O Mile-Ex tech hub artificial intelligence Montreal

Tech hub, O Mile-Ex sold to Spear Street Capital

Monday, August 26, 2019

Canada’s biggest artificial intelligence hub – O Mile-Ex – has just been sold to Spear Street Capital, a San Francisco based real estate fund that develops buildings for companies active in tech.

Located at 6650–6666 Saint-Urbain, the 400,000 square-foot former textile mill was acquired in 2014 and fully converted by TGTA, a real estate development and investment firm based in Montreal since 1989.

According to the press release, the two-building complex houses approximately 20 tenants, including Mila, IVADO, Thales and Element AI. It features a gym, board game area, daycare and a cafe operated by chef Martin Juneau, owner of Restaurant Pastaga, and his team. This summer, a park was added to the back of the building on a site that was originally intended as a parking lot, but later repurposed to add more space for greenery and relaxation.

“Spear Street Capital’s bid was the most attractive offer and the most reassuring in terms of the future of the project. Given their experience and their portfolio of assets, we believe they’ll be able to uphold the vision that has guided us in designing, developing and managing this one-of-a-kind workspace that contributes to the Montreal of today and tomorrow,” a partner at TGTA, Martin Galarneau said in the press release.

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