Rhapsody Wins Management Contract for Quebec Tower
- Jul 08, 2019
Canada’s Rhapsody Property Management Services has been tapped to manage Central Parc Laval, a new rental community in the city of Laval in Quebec. The first phase of the property consists of a 22-floor tower offering 198 residences ranging from one- to three-bedroom units.
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Plans call for the overall master-planned community, which is being developed by the Saroukian Group, to include six rental towers upon completion. Located at 3405 Boulevard le Carrefour, Central Park Laval will also feature prominent retail space and more than 50,000 square feet of green space. Amenities of the project’s first phase include a rooftop sky lounge with an infinity pool, outdoor fire pits, a gym and pet spa.
Move-ins commenced at the start of July and will continue until completion of the building, which is slated for the end of summer. The management contract marks Rhapsody’s first foray into the Quebec market. The company is based in Toronto, capital of the province of Ontario, where rental demand has reached multi-decade highs.
Rental demand for purpose-built and condo apartments in Ontario is projected to average 34,000 units per year in the coming decade, creating a supply shortfall of more than 6,000 units per year under a baseline development outlook, according to Greenwin Inc.