STELLA

STELLA
CORTIM

CORTIM

November 08, 2006 05:00 ET

Environmentally-Friendly Condominiums Next to Jean-Talon Market

STELLA Project Seeks LEED Gold Certification, a First in Quebec for a Residential Real Estate Project

MONTREAL, QUEBEC--(CCNMatthews - Nov. 8, 2006) - Cortim, a sustainable real estate developer, is proud to unveil its new condominium project eligible for LEED Gold and Novoclimat Certifications. Named STELLA, this residential project located on the corner of Casgrain and Moliere streets is the first project in Quebec to attempt to gain such certification, recognized as one of the highest standards for environmentally-friendly buildings. Furthermore, these units will be available at a price standard within the current market.

A Three-Pronged Energy-Efficient Project

To qualify, Cortim, along with its team of specialized consultants, relies on an energy-efficient approach which is three-pronged: energy savings, air quality, and water management(1). In order to reduce energy consumption by approximately 60%, Cortim invested in geothermal energy as well as in improved overall insulation, namely with double-glazed windows with argon gas and "low-e". For air quality, products such as paint were meticulously chosen for their minimal volatile organic compound emissions. As for water management, it was also carefully considered with a reduction in consumption of approximately 40%, by collecting rainwater for toilets and by installing low-flow plumbing fixtures and toilets in the condominiums. Finally, to complete the approach, the STELLA project will have a green roof, with rainwater collection capabilities and drought-resistant plants.

"Cortim is now going further than we have previously when we transformed an entire street of old factories in Little Italy into beautiful urban-style housing facilities. After having given a new life to Moliere Street by renovating its abandoned buildings, we now enter a new phase in sustainable real estate development. The STELLA project is a practical example of this and shows our desire to do business differently", stated Francois Milani, President of Cortim.

One of its latest projects, the SPAZIO, obtained first prize from the ACQ(2) in 2004 in the recycling category. It represents how sustainable development has been at the heart of Cortim's business philosophy since the beginning. Moreover, in the same ecological framework, Cortim has been innovative with its website (www.lestella.ca) by allowing future buyers to virtually consult floor plans, choose colours and finishes, calculate future mortgage payments, and others.

"Regarding STELLA, it's a project that perfectly combines the emotional with the rational. Everything was thought of thoroughly, down to the smallest detail and from every angle, whether it related to the environment or the design, and with the intent of offering a better quality of life to the owners. Even with the choice of finishes, the process was lengthy. We finally decided on local suppliers and products with recycled contents or improved durability. Construction waste will also be recycled by about 60%", stated Samuel Dansereau, Project Manager.

In Perfect Harmony

The strength of the STELLA project is its balanced combination of intelligent, ecological and esthetic choices. This new five-storey, 17-unit building includes large windows and European style with areas of about 1,000 sq.ft. and tasteful finishes.

About Cortim

Cortim has been active in the field of sustainable real estate development since 2002. Among its numerous projects, it has transformed three old factories into condominiums in 2004, 2005 and 2006. The three projects were developed on Moliere Street in the Villeray neighborhood. A total of 138 condominiums were created.

For further information on STELLA, visit www.lestella.ca.

For further information on Cortim, visit www.cortim.ca.

(1) See technical fact sheets for more details and the definition of certain specific terms.

(2) ACQ: Association de la construction du Quebec.

Contact Information

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    Cecile Masson
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