The new owners have plans to turn the structure into a 10-storey building, featuring apartment hotels on the first six floors and condos on the top floors.

The city is still waiting for the projects to be formally submitted.

The consultations were launched after the city of Montreal announced it wants to develop the area also known as Blue Bonnets.

Montreal Mayor Valérie Plante described the tentative deal as "historic."

"Even though there's been work done on this project, the negative impacts are more important than the positive impacts."

Montreal Mayor Valérie Plante slammed the Royalmount project saying it wasn't in keeping with the wishes of the city's citizens, and that it would have massive regional impacts.

Lachine residents were invited to a forum on Saturday to gather opinions on a massive development in the borough's east end.

It's been up and running since 1862, now a tree is the only thing keeping the stable from collapsing. But there is good news.