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Restaurant Hélène-de-Champlain - 16M$
un sujet a posté ErickMontreal dans Projets oubliés et/ou en suspens
Repairs to Hélène de Champlain building force eatery to shut Restaurant's owner plans to close it down when lease expires at end of 2009 ALAN HUSTAK, The Gazette Published: 8 hours ago The building that houses the Hélène de Champlain restaurant on Île Ste. Hélène needs massive repairs, and the restaurant will close for good in 16 months when its lease expires. Pierre Marcotte, the French- language television personality who has leased the red sandstone building from the city since 1983, says the property needs between $3 million and $5 million in repairs. "We have no choice but to close," he said. "The city has decided not to renew its lease after 2009 in order to undertake the repairs. That could take a year or more to complete. The electrical and heating systems are outdated, and major repairs to the building itself are necessary." Initially meant to be a sports pavilion, the island chalet was built during the Depression as a Quebec government make-work project. It was designed by Émile Daoust to resemble a Norman château, and the grounds were landscaped by Frederick Todd. It was turned over to the city in 1942 and in 1955 became a municipal restaurant, but didn't get a liquor licence until 1960. In 1966, Mayor Jean Drapeau had the building redone as the official residence for Expo 67's Commissioner-General, Pierre Dupuy. It also had a hall of honour next to the main dining room that was used by Drapeau as a reception centre for visiting dignitaries and heads of state. The reception for French President Charles de Gaulle was held in the chalet after he delivered his controversial "Vive le Québec libre" speech. Even though the restaurant proved to be a money-loser, Drapeau kept its five dining rooms open until 1977, when they were closed because of a labour dispute. They reopened in 1981. Marcotte said he does not plan to renew his lease, and no one is certain what will happen to the building once the repair work is done. In the past, there has been talk of converting the site into a hotel for high rollers at the Montreal Casino. ahustak@ thegazette.canwest.com -
Business vacancies skyrocketing in Montreal’s West Island
un sujet a posté nephersir7 dans L'actualité
http://globalnews.ca/news/1895026/business-vacancies-skyrocketing-in-montreals-west-island/ -
Canada may be a hotspot for retail expansion, but lease costs in the country’s fanciest downtown shopping districts are still a relative bargain compared to other global centres. Toronto’s Bloor Street area was the priciest in Canada at $291.66 (U.S.) a square foot, according to Colliers International. Toronto is the only Canadian city to make the Top 50 in the report, coming in as the world’s 37th most expensive retail leasing market. The most expensive space in the world can be found on Fifth Avenue in New York, where lease costs are $2,150 a square foot – gaining 70 per cent over last year. The top five is rounded out by Hong Kong’s Russell Street ($1,510, up 25 per cent), Paris’s Avenue des Champs-Elysees ($1,310, unchanged), London’s Old Bond Street ($962, unchanged) and Zurich’s Bahnhofstrasse ($955, up 14.2 per cent). Ste-Catherine Street West in Montreal was the second most expensive Canadian location, at $204.15, a drop of 4.5 per cent. Saskatoon saw the biggest jump in Canadian lease rates, with Broadway Avenue gaining 25 per cent to $34.03. Other Canadian sites included: Calgary’s Uptown 17th Avenue at $53.47 (down 26 per cent), Downtown Edmonton at $43.75 (unchanged), Halifax’s Sprig Garden Road at $48.61 (unchanged), Ottawa’s Byward Market at $38.89 (down 20 per cent), Vancouver’s Robson Street at $194.44 (unchanged) and Victoria’s Government Street at $53.47 (unchanged). “After two successive years of lackluster growth, the world’s top retail streets once again regained their vitality, as reflected by a general rise in rents in many of the world’s premier shopping districts,” the report states. “As the lingering effects of the global downturn faded during the latter half of 2010, rising demand for the world’s most prime retail real estate was evident in many countries as many new retailers sought to establish a foothold in the world’s most prestigious avenues.” http://www.theglobeandmail.com/report-on-business/canadas-retail-space-still-a-deal-report/article2050037/
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CN sells Montreal station for $355-million Reuters September 19, 2007 at 5:26 PM EDT VANCOUVER — — Canadian National Railway Co. [CNR-T]agreed Wednesday to sell its Central Station complex in Montreal to Homburg Invest Inc., [HII.A-T]but will keep its headquarters in the facility. CN Rail said it expects to get $355-million for the downtown Montreal property, and will lease back the 17-storey office building that houses its headquarters. The sale and long-term lease deal will also allow the station's passenger facility to continue being used by commuter trains, Via Rail Canada and Amtrak, Canadian National said. Canadian Pacific Railway Ltd. announced last month that it also wants to sell its Windsor Station in Montreal as part of a plan to monetize the value of its real estate assets. -
Ste. Catherine St. has top lease rates Tied with Bloor St. in Toronto. Most expensive retail corridors in Canada By LYNN MOORE, The Gazette June 8, 2010 Toronto's Bloor St. and Montreal's Ste. Catherine St. are Canada's most expensive retail corridors, according to Colliers International's 2010 Global Retail Report, released yesterday. Ste. Catherine St. is tied in 32nd position with Toronto's Bloor St. on the global list of shopping hot spots. Merchants in the two most popular Canadian shopping areas pay an average lease rate of $300 per square foot, according to the report. The 2010 Winter Olympic festivities in Vancouver were not enough for the city's marquee retail stroll -Robson St., with its average rate of $200 per square foot -to overtake Toronto and Montreal's premier retail streets on the list. Jim Smerdon, director of retail and strategic planning with Colliers, said the retailers themselves set the lease rates according to the importance of the location. "The hallmark of strong retail streets is a blend of the size of the market, things like accessibility and parking, and a host of intangibles such as the history of the street as a commercial destination," he said. Even though Toronto is larger than Montreal and the commercial capital of Canada with more head offices and wealthy residents, it's not surprising that Ste. Catherine St.'s shops can command the same rent, Smerdon said. Ste. Catherine St., which is often thick with pedestrians night and day, is an experience, he acknowledged. "Montreal is more of a destination for shoppers than Toronto is ... and Ste. Catherine is more of a lifestyle experience," he said. In 31st spot on the Colliers list was Honolulu's Kalakaua Ave. and 33rd spot was occupied by Amsterdam's Kalverstraat. The report shows that Canada's most exclusive streets are a bargain compared with the world's priciest, in such places as Paris, New York, Hong Kong and London, where rates per square foot exceed $1,000. Topping the list was the Champs Elysees in Paris, with an average lease rate of about $1,256. All figures in the report are in U.S. dollars. The information comes from surveys and material supplied by Colliers staff in 61 countries, Smerdon said. lmoore@thegazette.canwest.com © Copyright © The Montreal Gazette Read more: http://www.montrealgazette.com/business/Catherine+lease+rates/3125235/story.html#ixzz0qXanL7Xi
