Value of building permits up 53%; construction projects total $398 M in 2019
At the general Council meeting held on January 7, Saint-Laurent Mayor Alan DeSousa presented a record-breaking report on the value of building permits issued for the territory in 2019.
All categories combined, the projects approved during the past year represent more than $398 million, up $138 million or 53% compared to 2018. In addition, the majority of major construction projects will aim for LEED certification.
Strong growth in both residential and industrial construction
The Mayor of Saint-Laurent is all the more pleased as the increase reflects the success of the planning efforts that the Saint-Laurent Administration is devoting to the two strategic and complementary sectors of residential and industrial development. "Within our vision of sustainable development, we want to stimulate the economy, on the one hand, in order to create jobs and, on the other hand, to bring workers closer to these new jobs in order to limit the distances travelled and the resulting inconveniences," he explained. "And so since some of this booming growth is due to the arrival of the REM at the Bois-Franc station and in the industrial park, our Administration must ensure the harmonious and viable development of these much sought-after sectors."
Residential sector: Nearly 500 housing units around Bois-Franc station
With an increase of $76.7 million, or more than 63%, for a total of $197.6 million, the residential sector continued its strong growth that began several years ago.
Among the major residential projects, three projects in the TOD (Transit-Oriented Development) sector around Bois-Franc station will add 487 new housing units, plus a few commercial spaces, for a value of $88 million. The projects, which are being carried out by Montclair, Sotramont and Vertex, will all aim for LEED certification. Also noteworthy is Phase 1 of a project carried out by Jadco Corporation at the corner of Boulevard Cavendish and Boulevard Thimens, which will consist of 185 housing units worth $37 million. Other major projects include the Congrégation des Sœurs de Sainte-Croix's 170-room assisted living facilities for seniors on Boulevard de la Côte-Vertu, valued at $27.5 million. And lastly, a $3.8-million project will enhance the Décarie commercial artery with the construction of a mixed-use building including 18 housing units above a commercial ground floor at 855 boulevard Décarie.
Industrial sector: Investments up more than 106%
In the industrial sector, an increase of more than 106% was recorded: the value of permits reached $122.6 million, up approximately $63 million over the previous year.
Highlights include two major expansion projects at Technoparc Montréal's Saint-Laurent campus. Carried out by the NÉOMED Institute and Vantage Data Centers Canada, these LEED-certified projects will represent investments of more than $40 million.
"In addition, the major industrial requalification project at the former Sears site will continue with work totalling more than $24.4 million. Interestingly, part of the roof will be used to house Lufa Farms, the world's largest urban farm. This is excellent news for this building overlooking Saint-Laurent's future biodiversity corridor," added Mayor DeSousa.
Institutional sector: Another school expands
In the wake of the strong demographic growth noted in Saint-Laurent for more than a decade, a new school (Cardinal-Léger) has begun an expansion project, with construction valued at $15.6 million. In addition, in connection with family services, Aréna Raymond-Bourque is currently undergoing renovations worth an estimated $23 million.
"These excellent results confirm what my colleagues on Council and I as well as all Saint-Laurent residents already know: Our community has the wind in its sails! With its ambitious and innovative orientations, it is proving to be as prosperous as it is welcoming and attractive, as much for new families as for large employers. Through our strategic planning, we intend to do everything possible to pursue this growth," concluded the Mayor.