Montreal, May 31, 2024 - Over the past few months, Notman House has been put up for sale by its owner's mortgage creditors (Business Development Bank of Canada and Investissement Québec). Since the sale was announced, the Trottier family has expressed interest by submitting a conditional purchase offer. The transaction is expected to close in the coming weeks.
As a result, Notman House may become a Philanthropy House. Similar initiatives exist in Toronto and several major cities around the world. They enable the philanthropic ecosystem to pool expertise, share resources and accelerate the development of initiatives. Open to the community, the Montreal project will be exemplary from both a heritage and environmental perspective. It will be developed to the highest standards. A more detailed presentation will be made by the fall.
“I am extremely happy to announce that Notman House could become a Philanthropy House focused on the community. This is a sustainable project aimed at protecting the building from real estate speculation and highlighting its cultural and heritage legacy in service of organizations dedicated to the socio-ecological transition. I invite startups interested in exploring the possibility of remaining tenants after the purchase is completed to reach out.” - Sylvie Trottier
As buyers, the project promoters are not involved in the current management of the building since they are not yet the owners.
The buyers approached the OSMO Foundation to discuss possible ways forward.
The buyers do not intend to make any further statements until the negotiations are completed.
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