Carbonleo Announces L Catterton Partnership for Massive Montreal Royalmount Development [Renderings]

Date:

Share post:

The Royalmount mega-project in Montreal is bringing on a new investor to help launch what is being positioned as a new ‘Midtown’ for Montreal. Developer Carbonleo, based in Montreal, has announced that it is partnering with the L Catterton group to develop Royalmount — L Catterton is a private equity firm linked with French luxury conglomerate LVMH (Louis Vuitton Moët Hennessy) and Groupe Arnault.

The mixed-use Royalmount lifestyle centre will become a model for future shopping centre developments globally. Gone are the days of a fashion mall amid a sea of parking — Royalmount will become a community and entertainment hub that will include a whopping 3.6 million square feet of space in a multi-billion dollar development which will include more than 200 retail stores as well as more than 100 food and beverage destinations, five hotels and four office towers.

“Royalmount will be a feast for the senses – a super-stage for self-expression and connection and a place of uncommon quality,” said Andrew Lutfy, Chairman of Carbonleo and Founder of Royalmount. “We are proud to welcome LCRE to Montreal and to share in our vision of making it a global real estate destination. We are confident that LCRE is the ideal partner for a project of this scale and imagination.”

Royalmount is L Catterton’s third North American development project, following its investment in Miami’s luxury retail complex, Miami Design District and most recently, a significant investment in The Amazing Brentwood centre in suburban Vancouver. L Catterton is also involved in a number of luxury projects in Asia, including the recent unveiling of the magnificent Ginza SIX luxury retail complex in central Tokyo. L Catterton is noted as being the world’s largest consumer-focused private equity fund, with more than US $15 billion in capital. 

The Montreal project is being built in a former industrial district and will create 35,000 jobs during its construction, and 15,000 jobs in operation.

The project is being designed by Benoy, which has been involved in some significant international projects

L Catterton’s projects are known for their architectural and design excellence, high profile public art and premium merchants. Royalmount is expected to become a retail ‘luxury node’ for the city, alongside the expanded/merged Holt Renfrew Ogilvy on Ste-Catherine Street West in the downtown core, where Carbonleo is also developing the soon-to-open luxury Four Seasons Hotel and Private Residences.

“We are honored to partner with Carbonleo on such an extraordinary project and thank Andrew Lutfy and his team for their trust,” said Mathieu Le Bozec, Managing Partner of L Catterton Real Estate. “With its scale and underlying vision, Royalmount will be one of the most innovative real estate projects in the world, offering an unrivalled consumer experience that we hope all Montreal residents and visitors will enjoy.”

Royalmount is seeking to become a significant destination for locals and tourists. It will feature exciting entertainment venues the likes that have never been seen in the city. The centre’s retail will be “re-imagined through supreme storytelling, world-class fashion and luxury rows, international flagships, independent boutiques, and family-oriented shopping from the next generation of global retailers along side Montreal’s most exciting local champions,” according to the developers.

As well, more than 100 culinary venues will draw from the region — there will be a range of offerings from popular chain restaurants to trendsetters to luxury players. There will also be five hotels, four office towers, a wellness village, and a sustainable and efficient transportation hub that will be anchored by a privately funded fully enclosed pedestrian and bike friendly bridge, which will connect visitors from the metro to the development.

Consumers are seeking out experiences like never before, and at a time when online shopping is growing rapidly, landlords are looking to make their properties more engaging. The ‘lifestyle centre’ concept, which creates something of a community centre, is a model being adopted by many leading developers, including Carbonleo. The landlord is also one of the developers of suburban Montreal’s massive Quartier DIX30 project, which includes a mix of retail and other amenities in an outdoor configuration. As land prices rise, site intensification will see more shopping centres adding ‘lifestyle’ components and even on-site housing to further unlock the value of real estate, as well as to create foot traffic for centres. 

LEAVE A REPLY

Please enter your comment!
Please enter your name here

More From Retail Insider

Canada’s Competition Bureau Launches Investigation into Loblaws and Sobeys [Op-Ed]

Sylvain Charlebois says that grocers must recognize that today's market is different, with consumers being less tolerant of practices limiting access to affordable food.

Anatomy of a Leader: Sarah Segal, CEO of DAVIDsTEA

Segal discusses her career and how she got to to where she is today, as well as a family history that includes founding a toy store in Montreal and big banners such as Le Chateau.

Apple Launches Tap to Pay on iPhone in Canada, Revolutionizing Contactless Payments for Businesses

Apple says it will allow businesses to seamlessly and securely accept payments using an iPhone and app, adding competition to the crowded payments space.

