Originally built in 1953 as one of Canada's first enclosed malls, The Boulevard Shopping Centre, sits at the fifth busiest intersection in Montreal. Malen Capital and Crofton Moore purchased the centre and the underlying land, which was held by a separate owner, and set out to reposition the aging property into a vibrant retail hub for the neighbourhood.
The Boulevard Shopping Centre attracted a new tenant mix, many of whom are now enjoying much stronger retail sales than they have previously at their other locations.
Future plans include residential units close to the centre that will offer new housing choices for the surrounding neighbourhoods, while increasing traffic for retailers.
This is just another example of how the strengths of Malen Capital and its partners have created a portfolio of successful projects across the real estate spectrum.