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  1. UrbMtl

    Gare Viger

    10 décembre 2013 Merci à MTLskyline pour cette découverte : http://forum.skyscraperpage.com/showthread.php?t=146803&page=120
  2. Stage is set for Montreal to grow as a technology startup hub BERTRAND MAROTTE MONTREAL — The Globe and Mail Burgeoning tech companies are on the rise in Canada, attracting funding and IPO buzz in hubs across the country. Our occasional series explores how each locale nurtures its entrepreneurs, the challenges they face and the rising stars we’re watching. Montreal provides an ideal setting for the early care and feeding of tech startups. The city boasts a lively cultural milieu, a party-hearty mindset, cheap rents and a bargain-priced talent pool. ALSO ON THE GLOBE AND MAIL MULTIMEDIAStartup city: The high-tech fever reshaping Kitchener-Waterloo What it doesn’t have, though, is sufficient critical mass to propel promising tech companies forward in their later stages. Case in point: VarageSale Inc., the mobile app and listings marketplace that serial entrepreneur Carl Mercier co-founded with his wife Tami Zuckerman three years ago. Mr. Mercier and Ms. Zuckerman were quite content in the early going with the Montreal zeitgeist and support from the city’s tightly knit startup community as they nurtured their baby, a combination virtual garage sale, swap meet and social meeting place. But as VarageSale took off, the burgeoning company was no longer able to feed its growth relying only on Montreal resources. Mr. Mercier eventually opened an office in Toronto to tap into the wider and deeper software-developer talent pool in the Toronto-Waterloo corridor and he ultimately decided to move the head office to the Queen City. “We were growing extremely fast. We were hiring like gangbusters in Montreal but we needed to hire even faster, so we decided we needed two talent pools, but Toronto ended up growing faster than Montreal,” Mr. Mercier explains. “Occasionally, we will hire people in Montreal. “There’s a vibrant startup scene [in Montreal]. It’s not a big startup scene but it’s a vibrant one,” he adds. “There is lots of activity, a lot of events, a lot of early-stage capital. Startups can get off the ground cheaply and quickly.” It’s the later stages that present problems, according to successful local entrepreneur and angel investor Daniel Robichaud, whose password-management firm PasswordBox Inc. was bought last year by U.S. chip giant Intel. “Montreal is a terrific place to build a product but it’s not where the action is. It’s not a place to raise funding,” Mr. Robichaud said in a recent industry conference presentation. Montreal startup founders often find themselves having no choice but to move to bigger playgrounds because of a still-embryonic domestic investor scene, says Université de Montréal artificial intelligence researcher Joshua Bengio. The startup sphere in Montreal is “quite active, but the investors are too faint-hearted and short-term oriented, and so the developers often go elsewhere, particularly California and New York,” he said. In true Quebec Inc. fashion, the provincial government and labour funds have stepped in to fill the gap of funding homegrown companies. A key player is Teralys Capital, a fund manager that finances private venture capital funds that is backed by a score of provincial players – including the mighty pension fund manager Caisse de dépôt et placement du Québec, the labour fund Fonds de solidarité FTQ and Investissement Québec – said Chris Arseneault, co-founder of Montreal-based early-stage venture capital firm iNovia Capital. “They’ve been the most creative groups to try and put money at work,” he says about Teralys and its backers. Startup directory BuiltinMtl, has about 520 Montreal startups listed (excluding biotechs, film-and-tv-production houses or video-game developers). The actual number is probably closer to a “few thousand” if very early-stage startups still under the radar are included, according to Andrew Popliger, senior manager in PricewaterhouseCooper’s Assurance practice. Data from the Canadian Venture Capital and Private Equity Association indicate venture capital firms invested $295-million in Quebec last year – just 15 per cent of the Canadian total – compared with $932-million in Ontario and $554-million in B.C. Most insiders and observers agree that what works in the Montreal tech “ecosystem” is a strong sense of community. There is a spirit of collaboration and collective vision. Notman House, a repurposed mansion adjacent to Sherbrooke Street’s famous Golden Square Mile, which sits at the crossroads of the city’s tech startup scene, rents office and workstation space, stages events, and acts as an incubator and networking locale and launch pad for budding companies seeking their big break. It represents everything that makes Montreal distinct in the North American startup sphere, says Noah Redler, the venue’s campus director. “We’re not just an incubator. We’re a community centre. We bring people together and collaborate. People are supported and surrounded by [successful] entrepreneurs,” he said. “There are more startups in the Waterloo area but there is more of a community feeling in Montreal,” says Katherine Barr, the Canadian-born co-chair of C100, a Silicon Valley expat group that helps connect Canadian entrepreneurs with U.S. investors. “They’ve built a real community here. Like Silicon Valley, its co-opetition, both competing and helping each other,” Ms. Barr said during a break at AccelerateMTL, an annual conference that brings together “founders and funders.” There may not be as great a number of head offices as in Toronto but the potential for big breakthroughs in Montreal is impressive, says John Ruffolo, chief executive officer of OMERS Ventures, the venture arm of the Ontario Municipal Employees Retirement System. “For Montreal, it’s only a matter of time. They’re going to have their Shopify,” he says in reference to the Ottawa-based e-commerce platform that has become a stock market star. For now though, Montreal may have to settle for being a relatively small player and modest incubator of talent and ideas on the North American startup scene, even compared with Vancouver and Toronto.
  3. Bay Street still has Canada’s most expensive office space http://renx.ca/bay-street-still-canadas-expensive-office-space/ Bay Street in Toronto has the most expensive office space in Canada, and no other city comes close to matching the $68.52 per square foot average rent that’s being asked for in the heart of the country’s financial district. JLL Canada recently released its “Most Expensive Streets for Office Space” report, which ranks Canadian cities by their highest asking rents. It shows many companies are still willing to pay a premium for the most expensive spaces, and competition is growing to get into prominent financial, retail and government hubs. “The most significant trend that we are seeing across major markets is that there are a large number of new developments underway,” said JLL Canada president Brett Miller. “Although we have only seen minor changes to the top market rents thus far in 2014, we anticipate that as the new inventory comes to market, overall rents will decrease in the older class-A stock whilst headline rents in new developments may raise the top line rents.” Here are the most expensive streets in nine major Canadian cities 1. Bay Street, Toronto, $68.52 per square foot Bay Street held strong in first place for the fourth year running. It features the headquarters of major Canadian banks and is home to many investment banks, accounting and law firms. Brookfield Place, at 161 Bay St., continues to command the highest office rents of any building in Canada at $76.54 per square foot. The average market rent in Toronto is $34.82 per square foot. (Bay St. looking north from Front St. shown in the image,) 2. 8th Avenue SW, Calgary, $59.06 per square foot 8th Avenue SW again has the highest average gross office rents in Calgary. Large vacancies and availabilities along this corridor typically account for significant activity and command market-leading rates. Large oil and gas companies have historically clustered around the central business district in this area. The top rent on the street is $64.40 per square foot and the average market rent in Calgary is $46 per square foot. 3. Burrard Street, Vancouver, $58.87 per square foot Burrard Street has dropped to third place despite a slight increase in average asking rent from $58.47 in 2013. Approximately 18.3 per cent of downtown class-A office supply is located on Burrard Street between West Georgia Street and Canada Place. The vacancy rate in these six buildings sits at 1.6 per cent, which justifies this location commanding some of the highest rental rates in the city despite the impending influx of new supply that’s putting downward pressure on rents throughout the central business district. The top rent on the street is $66.06 per square foot and the average market rent in Vancouver is $38.81 per square foot. 4. Albert Street, Ottawa, $52.10 per square foot Albert Street remained in fourth position with average rents decreasing slightly from $53.40 per square foot. Albert Street is mainly home to government-related office towers, including numerous foreign embassies, and a few of the largest Canadian business law firms. There seems to be a wait-and-see approach in anticipation of the 2015 federal election regarding the government’s intentions to lease or return more space to the market. The top rent on the street is $53.54 per square foot and the average market rent in Ottawa is $30.90 per square foot. 5. 101st Street NW, Edmonton, $46.71 per square foot The average asking rent dropped from $48.19 per square foot, but 101st Street NW is expected to remain the most expensive in Edmonton with the recent commitment to build the arena district, a large-scale, mixed-use project incorporating the city’s new National Hockey League arena. This is expected to revitalize some of the most important corners on the street. The top rent on the street is $54.15 per square foot and the average market rent in Edmonton is $28.30 per square foot. 6. René-Lévesque W, Montreal, $44.28 per square foot The average gross rent on the street hasn’t changed significantly year over year, but the total value of tenant inducement packages has nearly doubled. The most expensive building on the street (1250 René-Lévesque W) rents for $52.76 per square foot but has seen some downward pressure of two to four dollars on its net rent due to 170,000 square feet of vacant space left behind by Heenan Blaikie. The average market rent in Montreal is $30.38 per square foot. 7. Upper Water Street, Halifax, $36.42 per square foot Upper Water Street has maintained seventh place despite its average asking rent dropping from $36.65 per square foot last year. New construction coming on stream is expected to put downward pressure on rents in existing office buildings. The top rent on the street is $36.62 per square foot and the average market rent in Halifax is $27.44 per square foot. 8. Portage Avenue, Winnipeg, $35.67 per square foot Portage Avenue held strong in eighth place, with its average rent increasing from $35.17 per square foot. The class-A market remains tight and is expected to remain so through 2015. The top rent on the street is $37.32 per square foot and the average market rent in Winnipeg is $23.62 per square foot. 9. Laurier Boulevard, Québec City, $27.50 per square foot Laurier Boulevard held its ninth-place position despite the average rent dropping from $28.14 per square foot. There’s been no notable increase in the average gross rent and the vacancy rate on the street remains low at 5.2 per cent compared to the rest of the market’s 7.8 per cent. The top rent on the street is $28.98 per square foot and the average market rent in Québec City is $21.89 per square foot. JLL manages more than 50 million square feet of facilities across Canada and offers tenant and landlord representation, project and development services, investment sales, advisory and appraisal services, debt capital markets and integrated facilities management services to owners and tenants.
  4. Le Groupe Le Parc is moving ahead with phase 2 of their retirement residences, corner Viau and Jarry. 8 storey building will be erected. The sales office trailer is installed and the signs are up. =================================================================================================
  5. jesseps