Half a Billion Dollar Downtown Ottawa Revitalization Announced to Bring Vibrancy to the Core [Feature/Interviews]

The Ottawa Board of Trade and the Canadian Urban Institute launched the initiative that will create new retail opportunities with the addition of 40,000 new residents and 50,000 jobs over 10 years, creating a more vibrant core that will be a destination.

Bayview Village to Overhaul Property with Marble Flooring and Luxe Interior, New Retailers and Restaurants Being Added [Exclusive Renderings/Interviews]

The Toronto shopping centre at Bayview and Sheppard is being transformed into something unrecognizable, creating a 'European-style' centre unlike competitors in the region.

Food Prices Dropping in Canada, Mainstream Media Fails to Report [Op-Ed]

Sylvain Charlebois says that food prices are declining according to StatCan data, but that media and the public have been focusing elsewhere.

Innovative App ‘Too Good To Go’ Rescues 4.2 Million Meals in Canada Since 2022, Plans for Expansion [Interview]

The innovative platform is looking to expand by adding more retailers, after launching two years ago by offering consumers excess end-of-day edible goods from a wide range of businesses.

New Hockey Legends Training Facility in Markham ON Elevates Player Skills with Cutting-Edge Technology [Interview]

The unique indoor training concept allows players to practice including improving shooting and stickhandling skills.

Arc’teryx Opens First ‘Alpha’ Store Concept on Bloor Street in Toronto [Photos]

The largest Arc'teryx store also focuses heavily on product care, and is located on the Mink Mile in the Holt Renfrew Centre.

Waterworks Food Hall to Open in Downtown Toronto Next Month, Showcasing 20 Gourmet Vendors in Historic Location [Interview/Photos]

The highly anticipated food hall on Richmond Street will span 55,000 square feet and will add more food and beverage competition in the downtown core with a range of hand-picked specialty vendors.

Bluenotes Launches ‘Unplug’ Activewear Shop-in-Shops in Stores Across Canada [Interview/Photos]

It's the first activewear line for the Canadian retailer, with dedicated shop-in-stores being part of a segment that is growing rapidly.

A Grocer Code of Conduct Could have Prevented Canada’s Bread Cartel [Op-Ed]

Sylvain Charlebois says that the grocer code aims to curb illegal activities that would make it tougher to orchestrate such schemes.

From Barbie to Thomas the Tank Engine: How Toy and Entertainment Brands are Adapting to Generation Alpha [Op-Ed]

A new more 'woke' generation means that toys and entertainment deemed acceptable in the past are no longer desirable to a new set of consumers.

Anatomy of a Leader: Dave Minnett, CEO of Edo Japan

Minnett discusses how his education and early years at Molson led him into different business avenues before landing at Edo in 2016, where he's implementing change.

Downtown Banff Welcomes New Mountain Warehouse Store Amidst National Expansion [Photos]

The UK-based outdoor retailer operates 43 stores in Canada, making it the second-largest market outside of the UK. The Banff Mountain Warehouse is next to a former Hudson's Bay that will see Arc'teryx open there next year.

Mandated $20/hour Living Wage Could Drive 600,000 Canadian Small Businesses to Closure, Warns CFIB Report [Interview]

CFIB policy analyst says that governments are setting these wages with no anchor in economic reality, while impacting thousands of small businesses already struggling.

Stokes Inc. Invests in Store Renovations and New Gift Line to Reinforce Market Presence [Interview]

The Canadian retailer of kitchenware, tableware, and homeware is upgrading its operations after a pandemic restructuring, including enhancing the online and in-store experience while launching new products.

How Big Food Companies Can Do More to Create Healthier Food Environments [Op-Ed]

A team of researchers wanted to understand the commitments companies have made to create healthier food environments in Canada, and to see if things had improved since an earlier 2018 study.

Canadian Custom Clothing Brand ‘Surmesur’ Expanding with New Locations, and Partnership with NHL Coaches’ Association [Interview]

The Quebec-based custom suit and clothing brand has grown significantly since the pandemic, with new and relocated showrooms and successful partnerships including making suits for NHL coaches.

Toronto’s Waterfront BIA Releases Comprehensive Report to Boost District’s Vibrancy and Retail Experience [Feature]

The report contains an overview of the planning context and best practices relevant to the area, a built-form review of existing commercial spaces, research summarizing the current retail conditions, and the results of surveys conducted with waterfront business owners, residents, and visitors.

RECENT RETAIL INSIDER VIDEOS

Advertisment

Subscribe to the Newsletter

Subscribe

* indicates required

RECENT articles

Canada’s Competition Bureau Launches Investigation into Loblaws and Sobeys [Op-Ed]

Sylvain Charlebois says that grocers must recognize that today's market is different, with consumers being less tolerant of practices limiting access to affordable food.

Anatomy of a Leader: Sarah Segal, CEO of DAVIDsTEA

Segal discusses her career and how she got to to where she is today, as well as a family history that includes founding a toy store in Montreal and big banners such as Le Chateau.

