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Montreal developer closes deal on landmark institute site

Residia aims to build towers of 25 and 17 floors on abandoned property
Montreal real estate development company Residia has purchased this abandoned property from the Quebec government. (Olivier Gariépy/CoStar)
Montreal real estate development company Residia has purchased this abandoned property from the Quebec government. (Olivier Gariépy/CoStar)

A small Montreal developer has landed one of the city’s most prominent vacant institutional properties in a $33 million deal with the Quebec government.

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