$7 billion Montreal development unveils its luxury lineup

What’s being billed as the preeminent destination for shopping, dining, and entertainment in eastern Canada has gathered a choice lineup of luxury goods retailers.

Royalmount, a $7 billion mixed-use development now under construction in Montreal, has announced that its high street will feature Louis Vuitton, Gucci, Tiffany & Co., Louis Vuitton, and more.

Saint Laurent and Versace will open their first standalone stores in Montreal at Royalmount. Jimmy Choo, too, will make its Quebec debut there.

David Yurman's new flagship at the center will be its largest store in Canada and its first in Quebec. And TAG Heuer will pay homage to the history of racing in the city with its design and layout.

Michael Kors and RH round out the development’s luxury roster.

“Years of thought and planning have gone into bringing the right brands to Montreal,” said Andrew Lufty, CEO of Carbonleo, the project’s developer. ”These arrivals represent an exciting future for Royalmount and will help bring our shared vision and values to life.”

Royalmount’s first phase, set to open in the summer of 2024, will be a two-level, 824,000-sq.-ft. complex of more than 170 stores and 60 restaurants surrounding a central park. Half of its tenants will be completely new to the Quebec market.

Royalmount will be the first 100% carbon-neutral mixed-use development in the Americas and the largest LEED Gold retail project in Canada, according to Carbonleo, which claims to be dedicated to a “progressive, human-centric, and vibrant approach” to its projects.

The property will use an energy loop powered by hydroelectricity aimed at reducing common energy consumption by 25%. It will contain 20% more green spaces than the average surrounding area and 450,000 carbon-dioxide-absorbing trees, shrubs, and plants.

Carbonleo states that Royalmount will focus on “sustainable retail, connectivity, and inclusive luxury where every shopper can find something to enjoy.”

The project is being funded by L Catterton, which claims to be the largest consumer-focused private equity firm with approximately $33 billion of equity capital.

Royalmount takes its name directly from its location: Montreal is French for “Mount Royal.”