The move is part of CF’s $4.7bn residential programme. Credit: Steven Ungermann via Unsplash.

Canadian real estate company Cadillac Fairview (CF) has announced its plans to build 510 rental housing units at 750 Peel Street in Montreal, Canada.

The project is part of the company’s overarching Quad Windsor district redevelopment, which includes the Gare Windsor development and Tour Deloitte/Tour des Canadiens condominiums.

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This development is the second project of CF’s $4.7bn residential programme, which was launched in November last year to develop 7,000 rental apartments in 20 buildings throughout Canada.

First-phase construction of the programme is underway, with the development of 288 units in CF Rideau Centre in Ottawa.

The project includes 207 underground parking slots, a European-style courtyard, large wellness facilities, coworking and meeting areas, as well as significant landscaping and public realm upgrades.

The 750 Peel location is said to be Montreal’s only residential rental block, having direct access to the city’s underground network.

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CF Development executive vice-president Wayne Barwise said: “The project at 750 Peel and our residential rental programme in general is absolutely aligned with our corporate purpose of transforming communities for a vibrant tomorrow.

“We are ready to do this – to work with municipalities and all levels of government when the conditions are ripe to meet the housing needs of a growing population.”

750 Peel, which is entirely owned by CF, is scheduled for occupancy availability in 2026.