Broccolini takes on greater real estate role
Real Estate News Exchange, October 15th 2015, Read the article
For the past few years, Montreal-based Broccolini Construction has expanded beyond the business of just putting up buildings to become a vertically integrated real estate company involved in all aspects of the business, from land acquisition to development and design-build services.
The family-owned company, now in its third generation, also looks to have outgrown its Montreal roots, having opened offices in Ottawa and Toronto in recent years.
The new outposts were not opened simply to chase new business, but to service an impressive array of current projects, explained Jean Langlois, Broccolini's director of communications and marketing.
"Business is booming," he said.
The company is currently working on speculative industrial developments in both Montreal and Toronto, building a 150,000-square-foot location for Saks Fifth Avenue – the first for Canada – and is working on the largest residential tower in downtown Montreal (L'Avenue shown in image).
The company has also been awarded another large Montreal retail development it is not yet able to divulge.
The 65-year-old company earned its reputation in the industrial sector and that remains a strength, Langlois said. "Industrial has always been and always will be something that we are good at and in demand for."
Broccolini has moved its headquarters to the site, which boasts 450,000 square feet of office and life science space in a number of buildings, plus another 400,000 square feet of assembly/light manufacturing, distribution and warehousing space.
Building record-setting tower
On the residential side, its most ambitious project is the 50-storey, mixed-use residential developmentL'Avenue. Located across from the Bell Centre in Montreal's core, it is slated to be the tallest residential tower in the city.
The building will stand out for more than just its height, the developer said. The tower will be composed of "three sculpted rectilinear volumes" while a podium will house office and commercial tenants.
The tower will contain 300 suites ranging in size from 500 to 1,500 square feet as well as penthouse suites of up to 5,300 sq. ft.
Condo tower going up in Ottawa
The builder-developer is also busy in Ottawa where it is erecting The Slater, a 21-storey condo tower in the business district that will boast a mix from one bedrooms to penthouse suites.
As well, Broccolini is building Westboro Connection for Bridgepoint Realty Management, a mixed-use development featuring 389,000 sq. ft., comprising 142 residential units for rent and another 100,000 square feet of class-A office space and 33,000 sq. ft. of retail.
"It seems that in some areas, the market is shifting a little bit towards apartments now after the condo craze," said the Broccolini executive.
Broccolini is also eyeing a residential project in Toronto, the country's biggest real estate market.
"We would love to start a residential tower in Toronto," Langlois said. "We are actively looking for land in the GTA.
"We are really happy with the progress that we have been making in Toronto and how quickly we have been able to establish a presence and confidence in the market towards the Broccolini name."
Michael Broccolini, a third-generation member of the family, is in charge of the Toronto office "networking and trying to buy as much land as he can," in the city.
History of Broccolini
Broccolini was established in 1949 and over the years has built everything from homes to warehouses and office towers. Founder Donato Broccolini's first project was a single-family home in Montreal.
In the 1980s, he brought sons John, Joseph and Paul into the business, which then expanded into retail and industrial construction.
Today, three generations and 300 employees work for the company, which has expanded into engineering, architecture, real estate and development.Back to newsfeed