Leiad contributes to the Montreal art scene with the purchase of 5655 Rue de Marseille

MONTREAL, February 9, 2024 /CNW/ – Leyade, a leader in the Canadian real estate industry, is proud to announce the recent acquisition of 5655 Rue de. Marcel. Strategically located in Mercier-Hochelaga-Maisonneuve, developing Montreal district, Leiad is currently developing an innovative proposal for its latest acquisition. Instead of keeping the property's original layout as an industrial warehouse, Leiad envisions an adaptive reuse of its interior to become a dynamic hub for local artists and makers.

After a series of major renovations, the empty spaces of the building will be repurposed into private studios for a variety of artistic practices. These studios will also be surrounded by lively communal spaces to foster meaningful collaboration between its users. “By offering affordable rental spaces in an industrial setting, we aim to encourage collaboration, innovation and community. of Montreal creative talents. The facility is designed to promote a sense of unity with shared common areas that inspire interaction and mutual support among artists,” says Leiad CEO Henry Zavriev.

Occupying approximately 65,000 square feet of gross leasable area (GLA) and situated on approximately 2.0 acres, the building was originally constructed in 1968 and underwent a major renovation in 2013. Located just a 2-minute walk from the Assumption metro station, it offers. exceptional accessibility that allows artists and musicians from all over the city to easily reach its facilities by any public transport.

This acquisition marks a significant milestone in the design of spaces that contribute to and promote the company's space. of Montreal vibrant art scene. According to Mr. Zavriev, “this initiative is not only an investment in real estate, it is of Montreal cultural fabric. By repurposing an industrial space for an artistic purpose, Leyad is dedicated to promoting and expanding the local art scene, providing artists with the resources and environment they need to thrive.”

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Leiad bought the building from PROREIT, an industrial-focused public REIT. Appropriate Zachary AaronDirector of Investments at PROREIT, “Working with Leiad was a seamless experience. Their expertise and dedication made our transaction smooth and stress-free.”

In moving this project forward, Leiad is excited to collaborate with local artists, urban planners, and the larger community to ensure their vision aligns with the city's needs and aspirations. of Montreal artistic community. Leiad strives to create a space that not only meets the practical needs of artists, but also contributes to the city's unique and ever-growing cultural heritage.

ABOUT LEIADS

Leyad is a leading real estate development company Montreal. Founded by Henry Zavriev, Leyad specializes in the design, construction and management of residential, commercial and mixed-use real estate. Its team of experts is focused on providing families and communities with quality and affordable buildings. The company stands out for its commitment to innovation, efficiency and environmental protection.

EYES Leiad

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