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  1. Alcan buyout called "economic suicide" for Canada Lynn Moore, CanWest News Service Published: Saturday, July 14, 2007 MONTREAL -- The proposed acquisition of Alcan Inc. by the London- and Melbourne, Australia-based Rio Tinto Group is a symptom of "economic suicide" underway in this country, Montreal billionaire and shareholder activist Stephen Jarislowsky said Friday. Others use less dramatic language as they engage in the hollowing-out-of-corporate-Canada debate but admit to growing concern over deals such as Rio Tinto's friendly $38.1-billion US bid for Alcan. The Montreal-based aluminum producer is the 10th company on the TSX 60 to be taken over, or poised to be taken over, by a foreign company in the past three years, Jarislowsky noted. Foreign takeovers are fuelling the Canadian dollar, which is "going through the roof" and contributing to the woes of Canada's exporting and manufacturing companies, he said. "I think the Canadian government is wrong to let any of the 60 biggest companies get taken over by foreigners," said the founder and chairman of Jarislowsky Fraser Ltd., which manages $60 billion in assets. The Conservative government's appointment of a panel to asses Canada's competition policy and foreign investment is akin to closing the barn door after the best horses have run away, Jarislowsky said. "Only the stupid horses are left," along with banks and companies that, for regulatory reasons, can't leave, he said. Ken Wong, an associate professor at Queen's University's business school, said there are few takers for unprofitable, poorly-run businesses, so it's not surprising the best companies are being bought. But while businesses are looking out for their own interests, someone should be considering the national good, particularly when resources or resource-dependent companies are concerned, he said. "I would be looking for certain signs that tell me that the merger or acquisition will be good for the country, not just the company" or shareholders, Wong said. Ottawa should ensure the long-term stewardship of resources is factored into the equation so that lost resources can be tabulated in much the same way lost jobs have been, he said. The Rio Tinto offer, unveiled Thursday, would see Rio Tinto Alcan with a head office in Montreal but its chief executive officer would report to Rio Tinto's CEO. Rio Tinto currently has its key aluminum and aluminum-related assets and offices in Australia. Rio Tinto Alcan would be "the new hub" of Rio's aluminum business, although investment in Australia "would not be diminished," Rio Tinto CEO Tom Albanese said at Thursday's press conference in Montreal. There would be some ebb and flow of employees between Montreal and Brisbane, Australia, but the employment levels in Montreal would remain as high, if not higher, he added. Descriptions like that make Concordia University finance professor Lawrence Kryzanowski uneasy because they remind him of what was said as Montreal head offices moved west when the separatist movement was gaining strength in Quebec. "It is clear when a company moves a head office; less clear is when a company moves key functions out," he said. "Smart companies will do that over time." The Royal Bank of Canada, for example, contends that it maintains a head office in Montreal but its corporate headquarters is in Toronto. "You can say you still have the head office here in Montreal but (what matters) is where the head office work is carried out. I would expect of lot of that to happen" with Rio Tinto Alcan, Kryzanowski said. Alcan "probably arranged the best deal for shareholders ... and Montreal," given the circumstances, Kryzanowski, an Alcan shareholder, said. The Rio Tinto Alcan office in Montreal "will be a divisional office at best," Jarislowsky said. One thing that helped tie Alcan to Canada were agreements between it and the governments of B.C. and Quebec that were linked to long-term, low-cost energy supplies for the aluminum producer, Kryzanowski said. "If it wasn't for the agreements they had in both Quebec and B.C., I think the head office would probably move," he said. The Quebec deal, signed last December just before Alcan announced a $1.8-billion US investment in the Saguaenay, requires that Alcan maintain in Quebec "substantive operational, financial and strategic activities and headquarters ... at levels which are substantially similar to those of Alcan" at the signing of the agreement. Now it's up to Quebec and other interested parties to "be vigilant" and ensure that the deal is honoured, Kryzanowski said. Quebec will have to decide how best to measure Rio Tinto Alcan's presence in Quebec, based on what it most values, be it payroll numbers, new products development or research-and-development money spent, Wong said. Montreal Gazette lmoore@thegazette.canwest.com
  2. This is for the land currently owned by Provigo on the corner of de Maisonneuve and Claremont on the south east corner. There was a public consultation for residents and the following is the project: 30k square feet for grocery store (Provigo Urban concept) 10 apartments for families of kids who are staying at hospital Office space for Children's foundation 255 senior apartments for 55+ from le Groupe Maurice Not a very nice looking building! 10 story building Construction summer/fall 2015 Opening 2017-2018
  3. Olymbec projette de démolir le petit édifice commercial au 6775 Décarie (coin Vézina, juste au sud du projet de l'usine Armstrong) pour le redévelopper, probablement en édifice à bureaux de 6 étages. http://www.lobby.gouv.qc.ca/servicespublic/consultation/AfficherInscription.aspx?NumeroInscription=FNzZnYCG0atmYLnL%2b93Rdw%3d%3d#D56150 Le site en question:
  4. 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.