    RBC WaterPark Place

    http://business.financialpost.com/2011/10/14/rbc-trades-bay-street-for-bay-view/ They are going to have a nice new place.
  6. http://www.montrealgazette.com/business/sale+city+buildings+prime+spots/5275338/story.html By Allison Lampert, The Gazette August 18, 2011 10:08 PM The former H.L. Blachford Ltd. manufacturing building at 977 Lucien L'Allier St. was purchased for $6.8 million in 2000 MONTREAL - The real-estate arm of the city of Montreal is poised to sell two buildings in prime downtown locations that have been sitting half-empty for years, The Gazette has learned. The two buildings, located near the Bell Centre, are among hundreds of thousands of square feet of downtown Montreal real estate that has recently changed hands – or is to be sold off – for new office and residential projects, at a time when land prices have reached all-time highs. The buildings, which are to be put up for tenders this year by the Société d’habitation et de développement de Montréal, are located on sites originally destined for the third phase of Quebec’s ill-fated E-Commerce Place. Quebec’s Department of Finance mandated the SHDM to manage the buildings it bought for close to $7.9 million in 2000. “We want to put them for sale by the end of the year,” said Carl Bond, director of real estate management for the SHDM, a paramunicipal organization that owns and manages affordable housing units, along with several commercial buildings. “Those buildings will be sold, but we need an authorization from the (Department) of Finance.” Located at 977 Lucien l’Allier, and 1000-1006 de la Montagne St., south of René Lévesque Blvd., the buildings were initially slated to be demolished to make way for gleaming office towers. They were to be the last part of the 3-million-square foot Parti Québécois-supported project that was later scrapped by the Liberal government in 2003. The 24,000-square-foot site north of the Lucien l’Allier métro station was purchased from manufacturer H.L. Blachford Ltd. for $6.8 million in 2000 – far above the building’s 2011 municipal evaluation of $4.5 million. The disparity between the sales price and the current evaluation, an SHDM spokesperson explained, is because the land was to be used for a lucrative office tower, worth far more than a four-storey manufacturing plant. The two buildings have taken a long time to come to market. That’s because Blachford had a lease at the building until this spring when it ceased operations, Bond said. A travel agency is still operating at the building on de la Montagne, part of which is in a decrepit state. What’s more, the SHDM is now embroiled in legal talks with Blachford over the cost of cleaning up the building, which is contaminated. “Right now the lawyers are talking and we’re hoping to settle this out of court,” Bond said. But some commercial brokers say the SHDM lucked out in waiting. The buildings, they said, would be ideal for residential development at a time when new condos are being constructed in record numbers and downtown land is selling at a premium. “In terms of timing, it’s better to go to the market today,” said Louis Burgos, senior managing director, Cushman & Wakefield, Montreal. Today, land in the downtown area is being sold for $250 to $350 per square foot, brokers say, depending on the level of building density, or how much can be developed overall on the site. The SHDM’s two buildings won’t be coming to market alone. Another three sites have either traded hands, or are to come to market this year for the purpose of development. In late July, a site of Overdale Ave., an estimated 140,000-square-foot plot on the south side of René Lévesque Blvd, beside Bishop St., was sold by a company based out of a Sherbrooke St. West art gallery run by director Robert Landau for $28 million, provincial records show. The buyer is a numbered company owned by investor Kheng Li, who is a partner of E. Khoury Construction Inc. A worker at Khoury who didn’t want to be identified, said the site could be used for either residential or office development. And in April, Cadillac Fairview Corp. Ltd. announced a $400 million investment for an office and three condo towers to be built near the Bell Centre, on Saint Antoine and de la Montagne Sts. Yet a fifth land site near the Bell Centre is to be put on the market next week, The Gazette has learned. The price these sites will fetch will depend on a combination of zoning and market demand. The red-tape Montreal developers have historically faced in obtaining zoning changes to built higher — and more economically viable buildings — may be easier to deal with if the seller is a city agency, brokers say. [email protected] http://www.twitter.com/RealDealMtl Read more: http://www.montrealgazette.com/business/sale+city+buildings+prime+spots/5275338/story.html#ixzz1VRFi0FYh
  7. monctezuma

