Royalmount Montreal celebrates its first year, showing steady progress with younger, affluent shoppers and luxury brands reshaping the city’s retail, according to a study and discussion with Carl Boutet.
The highly anticipated development will include a mix of luxury brands and other retailers, foodservice businesses, and entertainment unlike anything that Montreal has seen.
Lutfy says that he aims to make Royalmount a world-class destination with a mix of retail, foodservice and attractions that will be unlike anything in Canada.
Retail Insider's Craig Patterson talks about his recent trip to see retail in Montreal. The conversation with Lee includes a discussion on what's being seen downtown including vacancies on Ste-Catherine Street as well as the city's amazing food halls. Craig also visited the Royalmount project which is set to open next year, and toured other areas including the city's Gay Village.
Lutfy, who is behind Montreal's Royalmount project, references a partner report with BoF insights discussing what consumers are seeking from luxury retailers in Canada.
Developer Carbonleo is leading the highly anticipated development which will include a substantial roster of top brands such as Louis Vuitton, Gucci, Tiffany & Co. and RH, with many more soon to be announced, and many opening in Quebec for the first time.
Canadian cities are seeing new food halls that are creating increased footfall and drawing in consumers from a wider area. But will we become oversaturated if too many are built?
The world-class mixed-use project, which will include a shopping centre with extensive food and beverage offerings as well as hotels and office buildings, will become the city’s new ‘Midtown’ as well as a model for future ‘lifestyle destination’ centres.