Condo development in Montreal’s Golden Square Mile neighbourhood keeps climbing with the MAA Condominiums and Penthouses project on Peel Street.
Led by developers Fonds immobilier de solidarité FTQ and Devimco Immobilier, the 34-storey high-rise will bring a range of 300 units to the historic area, rising directly above MAA Sports Club, a well-known heritage building.
Slated for completion in 2022, the $160 million project will feature refined, contemporary architecture that combines glass and other materials to showcase the facade of the existing building, which will also be restored.
“The MAA development has tremendous appeal because of its location in a sought-after neighbourhood where exceptional condo projects are sprouting and attracting many buyers,” said Normand Bélanger, president and CEO of Fonds immobilier de solidarité FTQ. “The immediate neighbourhood has high-density buildings with architectural interest and tremendous heritage value. The large-scale project is also great for job creation and will ultimately generate 1,100 jobs.”
Marco Fontaine, vice-president of development, sales and marketing at Devimco Immobilier, is looking forward to revitalizing the iconic heritage building.
“MAA’s residents will be mostly professionals who want to live close to work and enjoy the neighbourhood’s lively “live, work, shop, play” environment, which includes close proximity to Parc Mont-Royal,” he adds. “At every step of the way, we made sure the MAA project respected the memory and spirit of this rich historic neighbourhood.”