    Apple new HQ

    Foster’s Apple Headquarters Exceeds Budget by $2 Billion © Foster + Partners, ARUP, Kier + Wright, Apple The estimated cost of Apple’s Cupertino City headquarters has escalated from an already hefty price of $3 billion to $5 billion (more than $1,500 per square foot), reportedly pushing back the original completion date to 2016. According to Bloomberg, Apple is working with lead architect Foster & Partners to shave $1 billion from the “ballooning budget”. Most of the cost is seemly due to Steve Job’s “sky-high requirements for fit and finish”, as the tech legend called for the 2.8 million square foot, circular monolith to be clad 40-foot panes of German concave glass, along with its four-story office spaces be lined with museum-quality terrazzo floors and capped with polished concrete ceilings. Although lambasted for his ambitious plans and “doughnut-shaped” design, Steve Jobs wanted to create a masterpiece that looked as good as it functioned, just like his products. During a 2011 presentation to the Cupertino City Council, Jobs stated, “This is not the cheapest way to build something… there is not a straight piece of glass in this building.” He continued, “We have a shot… at building the best office building in the world. I really do think that architecture students will come here to see it.” © Foster + Partners, ARUP, Kier + Wright, Apple The spaceship-like headquarters, as Jobs would describe, is intended to accommodate more than 12,000 employees. It will be one of six visible structures planned for the 176 acre parcel - including the headquarters, a lobby to a 1000-seat underground auditorium, a four-story parking garage near Interstate 280, a corporate fitness center, a research facility and central plant - all of which will be accessed by a network of underground roads and parking lots, hidden by 6,000 trees. In addition, Jobs envisioned the campus to achieve “net-zero energy” by offsetting energy use with 700,000 square feet of rooftop solar panels (enough to generate 8 megawatts of power), along with additional contracts for solar and wind power, climate responsive window dressings, and more (additional project information, including plans and images, can be found here). © Foster + Partners, ARUP, Kier + Wright, Apple Despite the cost, Bloomberg states, “There’s no indication that Apple is getting cold feet.” Site excavation is planned to commence in June. In related news, Facebook’s quarter-mile-long West Campus by Frank Gehry was just awarded approval from city council. All the details here. Reference: Bloomberg
  8. The Saudi capital is unlikely to become an alternative to Dubai any time soon May 11th 2013 | RIYADH |From the print edition THE glass-clad skyscrapers are reaching ever higher into Riyadh’s dusty sky. The first tenants are due to move to the King Abdullah Financial District in the Saudi capital’s north-west later this year. But they may well find it a lonely place: enthusiasm is clearly lacking for the development, which boasts 42 buildings and 900,000 square metres of office space—similar in scale to London’s Canary Wharf. Granted, new office districts often take time to come to life. Canary Wharf had to battle against sceptics for many years before becoming the success it is today. But it is unclear how Riyadh’s new district will develop into what it is meant to be: a sober Saudi alternative to Dubai’s exuberant International Financial Centre. To date just 10% of the district’s office space has been leased; tenants will include the country’s stockmarket regulator, the Capital Markets Authority, and one large local bank, Samba. A further 10% is under negotiation, according to sources close to the developers of the project. A big problem is its size. The Saudi economy may be doing well on the back of high oil prices, but not so well that its businesses could easily digest all the extra property. The new financial district has three times as much high-end office space as the rest of Riyadh. In other words, even if every company in the city’s plusher offices moved to the new district it would still be two-thirds empty. Costs are another hurdle. “It might be prestigious but why should I pay an arm and a leg to be there?” asks a local executive. Some banks, like Arab National Bank and Al Rajhi Bank, are building new towers elsewhere. Even the Saudi central bank is thought to be staying where it is. But if banks do not fill the space, then who will? Accountants, lawyers and insurance firms are not nearly numerous enough. They also remain to be convinced of the development’s merits. “There’s going to be all those towers, but for what? It looks like an overbuilt proposition,” says a Riyadh lawyer. Nor are foreign firms likely to be of much help. Riyadh may be the centre of the region’s biggest economy, boasting more people and oil revenues than anywhere else. But unlike Dubai, as a financial centre the city is inward-looking, with banks largely servicing the domestic economy. That, as well as a lack of cultural life, prevent it from becoming a regional financial hub. Yet at some point the new district may still serve its purpose. The owner has pockets deep enough to take the long view. The project was the brainchild of the Capital Markets Authority, with support from the Public Pensions Agency. One of the agency’s subsidiaries, the Rayadah Investment Company, has taken over the development, which is estimated to cost between $7 billion and $10 billion. More important, so many near-empty buildings will be a political embarrassment, in particular since the new district carries the king’s name. Authorities may yet lean on the banks to move. Optimism and market forces alone will certainly not be enough to fill all the space. From the print edition: Finance and economics http://www.economist.com/news/finance-and-economics/21577424-saudi-capital-unlikely-become-alternative-dubai-any-time-soon-empty?frsc=dg%7Cc
  9. http://www.citylab.com/politics/2014/07/paris-wants-landlords-to-turn-vacant-office-space-into-apartmentsor-else/374388/ Paris Wants Landlords to Turn Vacant Office Space Into Apartments—Or Else The city has a surplus of empty commercial buildings that could better serve as residences. And it plans to fine owners who don't convert. FEARGUS O'SULLIVAN <figure class="lead-image" style="margin: 0px; max-width: 620px; color: rgb(0, 0, 0); font-family: Oxygen, Helvetica, Arial, sans-serif; font-size: 17px;"><figcaption class="credit" style="color: rgb(153, 153, 153); font-size: 0.82353em; text-align: right;">Justin Black/Shutterstock.com</figcaption></figure>Leave your office space unrented and we’ll fine you. That’s the new ruledeclared by the city of Paris last week. Currently, between six and seven percent of Paris' 18 million square meters of office space is unused, and the city wants to get this vacant office space revamped and occupied by residents. The penalties for unrented space will be as follows: 20 percent of the property’s rental value in the first year of vacancy, 30 percent in the second year and 40 percent in the third year. The plan is to free up about 200,000 square meters of office space for homes, which would still leave a substantial amount of office space available should demand pick up. The city insists that, while the sums involved are potentially large, this isn’t a new tax but an incentive. And, if it has the right effect in getting property re-occupied, may end up being little-used. Landlords' groups are taking the new plan as well as can be expected. They’ve pointed out that, while the cost of the fines might be high, it could still cost them less to pay them than to convert their properties to homes. According to a property investor quoted in Le Figaro, the cost of transforming an office into apartments can actually be 20 to 25 percent more expensive than constructing an entirely new building. Many landlords might be unwilling or unable to undertake such a process and thus be forced to sell in a market where, thanks to a glut of available real estate, prices are falling. There is also the question of how easy the law will be to enforce: Landlords could rent out vacant properties at a token rent simply to avoid the vacancy fine. <aside class="pullquote instapaper_ignore" style="font-family: Bitter, Georgia, 'Times New Roman', serif; font-size: 2.11765em; line-height: 1.05556; border-top-width: 5px; border-top-style: solid; border-top-color: rgb(0, 0, 0); border-bottom-width: 1px; border-bottom-style: solid; border-bottom-color: rgb(0, 0, 0); padding: 25px 0px; margin: 30px 0px;">As Paris becomes a laboratory for new legislation to make homes more plentiful and affordable, other European cities would do well to watch it carefully. </aside>It’s too early to see if these predictions will come true, but past experience in smaller French property markets suggests it won’t. The fines have already been introduced elsewhere in France: in the country’s fourth city of Lille (governed by the Socialist party) and in the Parisian satellite town of St Quentin-en-Yvelines (governed by the right wing UMP). So far, neither has experienced a legislation-exacerbated property slump. It’s also fair to point out that Paris is asking for a round of belt tightening from pretty much every group involved in the city’s real estate. The new levy is part of a plan announced last month that will also pressure state and semi-public bodies to release Parisian land for home building. Paris has some fairly large reserves of this, including space currently owned by the state health authority, by the national railway network and by the RATP—Paris’ transit authority, on whose unused land alone 2,000 homes could be built. In the meantime, stringent planning laws are also being relaxed to cut development costs for office converters. They will no longer, for example, be obliged to provide parking spaces for new homes, as they had been until the law change. Finally, starting next year, landlords will get an incentive to rent their properties to financially riskier lower-income tenants by having their rents and deposits guaranteed by a new intermediary, a public/private agency called Multiloc. Coming on top of laws that have relaxed building-height restrictionson the Paris periphery, it’s clear that, for Paris developers and landowners, there’s a decent ratio of carrot to stick. But will it all work? At the very least, Paris deserves recognition for being proactive, especially on a continent where many cities’ grip on the property sector is floundering. Berlin has recently had major new homebuilding plansrejected by residents (for good reason—they were due to get a bad deal), while the U.K.’s number of newly built homes has actually gone down, despite property prices continuing to rise sharply. As Paris becomes a laboratory for new legislation to make homes more plentiful and affordable, other European cities would do well to watch it carefully. (Photo credit: Justin Black/Shutterstock.com)
