English stories

Residential investment of $20 M

le jeudi 25 mars 2021
Modifié à 8 h 23 min le 25 mars 2021
Par Michel Thibault

mthibault@gravitemedia.com

Two new buildings valued at a total of $20 M are going to materialize in the Chateauguay Centre district. The City delivered the permit to build at the beginning of the New Year, Mayor Pierre-Paul Routhier revealed at the City Council meeting of March 15. “$20 M is enormous!  I congratulate Inovario for believing in Chateauguay,” he expressed, saluting the building enterprise that owns the development linked with Principale street. Of a value declared at $10 million apiece, the buildings will each house 77 lodging units. Effect on traffic Municipal councillor Eric Allard said he was preoccupied by the impact of the new dwellings on Principale street traffic. He recalled that council had ordered a study on the subject. :”Are the works going to start before the firm’s report? This report must be done before the constructions are finalized. That is the objective of having a committee which discussed it and is completing its analysis of the traffic on Principale street,” he observed. “It is certain that with a construction permit issued in January, no one is going to go and inhabit the new buildings before eight or nine months. So we should be in position, in all discretion, to receive the report before that,” the Mayor declared. He let it be known that the firm doing the study was going to account for all the elements to come, including the two supplementary buildings. (Translation Dan Rosenburg)