URBANIA 2 Breaks Ground on a First Condo Tower Steps from Montmorency metro in Laval

LAVAL, QC, Nov. 25, 2015 /CNW Telbec/ - Urbania 2 partners Société de développement Urbania and the Fonds immobilier de solidarité FTQ broke ground today on the first tower of this massive multi-residential development that will ultimately consist of 6 buildings totalling 1,150 condo units.

Part of a Transit-Oriented Development approach, the project is located in Laval, just a short walk to the Montmorency metro and the future Place Bell, at the intersection of Émile-Martineau and Lucien-Paiement. The first tower will consist of 223 condos over 16 floors, plus 246 parking spaces.

Urbania 2 offers one- to three-bedroom condos and two-storey townhouses. Nature lovers will appreciate the large courtyard, complete with a waterfall, leisure and gardening space, not to mention nearby walking and running trails. The complex will also have a playground. Bicycle racks as well as vehicles from Communauto will also be available. 

"The urban village concept is what makes Urbania 2 so appealing. With lush gardens, a lively pedestrian street, trendy cafés, stylish restaurants, fashionable shops, university district and easy access to the metro, urban life in the suburbs is now a reality," said Sébastien Lessard, President of Société de développement Urbania.

"By creating a mixed-use living environment, this new urban hub is becoming a sought-after place in Laval, for work, recreation and housing," said Normand Bélanger, President and Chief Executive Officer of the Fonds immobilier de solidarité FTQ. "This first tower, valued at almost $51 million, will generate some 340 jobs, just one more great spinoff of this project," concluded Mr. Bélanger.

About the Fonds immobilier de solidarité FTQ
Created in 1991, the Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. The Fonds immobilier backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. At May 31, 2015, the Fonds immobilier had 38 projects in progress, 38 properties under management, 18 million square feet of land and $53 million invested in affordable, social and community housing. The Fonds immobilier is a member of the Canada Green Building Council.

SOURCE Fonds immobilier de solidarité FTQ

Image with caption: "Urbania 2: a Société de développement Urbania and Fonds immobilier de solidarité FTQ project in Laval (CNW Group/Fonds immobilier de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20151125_C7605_PHOTO_EN_553533.jpg

Image with caption: "Urbania 2: a Société de développement Urbania and Fonds immobilier de solidarité FTQ project in Laval (CNW Group/Fonds immobilier de solidarité FTQ)". Image available at: http://photos.newswire.ca/images/download/20151125_C7605_PHOTO_EN_553535.jpg

Josée Lagacé, Director, Communications and Marketing, Fonds immobilier de solidarité FTQ, Telephone: [phone], Mobile: [phone], [email protected]