theodore123abc

There is already some foundation work happening.

10 hours ago, nephersir7 said:

lol

http://www.journallenord.com/actualites/politique/2017/4/20/le-maire-bouchard-accentue-la-pression-sur-le-gouvernement.html

Well with the amount of money we already wasted building the airport we might as well spend a few million more doing what should have been done in the first place by connecting the Mirabel airport to Montreal via light rail. This way if Montreal really wants to expand our airport capacity in a meaningful way we can.  

2 minutes ago, man with the golden gun said:

Je voyage régulièrement autant au Canada qu'au pays de l'oncle Sam (USA) et honnêtement le maudit préfab c'est à Montréal qu'on en voit le plus, c'est désolant. 

We have had this argument many a time and we have discovered that there is a reason as to why that is not simply Montreal cheapness. The reason being (I am not 100% sure who explained this but it was on this forum by someone in construction) that prefab is tremendously robust and can handle large variation in temperature and humidity that many others materials cannot. So if the idea is to build a decent building that will last a long time, rather then spend an arm and a leg to get very expensive materials or procedures to install things like glass in a way that won't deteriorate quickly(which has become a recurrent problem in places like Toronto) then you go with prefab. We aren't in a climate like the mild Vancouver or even New York where there is less fluctuation in climate or in Florida they only have to build to one extreme being heat. I despise prefab as much as everyone else but it really isn't just because we are cheap or have no care for aesthetic appeal. I think the solution is maybe just building really high end buildings where the price for exterior doesn't change things OR we could spend more money on developing really nice materials that aren't tremendously expensive that show what Montreal and Montrealers are capable of, which would be ideal.     

Taken yesterday, I always think of this as Montreal's actual skyline. Our skyline taken from Griffintown or from the Belvedere it really doesn't give justice to our city's actual downtown size.  

Phase 4 is now under construction, there are 3 excavators on site as well as a contractors office.

I drove by the other day and all sides have small billboards for a company called "Axxys Construction" and it looks like they are doing something inside. Anyone know whats's going on? There doesn't seem to be any information on their website.

Du nouveau depuis 1 mois ?

Yep the excavation is well underway, I drove by this evening.

I think it has to do with starting budget more than where. If you're building "out of town" i.e anywhere not Montreal you almost have to have a higher base for the budget otherwise it simply isn't worth it. So you start off a project with something near 400-500 million rather than 100-200 million. As you know that makes a heck of a different final product.

Really!?!? C'mon is this from 2004? This is where you should have to meet architectural standards otherwise you end up with this completely sightless development

.

They put a new render on their site

Circulation Montréal

 

[ATTACH=CONFIG]29464[/ATTACH]

It's before Christmas holy smokes!!!

Sur le compte Twitter du promoteur...

 

[ATTACH]29435[/ATTACH]

Well maybe we won't have to wait that long after all for the second tower?

Je ne crois pas qu'il y ait en ce moment de fouilles archéologiques. C'est vraiment que de la construction. Ce sont les infrastructures souterraine qui sont construit en même temps que le nouveau pavillon. Je suis passé devant hier et ils en sont à couvrir la façade avec les matériaux isolants. Ça n'avance pas rapidement mais sûrement.

Correct me if I am wrong but I think Kotar was poking fun at the fact that there is always a delay. Recently in the city that is because they found some new archaeological something or other that delays things. It's taking a long time, yeah, must be due to an archaeological find...

IGM Financial, GWL set to buy Montreal office towers: sources

 

Investors Group and GWL Realty Advisors are set to buy two Montreal office buildings from Germany's KanAm Grund Group for around C$415 million ($308.99 million), though the transaction has not been finalized, two sources familiar with the deal said.

 

Investors Group is part of IGM Financial Inc (IGM.TO) while GWL is part of Great-West Lifeco Inc. (GWO.TO) Power Financial Corp (PWF.TO) is the controlling shareholder of both companies. Power Corp of Canada (POW.TO) in turn controls Power Financial.

 

The buildings are expected to be sold at a low capitalization rate for the Montreal market, indicating that demand for high-quality office buildings is spilling over from Toronto and Vancouver.

 

The potential sale of the office towers was reported on Friday by Reuters.

 

Power Corp spokesman Stephane Lemay referred a reporter's query directly to Winnipeg-based Investors Group which declined to comment. GWL Realty in Toronto and KanAm could not immediately be reached for comment.

 

The deal should close before year's end, said the sources, who spoke on condition of anonymity because terms of the transaction have not been made public.

 

The downtown buildings are expected to be sold at a capitalization rate of just over 5 percent, which is indicative of a premium asset, said the sources.

 

Capitalization rates are calculated by dividing an asset's net operating income by its market price.

 

According to recent data from Colliers International, Montreal cap rates for Class A buildings range from 5.50 percent to 6.25 percent.

 

"It (a 5 cap) is unusual for the city," said a third source familiar with both the deal and the Montreal commercial real estate market, who declined to comment because the transaction is not yet public.

 

According to data from CBRE Ltd, Montreal's third quarter downtown vacancy rate was 11 percent, compared with 10.6 percent for downtown markets in Canada as a whole.

 

KanAm, which owns real estate assets in Europe, North America and Australia, acquired the buildings at 1350-1360 René-Lévesque West, in 2007 and 2008.

 

The nearly 1 million square-foot property is managed by Canderel Inc, a Canadian real estate developer. Tenants include IT services providers CGI Group, Computer Sciences Canada, IBM and TD Bank, according to its website.

