Montreal's skyline is about to get a facelift thanks to an all-new luxury condo tower development that just began construction. Maestria, headed by Devimco Immobilier, the Fonds immobilier de solidarité FTQ, and Fiera Real Estate is going to be Montreal's largest-ever mixed-unit luxury tower development to date.
Maestria will feature two towers of 57 and 61 storeys with a total of 1,750 residential units. The project is set to cost more than $700 million and will overlook the Quartier des Spectacles.
When first announced in 2018, 75% of the condo units in the first tower were sold within a few months, according to a press release. The first tower will comprise 438 condominium units. At the groundbreaking this morning, developers announced that they've launched sales for the second tower, which will have 611 condos and 340 rental units.
Maestria's stunning architecture is a tribute to the cultural vibrancy of the Quartier des Spectacles, according to developers. The two towers will be connected by an aerial walkway at the 26th and 27th floors.
"The real estate market is going strong, which is enabling us to develop projects as distinctive and avant-garde as Maestria," said Serge Goulet, President of Devimco. "We are proud to be establishing a presence in this thriving artistic neighbourhood."
Maestria is set to be a LEED-certified building, applying sustainable practices and will be environmentally responsible. Residents will have access to green space and state of the art leisure facilities.
There will also be retail spaces, restaurants, and a small public plaza that will be accessible to all. Units will range from 300 to 2,200 square feet.
"This creative work goes beyond anything done before in the real estate market," said Marco Fontaine, Vice-President Development, Residential and Marketing, at Devimco.