Devmont
Devmont inc. is a Montreal-based residential real estate developer founded in 1999 by the Scalia brothers, delivering mid-market condominium projects, luxury rental apartments, and a Hilton hotel across multiple Montreal neighborhoods.
- Company typePrivate
- Founded1999
- HeadquartersMontréal, Canada
- Headcount11–50
- GTM typeB2C
- OfferingServices
What Devmont does
Devmont inc. is a privately held Montreal-based real estate development company founded in 1999 by brothers Sam and Joe Scalia, continuing a family construction legacy that traces back to their father Francesco Scalia's arrival in Montreal in 1955. The company develops, constructs, and sells residential condominium projects across Montreal neighborhoods including Rosemont, Côte-des-Neiges–Notre-Dame-de-Grâce, Côte St-Luc, and the Triangle district. Its delivered portfolio includes twelve major projects totaling 975+ units between Rouge Condominiums (683 units across six phases) and Côte Ouest (292 units), plus earlier projects such as Les Jardins St-Joseph (212 units), Les Cours du Canal Lachine (56 units), Le Bellagio (60 units), Les Jardins Laurier (27 units), and Espaces Mont-Royal (29 units). Construction emphasizes reinforced concrete structures with 9-inch slabs, high-efficiency insulation, and modern security systems.
The company's revenue model combines three streams: (1) one-time condominium sales across multiple price points historically ranging from $100,000 to $350,000 per unit; (2) recurring rental income from Westbury Green luxury condos, priced at $1,950/month for one-bedroom to $3,350/month for three-bedroom units with utilities included; and (3) recurring hospitality revenue from the Hilton Montreal Midtown hotel and Westbury Ballroom event venue, both within the Westbury mixed-use complex. Go-to-market is direct-to-consumer through project-specific websites, on-site sales offices, and a rental office at 6993 Décarie Boulevard, with marketing support from real estate agency Nivii. In 2024, the founders announced an amicable separation, launching DevWAH (Joe Scalia) and Les Propriétés Scalia Inc. (Sam Scalia) for new ventures while jointly continuing to oversee existing Devmont operations.
Devmont firmographics
Firmographics- Name
- Devmont
- Legal name
- Devmont inc.
- Website
- https://devmont.ca
- Company type
- Private
- Founded year
- 1999
- Operating status
- Operating
- Headcount range
- 11–50 employees
- Short description
- Devmont inc. is a Montreal-based residential real estate developer founded in 1999 by the Scalia brothers, delivering mid-market condominium projects, luxury rental apartments, and a Hilton hotel across multiple Montreal neighborhoods.
- Ownership category
- akta.pro rank
Devmont industry classification
Industry- Product category
- Residential Real Estate Development
- NAICS
- New Housing For-Sale Builders (236117), Residential Building Construction (23611)
- SIC
- Land Subdividers & Developers (No Cemeteries) (6552), General Bldg Contractors - Residential Bldgs (1520), Hotels & Motels (7011)
- akta.pro primary industry
- Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)
- akta.pro secondary industry
- Build-to-Rent (BTR) Community Management (BPAJAFAC)
Keywords
Where Devmont is headquartered
LocationHeadquarters
- HQ city
- Montréal
- HQ country
- Canada
- HQ region
- North America
Offices1 record
Markets served
Devmont business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Operations, Personnel, Supply Chain, Marketing or Sales, Infrastructure
Revenue model
- Condominium Sales: Sale of residential condominiums and condos across multiple development phases and projects in Montreal.
- Rental Income: Monthly rental income from luxury condo units at Westbury Green. Pricing ranges from $1,950/month for 1-bedroom to $3,350/month for 3-bedroom units.
- Hotel Operations: Hilton Montreal Midtown hotel operating within the Westbury complex.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Subscription | Monthly | Westbury Green luxury rentals starting at $1,950/month |
| Unit Pricing | Multi-year contract | Le Bellagio condos ($175,000 to $350,000) |
| Unit Pricing | Multi-year contract | Les Jardins Laurier condos ($100,000 to $175,000) |
| Unit Pricing | Multi-year contract | Rouge Condominiums (683 units across 6 phases) |
| Unit Pricing | Multi-year contract | Côté Ouest (292 units, 100% sold) |
Go-to-market motion2 records
Distribution channels3 records
Marketing channels4 records
Devmont product offering
Product offeringCore offering
Devmont is a Montreal-based real estate development company that plans, constructs, sells, and operates residential condominium and rental apartment projects across multiple Montreal neighborhoods. The company delivers full-service developments from initial planning and construction through unit sales and after-sales/rental operations, with a portfolio spanning affordable Accès Condos units, mid-market condominiums, and luxury rentals, plus hospitality components including the Hotel Hilton Montreal Midtown and Westbury Ballroom event venue.
