mcgill101

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  1. Royalmount "Quinze40"

    If the population of the city (and by that I mean the downtown core) continues to increase, I don't think that commercial arteries will suffer as much as people think. The biggest problem that I have with this development is the traffic nightmare that it will bring to the area. As mentioned many times in this forum, that part of the city is a traffic nightmare. I hardly think that an overpass to the de la Savane metro and shuttles to the REM will alleviate any traffic brought on by this project... I also find it odd that a residential component is not part of the initial plans. Given that it's aiming to be a "destination" rather than just a mall, I would have thought that they'd have plans for housing rather than 5 hotels.
  2. Tour des Canadiens 3 - 55 étages

    Je suis entièrement d'accord avec vous. Cependant, dans le cas des TDC, les acheteurs étaient tous conscients de cela lorsqu'ils ont acheté leurs unités (ou du moins, l'information leur était disponible). Je pense qu'il y a une place pour Airbnb dans la ville, tant qu'elle n'a pas un avantage injuste par rapport aux hôtels.
  3. Tour des Canadiens 3 - 55 étages

    Airbnb isn't the problem... the building management can easily institute a rule that would ban short-term rentals. The fact is, CF is selling out rapidly because so many people are buying these units only to list them on Airbnb.
  4. Tour des Canadiens 3 - 55 étages

    These buildings will always have buyers as long as they allow AirBnb's to operate in them. From what I've heard, the TDC1 is a hotel with no rules. People are constantly coming and going, not respecting the facilities and public spaces, and it's a headache for residents. The other buildings (Rocca, Avenue, and Icone I believe) do not allow short-term rentals.
  5. Le Smith - 26 étages

    That poor little C-Lofts is going to disappear quite soon! The second photo shows just how much room there is for development on the next lot. I'm sure we'll see action there in the next few years given how hot this area is right now.
  6. Anyone who has been recently can attest that the Biodôme is in major need of an upgrade. I'm worried, however, that with the slew of bad press that the Plante administration has gotten recently, they'll be reluctant to spend more on this project.
  7. YUL - 38, 38 étages

    Taken yesterday, Feb 6
  8. Tour des Canadiens 2 - 51 étages

    Almost popping up above the Sheraton from this angle, and I'm guessing that TDC3 will fill the gap just to the west.
  9. McGill: RVH Campus

    Selon le plan de projet le plus récent, la décision d'acquérir le site sera prise d'ici juin. https://www.mcgill.ca/senate/files/senate/12._d16-57_rvh.pdf
  10. QUAD Windsor: projet global

    Not sure if this article has been posted in another thread, but it seems relevant here: Note: "Krispine said there’s now a shortage of large spaces available in downtown Montreal" and “Now, companies take bigger spaces, so they’re paying for more square footage, knowing that they’re going to be growing,” Krispine said. “That’s very different; people were way more cautious last year and the year before.” Perhaps these stats will send CF back to the drawing board on 750 Peel Montreal office rental market heating up, CBRE says The real estate management and investment company says the downtown core could soon be a landlord’s market. JACOB SEREBRIN, MONTREAL GAZETTE More from Jacob Serebrin, Montreal Gazette Published on: February 5, 2018 | Last Updated: February 5, 2018 6:00 AM EST Office building. JOHN KENNEY / MONTREAL GAZETTE After years of flat — and sometimes falling — office rental rates, Montreal’s downtown core could soon be a landlord’s market, according to a new report by real estate management and investment company CBRE. “I’ve rarely seen such a great buzz in the city as we’re seeing right now,” said Avi Krispine, the executive vice-president and managing director of CBRE’s operations in Quebec. In 2017, Montreal set a new record for net absorption, according to CBRE. That’s a measure of tenant demand used in the commercial real estate industry, calculated by subtracting the amount of space vacated by tenants from the amount of newly leased space. The real estate company said there was over 1.93 million square feet of positive net absorption in Montreal in 2017. The previous record, set in 2007, was 1.8 million square feet. That’s a sign that demand is increasing, the company said. Much of that is happening in downtown Montreal. “This is really related to the downtown core,” Krispine said. With a strong local economy, business leaders are “confident that they are going to be growing.” In the past, he said, companies would rent the space they needed with options to expand, such as a right of first refusal for additional space in the same building. “Now, companies take bigger spaces, so they’re paying for more square footage, knowing that they’re going to be growing,” Krispine said. “That’s very different; people were way more cautious last year and the year before.” Year over year, the office vacancy rate fell one percentage point, to 12.8 per cent, Krispine said. However, it rose from the third quarter — the result of new supply, like Maison Manuvie, coming on the market. Asking rents were up 4.8 per cent, year over year, to $22.22 per square foot for Class A office buildings in downtown Montreal. Gross rents rose around one dollar, year over year, Krispine said. “Over the last many years, rent was pretty stable, if not going downwards,” he said. Krispine said there’s now a shortage of large spaces available in downtown Montreal. He added that he expects these trends to continue. In the industrial leasing market, a lack of supply has pushed vacancy rates down, Krispine said. “In Laval, in Q4, we’re talking about a vacancy rate average of 3.7 per cent. This is unheard of,” he said. Increasingly, there’s more activity on the North Shore, as far as St-Jérôme, as well as in the West Island and in Vaudreuil, he said. “Not too long ago, if you left the core of the industrial park in St-Laurent, people were getting turned off,” he said. There are also industrial developments, including a new Molson brewery, planned for the South Shore. “Already, the South Shore is a very, very tight industrial market. The vacancy rate has always been very low there,” Krispine said. http://montrealgazette.com/business/local-business/real-estate/montreal-office-rental-market-heating-up-cbre-says
  11. TOM Condos - 42 étages

    I would also add that one of the main developers of this project, Daniel Revah, is a shady businessman with a bad track record. He was also behind the Redfern project in Westmount, which also suffered severe delays. Both projects had very high costs overrun and he was forced to seek additional funds from an outside investor. It's definitely important to know who you are buying from and to have a solid understanding of the people behind a project. Going forward, I would be very hesitant about any project that this man is involved in.
  12. L’Habitation 21 / H3C - 15, 9, 8, 7, 6 étages

    Agreed that some of the buildings going up are quite ugly - but there is still an enormous amount of space to be developed in Griffintown. We can still have hope that the best is yet to come!
  13. Myriade - 22 étages

    I would hardly say that the English text is impeccable. Whoever posted the ad clearly spent very little time and effort - both in the English and French section. You have the right to hold your political views, but I don't think that a real estate forum is the place to preach dated (and disproven) theories about the status of the French language.
  14. 1215 Crescent - 11 étages

    The redeeming aspect of this rendering is the base. I'm sure some beautiful townhomes were torn down to make way for that parking lot, so it's nice to see some version of them brought back
  15. Union - 17 étages

    It will definitely enhance the YOO - but is this already under construction?