District Griffin, phase 1 - 18, 20 étages (2014)

[IluvMTL]

http://www.newswire.ca/en/releases/archive/August2011/25/c6286.html

 

Unveiling of two new phases of the largest multi-use real estate project in Montreal - Investment in the District Griffin project increases to $736 million from $475 million

 

MONTREAL, Aug. 25, 2011 /CNW Telbec/ - Devimco, Groupe Cholette and the Fonds immobilier de solidarité FTQ today announced highlights of Phases II and III of the District Griffin project, representing an investment of $261 million. This is in addition to the $475-million investment announced last year for development of Phase I.

 

"The largest multi-use real estate project in Montreal, which will incorporate residential, commercial, community and business functions on the same site, will transform much of Griffintown for the better," Devimco President Serge Goulet said at a groundbreaking ceremony to mark the start of construction on the first of four blocks that constitute Phase I. He was accompanied by Richard Deschamps, Vice-Chair of the City of Montreal Executive Committee and member responsible for economic development and major projects. Also present were Michel Cholette, President of Groupe Cholette, Normand Bélanger, President and CEO of the Fonds immobilier de solidarité FTQ, and Jean-Yves Germain, Co-President of Groupe Germain.

 

When completed, the first three phases of District Griffin will encompass 2,103 condominium units, including 331 affordable housing units. The project will also include a 154-room ALT Hotel, more than 299,000 square feet of office space and over 328,000 square feet of commercial space. Moreover, 275 social housing units will be built in conjunction with Phase I.

 

"Ultimately, District Griffin will not only help produce a housing project that will restructure the area but will also to help create and maintain 3,235 jobs, in line with our mission of economic development in Quebec," Mr. Bélanger said, adding: "Our investment and our partnership with two prominent developers in producing the overall District Griffin project are strategic and very stimulating. Indeed, with this project, the Fonds immobilier de solidarité FTQ is involved in revitalizing a former industrial zone, creating a modern and dynamic environment for urban living that will serve a broad clientele."

 

Mr. Goulet stated: "We are keeping our promise to create a whole new living environment. It will be a pleasant and safe area, making it possible to live, work and play close to downtown and Old Montreal in what will be an important gateway to Montreal." He added that negotiations with the City and Sud-Ouest Borough for a development agreement covering Phases II and III will begin in a few days. For Phase I, the City of Montreal and Devimco have signed a development agreement providing for the creation of parks and public squares, as well as for infrastructure rehabilitation. The City will invest $29.9 million.

 

"What is happening in Griffintown reflects what is going on today across Montreal," said Richard Deschamps, Vice-Chairman of the City of Montreal Executive Committee and member responsible for economic development and major projects. "The city is in fact experiencing a true real estate boom. As of this past March, Montreal had 162 construction sites exceeding $5 million in value. These projects accounted for investments totalling $13.4 billion. In early August, the Montreal skyline had 54 cranes in operation. This sort of thing has not been seen since the time of Expo 67 and the 1976 Olympic Games."

 

The three first phases and their components

 

Phase I of District Griffin will consist of four city blocks bound by Wellington Street on the north, Shannon Street on the east, the Lachine Canal on the west, and Smith Street on the south, alongside a railway viaduct. The first block, bound by Wellington, Peel, Young and Smith streets, will include a tower with 188 condominium units, 78% of which have already been sold, as well as the hotel, shops, restaurants and more than 75,000 square feet of office space. Work began a few weeks ago and is to be completed in July 2013.

 

Mr. Germain stated: "The opening of an ALT Hotel in District Griffin not only fits in with the company's strategic plan to open 10 ALT hotels across the country within five years but also provides a special character, putting it in the heart of a real estate development that will literally transform the face of a fast-growing Montreal neighbourhood."

 

"Each phase of District Griffin will provide additional residential products ranging from luxury units to condos for young couples and self-employed people," Mr. Cholette said. Turning his attention to Phase II, he said its purpose will be primarily residential. "Following the success of the sale of units in the first block of Phase I, we decided to begin the pre-sale of the first round of Phase II, which will contain 121 units. Construction will begin in November."

 

Called "St. Ann," Phase II will have five towers with a maximum height of 44 metres in the block bound by Basin Street on the south, du Séminaire Street on the west, Ottawa Street on the north and Rioux Street on the east. The occupants of the 768 planned residential units will be living near Griffintown, St. Ann and Basin Parks.

 

Phase III will consist of a tower with 277 residential units and office spaces covering an area of 117 000 square feet, along with commercial space on the first two floors. It will be located on Peel Street north of Wellington Street. Construction will begin in the spring of 2012.

