Montreal City Council Approves $2.2B Place Versailles Redev Project
Le Conseil municipal de Montréal approuve le projet de réaménagement de 2,2 milliards $ de Place Versailles
Connect CRE

AI Article Summary
The Montreal City Council has approved a $2.2 billion redevelopment project for Place Versailles, a six-decade-old shopping center in the Mercier-Hochelaga-Maisonneuve borough. The redevelopment will transform the site into a vibrant mixed-use neighborhood, including over 5,000 housing units, commercial spaces, parks, and a hotel. Despite some concerns about unaddressed recommendations from the city's public consultation office, the project is expected to yield long-term benefits. Adjustments to building heights and tower placements have been made to address community feedback.