By Alexandra Pacurar, Associate Editor
Montreal, Canada—Thor Equities acquired two adjacent mixed-use buildings in Downtown Montreal’s prime retail corridor for over $20 million. 1325 St. Catherine St. is a 2,600-square-foot retail property occupied by Boutique TAG, while the adjacent 1327-1333 St. Catherine St. is a six-story corner building offering 11,860 square feet of retail space and an additional 18,550 square feet of office space.
Thor Equities plans to extend the retail space to the currently-vacant second floor, and upgrade the ground floor which is occupied by ECCO, Vasco and Paris Café.
The area is a top prime shopping destination in Montreal. High-end fashion and technology brands have flagship stores nearby. The two properties are also in the vicinity of educational and cultural landmarks such as McGill College Campus or Musée des Beaux Arts.
Several development plans target the district, including a 250,000-square-foot mixed-use luxury project currently under construction along Rue de la Montagne. Additionally, the City of Montreal announced its plan to invest in new pedestrian malls, free Wi-Fi and heated sidewalks on Saint Catherine Street.
Thor Equities is close to finalizing the purchase of 1391-1397 St. Catherine St., a corner building offering 23,800 square feet of retail and residential space over four levels, including 6,900 square feet of retail on the ground and lower levels.
Image courtesy of Thor Equities