  5. 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
  6. 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
  7. Viger Project Montreal, Quebec, Canada Step 1: 2008 Step 2: 2010 Viger will be a 19-story, 828,000 square foot mixed-use project consisting of a 225,000 square foot hotel, 185,000 square foot of retail space, 385,000 square foot of residential space with parking for 1,400. The hotel portion includes the redevelopment of a 150,000 square foot historic chateau-style hotel. SUMMARY Address 710 Rue Saint-antoine E Montreal, Quebec, Canada Location Located in Montreal, Quebec Canada Hines' Role Development Manager Net Rentable Area Hotel: 225,000 sq. ft. (20,902 sq. meters) Residential: 385,000 sq. ft. (35,766 sq. meters) Retail space: 185,000 sq. ft. (17,186 sq. meters) The renaissance of Viger Square Phil O'Brien Senior advisor Telemedia DevelopmentI Inc. Mr. Philip O'Brien will be conducting a presentation about the Viger site on the eastern edge of Old Montreal. He will discuss the history of the site: the building of a grand hotel and railway station in what was then the central core of Montreal, its prominence as a prestigious address for business elites, and its cultural significance for the city of Montreal. The context of its decline during the 20th century will be outlined: from the changing economic conditions in the 1930s and its demise to its current state in the urban environment, resulting from the expansion of the railway yards, the digging of the open trench of the Ville-Marie expressway, and the demolition of a vast number of houses to make room for the CBC project. He will then highlight the exciting potential for redevelopment in light of changing local economic conditions and redevelopment opportunities for this area of town. Thursday, April 12, 2007 from 7:30 to 9 a.m. Ritz-Carlton Montreal 1228 Sherbrooke Street W. chateau_viger.pdf
  8. STANFORD PROPERTIES GROUP New multi-tenant office building - 52,764 square feet Pie IX Blvd, between Majeau and Larin, This project is replacing the old Mike's Restaurant on Pie IX. Sorry no Pics!!
  9. À quelques mètres de là, ils ont commencé à creuser sur le terrain de l'ancienne station-service. Quand je suis passé ce matin, ils enlevaient une immense citerne qui devait faire office de réservoir! Le terrain sera-t-il bientôt pour la vente? On est en droit de le penser!
  10. 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/
  11. http://www.jll.com/Research/Global-Office-Index-Q2-2016.pdf Sent from my iPhone using Tapatalk
  12. Revitalizing Calgary's core: Some possibilities for rebirth 'Calgary has reinvented itself before ... from a ranching/agriculture-based economy to oil and gas' By Richard White, CBC News Posted: Jun 17, 2016 While it is shocking that Calgary's downtown skyscraper vacancy rate skyrocketed to 20 per cent at the end of March, and that it could soon surpass the vacancy record of 22 per cent set in 1983 (twice what it was a year ago), we should keep some perspective. These numbers are not unheard of in major corporate headquarter cities. Back in the 1970s, New York City was in decline. By the mid-70s, the city came close to bankruptcy and its office vacancy rate hit 20 per cent. In 1993, Toronto's downtown office vacancy rate hit 20.4 per cent. Vancouver's rose to 17.4 per cent in 2004. And these may not even be records, as data only goes back to 1990 for those cities. Today, New York City, Toronto and Vancouver's downtowns are booming. All downtowns go through periods of growth, decline and rebirth. Montreal's decline and rebirth In the '60s, the case could still be made Montreal was Canada's business capital. Its downtown was a major office headquarters for Quebec's natural resource industry as well as a thriving financial industry, including the head offices of the Bank of Montreal, Royal Bank of Canada and insurance giant Sun Life. In 1962, when the Place Ville Marie office designed by iconic architects I.M. Pei and Henry N. Cobb opened, it symbolized Montreal's arrival as a world-class city. This was further reinforced with the hosting of Expo '67, the arrival of Montreal Expos baseball team in 1969, and the 1976 Olympics. However, the '70s brought the threat of separation, which prompted many corporate headquarters and their executives to move to Toronto. By 1971, Toronto's population surpassed Montreal's. The 1976 Montreal Olympics, the most expensive in history, plunged the city into a legacy of debt and decline for decades. Today, Montreal has reinvented itself as an international tourist destination and a major player in the gaming and music industries. New York's return from the brink In 1975, New York City was on the brink of bankruptcy. The gradual economic and social decay set in during the '60s. The city's subway system was regarded as unsafe due to crime and frequent mechanical breakdowns. Central Park was the site of numerous muggings and rapes; homeless persons and drug dealers occupied boarded-up and abandoned buildings. Times Square became an ugly, seedy place dominated by crime, drugs and prostitution. Today, New York City is back as one of the world's most successful cities, economically and culturally, and Times Square is again one of the world's most popular urban tourist attractions. Calgary's future Perhaps Calgary has already begun to reinvent itself. Despite the growing vacancy rate downtown, the CBRE's First Quarter 2016 Report says, "Not all commercial real estate in the city has been affected, though. Suburban office space held steady from the last quarter, and the industrial real estate market is still robust because it's not tied to oil and gas." Indeed, Calgary has become one of North America's largest inland port cities, including two state-of-the art intermodal rail operations. Calgary is now the distribution headquarters for Western Canada, a position once held by Winnipeg. And so Calgary's industrial sectors employ more people than the energy sector. Calgary Economic Development is working with the real estate community to implement a "Head Office/Downtown Office Plan" with three action items. One idea is the repurposing of smaller older office spaces as incubators and innovation hubs to attract millennials and/or entrepreneurs. A good example of this is in West Hillhurst, where Arlene Dickenson has converted an old office building at the corner of Memorial Drive and Kensington Road that was once home to an engineering firm into District Ventures, home to several startup packaged goods companies. Another repurposing idea would be to convert some older office buildings into residential uses. In the U.S., programs