ville-marie 895 De la Gauchetière (Gare Centrale) - ?? étages

[ToxiK]

4 hours ago, YMQ said:

Too bad the population of Quebec is less than 2% in North America. You should stop putting your head in the sand, and realize that silly nonsense as bonjour/hi just kills investment sentiment...especially when investment is coming from outside the tiny borders that is Quebec. This is a simple concept and I must confess you're a pretty smart guy. 

This architecture is a bit boring and this is a PRIME location. Montreal's $/sq feet doesn't command top dollar and there we're not going to get crazy innovative here, but I'm hoping for something better than what we see her (although preliminary).

1: I responded to the Bonjour/Hi debate in that old thread in the politics forum.  Let's debate that topic there instead of here:

2: I also hope it is just a render to give an idea of the possibllities, not their idea of what the final design should look like.

Modifié 7 octobre 2019 par nephersir7
mis à jour le lien

[Alexcaban]

Something like Vancouver House in that spot would be amazing.

 

[Dominic723]

Il y a 13 heures, LeOkada a dit :

My, my! Even Rocco is here, this is so much better than skyscraperpage

Mais pour revenir au sujet, niveau parking, il va se passer quoi ? Je présume qu'on pourra pas faire un parking sous-terrain, du coup, ils vont sûrement le mettre à l'étage, mais ça sera pas désastreux niveau Street level ? On pourra pas avoir des belles vitrines pour un hôtel et j'ai peur d'avoir un terrible blindwall 

Ils vont garder le stationnement étagé existant (partie sans fenêtre dans le bas du rendu), je crois qu'il a été conçu pour recevoir un immeuble au-dessus. On dirait que le débarcadère ne sera pas aussi ''profond'' dans le bâtiment, donc un agrandissement de la salle des pas perdus ? J'espère, car le stationnement au niveau de la Gauchetière est sombre et très peu accueillant  pour une gare.

[IluvMTL]

https://renx.ca/cominar-plans-major-residential-developments/?fbclid=IwAR2c4lPuIIdw14vCLpMpj40iSwzn42t-TCFPojjPVjeme49urIcJzlC1R5w

Cominar ‘in transformation’, plans major developments

 REITs

 Redevelopment

 Strategy

Danny Kucharsky

Commercial 

Oct. 8, 2019

An artist’s rendering of Cominar REIT’s proposed redevelopment at Montreal’s Gare Centrale (Central Station). (Courtesy Cominar)

Cominar REIT plans to add as many as 1,800 residential units to its largest property, Gare Centrale (Central Station) in downtown Montreal.

Central Station is just one of 10 Cominar properties in Quebec which offer intensification opportunities with a potential of close to 10,000 residential units, the REIT says.

“Gare Centrale is an asset with extraordinary potential,” said Marie-Andrée Boutin, executive vice-president, retail and development at Cominar REIT (CUF-UN-T). She was speaking at the Montreal Real Estate Strategy and Leasing Conference on Oct. 2.

“Cominar is in transformation right now,” Boutin added.

Cominar forms development task force

In a subsequent presentation to institutional investors and strategic initiatives update on Oct. 4 in Toronto, Cominar announced it has formed a task force to explore options to maximize the value of Central Station and other properties.

Central Station, with 1.726 million square feet of gross leasable area, is “one of the best development sites in the country,” according to Cominar.

It has six distinct segments, of which four are generating net operating income (NOI): CN Tower with 649,000 square feet of office space; railway leases for commuter trains, VIA Rail and Amtrak; parking; a retail gallery with 45 stores; air rights; branding and advertising.

Central Station has annual traffic of 50 million people and provides direct access to Montreal’s underground city and the Bonaventure Métro station. 

Other intensification prospects

Aside from Central Station, a number of Cominar properties in the Montreal area have the potential to house residential units, the REIT says: Champlain shopping centre (1,100 residential units), Place du Commerce (1,200 units), Place Longueuil (500 units), Montenach shopping centre (500 units), Centropolis (500 units) and Quartier Laval (2,500 units).

