Mondev celebrates its first joint development project – Îlot Voyageur Sud –in partnership with non-profit UTILE, accepted by City of Montréal

Landmark project includes more than 1,000 residential units, with at least half dedicated to social-affordable housing

MONTRÉAL, January 29, 2025 – Mondev celebrates the announcement made on Monday by the City of Montreal approving the company’s proposal for development of a unique project at the intersection of rue Berri and Boulevard de Maisonneuve in Montréal. Submitted in partnership with UTILE, a non-profit housing provider, the project is one of Mondev’s most ambitious to date. Once completed, it will provide more than 1,000 new housing units, fifty percent of which will be social and affordable housing.

“We are delighted by the city’s response to our proposal and the opportunity to co-lead this project with such an inspiring group of talented and passionate individuals and organizations,” said Jordan Owen, Director and Partner at Mondev. “We thank the City of Montréal for its vision for this site. The project will be rewarding for its unique composition, but mostly because it will benefit the communities from which the neighbourhood draws its life and vibrancy. We could not be happier to partner with Utile and collaborate with the City of Montréal to make this a reality.”

This is the first time that Mondev strikes a partnership for a project. By working alongside a non-profit partner like UTILE, Mondev is helping set a new precedent in Montréal’s real estate industry, demonstrating how private and non-profit sectors can join forces to create developments that respond to the housing crisis and both the needs of neighbouring communities and the bold vision of city planners. The project is the first of its kind in terms of a development project that combines market and social/affordable housing at this magnitude. The partners won the bid due to the contribution of social and affordable housing, the confidence City leaders have in the partners, and the stunning planned architecture.

‘We are excited to have the opportunity to develop this site with our partner Mondev,” says Laurent Levesque, President and CEO of UTILE. “The project we are proposing will contribute to the revival of the Latin Quarter, as well as meeting a wide range of housing needs in the area. Through our partnership, we have exceeded the objectives of the initial call for projects by developing 50% non-profit housing on the site. The Latin Quartier was the birthplace of UTILE, and our commitment to developing student housing there is stronger than ever.”

The project will feature a mix of 500 market-rate units and 530 affordable housing units (100 social, 430 affordable), ensuring a diverse and inclusive living environment. This collaboration represents a shift in how major urban developments can be structured in the future. By bridging private investment with non-profit housing expertise, Mondev is helping to create a model that could redefine city-building across Canada.

Mondev’s commitment to enhancing Montreal’s urban landscape is at the core of this project. With decades of experience and a track record of successful real estate developments, the company continues to shape the city with innovative, high-quality, and community-driven projects.

“This is a complex project to be sure, but we are confident that with the experience of our respective organizations, we will rise to the occasion and take advantage of this wonderful opportunity to do something that has a positive impact for generations to come,” concluded Owen.

Real estate developer Mondev and non-profit UTILE partner on joint venture to redevelop Montreal’s unique Îlot Voyageur Sud. The landmark project will feature more than 1,000 residential units, with at least half dedicated to social-affordable housing.

About Mondev

As one of Montreal’s leading real estate developers, Mondev is dedicated to shaping Montreal’s urban landscape with high-quality residential and commercial properties. With a portfolio of over 4,200 condominiums and commercial developments, Mondev is known for its commitment to craftsmanship, modern luxury, and the distinctive character of Montreal. Led by partners David Owen, Michael Owen, Mark Owen and Jordan Owen, Mondev brings together decades of experience in real estate development, investment and project management. The team’s expertise spans land acquisition, zoning, design, construction, marketing and customer service—ensuring seamless execution and excellence in every project.