like Vacant Places Into Vibrant Spaces have been successful but mostly for office to residential conversions of older buildings with smaller floor plates. They don't work for offices buildings with floor plates over 7,500 square feet (which is the case for most of Calgary's empty high-rise office space), as it is expensive and difficult to meet residential building codes, which are very different from commercial ones, making it tough to compete with new residential construction. In an ideal world, Calgary could become a global talent hub, where skilled workers who have been displaced from the energy and related industries continue to live in Calgary but become a remote workforce for energy projects around the world. Temporary and permanent satellite offices could be established in Calgary with teams of engineers, geologists, accountants, bankers etc. working on projects around the world. The obvious strategy would be to woo international companies in the finance, insurance, transportation, agriculture, digital media and renewable resources to set up a Canadian or North American office in Calgary, maybe even relocate here. With cities like San Francisco, Seattle and Boston facing major affordable housing crises for millennial workers, Calgary could become a very attractive place for a satellite office for companies in those cities. One "off the wall" idea postulated by George Brookman, CEO of West Canadian Industries, would be to promote Calgary as an "International Centre for Energy Dispute Resolution," similar to the Netherland's TAMARA (Transportation And Maritime Arbitration Rotterdam-Amsterdam), which offers an extrajudicial platform for conducting professional arbitration for settling disputes. However, one wonders: Could Calgary compete with London and New York, which are already leaders in the international arbitration business? Incentivize rebirth Calgary has reinvented itself before, evolving from a ranching/agriculture-based economy to oil and gas in the middle of the 20th century. Indeed, the downtown core, which is an office ghetto today, would benefit immensely if incentives could be made to convert a dozen or so office buildings into condos, apartments or hotels to foster a rebirth of the core as a place to live. Calgary at a Crossroads is CBC Calgary's special focus on life in our city during the downturn. A look at Calgary's culture, identity and what it means to be Calgarian. Read more stories from the series at Calgary at a Crossroads. http://www.cbc.ca/news/canada/calgary/calgary-core-kickstart-richard-white-1.3638276
  13. Interesting video about the new London skyscrapers http://www.archdaily.com/770542/london-is-becoming-a-bad-version-of-dubai "London is on the verge of being ruined for all future generations," says Alain de Botton – a Swiss philosopher, notable author and founder of The School of Life and Living Architecture. "With a whopping 260 towers in the pipeline no area is safe, as planners, property developers and the mayor's office commit crimes against beauty to create fun buildings." In a film for The Guardian De Botton explains why he believes we're right to be nervous – and how we can stop this "clear desecration" of the UK's capital city. sent via Tapatalk
  14. via le site de Microsoft : Press Release MICROSOFT CLOUD TO TOUCH DOWN IN CANADA Locally deployed Azure, Office 365 and Dynamics CRM Online will help power Canadian business Toronto, June 2, 2015 – Microsoft today announced plans to deliver commercial cloud services from Canada. Azure, Office 365 and Dynamics CRM Online will be delivered from Toronto and Quebec City in 2016, further strengthening Microsoft’s footprint in Canada’s competitive cloud landscape. “Soon, the Microsoft Cloud will be truly Canadian,” said Kevin Turner, Worldwide Chief Operating Officer, Microsoft, who travelled to Toronto to make the announcement. “This substantial investment in a Canadian cloud demonstrates how committed we are to bringing even more opportunity to Canadian businesses and government organizations, helping them fully realize the cost savings and flexibility of the cloud,” said Turner. According to IDC, total public cloud spend in Canada is projected to grow to $2.5B by next year. The fastest growth will be from Public cloud infrastructure with a strong 45 per cent increase by 2016. These new locally deployed services will address data residency considerations for Microsoft customers and partners of all shapes and sizes who are embracing cloud computing to transform their businesses, better manage variable workloads and deliver new digital services and experiences to customers and employees. General availability of Azure is anticipated in early 2016, followed by Office 365 and Dynamics CRM Online later in 2016. Janet Kennedy, President of Microsoft Canada, says delivering cloud services from data centres on Canadian soil opens up significant new cloud-based possibilities for organizations who must adhere to strict data storage compliance codes. “We’re very proud to be delivering the Microsoft Cloud right here in Canada, for the benefit of Canadian innovators, entrepreneurs, governments and small businesses. Delivering the flexibility of hyper-scale, enterprise grade, locally deployed public cloud services is the ultimate Canadian hat trick.” Canadian Customers Already Using Cloud Today Canadian customers of all sizes are already in the Microsoft Cloud. Even today, Microsoft delivers cloud-based email, Office 365, and CRM Online to more than 80,000 Canadian businesses. Companies like Air Canada, Quebecor and Hatch are saving money while empowering their employees to collaborate, be more productive and mobile with Office 365, Yammer, and Skype for Business. “Information systems and technology continue to be a differentiator for Hatch as it helps us to gain advantages in the marketplace – our use of Microsoft cloud is an integral part of this success. We are now able to focus on our business while benefiting from all the innovation Microsoft offers with a Service Level Agreement we can count on.” Christopher Taylor, Global Director, Hatch. Diply.com is a great example of an Ontario-based start-up leveraging Microsoft Azure, the company’s cloud-based infrastructure. The company delivers 850M page views per month on Microsoft Azure and owns no servers. Diply.com is able to rent servers from Microsoft by the hour based simply on the demand they receive. “We only pay for what we use,” said Gary Manning, CTO and co-founder at Diply.com. “We estimate our cost per 1,000 users is only $0.07! We’d never be able to build that back-end infrastructure ourselves.” Governments