Cadillac Fairview Corp. says it plans to restore Montreal’s historic Windsor Station as part of a sprawling mixed-use development project for the city’s downtown.
The Toronto-based real estate arm of Ontario Teachers’ Pension Plan unveiled more details of its previously announced $2-billion office-retail-residential development plan.
In addition to two buildings under construction – the 50-storey Tour des Canadiens residential edifice and the 26-storey Deloitte Tower – the project will include five residential buildings and two office towers, the company said on Friday.
Salvatore Iacono, Cadillac Fairview senior vice-president of development and portfolio management for Eastern Canada, said the project – called Quad Windsor – will “completely transform the downtown core, creating a new district that offers a modern, state-of-the-art place to work and live.”
When completed in about 15 years, Quad Windsor will boast a total of more than four million square feet, he said.
“Such a combination of uses will contribute to creating a vibrant new downtown neighborhood that will successfully continue the natural extension of Montreal’s downtown core, adding new signature towers to the skyline and much-improved connections to neighbouring districts and Griffintown.”
The Tour des Canadiens and the Deloitte office complex are located close to the Bell Centre, home of the NHL’s Montreal Canadiens.
Two of the additional residential towers – at 38 storeys each – will be located on St. Antoine Street, south of the Bell Centre.
Following that phase, two office towers are to go up on nearby Peel Street.
After that, the plan is to construct three residential towers at Peel and St. Jacques.
Finally, Cadillac Fairview says it will improve the heritage-designated Windsor Station – next door to the Bell Centre – “paying special attention to preserving its essence, architecture and history.”
The plan is a more sprawling version of Cadillac Fairview’s mixed-use Maple Leaf Square around the Air Canada Centre in Toronto.