Product overview
Devmont is a Montreal-based real estate development company founded in 1999 by the Scalia brothers, specializing in the construction and development of residential condo and rental apartment complexes across Montreal neighborhoods. The company's portfolio includes completed projects such as Le Bellagio (60 luxury units), Les Jardins Laurier (27 units), Les Jardins St-Joseph (212 units), Les Cours du Canal Lachine (56 units), Espaces Mont-Royal (29 units), Côté Ouest (292 units), and Rouge Condominiums (683 units across 6 phases). Currently, Devmont operates Westbury Green luxury rental condos with amenities and includes Hotel Hilton Montreal Midtown and Westbury Ballroom. The company also supports the MultiCaf Community Cafeteria as a social initiative. All projects are developed with a full-service approach from planning to sales, emphasizing quality construction with reinforced concrete structures and energy-efficient designs.
Differentiator
Problem solved
Functional benefit
Products and services
- Le Bellagio A luxury residential condominium complex with 60 custom-designed units across 9 stories, located on Avenue Marc Chagall in Côte St-Luc, Montreal. Winner of the 2003 Domus Award for New Housing Development. Targeted at mid-market condo buyers seeking quality housing.
- Les Jardins Laurier A residential condominium project with 27 uniquely designed units across 3 stories in the family-friendly Rosemont neighborhood of Montreal. Finalist for the DOMUS New Housing Development Award. Targeted at mid-market condo buyers seeking neighborhood-quality housing.
- Les Jardins St-Joseph A residential condominium complex with 212 units located at St-Joseph and Pie-IX boulevards in the Rosemont neighborhood of Montreal. Construction completed in 16 phases from 1996 to 2001. Finalist for Builder of the Year award. Targeted at mid-market condo buyers.
- Les Cours du Canal Lachine A condominium project with 56 spacious units across 4 stories located near Atwater Market and Canal Lachine in Montreal. Finalist for DOMUS Awards Project of the Year and New Housing Development. Targeted at mid-market condo buyers.
- Espaces Mont-Royal A limited-edition condominium residence with 29 units across 3 stories at the corner of Mont-Royal and Charlemagne Avenue in Montreal, walking distance to the Botanical Gardens and Olympic Stadium. Targeted at mid-market condo buyers.
- Côté Ouest A flagship condominium development with 292 units across 8 stories in the Le Triangle neighborhood of Côte-des-Neiges–Notre-Dame-de-Grâce borough in Montreal. Includes 254 Accès Condos accredited affordable homeownership units. Played a pivotal role in revitalizing western Montreal. 100% sold out. Targeted at mid-market condo buyers including affordable homeownership program participants.
- Rouge Condominiums A large-scale condominium project with 683 units across 6 phases in 12-story buildings in The Triangle district of Montreal. Features reinforced concrete structure, 9-inch thick slabs, 6-inch rigid roof insulation, state-of-the-art security with 24/7 surveillance, fast elevators (350 ft/min), storage and bicycle facilities, and landscaped gardens. 100% sold out. Targeted at mid-market condo buyers seeking long-term investment value.
- Westbury Green Luxury rental condominiums at the Westbury development in Montreal with 1-bedroom units starting at $1,950/month, 2-bedroom at $2,650/month, and 3-bedroom at $3,350/month. Features include 6 appliances, high-speed internet, heating, and A/C included; rooftop terrace, fitness center, sauna, 24/7 video surveillance, doorman service, and coworking spaces. Located near Namur metro station. Targeted at professionals and families meeting a combined household income requirement of at least 3x rent.
- Hotel Hilton Montreal Midtown A Hilton-branded hotel component within the Westbury development complex in Montreal, part of Devmont's mixed-use project. Targeted at business and leisure travelers seeking branded accommodations in Montreal.
- Westbury Ballroom
Quantifiable outcome
- 12+ major residential projects completed successfully over 25+ years
- +2 more outcomes
Companies that use Devmont
Customer profileNamed customers2 records
Segments3 records
Ideal customer profiles2 records
Devmont technology and API
TechnologyAPI detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Feature3 records
Devmont partnerships and signals
Strategic signalPartnerships
One partnership is on record.
