After being empty for 30 years, the Montreal Tower of the Olympic Stadium will welcome 1,000 Desjardins employees in mid-2018.

"So for 30 years there was nothing," said president-director general of the Olympic Park, Michel Labrecque.

Decades ago, the tower was initially going to be used as gym space to support the 1976 Olympics but since it was only built 10 years after the event, that wasn't realized.

Numerous projects have been planned over the years but Labrecque said they all fell through.

The employees working in the Desjardins credit card unit, AccèsD, will occupy seven of the twelve floors in the tower.

The lease was signed on Friday.

The tower needs $60 million worth of renovations before Desjardins can move in. Renovations will be possible with the help of a $43.5 million loan from the Quebec government.

Labrecque said the metro stations, underground parking and sports centre all made the tower an appealing location to consolidate Desjardins' AccèsD employees from other areas of Montreal.