{"id":2424,"date":"2026-05-07T21:00:00","date_gmt":"2026-05-07T19:00:00","guid":{"rendered":"http:\/\/stocks-future.com\/?guid=3dc559973bf907da979a751197db59e3"},"modified":"2026-05-07T21:00:00","modified_gmt":"2026-05-07T19:00:00","slug":"ia-financial-group-and-immostar-announce-the-breaking-of-ground-on-the-alo-ste-foy-project-309-new-housing-units-in-the-heart-of-quebec-citys-main-transportation-hub","status":"publish","type":"post","link":"https:\/\/stocks-future.com\/?p=2424","title":{"rendered":"iA Financial Group and Immostar Announce the Breaking of Ground on the Alo Ste-Foy Project: 309 New Housing Units in the Heart of Quebec City\u2019s Main Transportation Hub"},"content":{"rendered":"<p>QUEBEC CITY--(BUSINESS WIRE)--iA Financial Group and Immostar announced today the start of construction on the Alo Ste-Foy project, an 18-story, 309-unit multi-residential complex seeking LEED certification and representing an investment of $118 million. The groundbreaking ceremony took place in the presence of the project partners.<\/p><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260507527742\/en\/2588340\/4\/iAGF-GBI-V-RGB-BIL.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260507527742\/en\/2588340\/22\/iAGF-GBI-V-RGB-BIL.jpg\" \/><\/a><br\/><a href=\"https:\/\/mms.businesswire.com\/media\/20260507527742\/en\/2588340\/4\/iAGF-GBI-V-RGB-BIL.jpg\"><img src=\"https:\/\/mms.businesswire.com\/media\/20260507527742\/en\/2588340\/21\/iAGF-GBI-V-RGB-BIL.jpg\" \/><\/a><p>\nLocated directly at the Sainte-Foy transit hub, connected to the tramway as well as the North Shore and South Shore bus networks, Alo Ste-Foy is one of the city\u2019s most strategic densification initiatives.<\/p><p>\n\u201c<i>iA Financial Group is a proud contributor to the Alo Ste-Foy housing project, which has a strong focus on sustainability, seeking LEED certification and promoting access to public transit. Alo Ste-Foy stands out as a model project in this regard,<\/i>\u201d said Alain Bergeron, Executive Vice-President and Chief Investment Officer.<\/p><p>\n<b>Responsible urban densification\n<br\/><\/b>The project is located on a site historically used for parking. Its transformation serves as a concrete example of what responsible urban densification can look like: replacing a barren strip of concrete with a dense, vibrant and sustainable living environment that benefits both the neighbourhood and the city.<\/p><p>\nAlo Ste-Foy offers a rare convergence of transportation options:<\/p><ul class=\"bwlistdisc\">\n<li>\nDirect connection to the future tramway<\/li>\n<li>\nImmediate access to the North Shore and South Shore bus networks<\/li>\n<li>\nA multi-use path connected to the city\u2019s cycling network<\/li>\n<li>\nProximity to a bike-sharing station<\/li>\n<li>\nQuick access to Route de l\u2019\u00c9glise (shops, restaurants and services)<\/li>\n<\/ul><p>\n\u201c<i>Alo Ste-Foy proves that you can do life in the city differently: better connected, more efficiently, without compromising on quality of life. Here, we\u2019re creating a living environment that simplifies daily life and fits seamlessly into today\u2019s urban reality,<\/i>\u201d said Fran\u00e7ois Pelchat, a partner at Immostar.<\/p><p>\n<b>A living environment designed for today\n<br\/><\/b>Alo Ste-Foy offers a high-quality living environment, designed to meet today\u2019s needs, featuring optimized, bright and functional units ranging from studios to three-bedroom apartments.<\/p><p>\nThe architecture, both modern and timeless, blends harmoniously into its surroundings, while the building features a sustainable design, including a high-performance building envelope and green roofs, even in a dense urban setting.<\/p><p>\nThe common areas were designed to enhance residents\u2019 daily lives by providing spaces for relaxation, work and socializing that are tailored to modern lifestyles.<\/p><p>\nThe project is seeking LEED certification, reflecting a responsible and long-term approach.<\/p><p>\nConstruction began in April 2026, and the first units are scheduled for delivery in June 2028.<\/p><p>\n<b>About Immostar\n<br\/><\/b>Based in Quebec City for over 20 years, Immostar is an integrated real estate developer, property manager and investor, recognized for its ability to create sustainable value at scale. Active in the commercial, industrial, multi residential and office sectors, the company develops and manages a diversified portfolio of strategic assets representing more than $1 billion in real estate holdings across Quebec. Immostar stands out for its rigorous, innovative and forward looking approach, designing eco friendly, sustainable and smart projects that actively contribute to the evolution of living environments.<\/p><p>\n<b>About iA Financial Group\n<br\/><\/b>iA Financial Group is one of the largest insurance and wealth management groups in Canada, with operations in the United States. Founded in 1892, it is an important Canadian public company and is listed on the Toronto Stock Exchange under the ticker symbol IAG (common shares).<\/p><p>\nTo learn more about iA Financial Group, you can sign up for our newsletter on our website at <a  href=\"https:\/\/cts.businesswire.com\/ct\/CT?id=smartlink&amp;url=https%3A%2F%2Fia.ca&amp;esheet=54530256&amp;newsitemid=20260507527742&amp;lan=en-US&amp;anchor=ia.ca&amp;index=1&amp;md5=11c57268901591f5a9e81cd71c06c18f\" rel=\"nofollow\" shape=\"rect\">ia.ca<\/a><\/p><p>\niA Financial Group is a business name and trademark of <b>iA Financial Corporation Inc.<\/b><\/p><br\/> <b>Contacts<\/b> <br\/><p>\n<b>Information:<\/b><br\/><b>Public Affairs<\/b><br\/>Chantal Corbeil\n<br\/>Phone: 514-247-0465\n<br\/>Email: <a  href=\"mailto:chantal.corbeil@ia.ca\" rel=\"nofollow\" shape=\"rect\">chantal.corbeil@ia.ca<\/a><br\/>\n<br\/><b>Immostar<\/b><br\/>Fran\u00e7ois Pelchat\n<br\/>Phone : 514-995-2579\n<br\/>Email : <a  href=\"mailto:fpelchat@immostar.ca\" rel=\"nofollow\" shape=\"rect\">fpelchat@immostar.ca<\/a><\/p>","protected":false},"excerpt":{"rendered":"<p>QUEBEC CITY&#8211;(BUSINESS WIRE)&#8211;iA Financial Group and Immostar announced today the start of construction on the Alo Ste-Foy project, an 18-story, 309-unit multi-residential complex seeking LEED certification and representing an investment of $118 millio&#8230;<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2424","post","type-post","status-publish","format-standard","hentry","category-infos-businesswire"],"_links":{"self":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2424","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2424"}],"version-history":[{"count":1,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2424\/revisions"}],"predecessor-version":[{"id":2425,"href":"https:\/\/stocks-future.com\/index.php?rest_route=\/wp\/v2\/posts\/2424\/revisions\/2425"}],"wp:attachment":[{"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2424"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2424"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stocks-future.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2424"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}