On March 30, 2021, Brivia Group, a large real estate promoter with a growing number of large-scale projects in Montreal, Quebec City and Toronto, announced the signing of a strategic partnership with Ipso Facto Real Estate Fund to develop the first phase of the 1 Square Phillips residential project, the tallest residential tower composed of luxury condominiums and rental units in downtown Montreal.
Construction of the first phase of 1 Square Phillips is valued at $560 million and began in July 2020. Construction of this project is being carried out in tandem with the revitalization of Square Phillips recently announced by the City of Montreal, which aims to turn the area into a sought-after public space.
A Fasken team composed of Peter Villani, Ponora Ang and Richard Clare advised Brivia Group in connection with this partnership.
Jurisdiction
- Québec
