Construction underway on new Wellington Street housing project

Construction underway on new Wellington Street housing project
Raïs Kibonge, Deputy Mayor of Sherbrooke and City Councillor for the Lac des Nations District, with Philippe Dusseault, President of the Must Urbain development company, Martin Raymond, First Vice-President of investments with the Fonds immobilier de solidarité FTQ, and Charles Lahaye, Regional Vice-President with the Fonds régionaux de solidarité FTQ – Estrie next to the future site of “Le Wellington” on Tuesday. (Photo : Gordon Lambie)

By Gordon Lambie

The partners behind a new residential project at 81-83 Wellington Street South met together on the site of the future building on Tuesday to present the details of their concept. Entitled “Le Wellington,” the development will feature a seven-storey tower with 68 apartments of varied configurations as well as 2,300 square feet of commercial rental space, and it is expected to be completed sometime in the spring of 2023.
“We are proud of the project we are presenting;” said Philippe Dusseault, President of the Must Urbain development company. “Although simple, we think it is a project that will stand the test of time.”
Dusseault described, ”Le Wellington” as a product of momentum that is developing around the Espace Centro project across the street. The developer shared that his company had put in a bid on the larger project and, when they did not get that contract, they looked to the vacant lot across the street as an alternative.
“We just decided to fill that gap,” he said.
Dusseault said that the living space in the new building is aimed primarily at young professionals and graduate students, people who he said would want to be in the active environment of the city’s downtown core.
“We’re close to restaurants, bars, the movie theatre;” he said, suggesting that the new development in the area will generate new energy in the surrounding area. “This is a space that is plugged in, vibrant, and effervescent.”
Asked about rental pricing in the context of the current housing crisis, the developer said that the current plan is for rent to start at $795 per month, although he did not clarify what one would get in the plan for that price.
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