Developer Brivia looks to lay claim to tallest residential tower in Montreal with 61-storey, $400M project
May 30, 2019 by On-Site Staff
MONTREAL—A real estate development firm with several completed projects under its belt and a couple more in progress is setting its sights higher.
Brivia Group announced plans May 30 for a 61-storey tower near Phillips Square in downtown Montreal. If completed today, the 220-metre building would be the tallest residential tower in the city, eclipsing a number of condos either proposed or under construction.
The so-called 1 Square Phillips — located on what’s now a parking lot — is the first of three towers the company plans to build on a site between Place Phillips and Saint Alexandre streets. Brivia released few details about the later stages, but said the total development could cost $1 billion. Construction costs for the first tower are estimated at $400 million.
Like other Canadian cities, Montreal’s booming real estate market continues to drive construction of taller towers. Earlier in the month, developer and contractor Broccolini broke ground on a 200-metre tower slated to be the city’s tallest residential building when crews complete the job in 2023.
If it moves ahead, Brivia’s proposed tower will rise above Brocollini’s 58-storey Victoria sur le Parc by about 20 metres. The development firm said the building will include 789 residential units and cover some 122,000 square metres (1,313,000 sq. ft.).
Brivia plans to start construction on the project next year and anticipates first occupancies in 2024.