Laval, June 6, 2022 – Groupe Sélection has reached an important milestone in its project to redevelop the Grande Place with demolition work officially starting on the abandoned shopping mall. In accordance with our January timeline, this phase 1 of the project is expected to be completed by July 22, just in time for the Construction Holiday.

No permanent traffic disruptions around the site

Streets and pedestrian zones close to the site will not be impacted by the demolition work and nearby businesses will also be able to operate as usual. All demolition work will comply with applicable municipal requirements, and noise-and dust-control measures will be put in place.

The upcoming new housing concept

The Grande Place will be replaced by a complex that primarily caters to active young retirees and offers a wide range of optional services. This new residence concept will offer a unique living environment that follows the industry’s latest trends and promote an active social life. When completed, the 6-story building will house 170 rental units.

Quotes

“Today, Rimouski is reaching a pivotal point. After many years of work, the revitalization of the downtown area can finally get underway! We are proud and excited to see the project to redevelop the Grand Place taking shape in the coming months. Demolishing the building and creating a vibrant and modern living environment fits perfectly within our vision of the downtown core of the future. The project will breathe new life into the area, which will benefit the development projects to come and the public in general.”

– Guy Caron, Mayor of Rimouski

“We are very happy that this project we started almost 10 years ago is finally reaching this important stage. We have put all our energy into achieving our vision in a way that will meet the expectations of the community that we’re proud to be part of for years to come. We are confident that our people-oriented project and our desire to build high-quality communities that are inclusive and multigenerational will help revamp downtown.”

– Patrick LeBire, General Manager, Real Estate Development, Groupe Sélection

About Groupe Sélection

Groupe Sélection is an international leader in the creation of intergenerational living environments, which leverages its real estate platform to invest in innovative solutions and avant-garde multigenerational projects that improve residents’ quality of life. Groupe Sélection’s intergenerational vision and unique vertically integrated structure are key drivers of its continued geographic expansion and the diversification of its real estate products, which target young people, families, and retirees. Groupe Sélection has managed to maintain a customer satisfaction rate of 95% year after year amidst tremendous growth, due to the commitment of nearly 5,000 dedicated employees across Quebec. Groupe Sélection, whose head office is located in Laval, now has more than 70 housing complexes in operation, under construction and in development in Canada and the United States and assets valued at more than $5 billion.  For more information please visit: www.groupeselection.com.

Information: relationsmedia@groupeselection.com