- MultiCaf Community CafeteriaminorDevmont supports the MultiCaf Community Cafeteria, which provides food aid, creates social ties, and seeks resources for low-income people in the Côte des Neiges/Snowdown neighborhood of Montreal. MultiCaf was founded in 1989 and currently serves 6,487 households and over 3,000 children. Devmont has been supporting this community organization since 2011.
Scale indicators4 records
Recent moves6 records
Expansion highlights4 records
Devmont competitors and assessment
Company assessmentDirect peers
- Brivia Group: Brivia is a Montreal-based residential and mixed-use real estate developer with a comparable focus on condominium projects across the city. It is a direct competitor to Devmont for mid-rise and high-rise condo sites and buyers.
- Prével: Prével is a Quebec-based real estate developer specializing in residential and mixed-use projects in Montreal. Its project profile (urban condos, neighborhood revitalization) directly overlaps with Devmont's Côte Ouest, Westbury, and Rouge developments.
- Carbonleo: Carbonleo is a major Montreal real estate developer known for large-scale mixed-use projects including the Royalmount district. It is a direct competitor for large-ticket Montreal condo and mixed-use development opportunities similar to Devmont's Westbury complex.
- Devimco: Devimco is one of Quebec's largest condo and mixed-use developers, with flagship projects in Montreal and surrounding areas. It directly competes with Devmont in mid- and high-rise residential condo development across the Greater Montreal market.
- Samcon: Samcon is a Montreal-based residential developer with a long track record of condo and rental projects across the city. It is directly comparable to Devmont in scale, market focus, and product mix.
- Tidan (Tidan Living): Tidan is a Montreal-based real estate group with rental apartments, condos, and a hotel portfolio (including Alt and Humaniti hotels). Its mix of residential rentals and hotel operations mirrors Devmont's Westbury Green and Hilton Montreal Midtown combination.
Broad incumbents
- Broccolini: Broccolini is a major Quebec construction and real estate firm handling residential, commercial, and industrial projects in Montreal. It overlaps with Devmont in residential construction and development, though it operates across a wider range of asset classes.
- Groupe Sélection: Groupe Sélection is one of Quebec's largest residential developers, with retirement residences, rental apartments, and condos across the province. It is a broader incumbent that competes with Devmont across multiple residential product types in Montreal and Quebec.
Emerging players
- Cogir: Cogir is a Quebec-based real estate manager and developer with a growing portfolio of residential rental and condo properties in Montreal. It overlaps with Devmont in mid-market residential development and property management.
Regional players
- Groupe Katasa: Groupe Katasa is a Quebec-based developer with rental apartment and condo projects concentrated in Gatineau and Ottawa. It is a regional peer with comparable mid-rise residential focus but does not compete directly within Devmont's Montreal core.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks5 records
Key highlights6 records
Customer concentration
Devmont social profiles
Digital presenceDevmont financial estimates
Financial estimateRevenue estimate
Valuation estimate
Devmont leadership team
Management profileNumber of profiles
Profiles3 records
Devmont funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Devmont M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Devmont
What does Devmont do?
Devmont is a Montreal-based real estate development company that plans, constructs, sells, and operates residential condominium and rental apartment projects across multiple Montreal neighborhoods. The company delivers full-service developments from initial planning and construction through unit sales and after-sales/rental operations, with a portfolio spanning affordable Accès Condos units, mid-market condominiums, and luxury rentals, plus hospitality components including the Hotel Hilton Montreal Midtown and Westbury Ballroom event venue.
Is Devmont a public or private company?
Devmont is a private company. It is classified as family owned and is currently operating.
When was Devmont founded?
Devmont was founded in 1999. It employs 11 to 50 people.
Where is Devmont based?
Devmont is headquartered in Montréal, Canada, in the North America region.
How does Devmont make money?
Three revenue lines are on record. Condominium Sales are the primary driver. The others are rental Income and hotel Operations.
Who are Devmont's main competitors?
Direct peers on record are Brivia Group, Prével, Carbonleo, Devimco, Samcon and Tidan (Tidan Living). Broad incumbents are Broccolini and Groupe Sélection. Cogir is listed as an emerging player. Groupe Katasa is listed as a regional player.
Does Devmont have an API?
No public API is recorded for Devmont.
What industry is Devmont in?
Devmont's product category is Residential Real Estate Development. Its primary akta.pro industry code is IMAFABAL, Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities), with a secondary code of BPAJAFAC, Build-to-Rent (BTR) Community Management. Its NAICS code is 236117 and its SIC code is 6552.