in Canada Welcome the Microsoft Cloud Ontario’s Deputy Premier and President of Treasury Board, Deb Matthews, applauded Microsoft’s commitment to enabling Ontario businesses to compete globally. “This commitment by Microsoft will further enhance the ability of Ontario’s innovative business sector to thrive and compete with the best in the world,” said Matthews. “To date more than 3,200 Canadian startups have benefited from joining the free BizSpark program, many of which are based in Ontario. By bringing the power of the cloud to Canada and providing free access through BizSpark, our entrepreneurs can truly compete with the best in the world.” John Tory, Mayor of Toronto, praised the announcement as a significant boost to Toronto’s digital infrastructure. “Together with Microsoft, we’re bringing Toronto into the 21st Century,” said Mayor John Tory. “Toronto is home to a skilled and talented work force that is ready to bring ideas to life. The City is committed to investing in state-of-the-art infrastructure that’s needed to attract good jobs and fuel innovation.” Tory noted that it’s estimated that more than 14,000 jobs in Toronto are connected to cloud computing. To learn more about Microsoft’s cloud touching down in Canada visit reimagine.microsoft.ca Additional Quotes “Microsoft gives us the high-performance infrastructure we need to handle major fluctuations in traffic and demand for a majority of our media websites,” said Richard Roy, Vice President of IT and Chief Technology Officer, Quebecor. “We only pay for what we use, eliminating the need for costly up-front investment in hardware. Microsoft has completely transformed the way we build new IT environments – what used to take days or weeks can now be done in a matter of minutes. Our move to Microsoft’s cloud with has enabled us to innovate rapidly in response to changing forces in our industry.” “We decided to move to the cloud with the Office 365 suite because of the globalization of CDPQ’s investment activities and our need for simplified collaboration among our teams around the world”, said Pierre Miron, CDPQ’s Executive Vice-President, Operations and Information Technologies. “CDPQ also welcomes Microsoft’s decision to establish two data centers in Canada, one in Quebec City and the other in Toronto,” added Miron. “The City of Regina partnered with Microsoft Canada in 2013 to become one of Canada’s first public sector organizations to embrace Office365,” said Chris Fisher, Director of IT, City of Regina. “That strategic decision, which raised eyebrows amongst our peers, continues to pay dividends as the product matures. It is helping the City find cost-effective ways for employees to efficiently communicate with each other and the public.” “As proud Canadians and creators of the world’s first 100% cloud-based digital asset management system, we’re eagerly awaiting the new Canadian data centres coming online next year,” said David MacLaren, President & CEO of MediaValet. “Since launching the first version of MediaValet in late 2010, we’ve had opportunities to work with healthcare, government and higher education organizations in Canada, but been hampered by their rigorous data compliance needs. Microsoft’s investment in a Canadian cloud will open up doors to significant sectors of the Canadian market and help us grow our market share on home soil.” About Microsoft Established in 1985, Microsoft Canada Inc. is the Canadian subsidiary of Microsoft Corporation (Nasdaq "MSFT") the worldwide leader in software, services and solutions that help people and businesses realize their full potential. Microsoft Canada provides nationwide sales, marketing, consulting and local support services in both French and English. Headquartered in Mississauga, Microsoft Canada has nine regional offices across the country dedicated to empowering people through great software - any time, any place and on any device. For more information on Microsoft Canada, please visit www.microsoft.ca. For further information, please contact: Natasha Beynon Veritas Communications beynon@veritasinc.com 416.640.4660
  15. http://blogue.onf.ca/blogue/2015/05/21/montreal-dhier-aujourdhui-films-onf/ Montréal de 1940 à aujourd’hui à travers les films de l’ONF Films Documentaire | 21 mai 2015 par Emilie Nguyen Des années 1940 à aujourd’hui, la ville de Montréal a fait l’objet de nombreux films de l’ONF. En fouillant dans la collection, force est de constater que la cité aux cent clochers a été la muse de plusieurs cinéastes, tels que Jacques Giraldeau, Jacques Leduc, Hubert Aquin, Luc Bourdon et Michel Brault. Chacun à leur manière, ils nous ont donné à voir la ville dans un style cinématographique propre à leur démarche et à leur époque. Objectif-Expo-67-tv-big Image tirée du film Objectif 67 En raison de mon obsession pour l’ordre et la chronologie, j’ai rassemblé quelques-uns de ces titres de manière à pouvoir suivre l’évolution de la ville à travers les décennies. Une occasion de replonger dans le Montréal des années 1940 et d’entreprendre une balade au parc Lafontaine sur une musique bucolique; d’être aux premières loges pour admirer les chars allégoriques du défilé de la Saint-Jean-Baptiste en 1959; de prendre le mini-rail pour revivre en couleur les heures merveilleuses de l’Expo 67; de revisiter le quartier Griffintown et les commerces du boulevard Saint-Laurent dans les années 1970; de contempler Montréal sous toutes ses coutures dans les années 1990, et de terminer le voyage par une flânerie interactive sur le Mont-Royal en compagnie de l’écrivain Dany Laferrière. Bon voyage temporel! 1940 La cité de Notre-Dame (1942) Avec ce documentaire passionnant, redécouvrez la ville de Montréal en 1942…et en couleur! Entrez dans le quotidien fourmillant de la métropole avant les gratte-ciel et les autoroutes. Déambulez parmi ses églises, ses vieux marchés, ses galeries d’art, ses universités, son aéroport, ses gares de triage et son port, guidé par une charmante narration. La Cité de Notre-Dame par Vincent Paquette, Office national du film du Canada Au parc Lafontaine (1947) Dans ce court métrage, voyez comment les Montréalais profitaient des beautés du Parc Lafontaine dans les années 1940. À l’époque où les ours noirs, les renards, les chats sauvages et les oiseaux de proie cohabitaient gaiement; où les enfants s’amusaient sous l’oeil attendri des parents, des amoureux, des promeneurs. On y rencontre des gens de tous les âges, tous les types, tous les genres, car chaque jour le tout Montréal se donne rendez-vous au parc Lafontaine… Au parc Lafontaine par Pierre Petel, Office national du film du Canada 1950 Au bout de ma