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5 million dollar real estate project on the Côte de la Fabrique

5 million dollar real estate project on the Côte de la Fabrique

A Quebec property developer is committed to preserving the heritage character of the building he acquired on the Côte de la Fabrique, even as he transforms the building into twelve luxury condominiums with a rooftop terrace.

The Murray Group claims it was crushed when in October 2020 it acquired the adjacent Maison Simons building, located at the 26th and 28th, côte de la Fabrique, in Quebec.

The heritage building, built in 1867, was purchased by Maison Simons in 2016. This investment was part of an expansion plan. As the context no longer suited him, the company sold this building two years ago and it was acquired by the Murray Group.

The developer has started a $5 million revitalization project. The work includes the construction of 12 luxury housing units and the addition of two floors to the rear of the building.

“We had no compromises. Everything was in order. We remained committed to getting the permit more quickly,” said Maud Murray, Group General Manager.

The effect of covid

Units will be offered for long-term rental. The ground floor will retain its commercial vocation as an art gallery will be set up in the building by the end of summer. For the units, Lofts de la Fabrique, they will be ready by the end of the year.

“It’s an old building. There are always emergencies. We’re a little late. With COVID, it also doesn’t help with the delivery of materials,” Ms. Murray said.

The units, which will be approximately 500 square feet in size, will have a modern appearance, according to the general manager, in terms of design and finish, as they will be composed of noble materials. Architecture firm Agence Spatiale was chosen to design the spaces. Construction was entrusted to L2 Construction.

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Old Quebec

The Murray Collection is located exclusively in Old Quebec. Most of its 200 rental units are located in Upper Town and Lower Town.

“Heritage buildings are really our specialty,” says Ms. Murray.

The family business, which has been active in the area for twenty years, focuses on acquisitions near tourist attractions. According to the promoter, Lofts de la Fabrique benefits from an exceptional location, in the heart of Old Quebec.

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