Cominar REIT CEO Sylvain Cossette. (Courtesy Cominar)

In the Quebec City area, Îlot Mendel could accommodate 1,000 residential units and Carrefour Charlesbourg has the potential for 150 units. Galeries de Hull in Gatineau could also house 300 units.

Cominar told investors it is conducting ongoing discussions with urban planners, architects and municipalities, though some properties would require zoning changes to accommodate housing.

A “deep dive analysis” of the optimal strategy is underway on a case-by case-basis that could involve the sale of air rights, standalone development projects or partnerships.

Cominar’s strategic plan for long-term value creation, includes growing NOI, optimizing the portfolio and strengthening the balance sheet, CEO Sylvain Cossette and executive vice-president and chief financial officer Heather C. Kirk told investors.

It plans to optimize its portfolio by capitalizing on its strength in Montreal and on its industrial portfolio, among other things.

The REIT has 129 industrial properties in Montreal with 12 million square feet and a value of $1.059 billion.

Its office portfolio in Montreal numbers 50 properties with 6.6 million square feet and a value of $1.5 billion. On the retail front, its marquee retail properties in the city include Alexis Nihon Plaza, Rockland Mall, Centropolis and Centre Laval.

Properties near future transit stations

At the Montreal Real Estate Strategy and Leasing Conference, Boutin said Cominar has a number of properties near stations of Montreal’s upcoming REM light-rail system which could be densified into housing and some office towers.

The process is underway, she said.

Cominar also has a number of Quebec City assets near the new tramway and trambus system slated for completion in 2026.

Overall, 32 per cent of Cominar’s asset value (or $2 billion) is close to future transit system networks in Montreal and Quebec City, the REIT says.

Speaking to investors in Toronto, Boutin added its retail portfolio has a number of growth opportunities. The redevelopment of former Sears stores offers the opportunity to increase NOI and net asset value and enhance the REIT’s retail tenant mix, she said.

So far, 68 per cent of former Sears spaces have been leased and will generate 56 per cent higher rental income, Boutin said.

Cominar also has a “meaningful opportunity” to enhance its food offering, which currently accounts for only 5.9 per cent of its total retail leasable area.

Cominar’s new “people-oriented” image

Boutin said the trust will increase its focus on specialty leasing, including pop-ups, start-ups, lucrative events, branding and advertising revenue.

Cominar has also announced a new “people-oriented” brand image dubbed “People Forward.”

The company says the new vision will help it transform from a functional brand to a relational brand and “from a company that leases out space to a creator of living environments.”

Cominar shares on the TSE closed at $13.76 on Monday, a $0.38 (or 2.84 per cent) increase from the previous day’s trading.

BMO Capital Markets analyst Jenny Ma raised the price target on Cominar to $15.50 from $14 following the REIT’s investor day. 

Analysts at National Bank on Monday also raised its 12-month target price to $16 maintaining an “outperform” rating on the stock.

[MtlMan]

Greenlobster nous avait averti! De grosses choses s'en venaient. Il avait même dirigé notre attention sur ce terrain.

Vive le Homard Vert!

[KOOL]

Je retiens trois choses intéressantes :

1) Le promoteur semble vouloir y aller au max de la hauteur et ça changera drastiquement l'allure cette partie du centre-ville quasi-inchangée depuis les années soixante, abstraction faite des deux «fatties» sur De la Gauchetière apparues au début des eighties.

2) Le rendu est préliminaire mais j'espère qu'ils vont garder l'idée du jeu des volumes avec trois tours de hauteurs différentes, ça va un peu endiguer la prolifération des tours jumelles à Montréal. Le podium est cependant hideux.

3) Comme certains l'ont déjà mentionné, ça va effectivement boucher une bonne partie du fameux «trou». 

 

[jesseps]

Cominar REIT has hired bankers to explore options -- including a possible sale -- for Montreal’s main railway hub as its strives to boost valuations, according to people familiar with the matter.