rue (1958) Filmé par Michel Brault, ce charmant petit film raconte l’histoire d’un gamin vivant dans le centre-sud de Montréal qui profite d’un jour de congé pour prendre la poudre d’escampette. Suivez-le alors qu’il découvre le bord de l’eau, l’horizon élargi du grand fleuve Saint-Laurent et l’activité bouillonnante du port de Montréal, tel qu’il était en 1958. Au bout de ma rue par Louis-Georges Carrier, Office national du film du Canada Jour de juin (1959) Revivez les festivités de la Saint-Jean-Baptiste à Montréal en 1959. Soyez aux premières loges d’une foule de 700 000 à 800 000 personnes pour voir passer les chars allégoriques, les fanfares d’un événement annuel qui rappelle à tout un peuple ses racines profondes. Jour de juin par ONFB, Office national du film du Canada 1960 À Saint-Henri le cinq septembre (1962) Réalisé par Hubert Aquin en 1962, ce grand classique impérissable du cinéma québécois nous fait visiter en 24 heures le quartier populaire de Saint-Henri à travers les images tournées par un collectif des plus grands cinéastes de l’époque. Le film a été inspiré par le roman Bonheur d’occasion de Gabrielle Roy. À Saint-Henri le cinq septembre par Hubert Aquin, Office national du film du Canada Objectif 67 (1967) Évoquant les heures merveilleuses de l’Expo 67, ce film en couleur nous replonge au coeur de cet événement marquant dans la vie des montréalais. Dans sa course, la caméra prend le minirail, visite les îles, la Ronde, la Cité du Havre, envahit les pavillons, les restaurants, suit les clowns et capte la joie de la foule. Objectif : Expo 67 par William Brind, Office national du film du Canada 1970 Griffintown (1972) Le quartier Griffintown n’a pas toujours été le berceau de condominiums argentés et des jeunes gens branchés. Ce court métrage documentaire nous montre le quartier tel qu’il était dans les années 1970, ignoré et dévasté. Une population réduite mais opiniâtre s’acharne à y vivre et à lutter contre la tyrannie de l’industrie qui cherche à les exproprier. Griffintown par Michel Régnier, Office national du film du Canada Une rue de lait et de miel (1973) Tourné dans les années 1970, ce court métrage documentaire rend hommage au boulevard Saint-Laurent, artère principale de Montréal. Une rue qui demeure, pour nombre d’immigrants, l’endroit où s’est amorcée leur vie nouvelle. Dans cet excellent film, le cinéaste revisite la rue et les commerçants qui l’ont accueilli à l’âge de huit ans, lorsqu’il arriva au Canada avec ses parents. Une rue de lait et de miel par Albert Kish, Office national du film du Canada 1980 Albédo (1982) Mélangeant fiction et documentaire, ce long métrage établit un parallèle entre la vie du photographe David Marvin et l’histoire de Griffintown, un quartier de Montréal auquel il a consacré une partie de son œuvre. Albédo par Jacques Leducet par Renée Roy, Office national du film du Canada 1990 Les amoureux de Montréal (1992) Le cinéaste Jacques Giraldeau nous présente Montréal sous toutes ses coutures et dans tous ses replis… Montréal baignée dans toutes ses lumières, été comme hiver, revisitée par un cinéaste amoureux de ses rues, de ses ruelles, de ses quartiers, de ses parcs, de son fleuve, de ses églises, de ses édifices… Visages d’hier et d’aujourd’hui. Une ville disparate, de verre et de béton, façonnée par des architectes qui lui ont donné un corps et… une âme! Les amoureux de Montréal par Jacques Giraldeau, Office national du film du Canada 2000 La mémoire des anges (2008) À la fois documentaire, poème et essai, La mémoire des anges est une expérience unique permettant de revisiter la ville de Montréal des années 1950 et 1960, avec ses grandes figures, ses lieux emblématiques et ses citoyens ordinaires. Pour ce faire, le cinéaste Luc Bourdon a procédé à un assemblage d’archives et d’extraits tirés de 120 films produits par l’ONF. Un tour de force magistral! La mémoire des anges par Luc Bourdon, Office national du film du Canada 2010 Sacrée montagne (2010) Revisitez un des lieux les plus emblématiques de Montréal avec ce documentaire Web qui explore notre relation au sacré à travers le Mont-Royal. Dans cette courte vidéo tirée du projet, l’écrivain Dany Laferrière livre une réflexion sur la place du sacré dans l’histoire et l’imaginaire québécois, revivant pour l’occasion ses premiers pas dans ce Montréal que sa mère, depuis Port-au-Prince, appelait « la ville de Dieu ». Sacrée montagne – La métaphore de Montréal par Hélène de Billyet par Gilbert Duclos, Office national du film du Canada À Saint-Henri, le 26 août (2011) Tourné en 24 heures, À St-Henri, le 26 août rassemble quelques-uns des plus brillants cinéastes documentaires québécois d’aujourd’hui autour de cet ancien quartier ouvrier de Montréal. Dans un style cinéma direct, à l’affût des histoires qui font l’épaisseur d’une journée dans la vie quotidienne du quartier, ce film parcourt des trajectoires qui se côtoient ou se traversent tout en restant opaques les unes aux autres. Réalisé en 2010, ce film est un hommage à l’oeuvre collective d’Hubert Aquin, À Saint-Henri le cinq septembre. Il témoigne de la transformations d’un espace urbain resté profondément enraciné dans son passé industriel vibrant. La musique a été composée par le talentueux Patrick Watson. Le film est maintenant disponible en location. Pour le visionner, cliquez ici. À St-Henri, le 26 août – (Bande-annonce) par Shannon Walsh, Office national du film du Canada D’où je viens (2013) Dans ce superbe documentaire, le cinéaste Claude Demers (Les dames en bleu) revisite le quartier populaire de Verdun où il a grandi pour y interroger le mystère de ses origines. La ville et le fleuve Saint-Laurent constituent la toile de fond de cette ode à la vie et à la beauté du monde. Une œuvre libre et humaine, qui nous montre un visage de Verdun que vous n’avez jamais vu. Pour en savoir plus, lisez notre entretien avec le réalisateur. Le film est maintenant disponible en location. Pour le visionner, cliquez ici. D'où je viens – (Bande-annonce) par Claude Demers, Office national du film du Canada Et vous, quels sont vos films préférés de notre collection sur Montréal? À Saint-Henri le cinq septembre, Au parc Lafontaine, cité, Claude Demers, D'où je viens, Documentaire, film, Griffintown, Histoire, Hubert Aquin, Jacques Giraldeau, Jacques Leduc, La cité de Notre-Dame, La mémoire des anges, Luc Bourdon, Métropole, Michel Brault, mont Royal, Montréal, Saint-Henri, Saint-Jean-Baptiste, Saint-Laurent, Urbanisme, Ville, ville-marie, webdocumentaire sent via Tapatalk
  16. http://business.financialpost.com/2011/10/14/rbc-trades-bay-street-for-bay-view/ They are going to have a nice new place.
