- What Groupe Corev is selling a 1-acre parcel in Lévis, Qué.
- Why Permits are in place for a $161.5m residential development
- What next The project valuation works out to $336,000/unit
Groupe Corev is shopping a shovel-ready parcel on the south shore of Québec City where a roughly $160m project is already permitted, Green Street News can reveal.
The 1-acre site has pricing guidance of $11.8m. It is on Marie-Victorin Road in Lévis, adjacent to the Pont Pierre-Laporte, Highway 132’s main crossing between Lévis and Québec City.
Zoning and entitlements are in place for a 472,000 sq ft multifamily project with 480 units and 387 parking stalls. The project is expected to cost $161.5m, or about $336,000/unit.
Colliers has the marketing assignment for Corev, a Montréal-based developer active in residential and mixed-use projects across greater Québec City. The firm has assembled a portfolio of sites catering to large-scale multifamily and urban redevelopment, with recent activity focused on transit-accessible corridors and growing suburban nodes.
The offered property is less than 10km from the Québec City Jean Lesage International Airport and has direct access to major transport routes.