Apple Launches Tap to Pay on iPhone in Canada, Revolutionizing Contactless Payments for Businesses

Apple says it will allow businesses to seamlessly and securely accept payments using an iPhone and app, adding competition to the crowded payments space.

Half a Billion Dollar Downtown Ottawa Revitalization Announced to Bring Vibrancy to the Core [Feature/Interviews]

The Ottawa Board of Trade and the Canadian Urban Institute launched the initiative that will create new retail opportunities with the addition of 40,000 new residents and 50,000 jobs over 10 years, creating a more vibrant core that will be a destination.

Bayview Village to Overhaul Property with Marble Flooring and Luxe Interior, New Retailers and Restaurants Being Added [Exclusive Renderings/Interviews]

The Toronto shopping centre at Bayview and Sheppard is being transformed into something unrecognizable, creating a 'European-style' centre unlike competitors in the region.

Food Prices Dropping in Canada, Mainstream Media Fails to Report [Op-Ed]

Sylvain Charlebois says that food prices are declining according to StatCan data, but that media and the public have been focusing elsewhere.

Innovative App ‘Too Good To Go’ Rescues 4.2 Million Meals in Canada Since 2022, Plans for Expansion [Interview]

The innovative platform is looking to expand by adding more retailers, after launching two years ago by offering consumers excess end-of-day edible goods from a wide range of businesses.

New Hockey Legends Training Facility in Markham ON Elevates Player Skills with Cutting-Edge Technology [Interview]

The unique indoor training concept allows players to practice including improving shooting and stickhandling skills.

Arc’teryx Opens First ‘Alpha’ Store Concept on Bloor Street in Toronto [Photos]

The largest Arc'teryx store also focuses heavily on product care, and is located on the Mink Mile in the Holt Renfrew Centre.

Waterworks Food Hall to Open in Downtown Toronto Next Month, Showcasing 20 Gourmet Vendors in Historic Location [Interview/Photos]

The highly anticipated food hall on Richmond Street will span 55,000 square feet and will add more food and beverage competition in the downtown core with a range of hand-picked specialty vendors.

Bluenotes Launches ‘Unplug’ Activewear Shop-in-Shops in Stores Across Canada [Interview/Photos]

It's the first activewear line for the Canadian retailer, with dedicated shop-in-stores being part of a segment that is growing rapidly.

A Grocer Code of Conduct Could have Prevented Canada’s Bread Cartel [Op-Ed]

Sylvain Charlebois says that the grocer code aims to curb illegal activities that would make it tougher to orchestrate such schemes.

From Barbie to Thomas the Tank Engine: How Toy and Entertainment Brands are Adapting to Generation Alpha [Op-Ed]

A new more 'woke' generation means that toys and entertainment deemed acceptable in the past are no longer desirable to a new set of consumers.

Anatomy of a Leader: Dave Minnett, CEO of Edo Japan

Minnett discusses how his education and early years at Molson led him into different business avenues before landing at Edo in 2016, where he's implementing change.

Downtown Banff Welcomes New Mountain Warehouse Store Amidst National Expansion [Photos]

The UK-based outdoor retailer operates 43 stores in Canada, making it the second-largest market outside of the UK. The Banff Mountain Warehouse is next to a former Hudson's Bay that will see Arc'teryx open there next year.

Mandated $20/hour Living Wage Could Drive 600,000 Canadian Small Businesses to Closure, Warns CFIB Report [Interview]

CFIB policy analyst says that governments are setting these wages with no anchor in economic reality, while impacting thousands of small businesses already struggling.

Stokes Inc. Invests in Store Renovations and New Gift Line to Reinforce Market Presence [Interview]

The Canadian retailer of kitchenware, tableware, and homeware is upgrading its operations after a pandemic restructuring, including enhancing the online and in-store experience while launching new products.

How Big Food Companies Can Do More to Create Healthier Food Environments [Op-Ed]

A team of researchers wanted to understand the commitments companies have made to create healthier food environments in Canada, and to see if things had improved since an earlier 2018 study.

Canadian Custom Clothing Brand ‘Surmesur’ Expanding with New Locations, and Partnership with NHL Coaches’ Association [Interview]

The Quebec-based custom suit and clothing brand has grown significantly since the pandemic, with new and relocated showrooms and successful partnerships including making suits for NHL coaches.

Toronto’s Waterfront BIA Releases Comprehensive Report to Boost District’s Vibrancy and Retail Experience [Feature]

The report contains an overview of the planning context and best practices relevant to the area, a built-form review of existing commercial spaces, research summarizing the current retail conditions, and the results of surveys conducted with waterfront business owners, residents, and visitors.