Courtesy of Bloomberg

https://www.bloomberg.com/news/articles/2019-10-10/cominar-reit-said-to-hire-banks-for-montreal-train-station-sale

 

[FrancSoisD]

On 2019-10-14 at 9:02 AM, jesseps said:

Courtesy of Bloomberg

https://www.bloomberg.com/news/articles/2019-10-10/cominar-reit-said-to-hire-banks-for-montreal-train-station-sale

Voici l'article de @jesseps pour les intéressés, dans lequel il est mentionné que Cominar réfléchissait à vendre la gare centrale, puis dorénavant à diversifier et surtout densifier son ensemble immobilier.

Il ne serait pas étonnant non plus que des offres d'achat "agressives" leur parviennent de la part de promoteurs bien rodés en matière de grands projets mixtes, et puisque Cominar souhaite se consolider... Bref: le rendu en tête de fil pourrait fortement évoluer (pour le mieux, souhaitons-le) au cours des prochains mois!

Quote

Cominar REIT has hired bankers to explore options -- including a possible sale -- for Montreal’s main railway hub as its strives to boost valuations, according to people familiar with the matter.

The Quebec City-based REIT hired advisers including Bank of Montreal to examine a potential sale of Central Station, according to the people, who asked not to be identified because the matter is private. Given the complexity of the mixed-used site, Cominar is exploring other options such as densification, the people said. Representatives for Cominar and BMO didn’t respond to requests for comment.

The historic Montreal subway and Via Rail station complex, located at 895 Rue de la Gauchetiere Ouest, serves an inter-city and commuter hub for about 50 million people a year and is located in the heart of Canada’s second-biggest city.

The station opened in 1943 and is the headquarters for Canadian National Railway Co., Canada’s largest railway. The complex around the rail hub consists of two office towers, retail and industrial space with more than 1.7 million square feet. Cominar, the largest commercial property owner in Quebec, has operated the station since 2012.

Cominar announced last week it set up a task force to explore options to “maximize the value” of the property -- its largest asset -- part of a strategic review of its portfolio to reduce leverage to about 50% of debt to assets.

The REIT has more than 300 assets in its portfolio including office, retail and industrial totaling 36 million square feet across the Montreal, Quebec City and Ottawa regions. Its shares have dropped by almost a third in the past five years, lowering its market value to C$2.5 billion ($1.9 billion).

The potential sale would be one of many transactions in Montreal this year. Allied Properties REIT bought a large office tower downtown from Dream Office REIT, while Bentall Kennedy LP purchased another key tower from two Canadian pension funds.

 

[Tony AKA]

J'espère que la CN va se construire un nouveau Headquarters pour que l'on puisse démolir l'édifice actuel qui est pour moi l'un des édifices les plus horrible à Montréal.

[danny12345]

5 minutes ago, FrancSoisD said:

Voici l'article de @jesseps pour les intéressés, dans lequel il est mentionné que Cominar réfléchissait à vendre la gare centrale, puis dorénavant à diversifier et surtout densifier son ensemble immobilier.

Il ne serait pas étonnant non plus que des offres d'achat "agressives" leur parviennent de la part de promoteurs bien rodés en matière de grands projets mixtes, et puisque Cominar souhaite se consolider... Bref: le rendu en tête de fil pourrait fortement évoluer (pour le mieux, souhaitons-le) au cours des prochains mois!

 

Je verrais bien Ivanhoé-Cambridge faire une offre, considérant qu'ils pourrait travailler mains dans la mains avec CPDQi et le REM / viaduc.

 

 

5 minutes ago, Tony AKA said:

J'espère que la CN va se construire un nouveau Headquarters pour que l'on puisse démolir l'édifice actuel qui est pour moi l'un des édifices les plus horrible à Montréal.

Oublie-ça tout de suite.  Les terrains à Montréal ne sont pas assez rare pour démolir un immeuble de 15 étages relativement récent et tout rénové.  Ceci dit le CN pourrait très bien justifier à lui-seul la moitié d'un HQ comme la BNC (200 mètres), voir plus... mais l'ancien immeuble demeurerait.