National Bank announced Tuesday it plans to build a new headquarters in downtown Montreal.
The bank’s new offices will be located at the corner of Saint-Jacques Street and Robert-Bourassa Boulevard. The concept of the new building will take shape in the coming months, following an architectural competition.
The use of materials and services provided by clients of the bank in Quebec and Canada will be favored for “all facets of [the] work”.
The bank aims to make its new headquarters “the most important office tower built in the city center for 25 years”.
The National plans to be the only occupant of the new building, which should open in 2022.
The tower at 600 de la Gauchetière Street West, which has been home to the bank’s headquarters since the early 1980s, will soon be on sale. The proceeds from the transaction will be used for future work.