ville-marie Tour des Canadiens - 50 étages

[WestAust]

Nombres d'étages = Nombres de victoires des Canadiens 2012-2013

 

Ca serait quand meme mieux que nombre de but de Gomez en 2 ans

[Davidbourque]

s'il gagne 40 partie et en perde 15 en prolongation/fusillade, ça fait quand même 95 points et de bonne chance de faire les séries ! 48 victoire, c'est les séries assuré !

[mamakin]

Tower would add to vibe at Bell Centre

 

By Allison Lampert, The Gazette July 12, 2012 10:11 PM

 

With a flurry of previous and pending announcements promising more than 1,700 condo units, hotel rooms, a sports bar and a new LEED Platinum office tower around the Bell Centre, Montreal’s downtown could one day look more like Cadillac Fairview Corp. Ltd.’s Maple Leaf Square in Toronto than a slew of empty lots.

 

MONTREAL - A decade ago, the area around Toronto’s Air Canada Centre, now a bustling mix of residential, office and retail developments, resembled the parking lots that surround Montreal’s Bell Centre.

 

But with a flurry of previous and pending announcements promising more than 1,700 condo units, hotel rooms, a sports bar and a new LEED Platinum office tower around the Bell Centre, Montreal’s downtown could one day look more like Cadillac Fairview Corp. Ltd.’s Maple Leaf Square in Toronto than a slew of empty lots.

 

On Monday, a fourth residential tower on the site of Centennial Plaza, with hundreds of condo units, and a sports bar similar to the popular Real Sports bar and grill in Toronto’s Maple Leaf Square, is to be announced by developers Cadillac Fairview and Canderel, Habs principal owner Geoff Molson and equity partner, the Quebec Federation of Labour’s Fonds de solidarité.

 

“I don’t know about the project,” Bernard Marcotte, senior managing director of Cushman & Wakefield Ltd. in Montreal, said, “but if (what you’re telling me) is true, this is a coup for Montreal and for Cadillac Fairview. The Real Sports Bar concept in Toronto is thriving.”

 

Montreal’s real estate community is hailing the transformation of the Bell Centre area, said to be the vision of Cadillac Fairview chief executive John Sullivan, who once worked as a project manager on the development of 1250 René Lévesque at the corner of Stanley St., when he was at Marathon Realty Co. Ltd., the former real estate wing of Canadian Pacific Ltd.

 

But some industry observers warn that announcements of future large residential projects, even developed over several years, risk flooding a downtown market that’s already having difficulty absorbing condos that are under construction or recently completed. For the first time this week, two analysts forecast a soft dip in Montreal condo prices in 2013 if starts continue at record levels for a third year, and resale inventory continues to grow.

 

Unlike the smaller buildings with 100 units or less being built around Montreal Island – generally a healthy and balanced market for new condos – downtown projects tend to be riskier, because they are larger, said Hélène Bégin, senior economist at Desjardins Economics.

 

“In Quebec, it’s very rare to see prices drop; we have a very stable real estate market,” said Bégin, who published a report this week on Quebec’s condo market. “But it’s sure that together, all these different announcements are becoming a cause for worry downtown. Land is rare, land is expensive, so we’re building higher and bigger. The bigger the project, the more difficult to sell all the units.”

 

In takes 17 months for the market to absorb unsold condos that have either been completed – along with condos under construction – in the downtown area, compared with 10 months for Montreal Island as a whole, she said.

 

And in 2012, 645 condos were started in downtown Montreal between January and April, the highest number for that period since 2004, Bégin said.

 

Anthony Broccolini, managing director of Broccolini Construction, who announced the 50-storey l’Avenue mixed condo and hotel project last week, said he believes the demographics of the Montreal market, along with some interest from investors, will support the condo construction around the Bell Centre.

 

Paul Cardinal, director, market analysis, at the Fédération des chambres immobilières du Québec, said the real estate board is expecting condo prices to grow more slowly next year, but not drop.

 

“It’s not what we see right now,” he said in an interview. “It’s a possibility that there could be some over- construction in certain neighbourhoods, but that’s not certain right now.”

 

Today’s real estate market is far healthier from the mid-1990s when condo prices dropped six per cent in one year, mostly because of the economic recession and over-construction from the late 1980s, he said.

 

Cardinal said the Federation hasn’t done an analysis on the impact of the 1995 referendum on real estate prices, although some analysts have said the drop in consumer confidence and the departure of several anglophone Montrealers was a contributing factor to declining home prices at that time.

 

alampert@montrealgazette.com

[Rocco]

Tower would add to vibe at Bell Centre

 

By Allison Lampert, The Gazette July 12, 2012 10:11 PM

 

Cardinal said the Federation hasn’t done an analysis on the impact of the 1995 referendum on real estate prices, although some analysts have said the drop in consumer confidence and the departure of several anglophone Montrealers was a contributing factor to declining home prices at that time.

 

alampert@montrealgazette.com

 

Les promoteurs doivent donc se croiser les doigts que Charest soit réélu en septembre, sinon......

[peekay]

Les promoteurs doivent donc se croiser les doigts que Charest soit réélu en septembre, sinon......

 

Yup. that's the big elephant in the room.

[SKYMTL]

More info from Financial Post:

 

Announcement on MONDAY

 

14 floors with 400 parking spots, resto and fitness center

 

47 floors with condos

 

Total: 61 floors!!!!!

 

197 meters high

 

$160 million+++

 

 

Rest of article:

 

MONTREAL — Cadillac Fairview Corp. is setting its sights on hockey fans again in an attempt to sell real estate. But this time, it’s targeting partisans of the game’s most decorated professional team — the Montreal Canadiens.

