La Tour Fides by MTL Développement is set for completion in late 2023. This condo and townhouse development contains approximately 300 units and places its residents at the heart of the best of downtown Montreal.
Livabl spoke with Idan Alon, the sales director for MTL Développement about La Tour Fides location, its potential for investment buyers, the building’s amenities and the incentives being offered for potential homebuyers.
Where is your La Tour Fides located? Why did you choose this location to develop?
The site of La Tour Fides is located at 235 René-Levesque E Street, just three blocks east of St. Laurent Blvd, and minutes away from Montreal’s Chinatown, old port, and Place des Arts.
There are two main reasons why we chose this site. First, it is located at the crossroads of three key districts within the Ville-Marie borough in downtown Montreal, where The Quartier des Spectacles, Quartier des Lumières and The Old Port of Montreal converge. The Quartier des Spectacles is the cultural heart of the city, known for its theatres, museums, and art galleries. Throughout the year, the neighborhood becomes a breeding ground for festivals and concerts that animate the city. The project is also minutes away from gastronomic restaurants, trendy bars, boutiques and endless attractions. There is something for everyone.
The other reason why MTL Développement has chosen this site is because we are always looking for ways to revive Montreal all while honouring its rich historic culture. La Tour Fides is a mega transformation project of a 1964 historic building constructed to house ‘’Editions Fides’’, a Francophone publishing house. It is a heritage site with deep patrimonial roots to the city of Montreal. MTL Développement is pleased to realize the new La Tour Fides project all while keeping certain historic elements of the original building, such as the building façade and the iconic ‘Fides’ sign.
What makes this community a great place for investors?
Given the strategic location and proximity to many downtown attractions, La Tour Fides has lured many investors since our launch in 2020 and is continuing to do so today. Investors in residential units are all looking for sustained demand for their condos by tenants for many years to come. Thanks, in part, to the proximity of the CHUM hospital, one of the biggest hospitals in Quebec, and one of the largest research institutions in North America, and the large university hub which surrounds La Tour Fides, quality upscale residential rental units will always remain in high demand.
Are there any exciting amenities at La Tour Fides?
The common areas cover a wide range of individual and social activities of over 12,000 square feet including a Mediterranean-inspired spa, sauna, indoor pool and our full-size fully equipped gym with yoga studio. At La Tour Fides, health and wellness are at the forefront. The project also offers a state-of-the-art private cinema, games room, squash court and a reception room with full kitchen, lounge, and business centre. Residents will have exclusive access to a guest suite, car and bike sharing services and enjoy the service of 24-hour concierge.
What types of finishes can homebuyers expect?
La Tour Fides thrives on lifestyle and quality. Buyers at La Tour Fides don’t just seek a condo with four walls, they are looking for the added value of being a co-owner at La Tour Fides and enjoying the refined finishing touch. Buyers will meet with our design team to customize their own unit, from kitchen quartz countertops and backsplash to laminate cabinetry and large ceramic tiles in the bathrooms. We have carefully selected three colour palettes which buyers will choose from and customize to their taste. Our units offer high ceilings of up to 11 feet, and expansive aluminum thermal windows.
Are you offering any incentives for homebuyers?
Whether it’s for a seasoned investor, buyers looking for their next home, or even first-time buyers, we have exclusive incentives that will satisfy everyone’s needs. We are currently offering our exclusive guaranteed rental income program for investors or sizeable cash-back incentives for owner-occupants. We understand that every buyer has different needs and would be happy to discuss different options and possibilities on a one-to-one basis.
What types of buyers are you looking to attract?
Due to the diversified unit mix at La Tour Fides, ranging from studios and smart studios, to one-, two- and three-bedroom units, as well as our Fides Prestige collection which encompasses four penthouses and three townhouse units, our project attracts buyers of every budget for every need, from all corners of the world. When potential clients are searching for quality downtown Montreal condos, La Tour Fides never disappoints. I have personally sold several studios and one-bedroom units to investors in addition to 1,000 square foot units and larger to homeowners looking to downsize and replace their large backyard, with views of downtown skyline and Mount-Royal.