Celebrity Condo: 333 Sherbrooke East.

333 Sherbrooke St., East: a luxury condominium project designed to appeal to a clientele with an eye for quality and location.

In the heart of Montreal’s trendy Plateau neighbourhood, the development consists of 83 units in Phase I, 67 units in Phase II, and 30 townhouses linked to the property. The second phase of construction at 333 Sherbrooke St. East, was officially launched on April 1st 2008 by Richard Homburg, President and Chief Executive Officer of Homburg Invest Inc., the occupancy is set for autumn 2008. The $35 million second phase increases Homburg Invest’s total commitment to its Montreal portfolio to more than $1 billion over the past three years.

“Phase I is effectively sold out, and Phase II sales have surpassed the critical level needed to ensure the success of the project. Once completed, 333 Sherbrooke St. East will be a reference for luxury condominium living in downtown Montreal.” Mr. Homburg said.

To date, the project has attracted buyers from all over Europe, the United States and Canada.

“Location, location, location. Montreal is ideally situated as a major crossroads for European and North American trade and business,” Mr. Homburg continued. “Montreal possesses all the qualities of a major real estate market, from a large, well educated population to a solid transportation infrastructure to a growing economy supported by healthy activity in several key sectors, like aerospace, life sciences and information technology”

Source: NewsWire.ca

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Condo Development Update: Le Crystal

Wondering around the web, I came across this article which gives some information on the condo prices and the available units.

“The crowning jewel of the Crystal De La Montagne is a 4530 square foot Penthouse on the 26th floor with breathtaking views of the city, the mountain and the river. It features three spacious bedrooms, including a Master bedroom with panoramic view, complemented by a library, living room, top-of-the-line kitchen, dining room with a 20 foot ceiling, 2 terraces and more. This stunning Penthouse is available for US$2,865,000 including parking and 3 lockers.

A few hotel residences and condominiums are still available at Crystal De La Montagne starting from US$440,000.“

Le Crystal De La Montagne: Pinnacle of Luxury in Montreal

Considering the location, we think the price is right. What do you think?

Condo-Hotel Le Crystal is now open

$80 million and three years later, the new and stylish Condo Hotel Le Crystal opens its doors for business. You know you’ve been waiting to hear about it.

The building itself is quite impressive to look at, and we’re not so worried about it’s popularity; considering they are also the owners of the trendy Le Saint-Sulpice in Old Montreal, (supposedly, one with the highest occupancy rates in the City) this new Hotel will be for sure a popular spot.

But forget about the 131 suites, what really got our attention was the 53 condos built in addition to the rooms.

According to the Gazette’s article, most of them have been already sold (of course).

“The Spa and some of the top floors are still under construction” - The condos, perhaps?

“…and are expected to be complete in the summer.”

If you want to pass by and pay a visit (even if from the outside), Le Crystal is located at:
1100 rue de la Montagne, corner of Blvd. René Lévesque. You can’t miss it, is the tallest building in that corner.

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From hotel to apartment building to…condos?

First it was the Château Royal Hotel, then became (after a much needed renovation) the Château Crescent Apartments, located at 1420 Crescent, right in front of Winston Churchill’s . The word out (via tipster) is that they are planning to do a condo conversion. We haven’t yet checked if the rumors are actually true, since no tenants seem to have a clue about it.

Right now the building is advertised for rent and according to the Montreal Gazette ad, the rental prices are between $785 to $1245/month- we’re not sure what’s included.

They have also a few rental ads on CraigsList:

• $895 / 1br - RENOVATED APT HEART OF DOWNTOWN MTL
• $940 Apartment on Crescent Street.

Development Spotlight: Gillette Lofts

Location: 1085, St-Alexandre, Montreal.
Size: 6 floors, 55 units.
Prices: $300 per square foot.
Architect: Karl Fischer
Developer: Mark Dichter & Noam Schnitzer
The Scoop:

Five floors feature 12- or 13-foot ceilings, and a wide open floor plan that will make is easy to create large open lofts. The units range in size from 650 feet to 1,200 feet, though some buyers have been buying and combining units. Prices work out to about $300 a square foot. The developers are adding a glass and steel penthouse, which will contain five luxurious two-storey units. Prices for those are in the $1-million range.

For more information visit: www.gillettelofts.com