The 176-unit Le Namur, the first residential rental building constructed in Montreal’s Côte-des-Neiges area in more than a decade, will be move-in ready this spring.

“In several areas of the city, the rental housing stock is not really recent or accessible,” said Serge Rouillard, who co-heads Habitations Trigone, which partnered on the project with the Fonds immobilier de solidarité FTQ real estate fund.

“We offer a new building, built to the energy standards of today, and can respond to customers.”

The $35-million, 10-storey transit-oriented development project has been under construction since last spring and has created more than 200 jobs.

Le Namur located near transit

Le Namur is located at 4974 Place de la Savane in the heart of “The Triangle” in the Côte-des-Neiges – Notre-Dame-de-Grâce area, which is in the midst of revitalization. It’s near the Namur, de la Savane and Plamondon subway stations, offers a view of Mount Royal, and is in close proximity to the University of Montreal, several hospitals, new shops and cycling trails.

The Triangle development plan was launched in 2009 and aims to increase the number of residential units by 3,200 over 15 years. The plan also calls for the addition of green spaces, bicycle paths and new neighbourhood stores. Target residents are students and young professionals and families.

“The bachelors are fully furnished and are available at a monthly price range between $995 and $1,075,” said Rouillard. “The one-room apartments are between $1,040 and $1,460 and the two-rooms are between $1,215 and $1,745.”

Le Namur will have a two-level underground parking garage, elevator and concierge service. Each floor will have a lounge.

Le Namur has environmental focus

The developers’ goal is to create affordably priced rental housing that’s also environmentally responsible.

“Using a white roof covering material and the choice of colour of the pad will result in a decrease in contribution to the sector’s heat island,” said Rouillard.

“Only low-flow lavatories will be installed and, to encourage active transportation, bicycle parking units are provided inside the building.”

Developers’ backgrounds

The 25-year-old Habitations Trigone is a Montreal residential construction firm that has built 12,000 rental apartment and condominium units on Montreal’s north and south shores. 

Habitations Trigone is developing 26 projects Rouillard said are “more than simple real estate projects, they are community-building, living environments that prioritize active transport and encourage use of public transit.”

Habitations Trigone also recently announced the acquisition of the Carré du Tremblay condo project, which neighbours the future Espace Nature in Longueuil, Que.

Fonds immobilier de solidarité FTQ was also created in 1991 to invest in profitable and socially responsible real estate projects in partnership with other industry leaders. It’s a member of the Canada Green Building Council and backs residential, office, commercial, institutional and industrial projects of all sizes across Québec.

Fonds immobilier de solidarité FTQ works with its partners and managers to manage the properties in its portfolio.