The details of the "Royalmount" project will be unveiled by its developer, Carbonleo. The project is best known as the Quinze40 because of its proximity to where Highway 40 meets Highway 15.
The mall, to be located in the Town of Mont Royal, is slated to be 280,000 square meters — an area almost the size of Parc La Fontaine.
The project will include shops, restaurants, a hotel and even a theatre.
Opponents say mall will harm existing businesses
TMR's mayor, Philippe Roy, has publicly supported the project. However, it has drawn the ire of the city's official opposition, Projet Montréal.
Its leader, Luc Ferrandez, said he will do everything in his power to make sure the project never goes ahead.
Ferrandez said the island already has too many restaurants, stores and theatres.
He said the new mall would take business away from commercial streets such as St-Laurent Boulevard, Mont-Royal Avenue, and St-Hubert Street.
Montreal Mayor Denis Coderre and Russell Copeman, the mayor of the borough of Côte-des-Neiges—Notre-Dame-de-Grâce have both expressed reservations about the project.
Coderre said on Twitter he would need to hear more about the project's economic impact before giving it his support.