  17. 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
  18. in Vancouver http://www.vancitybuzz.com/2015/02/national-bank-canada-anchor-exchange-office-tower/ National Bank of Canada to anchor The Exchange office tower he National Bank of Canada will be the anchor tenant of The Exchange building, a new 31-storey office tower under construction at Howe and West Pender streets in downtown Vancouver. According to Business In Vancouver, the Montreal-based banking institution will occupy 45,000 square feet of the building’s 369,000 square feet. This is part of National Bank’s recently implemented business strategy to expand its reach beyond Quebec and Ontario. As of last spring, the bank had 451 branches across the country, with 339 in Quebec, 74 in Ontario, 27 in New Brunswick and only nine branches west of Ontario. While many Western Canadians may be unfamiliar with National Bank, it was founded in 1859 and is Canada’s sixth largest bank. “National is looking at growing from being a super- regional bank to having much more of a national presence,” Kash Pashootan, a portfolio manager with First Avenue Advisory of Raymond James Ltd., told Bloomberg News in March 2014. National Bank’s occupation at The Exchange will not be possible until 2017, when the building is scheduled for completion. Construction on the $240-million building began in January 2014. The Exchange is designed by Swiss architect Harry Gugger and incorporates Vancouver’s 1929-built Old Stock Exchange building with the addition of office tower floors above the historic structure. In addition to restoring the historic facade and old trading floor, project proponents are aiming to achieve a LEED Platinum certification with “seriously green” elements such as rooftop solar panels, integrated geo-exchange thermal regulators, storm water retention and reuse, and hydronic heating and cooling systems. The office tower project is funded by Credit Suisse, one of the largest private real estate investors in the world.
  19. 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.
  20. Made you click Molson Coors relocating headquarters to 1801 California in downtown Denver Molly Armbrister Reporter- Denver Business Journal Molson Coors Brewing Co. will relocate its U.S. headquarters next year to Denver's second-tallest building: 1801 California. The company (NYSE: TAP) has leased 53,872 square feet in the 54-story tower at 1801 California St., which was purchased and upgraded by Brookfield Office Properties Inc. last year. Molson Coors will renovate the office areas, located on the 45th, 46th and part of the 47th floors, beginning in the spring. The company expects to inhabit the new space in fall 2015. Molson Coors' HQ is currently located at 1225 17th St. in Denver. It also has headquarters space in Montreal. "We are pleased to be moving to 1801 California, which will allow us to maintain our headquarters presence in vibrant downtown Denver," said Sam Walker, Molson Coors global chief people and legal officer. "This new location enables us to bring together our offices and employees under one roof and remain in the heart of Denver's thriving business community." 1801 California was formerly occupied entirely by Qwest Communications, but now CenturyLink Inc., which bought out Qwest, occupies about 30 percent of the building's 1.3 million square feet. Brookfield has been working to fill the building since completing its renovations on the property in February. "We're thrilled to have Molson Coors' U.S. headquarters making its home at 1801 California, said David Sternberg, executive vice president for the midwest and mountain regions for Brookfield. "1801 California is an ideal setting for Molson Coors — a landmark location for one of Colorado's iconic companies and one of the world's leading brewers," said Ted Harris, senior vice president at Cassidy Turley, one of the brokers on the transaction.