  10. http://nymag.com/homedesign/urbanliving/2012/hudson-yards/ Atop the 1,300-foot office tower, soon to rise at 33rd Street and Tenth Avenue, by Kohn Pedersen Fox Associates. Photo: Rendering by Visualhouse From 0 to 12 Million Square Feet In a few weeks, construction begins on New York’s largest development ever. Hudson Yards is handsome, ambitious, and potentially full of life. Should we care that it’s also a giant slab of private property? An exclusive preview. By Justin Davidson Published Oct 7, 2012 ShareThis On a Friday afternoon in September, a conclave of architects and real-estate executives gathers in a hotel conference room to look over plans for Manhattan’s largest remaining chunk of emptiness. Hudson Yards, the railroad depot that stretches from Tenth Avenue to the Hudson River, and from 30th to 33rd Street, barely registers on the mental map of most New Yorkers. Look down from a neighboring window, and you see only a pit full of trains hazed with their diesel fumes. The planners’ view, though, takes in sugarplum dreams of the city’s shiny next wing: an $800 million concrete roof over the yards, and above it the country’s largest and densest real-estate development: 12 million square feet of *offices, shops, movie theaters, gyms, hotel rooms, museum galleries, and open space, and 5,000 apartments, all packed into 26 acres. In the first, $6 billion phase—scheduled for completion by late 2017—the tallest tower will top the Empire State Building, and even the shortest will have a penthouse on the 75th floor. The people in the conference room can visualize that future in high-resolution detail. On the screen, digital couples stroll among trees pruned to cubical perfection. A chain of glowing towers garlands the skyline, and tiny figures stroll onto a deck hanging nearly a quarter-mile in the air. Architects discuss access points, sidewalk widths, ceiling heights, flower beds, and the qualities of crushed-stone pathways. You could almost forget that none of this exists yet—until one architect points to a lozenge-shaped skyscraper and casually, with a twist of his wrist, remarks that he’s thinking of swiveling it 90 degrees. The Related Companies, the main developer of the site, has called this meeting so that the designers of the various buildings can finally talk to each other, instead of just to the client. I’m getting the first look at the details at the same time some of the participants are. Suddenly, after years of desultory negotiations and leisurely design, the project has acquired urgency: Ground-breaking on the first tower will take place in the coming weeks. There’s a high-octane crew in the room: William Pedersen, co-founder of the high-rise titans Kohn Pedersen Fox Associates; David Childs, partner at the juggernaut Skidmore Owings and Merrill; Elizabeth Diller, front woman for the cerebral boutique Diller Scofidio + Renfro; *David Rockwell, a virtuoso of showbiz and restaurant design; Howard Elkus, from the high-end shopping-center specialists Elkus Manfredi; and landscape architect Thomas Woltz, the only member of the group new to New York real-estate politics. Their task is to compose a neighborhood from scratch. The success of Hudson Yards depends on the question: Can a private developer manufacture a complete and authentic high-rise neighborhood in a desolate part of New York? “This isn’t just a project; it’s an extension of the city,” says Stephen Ross, Related’s founder and chairman. New York has always grown in nibbles and crumbs, and only occasionally in such great whale-gulps of real estate. In the richest, most layered sections of the city, each generation’s new buildings spring up among clumps of older ones, so that freshness and tradition coexist. A project of this magnitude, concocted around a conference table, could easily turn out to be a catastrophe. The centrally planned district has its success stories—most famously, Rockefeller Center. Coordinated frenzies of building also produced Park Avenue, Battery Park City, and the current incarnation of Times Square. But this enterprise is even more ambitious than any of those, and more potentially transformative than the ongoing saga of the World Trade Center. New York has no precedent for such a dense and complex neighborhood, covering such a vast range of uses, built in one go. That makes this Ross’s baby. Hundreds of architects, engineers, consultants, planners, and construction workers will contribute to the finished product. Oxford Properties Group has partnered with Related, and the city dictated much of the basic arrangement. But in the end, how tightly the new superblocks are woven into the city fabric, how organic their feel, and how bright their allure will depend on the judgment and taste of a billionaire whose aesthetic ambitions match the site’s expanse, and who slips almost unconsciously from we to I. “We went out and selected great architects and then created a whole five-acre plaza,” Ross says. “People will have never seen such a world-class landscaping project. I can’t tell you what that plaza will look like, but what I visualize is a modern-day Trevi Fountain. It’s going to be classical and unique.” The best clue to what he has in mind isn’t in Rome, but at Columbus Circle. Ross lives and works in the Time Warner Center, which Related built, and if you imagine the complex blown out to five times its size, you begin to get a sense of what’s coming at Hudson Yards: crowds flowing from home to boutique, hotel to subway, office to spa, concert to restaurant—and all that activity threaded around and through a curving plaza equipped with fountains and a very tall monument, as yet unchosen. The Time Warner Center brought profitable liveliness to Columbus Circle, the once moribund, now vibrant hinge between midtown and the Upper West Side. But massive as it is, the Time Warner Center is dainty by comparison. Hudson Yards circa 2017 1. This office tower, by Kohn Pedersen Fox Associates, will become Coach headquarters. 2. Apartments by Diller Scofidio +Renfro, joined by David Rockwell: condos on top, rentals below. 3. The flagship office building, also by KPF: 1,300 feet high. 4. The curvy multiuse tower by David Childs contains a hotel, condominiums, and a big Equinox gym. 5. The shopping arcade (please don't call it the mall). 6.The Culture Shed: still unrevealed, but a great big space for traveling exhibits and other events. Photo: Rendering by Visualhouse Unnumbered buildings (the western half of the development) have yet to be designed. Photo: Map by Jason Lee The view from the High Line. Photo: Rendering by Visualhouse Photo: Rendering by Visualhouse Photo: Rendering by Visualhouse Photo: Rendering by Visualhouse Photo: Rendering by Visualhouse Start on the High Line, at West 30th Street near Tenth Avenue. At the moment, the landscaped section peters out here, but the old elevated railway continues, forking both east and west to form the southern border of Hudson Yards. Eventually, you’ll be able to continue your stroll beneath the canopy of an office tower housing the headquarters of the leather-goods company Coach. It’s a tricky spot, and the interaction of city street and raised park forces the architecture to perform some fancy steps. The building genuflects toward Tenth Avenue on muscular concrete legs. Coach’s unit reaches out toward the High Line, and the crown greets the skyline at a jaunty tilt. With all its connections and contortions, the tower, designed by Kohn Pedersen Fox, assembles its identity out of the complexities of city life. “My whole career has been about taking buildings that are inherently autonomous and getting them to become social gestures,” remarks Pedersen. Head up a couple of blocks from Coach’s future headquarters, and at West 33rd Street, another KPF tower tapers from vast hoped-for trading floors to a jagged peak 1,300 feet up. A state-of-the-art office building these days requires huge open layouts and thick bundles of elevator shafts, which tend to give it the natural grace of a hippopotamus thigh. But look up: Here, the design artfully disguises the two towers’ bulk by making them seem dramatically foreshortened, as if they were speeding toward the sky. One slopes toward the river, the other in the direction of midtown, parted like stalks of corn in a breeze. The cone of space between them draws sunlight to the ground and leaves a welcome break in the city’s increasingly crowded skyline. With any luck, you should be able to stand at the foot of these towers and feel sheltered but not squashed. It would have been far easier to wall the development off and let each tower stand in isolated splendor. Instead, planners have tried to soften the borders of their domain. That’s not just civic-mindedness; it’s good business. If Hudson Yards is going to be a truly urban place, it will have to lure people who neither work nor live there but who come because everyone else does. The development will have two major magnets, one for commerce, food, and entertainment, the other for that primal necessity of New York life: culture. Related is pinning a lot of financial optimism on a five-floor, two-block-long retail extravaganza that links the two KPF towers, rather like the Time Warner Center shops, only bigger, busier, sunnier, and more tightly knit to the city. “We don’t want this to feel like a mall,” insists its architect, Howard Elkus. Pedestrian passageways cut through the building, extending the streets indoors, and a succession of great glass walls turn window-shopping into a spectator sport. The liveliness engine is on the fourth floor, where a collection of informal but high-end food outlets curated by Danny Meyer looks out over the central plaza—“Eataly on steroids” is how one Related executive describes it. Above that are more expensive restaurants and a ten-screen multiplex. Stroll out the western side of the shopping center toward the central plaza, walk diagonally across to 30th Street, halfway between Tenth and Eleventh Avenues, and you come to the most intriguing and mysterious element of Hudson Yards: the Culture Shed. Having set aside a parcel of land for cultural use, the city put out a call for ideas. Elizabeth Diller and David Rockwell answered with an amalgam of architectural and institutional innovations: a flexible gallery complex to accommodate traveling exhibits and nomadic performing events. Together, they designed an enormous trusslike shell that could fit over the galleries or roll out like a shipyard gantry to enclose a vast performance space. The city refuses to discuss architectural details, how the still-theoretical organization will function, or who would pay to build and operate it. But it’s easy to imagine it being used for film premieres and high-definition broadcasts from the Metropolitan Opera or as a permanent home for Fashion Week, which now camps out in tents. The Culture Shed can give Hudson Yards the highbrow legitimacy and cutting-edge cool it needs to become an integral part of New York, and also create a cultural corridor running from the Whitney Museum at Gansevoort Street (now under construction), through Chelsea’s gallery district, and up to Lincoln Center. The project may be in the wishful-thinking stage—it could still get scaled back or dumbed down, or it could vanish altogether. But it does have one crucial booster: the Related Companies. “The Culture Shed is critically important,” says Jay Cross, the executive who is running the Hudson Yards project. “We’re going to be major supporters because we want and need to see it come to fruition.” Hudson Yards is getting much more from the city than just the Culture Shed. While planners keep working out ways to weld the complex to its environs, the West Side has already begun to embrace its coming addition. New rental towers have sprouted in the West Thirties and burly office buildings will soon rise along Ninth and Tenth Avenues. “There are communities around us—Hell’s Kitchen, Midtown South, West Chelsea, New Jersey to the west—that if we do a great job are just naturally going to flow in and populate that space,” says Cross. The site as a whole is a yawning pit, not so much a blank slate as an empty socket, surrounded by amenities and infrastructure just waiting to be plugged in. Hudson River Park runs along the western edge (set off by Twelfth Avenue), the High Line spills in from the south, and the future Hudson Park and Boulevard will swoop down from the north. The No. 7 subway-line extension is on the way to completion, the Javits Center is being overhauled, and maybe one day Moynihan Station will even get built. In all, $3 