Capital Square Acquires Multi-Family Development Site in Anjou

Capital Square has purchased a 200,000-square-foot multi-family development site in Montreal's Anjou borough from First Capital REIT for about $33 million. The development is planned to be a transit-oriented, large-scale residential project, following principles of the 15-minute city to integrate residential and mobility infrastructure. This acquisition emphasizes Capital Square's commitment to sustainable and community-focused projects, in partnership with Randev Holdings. The development aims to enhance walkability, support ecological transition, and promote inclusivity aligned with Anjou's sustainable urban planning goals.