Barack Ferrazzano advised on the deal
Montreal’s Carbonleo, a property development and management company and L Catterton Real Estate (“LCRE”), the real estate investment and development arm of L Catterton, the largest and most global consumer-focused private equity firm in the world, have partnered to launch Royalmount, a new multifunctional destination in Montreal created by Andrew Lutfy and his development team. LCRE funds include investment sponsorship from LVMH Moet Hennessy-Louis Vuitton, the world leader in high-quality products, and its holding company Groupe Arnault. LCRE’s projects are renowned for their architectural and design excellence, high profile public art and premium merchants in newly fashionable geographies and locations. The partnership will leverage LCRE’s expertise launching globally acclaimed projects including The Amazing Brentwood, Miami Design District and Tokyo’s Ginza SIX.
Carbonleo’s Royalmount project is ushering in a new era of lifestyle destinations. As Montreal’s new Midtown urban complex, Royalmount offers the best in retail, work, entertainment and hospitality, all designed around a platform that enhances the experiential and orchestrates infinite points of connectivity among its people.
Drawn together by a bold vision in an iconic city, Royalmount is set to re-define mixed-use developments for the future and position Montreal as a global leader in innovative lifestyle projects. Royalmount attracts scores of local and international visitors, while creating a place like no other for Montreal’s local community to enjoy.
The 3.6 million square foot privately funded project was conceived following rigorous research and consultations, comprehensive futurist workshops, and a strategic and business development initiative led by Andrew Lutfy and Carbonleo that has been ongoing for several years. This project will restructure a former industrial district and create 15,000 new jobs.
Royalmount will feature exciting entertainment venues, never before seen in Montreal, and extensive dining and hospitality possibilities. Retail is re-imagined through supreme storytelling, world-class fashion and luxury rows, international flagships, independent boutiques, and family-oriented shopping from the next generation of global retailers alongside Montreal’s most exciting local champions.
With more than 100 exciting venues, the new culinary destination is distinguished by its limitless bounty of food and beverage experiences. As only Montreal can offer, as a city with both a neighbourhood feeling and international appeal, visitors will enjoy a curated set of popular restaurant outposts, newcomers, trendsetters and luxury players. Plans for Montreal’s Midtown urban resort are underway with five hotels, four office towers, a wellness village and a sustainable and efficient transportation hub anchored by a privately funded, fully enclosed pedestrian and bike friendly bridge connecting visitors from the metro to the development.
Royalmount is the second transformative project in Montreal currently being developed by Carbonleo along with the downtown luxury ecosystem featuring the Four Seasons Hotel and Private Residences.
Barack Ferrazzano advised L Catterton with Andrew Grossmann (Picture), Julie K. Rademaker, Matthew A. Jackson and Raymond T. Reott.
Law Firms: Barack Ferrazzano;
Clients: L Catterton;