billion in taxpayer-funded improvements encircle the Related fiefdom—not including city tax abatements. “Where else have you ever seen this kind of public money for infrastructure to service a whole new development, in the heart of the city, with that much land and no obstacles?” Ross asks. His vocal enthusiasm for Mitt Romney and the Republican Party’s small-*government credo evidently hasn’t curbed his appreciation for public support. Although it’s the next mayor who will cut the first ribbon, in the long run Hudson Yards may well be the grandest and most dramatic piece of Michael Bloomberg’s legacy. It’s been on the city’s to-do list for almost a decade, ever since Bloomberg hoped to draw the 2012 Olympics to New York with promises of a West Side stadium. The fact that London won the games was a disappointment to him but a stroke of luck for the West Side, scuttling what would have been a disastrous stadium plan, while at the same time calling attention to the value of the real estate above the tracks. Eager for space to put up high-rises and now prompted by a big hole on Manhattan’s western flank, the city focused on a rezoning that is gradually pulling midtown’s center of gravity westward. There are two ways to conceive such a monster project. One is for a single architectural overlord to shape the whole shebang, as Raymond Hood did at Rockefeller Center. Steven Holl, whose offices overlook Hudson Yards and who has designed two similarly gargantuan complexes in China, submitted an entry that might have resulted in a work of thrilling coherence, with the same sensibility imbuing every detail, from door handles to office blocks. But the auteur development also risks yielding a place of oppressive uniformity, where each aesthetic miscalculation is multiplied many times over. Related chose the second option: recruiting an ensemble of brand-name designers. That approach emulates a sped-up version of New York’s gradual, lot-by-lot evolution; the danger is that it can produce a jumble. “Sometimes architectural vitality leads to messiness, or varying degrees of quality, and we’re trying to avoid that,” acknowledges Cross. “Every building is going to be best in class. That’s the common thread.” But bestness is not actually a unifying concept, and when the city held the competition to award the development rights in 2008, the Related entry failed to wow the city, the public, or the critics. “With a drop-dead list of consultants, contributors, collaborators, and anyone else who could be thrown into the mix … [the company] has covered all possible bases with something dreadful for everybody. This is not planning, it’s pandering,” wrote the critic Ada Louise Huxtable in The Wall Street Journal. None of that mattered: The project originally went to another developer, Tishman Speyer, and when that deal fell through, Related scooped it up. Architecture had nothing to do with it. Yet nearly five years later, with contracts signed and money starting to flow, that gold-plated crew of designers, working in separate studios, with different philosophies and, until recently, little consultation, has nevertheless produced a kind of haphazard harmony. What unites them is their taste for complexity and the deftness with which they maneuver conflicting programs into a single composition. Just past the Culture Shed, on the 30th Street side of the site at Eleventh Avenue, is the eastern half’s only purely residential tower, designed by Diller Scofidio + Renfro, with David Rockwell. It’s an architectural griffin, grafting together rectilinear rental units on the lower floors with flower-petal condo layouts up high—about 680 apartments in all. The fantastically idiosyncratic bulges and dimples join in complicated ways that make the glass façade look quilted. Now walk north, back across the plaza and past a still-to-be-designed café pavilion, and you come to another tower with a textured exterior—vertical folds with stone on one side and glass on the other, as if a palazzo had merged with a modernist shaft. Actually, the building is even more hybridized than that. David Childs, the architect of the Time Warner Center and One World Trade Center, had to shoehorn a large Equinox gym plus offices, an orthopedic hospital, a sports emporium, a hotel, and a condominium into a curved base and a slender tube. “Hudson Yards is a city within a city. This tower is a city within a city—within a city,” he says. The most delicate, crucial, and treacherous design problem at Hudson Yards isn’t a building at all but the public space, and especially the five acres in the middle, an expanse about as large as Bryant Park. Done right, it could be the most vibrant gathering spot on the West Side, a New York version of Venice’s Piazza San Marco. Done wrong, it could be a windswept tundra populated only by office workers scuttling between the subway and their desks. It’s worrisome that Ross and his team postponed thinking about that void until so much of the architecture had been designed, but heartening that they are intensely focused on it now. Related has given the job to the talented Thomas Woltz, whose quietly refined restorations of gardens and college campuses may not quite have prepared him for the fierce pressure of shaping New York’s most ample new public space. It’s not just a place for people to mingle but for the relationships between the various buildings to express themselves across the connecting plaza. “One of the paintings I admire most is The School of Athens,” says KPF’s William Pedersen, referring to Raphael’s klatch of bearded philosophers chatting beneath noble vaults. “You have great historical and intellectual figures gathered together in dynamic groups of interchange, gesturing to each other. That’s the architectural assignment for each of us.” David Childs phrases a similar thought in a way that graciously defers to Woltz even while sending the message: Don’t screw this up. “We have an obligation to create great architecture, and all the buildings have to be related to the space in the center,” he says. “The void is the most important part.” Woltz has gotten it wrong once. In his first presentation, he placed a plush lawn at the center of the complex, and Ross nearly kicked him out of the room. What Ross wants is not a place to toss a Frisbee, but a town square alive with purpose and electricity. That’s a spectacular challenge; there are few great models for a European-style piazza within a ring of skyscrapers. For now, Woltz’s solution is a paved ellipse, outlined by a perimeter of trees cultivated with geometric severity—given “the Edward Scissorhands topiary treatment,” as one designer puts it. The idea is to create a verdant transition from the human scale to that of glass-and-steel giants. “In an open space next to 1,000-foot towers, our tallest tree is going to be like an ant next to a tall man’s shoe,” Woltz says. But the most maddening paradox of Woltz’s assignment is that he must tailor an open space to the motley public—in ways that will please a potentate. Like some fairy-tale monarch, Ross has dispatched his counselors to find an artist capable of supplying his modern Trevi Fountain. What he wants is something monumental enough to focus the entire project, a piece that’s not just watery and impressive but so instantly iconic that people will meet by it, shoot photos of it, notice it from three blocks away, and recognize it from the cover of guidebooks. You get the feeling that Ross is hedging his bets: If Woltz can’t deliver a world-class plaza with his trees and pavers, maybe a Jeff Koons or an Anish Kapoor can force it into life with a big honking hunk of sculpture. A giant puppy can’t solve an urban design problem, though. It’s nice that a hardheaded mogul like Ross places so much faith in the civic power of art, but he may be asking it to do too much. The plaza is the node where the site’s conflicting forces reveal themselves: the tension between public and private, between city and campus, between democratic space and commercial real estate. Occupy Wall Street’s takeover of Zuccotti Park last year pointed up the oxymoron inherent in the concept of privately owned public space: You can do anything you like there, as long as the owners deem it okay. Childs hopes that his client’s insistence on premium-brand design won’t make Hudson Yards just the province of privilege. “We want this project to be laced through with public streets, so that everyone has ownership of it, whether you’re arriving in your $100,000 limo or pushing a shopping cart full of your belongings.” The plans include drop-off lanes, so the limos are taken care of. But if the shopping-cart pushers, buskers, protesters, skateboarders, and bongo players start feeling too welcome at Hudson Yards, Related’s security guards will have a ready-made *argument to get them to disperse: This is private property.
  11. Even if i'm very intolerant of the PQ - and it's devastating consequences on the Quebec economy - this is why English Canada is half the battle. There's so much bullshit in this article I don't even know where to begin. http://fullcomment.nationalpost.com/2012/10/06/conrad-black-as-quebec-decays-toronto-seizes-greatness/ The announcement this week of an effort spearheaded by art collector and impresario David Mirvish, international architect Frank Gehry and innovative developer Peter Kofman to provide Toronto with a novel vertical, arts-based downtown residential complex is potentially a big step in Toronto’s quest to vault itself into the front ranks of the world’s cities — where it has sometimes prematurely claimed to belong. Whether Canadians from other centres like it or not, Toronto is now and will remain the comparative metropolis of the country, having surged past Montreal after that city entered into a sustained suicide attempt based on separatist agitation and accompanying racial and cultural discrimination. Behind the pretenses to egalitarianism that dress up confiscatory Quebec tax laws and repressive language laws, the real driving ambition has been to push the non-French out of Quebec, buy up the real assets they cannot physically take with them, especially their mansions and office buildings in Montreal, and eliminate up to half the emphatically federalist votes in the province. Montreal’s loss has proven to be Toronto’s gain. Historically, almost all Quebec’s non-French (comprising about 20% of the provincial population) are anti-separatist; and about an equal number of Quebec federalists are authentic French-Canadians who have thrown in their lot with the pan-Canadian option, and are routinely reviled by their peppier Quebec nationalist compatriots as vendus, sell-outs. (In my recent debut as a co-host with Amanda Lang on her CBC news program, the only line of mine that was excised was to this effect — so squeamish does the CBC remain about calling Quebec nationalism what it is: outright racism, at least in the worst cases. Radio Canada, the French CBC, is a notorious infestation of separatists.) The principal bulwark of federalism in Quebec, and therefore in Canada, has been the English-Canadians, who have habitually voted Liberal, and have been shamefully neglected by the Liberal Parties of Canada and Quebec (the first now eviscerated and reduced to the unimaginably dubious expedient of elevating a leader whose sole qualification for high public office was surviving childbirth, and the second defeated and discredited, and now about half English, despite all its ingratitude). But 50 years of nationalist pressure in Quebec, uncompetitively high tax-rates on upper income groups and the endless redefinition of the use of English as a “privilege” that can be whittled down and compromised, have driven over 500,000 people out of Quebec, most of them to the