A Sector in Full Swing

Fall 2025 and early 2026 mark a turning point for the neighborhood.

 What urban planners once called a "grey zone" between the Décarie Expressway and Mount Royal is becoming Montreal's most ambitious construction site.

The Inseparable Link with Namur-Hippodrome

The site of the former Blue Bonnets Raceway (Hippodrome), located just a few hundred meters north of Ferrier Street, is the engine of this growth.

• $320M Public Investment: In September 2025, the federal, provincial, and municipal governments injected over $300 million into infrastructure (water, roads, transport) for Phase 1 of the Namur-Hippodrome District.

• Direct Impact: This investment opens up the adjacent lands on Ferrier Street, making high-density projects viable where only light industry could previously survive.

The Olymbec Revitalization Project (Ferrier-De la Savane Sector)

• The Concept: A modern 360-unit residential complex strategically located to serve the professionals of "The Triangle."

• Developer Strength: Olymbec is utilizing its internal construction power to transform industrial assets into high-end residential units, directly addressing the housing shortage.

• Timeline: The "Lynk" project is already a flagship for the sector's new residential identity.

The real estate giant, traditionally known for its vast industrial portfolio, is making a strategic pivot toward residential in the Ferrier Street area.

This project aligns with the City of Montreal's vision to transform underutilized land into dense living environments connected to public transit.

Project Fact Sheet

• Developer/Owner: Olymbec (Group led by the Lyadmetsov family / Derek Stern).

• Builder: Olymbec’s internal construction division.

• Architects: Montreal firms specializing in urban densification (mandates often awarded to firms such as Rubin & Rotman or Forme Studio).

Project Details

• Location: Adjacent to 5255-5275 Ferrier, near the De la Savane metro station.

• Number of Units: Approximately 360 residential units.

• Typology: A mix of studios, 3 ½, 4 ½, and some family units (5 ½).

• Structure: A "podium" type building with a tower rising 10 to 12 stories, maximizing views of the West Island and Mount Royal.

Budget and Timeline

• Estimated Investment: Between $130M and $160M, including land acquisition and necessary decontamination of former industrial sites.

• Status: Zoning phase completed (land rezoned for mixed-use residential).

• Construction: Scheduled to span 24 to 30 months.

• Delivery: Targeted for the 2026-2027 horizon.

The Stein Project (5255-5275 Ferrier

The industrial site at 5255-5275 Ferrier Street is the subject of a bold transformation vision.

Led by the Stein family (Pinnacle Investments), this redevelopment project aims to convert a two-story commercial building into a 12-story residential complex.

Beyond just providing housing, the project stands out for its unique social mission dedicated to neurodiversity.

Project Fact Sheet

• Developer: Stein Family / Pinnacle Investments.

• Current Owner: Sandra Stein.

• Status: Planning phase; representations underway with the Office de consultation publique de Montréal (OCPM).

Project Details

• Structure: Two 12-story buildings.

• Number of Units: Approximately 360 planned units.

• Unit Types: Mix of studios, 1 to 3 bedrooms, promoting generational diversity.

• Added Value: An entire floor dedicated to neurodiversity, offering a supervised living environment for young adults.

Budget and Timeline

• Estimated Budget: Not publicly disclosed, but projects of this scale in the sector are valued between $120M and $150M.

• Timeline: Briefs were submitted in 2024 as part of the 2050 Urban Planning and Mobility Plan (PUM).

• Construction is contingent upon obtaining a zoning change from industrial to mixed residential.

Financial and Social Impacts

• Tax Base Increase: Converting a two-story industrial building (5 employees) into a 360-unit complex would increase property tax revenue for the borough tenfold.

• Infrastructure Contribution: The developer will contribute to "growth fees" to fund local parks and infrastructure.

Regulatory Framework and Social Impact

Both projects are subject to Montreal's Bylaw for a Diverse Metropolis (20-20-20 rule).

• Affordable Housing: Land pressure on Ferrier requires authorities to mandate social housing quotas (often 20%) to prevent exclusive gentrification.

• Neurodiversity: The most innovative aspect of the Stein project is the commitment to a supervised living environment.

"The goal is to offer a supervised setting allowing these young people to live independently for the first time," per the OCPM representations.

• Quality of Life: Urban planners are prioritizing the "greening" of current parking lots at 5255-5275 Ferrier to reduce heat islands and improve public health.

Sector Statistics at a Glance

The End of the "Car-First" Era

The Namur station sector is facing its "moment of truth." The planned connection of Cavendish Boulevard and the development of new public spaces over the Décarie Expressway will radically transform the pedestrian experience.

By observing the evolution of 5255-5275 Ferrier, it becomes clear that a real estate asset's value no longer lies solely in its structure, but in its connectivity.

The potential to convert these buildings into hybrid spaces (artist studios, tech offices, and residential) is immense.

For investors and future residents, these projects are not just addresses—they are the first milestones of a modern, inclusive, and carbon-neutral Montreal.