MONTRÉAL, /CNW/ – GWL Realty Advisors (GWLRA) announced that it will start construction of a new 46-storey tower on the south side of its existing Le Livmore Ville-Marie residential community in downtown Montreal. Le Livmore welcomed its first residents on July 1, 2022, and currently houses approximately 600 residents in 396 units. The second tower is expected to be completed by July 2025 and will add 424 units as well as commercial space on the ground floor.
With each new residential development project, GWLRA continues to raise the standard for apartment living and Le Livmore is no exception. Located in the heart of Montreal at the intersection of Bleury Street and René-Lévesque Boulevard, the building features a stunning in-door pool, a 1930s speakeasy-inspired room, a wine cellar, a fireplace lounge, a dog run and pet spa, and a fitness centre. For residents who occasionally work from home, the building is equipped with a co-working space, which includes a mix of private offices, banquette-style work booths, and collaboration areas with open seating around large harvest tables.
“The Livmore brand of properties represent an important, yet historically underserved segment of the housing market,” said Glenn Way, President, GWL Realty Advisors. “Adding another 46-storey tower to our existing Le Livmore community fulfils our vision for this prime Montreal asset and confirms our confidence in the growing demand for high-quality, amenity-rich purpose-built rental properties in key urban markets.”
Since 2018, GWLRA has added more than 1500 residential units under the Livmore banner. Combined with close to 300 units from other multi-residential development projects in British Columbia, the company has added over 1800 multi-residential units to the market. Approximately 1100 multi-residential units are in development which includes the addition of two new Livmore communities.
“Given the incredible uptake we had with the first phase of our Le Livmore development, we believe that the additional tower will appeal to those looking for an attractive, stress-free alternative to home or condominium ownership,” explains Erica Penrose, Vice President, Multi Residential, GWL Realty Advisors. “Looking ahead, we anticipate demand for high-end rental properties to continue to grow and we’re looking at other opportunities to expand the Livmore brand into different communities, all while delivering on the promise of allowing residents to do more by living in well-managed buildings in amenity-rich, centrally located areas.”
SOURCE GWL Realty Advisors
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