A new sustainable and inclusive residential project by Groupe HD and Fondaction is set to be built in LaSalle borough
MONTRÉAL, Aug. 19, 2024 /CNW/ – Groupe HD, in partnership with Fondaction, announces the acquisition of a 72,000-square-foot property located at 1855 Dollard Avenue, near the intersection of Newman Boulevard in LaSalle. The aim of this transaction is to revitalize this former commercial site of a car dealership into a 155-unit multi-family residential project.
The project is in line with LaSalle borough’s ecological transition objectives and meets a number of its criteria, such as enhanced site greening, sustainable building and development, and eco-responsible parking management. The project is seeking LEED certification and energy performance 40% above the National Energy Code of Canada for Buildings (NECB) standard, guaranteeing a high level of efficiency that will provide a quality living environment for future residents.
The partners are committed to sustainable and social development, and have confirmed the inclusion of 16 affordable housing units in the project. To ensure diversity among the individuals and families who will benefit from these units, the project will include studio apartments, one-, two- and three-bedroom units, all offered at prices 20% to 30% below market value. This initiative aims to make a significant impact by meeting the pressing need for new, affordable, quality housing in LaSalle borough.
Thomas Dufour, Co-President, Groupe HD, explains: “This new project reflects our values of social responsibility and sustainable construction. By working with Fondaction, we are contributing to the common effort to provide more quality housing, including affordable units, during a time of shortage. This approach aligns with our vision of inclusive and sustainable urban development.”
And Marc-André Binette, Deputy Chief Investment Officer, Fondaction, notes: “ This project is consistent with Fondaction’s strategy for sustainable real estate and adaptation to climate change, in particular through its energy efficiency and LEED certification. What’s more, the transformation of this almost entirely paved site into green space will reduce heat islands while increasing the ratio of green space in an urban setting.”
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