// REFERENCED ON THE SHOW
Les Immeubles Alre Inc. / Alre Properties Inc.
Montreal-based private real estate developer and portfolio manager that builds and leases commercial office and retail properties, including projects in Newfoundland's St. John's metro area. Its portfolio is anchored by sites leased to major tenants such as BMO Bank of Montreal and Shoppers Drug Mart / Pharmaprix.
📍 Montreal, Quebec, CanadaEst. 2000✓ 100% first-party verified
// DISCUSSED ON THE SHOW
// SELECTED PROJECTS
BMO/ALRE Building (331 Water Street)
CompletedOwner / developer (JCB Construction Canada was construction manager) · $25 million
Recently-completed four-storey downtown waterfront building (~45,000 sq ft: ~30,000 sq ft class-A office over ~15,000 sq ft ground-floor retail, plus underground parking) per RENX (Nov 2022). BMO leased office space and operates its main St. John's branch on the ground floor. Earlier 2019 CBC reporting cited larger pre-construction figures (75,000 sq ft / $30M); JCB's project director cited a $15M / 67,000 sq ft mandate — figures evolved over the project. JCB first-party page confirms 331 Water Street, four storeys, underground parking, construction-management/BIM delivery: https://www.jcb.ca/en/project/bmo-alre-building-in-st.-johns
Paradise Plaza (1641 Topsail Road)
CompletedOriginal developer (sold to Skyline Retail REIT, Nov 28, 2025; JCB Construction Canada was construction manager)
ALRE developed and opened the plaza (~2020) at 1641 Topsail Road; tenants per RENX (Nov 2022) included Shoppers Drug Mart, Dollarama, Starbucks, Pet Valu, Circle K and Burger King. JCB Construction Canada was construction manager (first-party: https://www.jcb.ca/en/projects/alre-paradise-plaza). FRESHNESS: the property was acquired by Skyline Retail REIT on Nov 28, 2025 (https://www.skylineretailreit.ca/news/2025/skyline-retail-reit-enters-the-province-of-nl-with-new-purchase/), so ALRE no longer owns it; a No Frills grocery store is under construction with a Sept 2026 opening planned. ALRE's previously-reported 35,000 sq ft Phase 2 (capping the site at ~95,000 sq ft) was in negotiation as of 2022; its current status under new ownership is unconfirmed.
// KEY PEOPLE
RD
// NOTABLE
Federal corporation Les Immeubles Alre Inc. / Alre Properties Inc. (corp. #3822508) was incorporated under the Canada Business Corporations Act on October 16, 2000 and remains active (annual filings noted overdue), with a registered office at 1652 Sherbrooke Street West, Montreal.
SOURCE ▸ALRE's St. John's projects (the 331 Water Street BMO/ALRE building and Paradise Plaza) were built by Montreal-based JCB Construction Canada, whose St. John's branch (opened spring 2020, run by Atlantic Canada project director Patrick Lafreniere) sits directly across Water Street from the build.
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