On September 13 2018 , BLUCAP received the official permit to begin work on the Drummond projet. Daniel Shamir, Managing Partner of BLUCAP, added that “this is a major milestone for this unique project which the city of Montreal needed to create a new asset class category. The Nexless technology that will be part of the building will bring something unique to the building. I believe that this building will bring a unique feel to downtown Montreal.”
BLUCAP is currently moving ahead with the project and expects to provide some news in the coming weeks on the advancement of the project and on other projects.