On November 1, 2024, in Laval, a vacant lot on Saint-Martin Ouest Boulevard was sold for $10 million in a transaction between Développement Immobilier Bois de Boulogne and 9523-3771 Québec Inc. The planned development is conditional on the approval of a PIIA (Site Planning and Architectural Integration Program).
The seller has committed to transferring certain adjacent lots to the City of Laval for park purposes, thus meeting the municipal requirements for the entire development project. This arrangement ensures that the development will comply with local regulations regarding green spaces and public amenities.
The sale represents a significant investment in Laval’s real estate market and indicates potential for future residential or commercial growth in the area. The involvement of the PIIA in the approval process suggests that the development will be subject to careful planning and design considerations to integrate well with the existing urban landscape.
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