Acquisition and partnership: Repurposing of a commercial site in Anjou as a TOD project with nearly 1,000 residential units
Montreal, May 9, 2024 – Groupe HD and its partners Kastello Immobilier and Société Financière Bourgie are proud to announce a major real estate transaction that marks a significant milestone in the urban development of the Montreal borough of Anjou.
The deal was concluded thanks to a solid partnership made up of three leading players: Groupe HD, a residential real estate development company; Kastello Immobilier, a recognized property investment and management firm; and Société Financière Bourgie, a holding company committed to supporting growth companies and high-potential projects.
This strategic acquisition will revitalize the Fortier Ford commercial site, located at 7000 Boulevard Louis-H.-La Fontaine, as a transit-oriented development (TOD) comprising almost 1,000 residential units. The terminus of the Montreal métro’s blue line extension, currently under construction, is less than 250 metres away, maximizing the site’s potential for development of a fully integrated living environment. Quick access to public transit, green spaces, local retailers and other neighbourhood services are significant project assets.
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