 

The Toronto-based real estate investor is partnering with the Canderel Group, labour fund Fonds de Solidarité FTQ and the Molson family-controlled Canadiens hockey club to build a new residential skyscraper attached to the city’s downtown Bell Centre, home of the Habs.

 

Details of the plan are to be unveiled Monday, but according to project applications filed with the City of Montreal, the general concept is strikingly similar to Cadillac’s Maple Leaf Square development in Toronto – a residential condo tower linked to the hockey arena with a busy sports bar, restaurant and option for a high-end hotel.

 

Cadillac’s Montreal project, known in city documents as the Tour Avenue des Canadiens, would be among the three highest in the city, topping out at an estimated 197-metres and with a construction cost projected at more than $160-million. Under municipal rules, no building in Montreal can be higher than Mount Royal at 232.5-metres.

 

“Let’s face it: Hockey is king in this country,” said Ben Myers of Urbanation, a condo-market research firm in Toronto. “People here want to buy into anything that’s associated with the Toronto Maple Leafs.”

 

Cadillac’s Montreal sports-branded condo development may have similar success for the same reason. Over their 100-year history, the Canadiens have won 24 Stanley Cup championships, more than any other franchise. They are the last Canadian team to win, in 1993.

 

The first 14 storeys of the Montreal tower will house a bar, a restaurant, a fitness centre, interior parking for 400 vehicles and a sky lobby to access the condos above, according to a project description filed with the city. Above that will be 47 storeys for 700 private residences although a hotel may be added that would reduce the condo count.

 

Toronto’s Maple Leaf Square has two towers of 50 and 54 storeys, respectively. At more than $450 per square foot, people in the industry were shocked at the prices the developers were charging when they went up for sale in 2006, said Mr. Myers. But all the units were sold and now command prices upward of $650 per square foot.

 

“Basically, they’ve created a neighbourhood there,” said Rajani Kamath, director of corporate communications for Maple Leaf Sports and Entertainment, who was involved with the launch. “It was about creating a destination. That was the concept.”

 

So what did Toronto hockey fans get for their real estate investment other than proximity to their favourite team? After all, condo owners had access to a private box at games but still had to pay for the privilege.

 

Maybe simply being at the centre of the action, which doesn’t necessarily have any measurable value.

 

“I think the area [around the Bell Centre] has already got a buzz. But this is going to put that buzz on steroids,” said Bernie Marcotte, senior managing director of real estate consultancy Cushman & Wakefield Ltd. in Montreal.

 

Mr. Marcotte stressed that he has no personal knowledge of anything to be announced Monday. Other officials with the real estate partners involved in the project declined to comment.

 

Cadillac’s announcement comes amid a significant expansion in condo apartment construction overall in Quebec, which is raising concerns that prices are set to drop if demand slows. At least one other developer, Broccolini, has announced plans for a condo tower in the immediate Bell Centre area.

 

Economists at Desjardins said in a July 10 report that while the existing market in Montreal is balanced overall, there is already a surplus of units priced over $800,000.

 

“The situation is relatively healthy,” the economists said. “There are several signs, however, that construction has already reached excessive proportions in downtown Montreal, on Nun’s Island, in a sector in Laval and a zone on the south shore. If housing starts in these areas do not slow down, the risk of a local price decline is very real.”

[bxlmontreal]

Je crois qu'ils sont en retard d'une 'guerre' avec l'hôtel etc..et 61 étages(malheureusement).

Ou alors c'est une énorme surprise mais j'y crois pas à cette version qui correspond à la toute

première demande à la ville..wait and see monday.

[FrAgZ]

Hmmm intéressant ! Si ce projet monte vraiment à 61 étages WOW ! Je ne me rappel plus si au tout début on parlait de 14 étages de parking + 47 de condos ? Ce que je lis plus haut à part l'hôtel fait pas mal de sens quand même !

[monctezuma]

More info from Financial Post:

 

Announcement on MONDAY

14 floors with 400 parking spots, resto and fitness center

47 floors with condos

Total: 61 floors!!!!!

197 meters high

$160 million+++

...

Cadillac’s Montreal project, known in city documents as the Tour Avenue des Canadiens, would be among the three highest in the city, topping out at an estimated 197-metres and with a construction cost projected at more than $160-million. Under municipal rules, no building in Montreal can be higher than Mount Royal at 232.5-metres.

 

...

 

The first 14 storeys of the Montreal tower will house a bar, a restaurant, a fitness centre, interior parking for 400 vehicles and a sky lobby to access the condos above, according to a project description filed with the city. Above that will be 47 storeys for 700 private residences although a hotel may be added that would reduce the condo count.

...

 

Je crois qu'ils sont en retard d'une 'guerre' avec l'hôtel etc..et 61 étages(malheureusement).

Ou alors c'est une énorme surprise mais j'y crois pas à cette version qui correspond à la toute

première demande à la ville..wait and see monday.

 

Hmmm intéressant ! Si ce projet monte vraiment à 61 étages WOW ! Je ne me rappel plus si au tout début on parlait de 14 étages de parking + 47 de condos ? Ce que je lis plus haut à part l'hôtel fait pas mal de sens quand même !

 

Attention, l'article indique bien que leur source est le document d'approbation de projet de la ville. Oui, le projet a été approuvé pour 61 étages par la ville, mais a ensuite été revu à la baisse, ce que l'article ne mentionne pas!

[Habsfan]

Je crois que nous devrons patienter jusqu'à lundi. J'ai l'impression que le 61 étages n'est pas le bon chiffre.