Landmark Redevelopment Site
1420, Mont-Royal Boulevard
Located in the highly sought-after Outremont borough, this property is a former convent of the Soeurs Jésus-Marie and is considered a large institutional property of exceptional value, adjacent to the historic and natural district of Mount Royal. The Garant Team successfully represented the Université de Montréal in the sale of this unique property. Although the transaction was subject to a high number of public interventions from the Montreal community, it ultimately succeeded and awaits a zoning change.
This property features an impressive heritage building and a total land area of 426,541 square feet. The Garant Team successfully navigated a tight transaction timeline and sought guidance from the MCC in advance to optimize results, specifically regarding residential land use.
Situated in the heart of Montreal’s Outremont borough, 1420 Mont-Royal Boulevard is an iconic heritage building that enjoys a prime location. Just steps away from the Édouard-Montpetit metro station and the prestigious University of Montreal, this property offers unparalleled convenience and accessibility.
This complex transaction involving the MCC (Ministre de la Culture, Communications et Condition Féminine), Bureau du Mont-Royal, Les Amis de la Montagne, and Héritage Montréal, as well as the Outremont borough and the City of Montreal, poses a high risk of delays for potential buyers due to its intricate nature. The property’s high heritage value and zoning changes make it a unique and sought-after investment opportunity, but buyers should be aware of the potential challenges in navigating this intricate process.