Royalmount, a $7 billion mixed-use development currently in progress in Montreal, is poised to become a prominent hub for shopping, dining, and entertainment in eastern Canada. The project has revealed an impressive array of luxury retailers that will grace its high street.
Among the notable additions, Royalmount will host esteemed brands like Louis Vuitton, Gucci, Tiffany & Co., Saint Laurent, Versace, Jimmy Choo, David Yurman, TAG Heuer, Michael Kors, and RH. Notably, Saint Laurent and Versace will be making their inaugural foray into the Montreal market with standalone stores at Royalmount.
David Yurman’s forthcoming flagship store will be its largest outlet in Canada and its inaugural venture into Quebec. Additionally, TAG Heuer’s store design will pay tribute to the city’s rich racing history.
Andrew Lufty, CEO of Carbonleo, the developer behind the project, remarked, “Years of thought and planning have gone into bringing the right brands to Montreal. These arrivals represent an exciting future for Royalmount and will help bring our shared vision and values to life.”
Royalmount’s initial phase, scheduled to open in the summer of 2024, will encompass a two-level, 824,000-square-foot complex featuring over 170 stores and 60 restaurants surrounding a central park. Half of its tenants will be entirely new to the Quebec market.
According to Carbonleo, Royalmount will be the first 100% carbon-neutral mixed-use development in the Americas and the largest LEED Gold retail project in Canada. The developer emphasizes a “progressive, human-centric, and vibrant approach” to its projects.
The property will utilize an energy loop powered by hydroelectricity, with the aim of reducing common energy consumption by 25%. It will also boast 20% more green spaces compared to the average surrounding area, along with 450,000 carbon-dioxide-absorbing trees, shrubs, and plants.
Carbonleo asserts that Royalmount will prioritize “sustainable retail, connectivity, and inclusive luxury, where every shopper can find something to enjoy.”
The project is financially backed by L Catterton, which asserts itself as the largest consumer-focused private equity firm with approximately $33 billion of equity capital.
The name Royalmount is derived directly from its location; “Montreal” translates to “Mount Royal” in French.
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