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Neighbours of Montreal industrial lot uneasy despite city's settlement with shipping company

Resolution of Ray-Mont's lawsuit against municipality could free space for residential construction at another site
The Ray-Mont Logistics property from its entrance on Notre Dame Street E., with the stacks of containers with the Olympic Stadium tower in the background. (Kristian Gravenor/CoStar)
The Ray-Mont Logistics property from its entrance on Notre Dame Street E., with the stacks of containers with the Olympic Stadium tower in the background. (Kristian Gravenor/CoStar)
CoStar News
October 11, 2024 | 1:13 P.M.

A $17 million settlement recently struck between the city of Montreal and Ray-Mont Logistics freight forwarding company could be seen as a thunderous boom around the commercial real estate landscape in a pair of locations at opposite ends of the city.

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