Mach Unveils Plans for Massive $3.5B Mall Redev in Montreal

AI Article Summary
Groupe Mach has announced a $3.5 billion redevelopment project in East Montreal, aiming to transform two shopping centers into the Langelier mixed-use urban neighborhood. The project will comprise 7,000 residential units, a commercial zone, social housing, and an elementary school, coupled with green spaces and a linear park. A notable feature is the integration of multi-residential towers with the future Langelier metro station, made possible by a public-private partnership facilitated by Bill 61. Phase 1, set for completion in 2031, will include five residential towers and a cultural center. This initiative is part of Montreal's Master Land Use and Development Plan.