MONTREAL – The construction of one of the tallest residential towers of the metropolis, 1 Phillips Square, puts in motion these days, thanks to an investment of $ 560 million for the first phase only.
It has proceeded Thursday, in the first shovelful of earth giving the signal of the official starting the construction work, while 75% of the 498 units have been sold. Among the units, there will be 36 penthouses and three super-penthouses for the very wealthy. Nearly 300 apartments will also be available for rental in the first tower, which must be delivered in 2024.
The entire real estate major, a realization of the Group Brivia, will be located close to Place Ville Marie and a few steps from the Quartier des spectacles. It is the firm Menkès Shooner Dagenais LeTourneux Architects who created this project, which will have a total value of $1 billion.
Two other phases are planned, or towers of 14 and 20 floors, according to what had already informed the Group Brivia.
In these times of pandemic, the proponent and its partners have had to “redouble our efforts” to meet the timelines.
“The last few months have not been easy, but I am very happy today to announce that the work of construction of 1 Square Phillips may commence as planned,” said Kheng Ly, president and CEO founder of the Group Brivia.
“With this first phase, the Group Brivia will play a key role in the revival of the economy of the metropolis, and especially of its city centre,” said the business man. The investment projects in the real estate sector play an important role and our Group intends to respond to the call. Montreal is on an ascending path since a few years in development, and we continue to firmly believe in our city.”
The tallest tower in the 1 Phillips Square will have 61 floors and is expected to reach 232,5 meters above the level of the river Saint-Laurent. It will have a “sky lounge” of 5700 square feet and an outdoor garden of about 4100 square feet, both of which are installed on the 50th floor.
The complex will include a dog run and a health space of 12 000 square-foot yoga studio, pool and spas, etc, Three green roofs will be fitted, as well as white membranes on roofs to reduce heat islands.
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The société de développement commercial Destination centre-ville welcomed Thursday the arrival of the 1 Phillips Square and approximately 1100 residents who will live in the first phase in four years.
“In normal times, the Montreal city centre is frequented daily by almost 400 000 workers, and inhabited by 40,000 residents,” said its director-general, Émile Roux.
“The crisis we are experiencing shows us to what point it is essential to be able to count on a greater number of residents to have a city centre strong and resilient, he added. A project like the 1 Phillips Square, which will create an environment of extra life, and so sustain the vitality of a commercial area.”
The Group Brivia, including the 1 Phillips Square is the largest residential project to date, is currently completing the second tour of the entire YUL Condominiums (38 floors) and also carries out in parallel the project nearby, dubbed QuinzeCent (36-storey) at the corner of boulevard René-Lévesque Ouest and rue Guy.
The area to the east of Place Ville Marie to Place des Arts is full of excitement, with the real estate projects Imperia (22 floors), Maestria (58 and 61 floors) and Lawrence & Clark (20 and 25 storeys).
Several real estate projects for rental are also being born in the neighborhood, including two towers of 36 and 45 storeys on the land in the vicinity of the headquarters of SNC-Lavalin, at the corner of boulevard René-Lévesque Ouest and rue de Bleury.