  21. Square Dealing: Changes could be afoot at the iconic Westmount Square BY EVA FRIEDE, MONTREAL GAZETTE OCTOBER 10, 2014 2:16 PM Investor Olivier Leclerc outside Westmount Square, who has purchased 84 units in the complex for $70 million. Photograph by: John Mahoney , Montreal Gazette An investor has bought 84 rental units at Westmount Square for $70 million, and says that less than two months after the sale, he has already resold at least 48 of the apartments. Olivier Leclerc, 26, acting with real estate broker and adviser Albert Sayegh, bought the units at the iconic Mies van der Rohe buildings in August from Elad Canada, a division of the Israeli real estate multinational Tshuva Group. The deal means that Elad has sold all of the approximately 220 units in the two residential towers of Westmount Square. Now it is proposing to convert Tower 1, with 200,000 square feet of office space, to condos. But Westmount has slapped a freeze on all conversions from commercial or institutional buildings to residential use and is studying all development in its southeast commercial sector, from Atwater to Greene Avenues. The freeze is in effect until an interim bylaw is adopted and an update on the study is expected in November, said Westmount councillor Theodora Samiotis. Samiotis, who is the commissioner of urban planning for Westmount, said there are two concerns about such a conversion. First is Westmount Square’s heritage value as a Mies van der Rohe mixed commercial-residential project, completed in 1967. “On a heritage value, obviously we would want to make sure that any architectural aspect of the design would respect that,” she said. And there are those who would argue that changing the usage combination would change the architect’s vision, she said. The complex was conceived with three towers — two residential and one office — and an 86,000-square-foot shopping concourse. Equally important to Samiotis is the commercial vibrancy of the area. “So when you tell me you are changing a commercial tower to a residential tower, I am concerned about the impact this is going to have on my commercial district,” she said. Residential tax rates are lower than commercial rates, so the city also could lose revenue. “It’s not just the conversion of any building. It’s a landmark,” she said. They are very much aware of the proposal to convert the office tower, Sayegh said, but the file is currently closed. “If Tower 1 does occur, we will look at it,” he said. Elad Canada owns, operates or is developing such properties as New York’s Plaza Hotel, Emerald City in Toronto and in Montreal, the Cité Nature development near the Olympic Village and Le Nordelac in Point St-Charles. The 84 Westmount Square units were the remaining rental units in two of the towers. In a meeting at Sayegh’s real estate office — he is president of the commercial division of RE/MAX Du Cartier on Bernard St. W. — Leclerc said he bought the apartments in August as an investment, and resold them to various groups of investors, two of which bought about 12 apartments each. Leclerc would not specify how many of the apartments he intends to keep. It is a significant sale, probably the biggest of the year, said Patrice Ménard of Patrice Ménard Multi-Logement, which specializes in sales of multi-unit residential buildings. But it is not a record. By comparison, the La Cité complex of three buildings with more than 1,300 units sold for $172 million two years ago. Also in 2012, Elad sold the Olympic Village to Capreit Real Estate Investment Trust for about $176 million, Ménard said. Both La Cité and the Olympic Village remain rental properties, however. Both Sayegh and Leclerc emphasized that confidence in the economy was a basis for the Westmount Square purchase. The reselling was not a flip, but a long-term strategy, Sayegh said. “He has his own chess game,” Sayegh said. “The context was favourable to take hold of such a prestigious building — the political context,” Leclerc said. “The socio-economic climate in Quebec has never been as conducive to investments as it is today,” Sayegh added. Leclerc would not say what profit he has taken so far, nor what return he is expecting. “It’s a nice acquisition to my portfolio,” Leclerc said. He also owns or has converted buildings in Mont St-Hilaire and Brossard as well as Hampstead Court on Queen Mary, bought in 2011 and now all sold. Four years ago, Leclerc joined his father, Ghislain, in the business of converting rental buildings to co-operatives. Over 25 years, he and his father have converted more than 2,500 apartments, he said. His father is now semi-retired. With his father, he also worked on the conversion of the Gleneagles apartments on Côte des Neiges Rd., bought in 2010 and sold by 2013. “We do major work. We put the building in top shape,” Leclerc said. “Then we make esthetic improvements. After that, we sell the apartments. “We never throw out the tenants. We profit from the fact that the tenants are in place, who pay rent ‘x’ for an apartment in the state it is in. “We respect the rental laws.” Leclerc said he buys only good buildings in good locations. “The area reflects the tenants. Location, location, location.” At Westmount Square, the tenants are not affected, Leclerc said, as the same company, Cogir, manages the building. The range of price for the 84 apartments was $400,000 to $2 million. efriede@montrealgazette.com Twitter: @evitastyle
  22. Source: http://www.economist.com/news/britain/21611086-why-building-worlds-most-popular-city-so-difficult-and-expensive-bodies-bombs-and London’s costly construction Bodies, bombs and bureaucracy Why building in the world’s most popular city is so difficult and expensive Aug 9th 2014 | From the print edition CROSSRAIL, a new underground railway line, is the main engineering marvel near Tottenham Court Road station in London. Few passers-by realise that another immensely complex construction project is under way nearby. At Rathbone Place, an old postal sorting office is being demolished to make way for a new block of offices and apartments. The entire building must be removed through one narrow exit onto busy Oxford Street. Beneath the site lies a disused underground railway once run by Royal Mail, which must not be disturbed. Even as your correspondent visits, the developer, Great Portland Estates, discovers an ancient electricity cable buried under the foundations. Much of central London is being knocked down and rebuilt. Some 7m square feet of office space is due to be added this year—the most since 2003. Relative to the existing stock, more offices are going up in the capital than in any western European or North American city. Yet building offices (and homes) near the middle of the capital is shockingly expensive. Even before the cost of land is considered, it costs roughly a fifth more than erecting similar stuff in New York or Hong Kong, according to Turner and Townsend, a consultancy firm. The challenges at Rathbone Place help to explain why. London’s history throws up many problems. Unexploded bombs dropped by the Luftwaffe still turn up surprisingly often, as do interesting medieval bodies. The opening of Bloomberg’s new headquarters in the City was held up by the discovery of thousands of Roman artefacts, including a rare phallic good-luck charm. London’s underground networks—including the Tube, but also sewers, various government tunnels and oddities such as the Royal Mail railway—must be negotiated. The city’s medieval street pattern means that buildings cannot always have straightforward 90-degree corners. Narrow streets make moving vehicles and machinery around construction sites far more expensive than in other cities. Typically, construction begins with a small