Ivanhoe Cambridge, Quebec's pension fund manager, announced today it will be spending $1 billion over three years to renovate and construct new buildings in downtown Montreal.
Here's what the money will be spent on:
- Renovating Place Ville Marie and adding an observatory to the top floor
- Modernizing the Queen Elizabeth Hotel
- The redevelopment of the Ailes de la Mode area
Ivanhoe Cambridge is also planning to build a new office tower on de Maisonneuve. If built, the tower will built at 900 de Maisonneuve and house 475,000 square feet of space to be leased.