Toronto area. These former Quebecers, and the comparative welcome that Toronto has given external immigration (unlike the Québécois, who are generally hostile to any non-French immigration and none too accommodating even to ostensibly francophone immigrants who don’t speak like Québécois and aren’t too preoccupied with Quebec nationalism), has made Toronto an unusually, almost uniquely multi-cultural city. In fact, Toronto is one of the few jurisdictions where multi-culturalism has not been a disaster. The Netherlands has just rolled back its former official deference to the non-Dutch, and required assimilation in the education system, a belated response to an Islamist influx that is threatening domestic tranquility and social coherence. For less defensible motives, Quebec is placing further strictures on the teaching of English in the state school system, a terrible disservice to the province, which despite its ululations of sufficiency, is a demographically dwindling repository of a not overly dynamic French fact outnumbered 50:1 by its English-speaking North American neighbours, and which by its addiction to transfer payments from English Canada has become a white-collar secular clerisy that contributes little economic added value to anything. Electricity, over-unionized base metals and forest products industries, and a scattering of high tech and financial services are all that generate any earned income for Quebec now. The migrations from Quebec and elsewhere have gradually, over 50 years, transformed Toronto from a tank town of low church Protestant bigotry and ugliness, and radical segmentation between the Catholic and Protestant sections of an almost monochromatic white city — where only hotels had liquor licences, and cinemas were not open on Sunday, and even on Saturday night, everything (which wasn’t much) shut down before 11 o’clock — to a serious metropolis by international standards. The forces of racial and cultural snobbery and intolerance have retreated into a few fetid clubs, where the denizens fester like despotic toads in their unregenerate hypocrisy. Greater Toronto has over 6 million people, the fifth metropolitan area in North America, and 160% of Greater Montreal, and about one fifth of the people who live there are non-whites, and over 30% speak a language other than English or French at home, the exactly opposite policy to the desperate and restrictive cultivation of French in Quebec. These trends will continue, and the rise of Toronto as an increasingly important metropolis of a steadily more important Canada is almost inevitable. This is why it is hazardous, as well as dishonest, for the NDP to paint itself into the Quebec corner, complaining of Albertan oil, and calling, in effect, for repeal of the Clarity Act, to facilitate the separation of Quebec by a bare yes majority on a trick question, and committing the federal government virtually to ban English among its employees in Quebec. It is a disgraceful policy of pandering, minority cultural oppression, and regional abrasion, completely unsuitable for the official, pan-Canadian opposition. It is as if Gilles Duceppe and his unlamented Bloc Québécois had held its majority of Quebec MPs but also elected 40 people in other provinces, mainly Ontario and British Columbia. Returning to this revolutionary plan for Toronto’s entertainment district, all three project leaders, David Mirvish, Frank Gehry and Peter Kofman, are, in their different fields, innovators and creators, and precisely what Toronto needs to translate economic boom and ethnic diversity and population growth into a distinctively great city. Toronto is recognized to be liveable by world standards, and relatively safe and prosperous. But as a great city, it lacks history, drama and flair. History, dramatic historic events, epochal personalities, and great cultural achievements and trends can’t just be confected. And drama is mainly violence: the French Revolution and Napoleonic and other wars in Paris; the Civil War and Blitz in London, the drastic changes of regime in Berlin, and the incomparable drama of Rome, as the imperial and ecclesiastical, and then reunited Italian capital. Even New York and Chicago have the tragic mystique that surrounds gang and gangster wars, revolutionary and Indian skirmishes, countless riots, earth-shaking financial upheavals, 9/11. Toronto obviously does not seek tumult and bloodshed to tart up its ambiance; so to be great, it must ensure that more of its growth comes in the form of brilliant architecture — the construction of iconic projects of the future. The Mirvish project consists of a trio of unusually interesting, 80-storey buildings. It will contrast well with the city’s existing skyscrapers. (Three of Toronto’s impressive bank office complexes, for instance, TD, CIBC and BMO, while fine plazas, are just knock-offs from Mies Van der Rohe, I.M. Pei, and Edward Durrell Stone.) Frank Gehry, who appeared to be descending into self-indulgent eccentricity with his proposed memorial in Washington to Dwight D. Eisenhower that featured a statue of the victorious theatre commander and two-term president as a 14-year-old farm boy, has produced a beautiful design (though it would be better if the Princess of Wales Theatre could be preserved). Toronto must avoid the Canadian tradition of nit-picking the ambitious and original and, as it did when it built the new city hall, it must seize and promote this great and self-generated opportunity.
  12. as much as Aubin is a loud mouth - he;s not far from the truth. A wake up call to forum members.. we all love Montreal but we need to seriously wake up. 2011/2012 was a bad 2 years - we need to improve MONTREAL — SNC-Lavalin Inc. — founded by francophone Montrealers, headquartered in Montreal and active in engineering and construction projects in more than 100 countries — has long been the proud symbol of Québec Inc. Now, however, it risks becoming a symbol of something else — the decline of Montreal’s place on the world stage. The company announced last week that it is creating its largest corporate unit (one focused on hydrocarbons, chemicals, metallurgy, mining, the environment and water) and locating it not in Quebec but in London; heading it will be a Brit, Neil Bruce. As well, the company also said it was creating a global operations unit that would be based in the British capital. To be sure, SNC-Lavalin denies speculation by a La Presse business columnist that the company might be slowly moving its head office from Montreal. The two moves to London must be seen as reflecting “our healthy expansion globally,” says a spokesperson. “The corporate headquarters and all its functions still remain in Montreal.” Nonetheless, this unmistakable shift of authority abroad takes place within a broader context of fewer local people atop the SNC-Lavalin pyramid. In 2007, six of the top 11 executives were francophone Quebecers; last year, three. Note, too, that only two of 13 members of its board of directors are francophone Quebecers. When the company last fall replaced discredited Pierre Duhaime of Montreal as president, CEO, and board member, it picked an American, Robert Card. What’s happening to the company based on René-Lévesque Blvd. is the latest sign of the erosion of Montreal’s status as a major business centre. Of Canada’s 500 largest companies, 96 had their head offices in this city in 1990; in 2010, says Montréal International, only 81 remained, a 16-per-cent decline. It’s true that Toronto, too, has seen a decrease (with some of its companies heading to booming Calgary), but it’s only of six per cent. As well, because Hogtown has more than twice as many head offices as Montreal, the trend there has far less impact. Anyone with a stake in Montreal’s prosperity should care about what’s happening here. Head offices and major corporate offices, such as the SNC-Lavalin’s units, bring more money collectively into the city than do big events — the Grand Prix and the aquatics championship — whose threatened departures cause political storms. Such offices employ high-spending, high-taxpaying local residents and attract visiting business people year-round — people who represent income for cabbies, hoteliers, restaurateurs, computer experts, lawyers and accountants. Indeed, this week’s controversy over the absence of direct air links from Trudeau International Airport to China and South America is pertinent to this trend. It’s not only federal air policy over the decades that’s responsible for this isolation. It’s also that Montrealers have less money, and one reason for that is, as Trudeau boss James Cherry notes, “there are far fewer head offices in Montreal.” Keep losing them and we’ll be a real backwater. But how do we avoid losing these offices? We don’t need more studies. Tons of studies — good ones — already exist. The No. 1 factor for a company when choosing a head office location is corporate taxes, according to a Calgary Economic Development study. Quebec’s are the highest in Canada and the U.S. Thirty-four per cent of the executives at 103 local companies say that Montreal’s business climate had “deteriorated “ in the previous five years, Montreal’s Chambre de commerce found a year ago. The main reason: infrastructure (not only roads but also the health system). A study called “Knowledge City” that Montreal city hall commissioned in 2004 is still relevant. Its survey of 100 mobile, well-educated people (some of whom had already left Montreal) found that their top three biggest complaints with the city were, in descending order, high personal taxes, decaying infrastructure and political uncertainty from sovereignty. All studies agree that the quality of Montreal’s universities helps attract companies. Weakened universities would lower this power. The Parti Québécois government’s minister for Montreal, Jean-François Lisée, declared before Christmas that he was “Montréalo-optimiste.” He did not, however, spell out concrete steps for addressing the above-listed problems. Too bad that his government on Jan. 1 imposed higher personal taxes for people with high incomes — which hits business people. Too bad it has reduced spending on infrastructure by 14 per cent. Too bad that it has not only reduced funds to universities by $124 million over the next three months but that it says it might cut their funding in other years as well — in effect weakening them. And, finally, too bad that Premier Pauline Marois said this week her party would soon launch a campaign to promote sovereignty and that her government would step up its strategy of wresting powers from Ottawa. In the next few says, she’ll further promote Quebec independence with a meeting in Edinburgh with Scotland’s sovereignist leader. Staunch the hemorrhage of corporate offices from Montreal under this government? The very idea is Montréalo-irréaliste. Read more: http://www.montrealgazette.com/life/Henry+Aubin+avoid+losing+head+offices/7862525/story.html#ixzz2IrXbVaOH
  13. La succursale va fermer. C'est incroyable. On dirait presque un canular. Perte immense pour le patrimoine de Montréal... *** Royal Bank abandons historic 360 St. Jacques building June 23, 2010. 1:57 pm • Section: Metropolitan News The Royal Bank of Canada is closing its historic branch in Old Montreal, in what was once the tallest building in the British Empire and the bank’s head office. The image above, from Google Earth, shows the building (in the middle, foreground) and the skyscrapers that followed it. The bank has more on the history of the Montreal landmark here and here. And check out this city of Montreal history. This story appeared in the Granby Leader-Times on March 4, 1927: http://blogs.montrealgazette.com/2010/06/23/royal-bank-abandons-historic-360-st-jacques-building/
  14. jesseps

