Main $300 million industrial growth earmarked for Kirkland

September 22, 2022

2

Development will quickly start on a significant new industrial growth on the busy nook of Freeway 40 and St. Charles Blvd. in Kirkland.

Kirkland officers and Rosefellow, a Montreal-based actual property developer, just lately introduced the development of three power environment friendly LEED-certified buildings as a part of an enormous $300 million industrial undertaking.

“This main industrial undertaking, which favourably positions the municipality in western Montreal’s financial growth panorama, can be positioned on a prized 1.3 million square-foot lot within the northwest sector,” the town said.

Rosefellow acquired the huge 1.3 million square-foot property from the town for $67 million.

Development will start within the spring of 2023.

Mike Jager, Rosefellow’s co-founder and co-owner, mentioned the acquisition of the city-owned lot was key to the undertaking, which he envisions will change into a key industrial hub within the West Island.

“We are going to use 100 years of mixed expertise to construct an distinctive undertaking that can make Kirkland shine on a nationwide scale,” Jager mentioned. “This high-end industrial growth will appeal to a few of Canada’s most famed tenants. “

He mentioned the strategic location of the commercial undertaking can be aided by the arrival of the REM light-rail undertaking, which is constructing a station in Kirkland, simply west of the Rosefellow undertaking.

Additionally, Rosefellow will “set up a wall not removed from the residential space positioned close to the brand new industrial campus as a way to protect neighbouring residents’ security, sight strains, and tranquility. The wall’s exact location stays to be confirmed.”

Kirkland officers mentioned the brand new amenities, together with a brand new retention basin and stormwater community just lately constructed within the space, “align completely with the City of Kirkland’s industrial and sustainable growth plan.”

“The event of this prized property in a high quality city setting is a part of the municipality’s strategic imaginative and prescient of consolidating a cutting-edge industrial and industrial sector, on either side of the Freeway 40,” mentioned Kirkland Mayor Michel Gibson. “This prestigious industrial undertaking, endowed with high-quality architectural and panorama harmonization, will shine all through the area and throughout the province.”