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Russell

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  • Location
    vieux montreal
  • Intérêts
    football, hockey, immobilier
  • Occupation
    courtier immobilier

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  1. I passed by here two weekends ago and compared it versus Time Out Market. While Time Out has a great diversity of restaurants, and differentiates against the usual food court fare, it is still a food court, just a classy one with replaceable vendors who have non-distinguishable signage. No surprise it is backed by institutional capital with low risk tolerance. The Central is a genuine food hall. It is a better version of the Dekalb Market in Brooklyn or a modernized version of San Telmo in Buenos Aires. Between the counter seating to the exposed MEP/HVAC and the geometrically diverse spaces, it feels and is authentic. It should be busy weekdays and at night, activating the area. SDA swung for the fences and hit a home run. Both will do well as they are improvements to the norm. They complement each other for different clientele. But when i visit montreal, i am only stopping at one food hall. Looking forward to seeing what PVM does to amplify the offering.
  2. This building cannot come down quickly enough. Westmount always needed a little gentrification LOL
  3. The curtain wall on Bleury is pretty atrocious. I know its for a hotel...but really. is this the best they could do?
  4. Brivia going big. I mean when they bought the dirt on Rene-Levesque everyone said Brivia-who? Give Kheng Ly total credit for taking a massive bet on Montreal when it was incredibly unpopular to do so. They have refined their sales tactics over time and delivered architecturally appealing residential towers to downtown Montreal. Excited to see their vision revealed. This site is not easy to develop so lets hope there are 1150 residential users ready to move in.
  5. I expect that this project is due to Cominar relinquishing control and bringing in a capable developer to construct the tower. They have a very disciplined and non-egotistical CFO (Heather Kirk) and a 100% interest would be too risky for even their balance sheet. Spreading the risk and the reward is a smart move.
  6. Bentall Kennedy the owner of the site will certainly develop this property as rental apartments. They also have the right to demolish, partially demolish or over-build the larger-floor plate property where Herzing College is located - i know first hand that the rent is very low for the college and other parts of that building. Total allowable density is in the range of 200,000 - 350,000 sf subject to what they maintain. The park in the front may still be maintained if they only do an over-build structure, however they could also create a new street-wall that encourages commercial space with higher pedestrian traffic. When Bentall acquired the site in 2012 they attributed value to the potential density. That density has since become significantly more valuable and now they are prepared to act. No doubt that they will construct a modern property that interfaces elegantly with the Grey Nuns property.
  7. I think for this petition to gain force the City of Longueuil will need to revisit its urban plan and demonstrate how it will densify the stations and perhaps utilize value-capture to pay for its extension. based on its current population, the area served by this line does not justify a public subsidy.
  8. This project will likely be a twin-tower rising over a podium base. Could be both condos or rental + condo. Maximum density is 921,000 SF and max heights of 40 storeys.
  9. Great looking project. Maybe with the proceeds the Domtar folks will re-clad their 1960's brutalist building.
  10. i think it is pretty clear that the bridge wellington station services the baseball stadium that coderre wants to build on the Canada Lands site. but there should also be a station at Ottawa/Wellington to service cite multimedia and local residents from McGill to de la Montagne who want to head north into DT.
  11. Additionnelle is moving over...bigger store and cheaper rent.
  12. the site was sold to the pointe-zero group from tidan. big number so they will need to do something large or of high quality to justify the price tag.
  13. These organizations have a point, that the relocation of RC from la cite des ondes and pulling the other broadcasters with them will be devastating economically to the Centre Sud borough. Unfortunately, Radio-Canada represents all Canadians and does not exist for the sole economic benefit of the Centre-Sud borough in the same way Bombardier does not exist to create jobs for Mirabel or Ville Saint-Laurent. As such, the borough and related organizations in concert with the City of Montreal should be coming up with innovative ways to retain the public broadcaster within the borough, such as buying the land from RC and redeveloping it in a profitable way, while finding them a suitable site on publicly owned land or expropriated land around Papineau or Frontenac metro stations. There was an RFP, pity if they did not formulate a response.
  14. i guess affordable housing cannot afford to provide windows to its residents. this is quite bad.
  15. Russell

    950 Beaumont - 6 étages

    a couple comments on this thread: all real estate professional call the area midtown. it effectively wraps around the mountain. after that we have laval, west island (or split between St-Laurent and the Deep West), east end, north shore and south shore. the politicians of st-henri really dropped the ball here. the 450 jobs would have generated massive economic spin and spurred local housing growth and higher property taxes, and frankly it is sad that the architecture on beaumont has been dumbed down to accommodate a cheap call center operation. unfortunately no one really wants to live along beaumont, and i doubt the employees are going to be kids living with their parents in TMR. mark_ac...one of the principal drivers of the relocation of back office financial services out of downtown is a combination of functions where there is no client facing activities and much higher city taxes...the UDI has an interesting report on the increase of taxes and the effective lack of increase in net rents to drive property values. Fast forward a few years and taxes in "midtown" will catch up as the area gentrifies, then the overall gross rent gap will shrink between downtown and midtown and other client-facing companies may head back downtown where the amenities are superior & concentration of businesses (clients) higher. no need to panic here, just supply and demand working invisibly.
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