New Royalmount real estate development will bring greater luxury retail options to Montreal

Among the low-rise industrial buildings that line the northern end of Décarie Boulevard, a major new shopping centre is taking shape. The $7-billion Royalmount luxury retail and lifestyle centre is slated to open in summer 2024, after numerous construction delays. The real estate project will fill a gap in Montreal’s retail offerings, according to Charles de Brabant, the Executive Director of the Bensadoun School of Retail Management (BSRM). “If you compare luxury retail to what we have in terms of hotels, restaurants or culture, it’s not up to par,” says de Brabant. “Some of the wealthiest neighbourhoods in Canada are in Montreal, and there is virtually no retail offering, with the exception of automobile dealers. When people want to splurge on luxury, they have to shop elsewhere.”