA.
“We are proud to have been selected to develop this project of great historical significance and, above all, to oversee the very first mixed-use project of this type in Quebec,” said Serge Goulet, president of Devimco Immobilier, in a press release.
The $150 million project will feature over 300 condominium units, ranging from studios to 7,500-square-foot penthouses, designed to upscale hotel standards, an indoor pool, 31 residential floors and 45,000 square feet allotted for Club Sportif MAA.
A budget of $20 million is being set aside for the construction of Club Sportif MAA. The building’s façade on Peel Street will undergo extensive restorations in order to restore it to its original appearance. The fitness club’s 2,800 members will be relocated during construction or will be given the option to cancel their membership.
“We chose Devimco because of its expertise in urban real estate development and mixed-use projects,” added Pierre Blanchet, president and CEO of Club Sportif MAA. “This developer also offered the fastest timeline for Club Sportif MAA’s relocation, thereby ensuring a smooth transition for our members.”
Condominium units are set to go on sale in February 2019, with construction slated to begin in August 2019.