Montreal's $1.7 Billion Mega Mall Plan Includes 50 Restaurants

Carbonleo, the developer behind South Shore's Quartier Dix30, held a press conference today to divulge plans for a controversial $1.7 billion mixed-use commercial project in TMR. The Royalmount development—not Quinze40 as previously reported—will cover 2.5 million square feet of land, include 1.6 million square feet of retail space, 900,000 square feet for restaurants and theatres, 1.5 million square feet of office space, two hotels and 8,000 parking spots. Specific components include a cineplex, theatres, a waterpark, approximately 50 restaurants, and a green roof.

TMR Mayor Philippe Roy has been a staunch supporter of the mega mall, with vocal opposition from Projet Montréal. A councillor for the municipal political party speculated in February that the development's scale was worrisome and a latent house of cards. Carbonleo was careful to market the project today as a job creator and econonic catalyst for both TMR and Montreal but did not specify how the $1.7 billion development will be financed. Andrew Lutfy, chairman of Carbonleo and owner of the Royalmount land, told reporters that the TMR project will adopt "the best of the best of Dix30, part indoor, part outdoor." The executive also called the restaurant mix at the Brossard mega mall "the best." Construction on Royalmount is scheduled to start in 2017 with a 2021 delivery date.