crane, which lifts in vehicles and in turn erects a bigger tower crane. These cranes cannot operate from roads or overhang existing buildings, which explains why so many of the ones in London are elaborate, multi-jointed things. Sometimes they must be custom-built. The planning system then adds all sorts of expensive complexities. In Westminster more than 75% of land is covered by 56 conservation areas protecting the historic appearances of streets, right down to the colour of paint on doors. At another Oxford Street site, Great Portland Estates must lift up an old façade and scoop out the rest of the building from behind it. During this process, neighbouring buildings must be protected—not only structurally but also from noise and dust. Taller buildings are trickier still. They must not block designated views of various landmarks, which explains why some of the skyscrapers in the City of London are oddly shaped. The curious wedge-shaped Leadenhall Building, known as “the cheesegrater”, is intended to protect a view of St Paul’s Cathedral from a pub in Fleet Street. The design also means that the building cannot have a central concrete core, as in most skyscrapers. Instead, the floors are held up by an innovative steel exoskeleton. This makes for a thrilling journey up the building’s glass lifts. But it does add somewhat to the cost. Developers have adapted to these constraints as best they can. Construction is modelled by computers long before the first crane is installed. Each day’s work is planned almost to the minute and materials delivered when they are needed, much like the “just-in-time” methods long used in car factories. Many parts are brought in ready made: fully 85% of the Leadenhall Building was manufactured in the Midlands and Northern Ireland. But the sheer complexity of building in the capital makes for a small, specialised industry with high barriers to entry. Outsiders who try to negotiate London’s planning system often get in trouble, notes Toby Courtauld, Great Portland’s boss. Getting projects approved requires more than mugging up on planning regulations: plenty of rules are unwritten, while political objections can be unpredictable. Incumbent developers know the vagaries of the system. Newcomers do not. All this raises costs, which are passed on to business tenants. And the slowness of building in the capital means that offices are often finished at the wrong time, at the low point in an economic cycle: a slump in construction starts three years ago means supply will crash next year. Putting up buildings is far quicker and easier in other cities, such as Birmingham and Manchester, and also in London suburbs such as Croydon. But developers persist with inner London anyway. Office rents and land values are high enough to support even some outrageously complicated projects. Leasing office space in the West End is twice as expensive as in Madison Avenue in New York. For all that the city’s skyline is dominated by cranes, were developers given free rein much more of central London would be being rebuilt. For firms struggling with high rents, that is frustrating. For Londoners who live and work next to construction sites, it may come as some consolation. From the print edition: Britain
  23. 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)
  24. http://www.montrealgazette.com/business/Obituary+David+Azrieli+touched+many+parts+society/10014707/story.html By Paul Delean, THE GAZETTE European-born David Azrieli, who fled the Nazis as a teenager, fought in the 1948 Arab-Israeli war and then found fortune in Canada, died Wednesday at age 92. According to Forbes magazine, the Montreal-based real-estate developer and businessman was one of the richest Canadians with an estimated worth of $3.1 billion. He also was one of the most generous, contributing more than $100 million to philanthropic causes around the world, many of them in the fields of medical research, education and the arts. “It’s a great loss,” said Susan Laxer, president of local Jewish organization Federation CJA. “He literally changed the landscape in Israel with his office towers and architecture, and with his philanthropy, he touched many parts of our society and community. Through his legacy, he’ll continue to touch the lives of many people.” Norma Joseph, professor of religion and associate-director of the Azrieli Institute of Israel Studies at Concordia University, described him as “a formidable person, very strong-minded. And he used his mind for a wonderful vision of community and building.” The institute got its start in 2011 with funding provided by the family foundation, “but he did more than give money. He also gave his personal time and effort,” Joseph said. Born into a Jewish family in Poland, Azrieli escaped ahead of the Nazi occupation and kept moving, winding up in British Mandate Palestine in 1942. He studied architecture at Technion-Israel Institute of Technology and fought in Israel’s war of independence before settling in Canada in 1954. In a rare 1973 interview with the Montreal Star, he said he arrived here with no family connections and “literally, penniless.” “Nobody gave me anything,” he said. After earning a Bachelor of Arts degree from the Université de Montréal and working at a number of jobs, he had enough saved for his first solo project in 1957, construction of four duplexes on vacant lots he purchased in Ville D’Anjou. It was the start of a real-estate juggernaut that would eventually include thousands of apartment units, office buildings and shopping centres in Canada, the U.S. and Israel. Among his local holdings is the downtown Dominion Square Building housing The Gazette, acquired for $78.25 million in 2005, and the Sofitel Hotel. The Azrieli Group also held interests in companies active in the fields of energy, water and finance. He remained its chairman until last week when daughter Danna succeeded him, a move prompted by his medical condition. A sometimes controversial figure, Azrieli made headlines in the 1970s when he razed the former Van Horne Mansion on Sherbrooke St. and erected a 17-storey office tower on the site. In 1984, he sued The Gazette for libel over an editorial about a local development, but lost. “From the times of the pyramids to those of the skyscrapers, the works of architects and builders have been monuments to their glory or to their shame,” Superior Court Judge Paul Reeves said. “They build before the public eye and the public rightfully says whether it likes or dislikes what it sees.” In his later years, Azrieli split his residency between Israel and Westmount. “I have two homelands,” he once said, “two places that I love and where I have been blessed to do what I love best.” Active in and supportive of Jewish causes throughout his lifetime, he served as president of the Canadian Zionist Federation and in 2008 authored a book called Rekindling the Torch: The Story of Canadian Zionism, which told the story of the contribution of Canadian Jews and non-Jews to establishment of the state of Israel and their continuing support for the country. He also made Holocaust remembrance a personal crusade after it took from him two siblings and both parents. “This is my vision, to be able to use the tangible rewards of my career in building and construction to create a legacy for education and educational institutions in both of my homelands,” he said. A recipient of the Order of Canada, Azrieli also was a “chevalier” of the Ordre National du Québec. Married for 57 years to Stephanie Lefcort, he had four children: Rafael, Sharon, Naomi and Danna. He died surrounded by family at his country home in Ivry-sur-le-Lac, Que. pdelean@montrealgazette.com
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