 

Real estate services firm JLL, which is selling the properties, declined to comment.

 

IGM Financial, GWL set to buy Montreal office towers: sources

| Reuters

Well I'll take that in a positive manner, if someone is willing to pay a premium for office space in Montreal then there must be some sort of increased demand. Question is what do they know that we don't.

Qu'on le veuille ou non Québec devancera Montréal à bien des égards avec ce magnifique projet Phare !

 

Une architecture ambitieuse et assumée en verre. Place publique, marché, salle de concert, fontaine, tous les détails y sont.

 

Pas de tôle random, de préfab douteux, non une tour moderne assumée.

 

Le plus fou la dedans le projet aura une valeur de seulement 650 Millions. C'est comme si on faisait 2 tours de canadiens et demi avec ça. C'est ridiculement ''abordable''

Well, if we look at it another way, Quebec's second city (in terms of GDP/Population etc.) is growing into a proper city which can help the province as a whole become stronger economically. Which in turn will help Montreal keep on growing. As well as pushing Montreal developers to care more about the designs and integration of their projects as the province becomes more competitive. Force Montreal developers like maybe Broccollini/Magil/Snc-Lavalin or even Canvar to create their own "mega" development/ iconic towers. Sort of like a "wait a minute someone else is building the biggest tower in the province? Pas possible...If they can make it happen why can't we?". Ont va voir!

Don't try to put me into the corner of something I didn't say. I support all these projects, and am for any project whether public or private that enhances Montreal's appeal. However, I would like to see announcements of blue chip companies enlarging their presence in Montreal. To way to fund social programs is to create jobs and generate wealth.

Well with that. A few pages back there was an article mentioning that the most full time positions created in the country since October '15 has been Montreal, creating just under 60K full time mostly private positions.

People - why are we arguing? Today is November 8th!!

 

The day (or soon thereafter) after the famous prophecy will come to fruition ?

Bets on which companies are moving to Montreal anyone?

Wtf. Barette, Leitao et Couillard se sont mis daccord pour saigner le réseau de la santé pour diminuer les dépenses du gouvernement. C'est une décision qui vient du haut et qui se prend en collégialité. On ne peut pas dissocier de telle façon les décisions du gouvernement. Les questions de budget (dont est le principal responsable Leitao), ça passe tout par le Conseil des ministres et plus précisément par le Conseil du trésor et le conseil privé. On est dans un système premier ministériel, TOUTES les décisions passent par le premier ministre. On ne délègue que la simple administration.

No matter who is responsible, the quality of care and quality of those who insure that care has gone way down in the last year. For example the 3 best doctors where my gf works(where there are 6 doctors) were forced to leave because they were by law not permitted to give the care they wanted to. One went private and the other two left the province. Their approach is way off and people in the healthcare system are leaving, we needed more people before they started doing anything and we need even more now. They may have saved money but it sure as heck costs Montrealers the world class care we should be getting. I know we needed to save money but it was done in a way that hinders the system, it was not simple leaning or reorganizing and it is unfortunate. ESPECIALLY given the enormity of money we spend via tax to this system I am sure they could have done it differently.

so why are the PQ and CAQ rushing to reduce immigration in Quebec?

The more immigrants the smaller the ratio of supporters for both parties, which does not bode well for them. Too bad so sad, they may have some good ideas but when their main focus is always separation good luck getting the immigrant vote. Immigrants move to Montreal to be in the country of Canada, best city in many ways but they didn't move here to be in the country of Quebec. I would think (Not based on surveys or anything but personal experience)

What I like about the Couillard's goverment is his economic team. Especially Carlos Leitao. He is a very good

There is one really unfortunate thing about his team, and that is his health minister. Barrett is really screwing with the internal workings of the healthcare system and it makes many very good doctors and nurses want to leave.

Ouch. 600 emplois dont 70% sont au Québec. Sur le long-terme ce n'est pas nécéssairement inquiétant mais les conséquences sur le court-terme ne seront pas négligeables je crois.

While hiring 500 employees in different positions. So it's only a loss of 100 employees, which is not that bad.

Everyone always forgets the poor Drumound towers...

Haha yeah, and they're really going to add to the density.

Placement;

Corner of Young and William, right across from Volkswagen Centre Ville.

On sunday I noticed a demand for demolition on the front door as I walked passed. Today I passed by as I went for a walk around downtown and noticed this billboard which was not there 2 days before. (It was a "land for sale or lease etc etc" sign). I know on the Reveil de Montreal we've talked about no demand for space thus no demand for new office buildings so I hopefully this is a sign of things to come?

Quelqu'un sur Skyscraperpage a fait une liste de toutes les villes avec le plus de tours de 50m ou plus en construction. Et Montréal arrive 3e en Amérique du Nord, après New York et Toronto. Les 2 premiers sont à plus de 120, mais Montréal est 3e avec 46. On pourrait atteindre 60 d'ici l'année prochaine si tout va bien.

I wonder if someone has a list of simply how many buildings are being built. It would be interesting to see total sq ft being built in each of the cities to see if they have that many more projects or just more tall stuff.

so this is indicative of wealth/capital moving back to the 514?

I think along with all the other news of other companies "setting up shop" as it were in the last few months along with this is indicative of things turning around. Greenlobster mentioned there would be many things between now and the end of the year so if news like this continue along with bigger things that seem to be in the works then maybe wealth/capital is moving back,(or simply in) to the 514.