    I spy with my little eye....

    Thomson Reuters office in Old Montreal.
  15. Cataclaw

    Earthquake?!?

    The whole room just shook... everything was vibrating in my office. Felt like a 4.0 Earthquake. Was it just me? Seemed to last ~ 8-9 seconds.
  16. jesseps

    First CIBC and now RBC

    CIBC on St Jacques moved into Quebecor-Videotron and now RBC on St Jacques is planning on moving into the "Stock Exchange Tower" near Square Victoria in 2012. I am quite surprised to get a letter from RBC this morning saying they were moving. It was such a wonderful location. I guess the rent was getting to high for them. Seeing in the letter, they were only occupying about 20% of the building now. Interesting thing is about the RBC building, its owned and managed by a company that operates out of Halifax, but the head guy runs a business in New York called "Time Equities Inc". The company in Halifax is called "360 St Jacques Nova Scotia Inc" or something like that. Whats more interesting is, the head office is in a building called "Bank of Montreal Tower". One of the owners/members/chairs part of "360 St Jacques Nova Scotia" is Montreal's own George Coulombe that over sees 360 St Jacques (RBC building) here in Montreal. One thing that was interesting in the letter was that RBC actually sold the building back in the 60s. Anyways I just wonder who will take up the space at CIBC and RBC now.
  17. jesseps

