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JV Develops 1M SF in Montreal

MONTREAL-The Kimco joint venture is looking to build on 86 acres in the Montreal suburb of Boisbriand.

By Anita Howarth | Updated on July 13, 2006

(For more retail coverage, click GlobeSt.com/RETAIL.)

MONTREAL-A consortium including Kimco Realty Corp. has been set up to develop the Faubourg Boisbriand Shopping Centre project on 86 acres in the Montreal suburb of Boisbriand. The joint venture partners are Cherokee Investment Partners, Kimco, Sterling Centrecorp and North American Development Group. The project will total 1.2 million sf of leasable space as well as a new 147,000-sf Costco being developed by the retailer on adjacent land. The store will be integrated into the shopping center.

The project is being developed in phases. The first phase of approximately 565,000 sf–including the Costco unit–is currently under development with the majority of tenants projected to open for business in the fourth quarter of 2006. Tenancies currently under development include Zellers, Toys “R” Us, the Brick, Deco Decouverte, Omer de Serres and a number of restaurants and banks. Home Depot, a Metro food supermarket and Sears Home are located on lands immediately adjacent to the build site.

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