Montreal, September 17, 2019 – Selection Group and the Fonds immobilier de solidarité FTQ is proud to open Fridöm,a residential rental project, which is located in the District Union development in Terrebonne. This $54 million luxury real estate project targets customers aged 55 and over. Unit deliveries have been taking place gradually since this spring.

Fridöm in brief:  

• Luxury project with high quality finishes that meet the needs of an active clientele aged 55 and over
• An 18 story building with 172 boutique apartments and 3,342 square feet of shopping and commercial spaces
• Several types of units available ranging from 471 sq2to 1,239 sq2
• 173-space indoor parking area coupled with 8 outdoor parking spaces
• Common areas include an indoor pool, fitness center, sports bar, medical office, lounges and a game room, which includes cooking workshops

The District Union project:

• District Union is a housing concept that meets the needs of modern families while servicing several generations of customers on one site
• The development of the district is carried out in several phases and will be spread out over fifteen years
• Commercial rental areas will be provided in each phase

The location: 

• Located on Montée de Pioneers in Terrebonne in the Lachenaie sector, between Lucille-Teasdale Boulevard and Highway 640
• A Transit Oriented Development (TOD) with close proximity to the Terrebonne station
• Quick access to Montreal and Laval via highways 40 and 640
• Near numerous public facilities including a primary school, gymnasium, multifunctional area, neighborhood police station and an aquatic center
• Numerous shops within walking distance including a grocery store, pharmacy, restaurants, cinema and department stores. Hôpital Pierre Le Gardeur is just a a two minute walk away
• Active site includes large green spaces, sidewalks and generous urban development areas that are ideal for major events

Quotes

“Selection Group’s goal is to create living environments that enable families and all generations to come together and thrive. The Fridömproject is part of Groupe Sélection’s real estate product diversification strategy. Its another pillar that will enable the company to continue its exceptional growth in recent years and strengthen its role as a key economic development player in the communities where we are established. Fridöm is a complex that targets a wider clientele of young retirees and pre-retirees. It is also the first stage in a comprehensive community development plan for District Union, a community that will reinvent neighborhood living in a vibrant area. We are very proud to usher in this milestone of our intergenerational vision.”

-Réal Bouclin, Founding President and Chief Executive Officer, Selection Group

“We are pleased to inaugurate Fridöm, which marks the beginning of our business relationship with Selection Group, a partnerhip that also extends into other sectors. As part of a larger overall initiative, this project enables us to consolidate our presence on Montréal’s north shore, which is experiencing strong population growth.”

-Carole Handfield, Vice-President, Investments, Fonds immobilier de solidarité FTQ

“District Union symboloizes Terrebonne’s  emegence as an economic development hub. District Union is a major project and a key driver of the City’s growth, both in terms of job creation and for its new residents who recognize Terrebonne’s strengths in ensuring their quality of life. We are delighted to have a project in which people can live from childhood through to retirement, located near a key tansit station and services, and I look forward to seeing the project grow during coming years.”

-Marc-André Plante, Mayor of Terrebonne

About Selection Group

Selection Group is a prominent real estate group in Canada. It has experienced unprecedented growth, in the last 30 years, and has become widely recognized as a market leader in the retirement complex industry, by building lasting intergenerational living environments where all generations can come together and thrive. Selection Group continues to innovate, with its avant-garde approach to intergenerational living and its unique, vertically-integrated structure. These assets are the key pillars that facilitate the company’s geographic and product diversification, which are tailored for youth, families and retirees. Today, Selection Group boasts more than 50 housing complexes in operation, construction and development, in Canada and the United States, and the value of its assets surpasses $ 4 billion dollars. Selection Group, whose head office is located in Laval, Quebec, employs more than 5000 people that work continuously for the well-being of over 15 000 clients, that continue to show an outstanding overall satisfaction rate of 95 %, year after year.

About Fonds immobilier de solidarité FTQ

The Fonds immobilier de solidarité FTQ promotes economic growth and employment in Québec by strategically investing in profitable and socially responsible real estate projects in partnership with other industry leaders. It backs residential, office, commercial, institutional and industrial projects of all sizes across Québec. As at May 31, 2019, the Fonds immobilier had 61 projects in development or in construction, 68 properties under management, 1.5 million square feet of land for development and $88 million allocated to affordable, social and community housing.

For information please contact:              

Josée Lagacé, Director, Communication and Marketing
Fonds de solidarité FTQ
Tel: 514-847-5710 / Cell : 514-707-5180
jlagace@fondsimmobilierftq.com

Mylène Dupéré, Vice-President, Public Affairs and Corporate Communications
Selection Group
Tel : 450-902-2000 ext. 2405 / Cell : 514-833-7880 mdupere@groupeselection.com