 

About Devimco

Devimco has been the leading real estate developer in Quebec since 1997. A private company, it benefits from the financial support of institutional and private partners as well as pension funds, standing out with the development of lifestyle-type projects. It was the first real estate company to develop a lifestyle shopping centre in Canada. Since its beginnings, Devimco has developed more than 1.4 million square metres in Quebec. Its main projects are the Quartier DIX30 in Brossard, the Méga-Centre Notre-Dame in Laval, the Méga-Centre Lebourgneuf in Quebec City and the Carrefour Champêtre in Bromont. In association with Groupe Cholette, it is currently developing the Cité DIX30 residential project.

http://www.districtgriffin.com

 

About Groupe Cholette

Since Groupe Cholette was founded in 1990, it has set itself apart by offering a unique way of inhabiting space, while optimizing resources, innovating in construction techniques and respecting communities. As project manager for more than 7,000 housing units and winner of numerous prizes and awards for its real estate projects, including Grand bâtisseur de l'année in 2009, this family-run company is responsible for some of the most outstanding projects in the Greater Montreal area in recent years. These include the start of construction on the Cité DIX30 urban complex in Brossard and Cité COSMO in Laval, the ZERO 1 boutique hotel and condominium complex in Montréal's Quartier des spectacles, and District Griffin in Griffintown.

http://www.groupecholette.com

 

About the Fonds immobilier de solidarité FTQ

Created in 1991 by the Fonds de solidarité FTQ, the Fonds immobilier de solidarité FTQ forges strategic partnerships to invest in, develop and build profitable, environmentally sustainable and job-generating properties. Doing its part to drive the local economy, the Fonds immobilier invests in commercial, office, industrial, institutional and residential construction projects. The projects authorized by the Fonds immobilier as at May 31, 2011 will create or preserve some 12,000 jobs in Québec.

http://www.fondsimmobilierftq.com

 

About Groupe Germain Hospitality

A family-owned Quebec company, Groupe Germain owns and operates five Le Germain boutique hotels, in Quebec City, Montreal, Toronto (two) and Calgary, along with two "no-frills-chic" ALT Hotels in Montreal's Quartier DIX30 and Quebec City. A third ALT property is currently under construction at Toronto's Pearson International Airport. An ALT Hotel in Winnipeg was also announced earlier this year; the opening is scheduled for fall 2013.

http://www.groupegermain.com

Follow us on Twitter @HotelGermain

Become a fan on Facebook.com/althotel

[Davidbourque]

humm

 

Je suis sur que dans les 800 post de IluvMTL, il doit en avoir a peu près 100 unique

[monctezuma]

C'est moi qui a copié ses messages

[gars du new jersey]

http://www.ledevoir.com/documents/pdf/Phase_01.pdf

 

http://www.ledevoir.com/documents/pdf/Phase_02.pdf

 

http://www.ledevoir.com/documents/pdf/Phase_03.pdf

 

au meilleur de ma connaissance, les rendus ci-dessus n'ont pas encore été posté

Modifié 1 septembre 2011 par gars du new jersey

[Invité]

Wow! Merci!

 

L'hôtel ALT n'est vraiment pas mal! Très montréalais : briques rouges, briques noires et grandes pierres...mais pas de pré-fab!

[gars du new jersey]

Oui, très prometteur en effet. J'aime l'aspect psuedo-industriel du basilaire de l'hôtel.

[LindbergMTL]

Sympa, il va y avoir de la vie, des jeunes couples, des enfants.

[Fortier]

La phase 3 c'est quoi? Deux tours à bureaux ou un centre d'achat?

[WestAust]

La phase 3 c'est quoi? Deux tours à bureaux ou un centre d'achat?

 

De l'article mis plus haut:

Phase III will consist of a tower with 277 residential units and office spaces covering an area of 117 000 square feet, along with commercial space on the first two floors. It will be located on Peel Street north of Wellington Street. Construction will begin in the spring of 2012.

 

Dans l'article qui couvrait cette nouvelle dans les affaires, ils mentionnent également une phase 4 qui est en préparation mais pas assez avancée pour l'annoncer

 

En outre, Devimco travaille sur une quatrième phase du District Griffin. « Nous attendons d’être plus avancés avant de faire des annonces. »

http://www.lesaffaires.com/secteurs-d-activite/immobilier/district-griffin--736-m-en-investissements/534158

[SKYMTL]

VERY exciting but that hotel reminds me of the one at Dix30; which is to say it is a bit too imposing and monolithic for my liking. Especially in a residential area.