An interview with NexArm Investment’s George Armoyan Jr.
Work is progressing at 1245 Sherbrooke Street West, the former Canadian headquarters of Standard Life Insurance Company. Vacant since 2015, the building is now being transformed into Le Samuel, one of Montreal’s most ambitious office-to-residential conversion projects.
The project is led by NexArm Investments, part of The Armoyan Group of Companies, a real estate group founded in Halifax in 1982 by the Armoyan family. Over the past four decades, the company has expanded across Canada and the United States with a diversified real estate portfolio.
Located in a prime downtown area, the building’s large 12,500-square-foot floorplate makes it well suited for conversion into high-end residential units. Construction is currently underway and the development, now called Le Samuel par Armoyan, is expected to be completed this summer.
The project reflects a growing conversation in the real estate industry around converting older office buildings into residential properties. While such transformations can present structural and design challenges, the redevelopment of 1245 Sherbrooke aims to preserve elements of the building’s historic character while modernizing it for residential living.
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