Jadco has commenced construction on a two-building, zero-carbon multi-family residential project in the Montreal suburb of Saint-Laurent, Que.
Known as Équinoxe Bois-Franc, the $225-million project reflects Jadco’s environment and social governance framework, said the company. In addition to seeking the Zero Carbon Building Performance Standard, the project is aiming for LEED and BOMA certifications.
The 525-unit project will be built in two phases, with the first slated for completion in spring 2026. The buildings’ key features will include a dual-energy mechanical system powered by renewable natural gas, 340 bicycle storage spaces, and urban gardens. Both buildings will contain green roofs designed to improve heat control.
Multifamily owners with loans coming due are faced with higher refinancing costs. While this isn’t news, Newmark put numbers to the issue, indicating that loans maturing in Q3 2026 carried an average interest rate of 4.04%, compared to 5.69% on new loans at an average cap rate of 5.5%, resulting in negative leverage. At the...
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An increase in mortgage rates is cooling home sales, with multifamily the biggest beneficiary, according to John Chang, senior vice president at Marcus & Millichap. In a recent video, Chang said that the 10-year Treasury has risen by more than 100 basis points, and the 30-year mortgage rate is up about 130 bps to the...
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The city of Revere is eying a large redevelopment plan that would create 1,700 new affordable and market-rate homes about five miles northeast of downtown Boston. The Revere Housing Authority presented a proposal to the Revere City Council last week requesting a zoning change that would allow for development on a 40-acre site at Cooledge...
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