    Groupe TMX : actualités

    (Courtesy of The Globe and Mail) First stop London, next stop global domination!
  18. The jury members are: - Melvin Charney, architect; - Odile Decq, architect and Director of the École Spéciale d'Architecture, Paris; - Jacques Des Rochers, Curator of Canadian Art, Montréal Museum of Fine Arts; - Michel Dionne, architect, Cooper, Robertson & Partners, New York; - Raphaël Fischler, urban planner and professor at the School of Urban Planning, McGill University; - Mario Masson, landscape architect and Division Manager, Service du développement culturel, de la qualité du milieu de vie et de la diversité ethnoculturelle, Ville de Montréal; - Alessandra Ponte, associate professor, School of Architecture, Université de Montréal; - Philippe Poullaouec-Gonidec, landscape architect and holder of the UNESCO Chair in Landscape and Environmental Design at Université de Montréal. Instructions for prospective entrants (Courtesy of CNW Telbec)
  19. Let's have a go at it! Family Guy The Office (U.S. version) Mythbustesr Hockey Penn & Teller : Bullshit Pimp My Ride Star Trek : TNG and DS9 (mon côté geek)
  20. Wanted to build a second downtown and wanted to have the metro line to go further west for this section. Proposed by Robert Campeau. Would have been known as New City Center 1.5 million sqft shopping center - total 2.2 million sqft retail space 75 floor office tower - total 5 million sqft office space 2 hotels (1750 rooms) 8000 unit condo tower
  21. je sais pas c'est qui ce monde la, mais cette petite 'home video' de ce qui semble etre des touristes d'outre-mer pourrait presque faire office de video promotionel pour tourisme montreal ...! bref, c'est bien. http://www.youtube.com/watch?v=8_UiOrQlaWo&feature=related
  22. First Canadian Place officer tower to receive a facelift 680News staff Toronto | Thursday, September 24th, 2009 7:56 am Toronto - First Canadian Place, Canada's tallest office tower, will be receiving a $100-million makeover. There are currently 45,000 slabs of white marble on the 72-storey home for the Bank of Montreal. But, Brookfield Properties, the building's owner, is going to replace the marble with 7,800 panels of white glass. The National Post reported the property, which opened in 1975, has already seen a refurbishment of some of the marble slabs, but the look has deteriorated. Tom Farley, president and CEO of Brookfield's Canadian commercial operations, told the paper that when the company bought the property in 2005, they knew it was a fixer-upper. If the original builder had used thicker marble, it would have lasted 100 years. Brookfield said it will also renovate the lobby of the tower. The National Post called the renovation another positive signal for the downtown business core, with the recent opening of the Bay-Adelaide Centre and two other office towers opening before the end of the year. ----- Hyrdo-Quebec are you listening??? Please renovate your POS.
  23. GDS

    Office Vacancy Rates

    Vacancy rates keep rising in third quarter for Canada's commercial real estate sector, report shows (CP) – 44 minutes ago TORONTO — The amount of empty office space across Canada continued to rise in the third quarter due to higher unemployment in white-collar industries and excess inventory in some cities, a new report shows. Vacancy rates for commercial real estate are expected to keep rising "well into 2010" as the country works through the impact of the recent recession, CB Richard Ellis Ltd. said in report released Monday. Vacancy rates rose for the third straight quarter to an average of 9.4 per cent, up from 6.3 per cent for the same time last year, said the real estate services firm. "Limited new job creation in Canada's 'white-collar' industries and the addition of new inventory in two of Canada's three largest office markets are cited as reasons for the increase," according to the National Office and Industrial Trends Third Quarter Report. Commercial vacancy rates rose most noticeably Calgary, Toronto and Vancouver, the report shows. Calgary's third quarter vacancy rate jumped to 13.1 per cent, from 4.7 per cent last year, due to the impacts of a slowdown in the oil and gas industry. "The city's oil and gas industry and commercial market remained inexorably linked, as players both large and small continue to recognize that even Calgary has not been immune to the country's new economic reality," the report states. In Toronto, the commercial vacancy rate rose to 9.1 per cent from 6.6 per cent last year. The vacancy rate in downtown Toronto is expected to climb further in the coming quarter as space becomes available in newly constructed office towers. In Vancouver, vacancy rates climbed to 8.9 per cent from 5.4 per cent for the same time last year. The report said Vancouver is one of the more stable markets in the country thanks to limited new development. Montreal's vacancy rate rose to 10.3 per cent from 8.3 per cent last year, while Halifax's rose to 10.2 per cent from 8.4 per cent. Vacancy rates also rose in the country's smaller office markets, specifically in suburban areas, but at a lesser rate, the report shows. It said cities with government office space also saw more stability in their commercial real estate markets. Ottawa had the lowest overall third quarter vacancy rate in the country of 5.8 per cent compared to five per cent for the same time last year, while Winnipeg's rate came in at 7.5 per cent up from 4.8 per cent last year. The overall vacancy rate in the Waterloo Region, home to such technology firms as Research in Motion (TSX:RIM), edged up slightly to 6.7 per cent from 6.4 per cent last year. The report predicts vacancy rates to keep rising in the fourth quarter and into 2010, "as Canada continues to grind its way out of the recession."
  24. Condos, costs squeeze Vancouver office space DAVID EBNER From Monday's Globe and Mail June 29, 2008 at 10:33 PM EDT VANCOUVER — The numbers, at first glance, couldn't look better for a commercial real estate developer. On the small peninsula that constitutes downtown Vancouver, there's barely any available office space. The 2.6-per-cent vacancy rate ranks as the lowest of any city core in North America. And rents are soaring, with the cost of prime office space jumping 25 per cent in just one year to more than $34 per square foot. Yet hardly any new commercial space is being built. Just 130,000 square feet is under construction in downtown Vancouver, which would add less than 1 per cent to what exists. It's a fraction of what's happening elsewhere: Calgary's downtown is expanding by 5.6 million square feet, or 17 per cent, and Toronto is growing by 3.8 million square feet, or 5 per cent. Construction costs have risen far faster than rents, driven by a Western Canadian construction boom that has made labour scarce and expensive, and the climbing cost of materials such as steel. Vancouver developers say they just can't make the numbers add up for new projects. In Calgary, for example, the energy boom allows developers to charge $45 a square foot, a third more than they can get in the Vancouver market. “It takes a lot of nerve to build today,” said Don Vassos, a senior vice-president at real estate services firm CB Richard Ellis Ltd. who opened the company's Vancouver office 24 years ago. Since then, the downtown has gone through a transformation that helped produce the current shortage of commercial space. It's a trend the city now hopes to reverse. In the 1980s and 1990s, planners and politicians set about creating the Vancouver that currently exists, one consistently on best-places-to-live lists. Under the rubric of “living first,” the city heavily promoted residential development downtown, pushing the population on the peninsula to 90,000, more than double the 40,000 or so in the mid-1980s. But the dozens of residential condominiums have begun to squeeze the commercial core. Four years ago, alarm bells started going off for planners when Duke Energy sold the landmark Westcoast Transmission building for a condo conversion. That provoked the city to impose a temporary halt on such changes in the central business district. With developers predicting that Vancouver will run out of space to build new commercial buildings in the next 20 years, city council is poised to encourage construction of more office space. In July, it will consider a series of proposals from planners that include an expanded central business district, tighter rules on condo conversions and proposals to allow taller towers with more density. Until things change, however, businesses will continue to feel the squeeze. Part of the problem, developers say, is that condos are far more profitable than commercial space because residential buyers are willing to pay large premiums for benefits such as views of the ocean and mountains. And unlike Calgary and Toronto, where large corporations drive demand for many storeys of commercial space, the typical Vancouver tenant is more likely to be a law firm or upstart technology company requiring far less space. Developers have to sign on many more tenants to make a project work instead of landing one big name. Some Vancouver developers say the city has to take measures to encourage new commercial buildings that go beyond the proposals city planners have put together. “They need to address costs,” said Tony Astles, executive vice-president for B.C. at Bentall Real Estate. “And they need to address the length of time it takes to go through the whole process, from zoning to approvals. “It's a clogged-up system. Right now, it's very difficult to rationalize a high-rise office tower in downtown Vancouver. The costs of construction have risen so fast that rents – even though they're at their all-time high – haven't kept up.” http://www.reportonbusiness.com/servlet/story/RTGAM.20080629.wrdowntown30/BNStory/Business/home