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AGENCEGEMINY - A rendering shows a linear park as part of Royalmount’s “eco development” in Montreal.
Phase one, or the retail component, represents only 10 per cent and $1 billion of buildable density. Still to come are office and residential buildings at the location, the junction of several major traffic arteries in what had been a manufacturing and warehouse district.And despite featuring some of the world’s most exclusive brands like Tiffany & Co., Versace, Louis Vuitton, Breitling and Jimmy Choo, his firm, Carbonleo, wants the complex to be a destination even if people don’t shop.
Lutfy is confident most of the public will use the metro, especially younger people who are more comfortable with transit in a city whose subway ridership is second only in North America to New York City. “Once we clear out biases and start looking at the data 87 per cent of all millionaire households live within 20 minutes of this site in all directions,” he said, and 1.2 million people live within a 15 minutes’ drive. And there are “far more” allophones in the market, a demographic that has “a greater propensity to appreciate global brands.”
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