peekay Posted December 20, 2007 Share Posted December 20, 2007 FINANCIAL POST http://network.nationalpost.com/np/blogs/fpposted/archive/2007/11/15/the-rebirth-of-downtown-montreal.aspx Posted: November 15, 2007, 2:46 AM by DrewHasselback Montreal Downtown Montreal is going through a rapid revitalization that has seen the rise of condo towers, university buildings, hotels -- and major international retailers. Nowhere is this more apparent than the corner of Peel and Ste-Catherine, one of the city's busiest spots. "The corner has always had a certain amount of vibrancy," says Sam Sheraton, senior administrator for Montreal's Drazin family, which owns property near Peel and Ste-Catherine. "Now, it has become the central core of downtown Montreal." One-level retailers who once occupied 1,500-to 2,000-square-foot spaces and generated sales of about $400 to $600 per square foot are making way for bigger, multi-level stores that bring in twice as much. A large Roots store on the northeast corner of Peel and Ste-Catherine recently downsized and hot U.S. retailer American Eagle Outfitters moved in. On the northwest corner, a Guess store opens next month. Next door on Ste-Catherine is the year-old flagship store of Montreal's own Garage chain, one of Canada's top fashion retailers. And on the southwest side, several retailers, including a Rogers phone store and SAQ liquor outlet, are being relocated by the owner, to make way for a multilevel H& M store, industry sources say. (On the remaining southeast corner is an HMV store, in the same building as the Montreal Gazette and National Post bureau). Rumour has it Pottery Barn is looking for a location nearby. A few blocks to the west on Ste-Catherine, next to Ogilvy's, Apple is taking a space formerly occupied by a menswear store. Sean Silcoff Link to comment Share on other sites More sharing options...
Gbx Posted December 20, 2007 Share Posted December 20, 2007 The article doesn't say much but it's encouraging that a newspaper like the naional post convey such opinion about Montreal. Link to comment Share on other sites More sharing options...
Kilgore Trout Posted January 13, 2008 Share Posted January 13, 2008 Wow, this article is about 10 years late. Link to comment Share on other sites More sharing options...
Ornello Mastrocola Posted January 15, 2008 Share Posted January 15, 2008 10 years ago the downtown area was a baron wasteland of non productivity. Slowly but surely it's finally starting to pick up. Link to comment Share on other sites More sharing options...
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