Univers Condos - 25, 45 étages (2013)

[LaRonde]

Haha! Merci, Cataclaw.

[MARTY]

Hey guys maybe some hope ...just recently (August 6,2010) on the Sqare Foot Site....

 

Check out the video. Sorry I could not locate the original thread for this project...

 

 

Place University St-Jacques, a strategic location

 

Strategically located, Place University St-Jacques is one of the largest available land sites in downtown Montreal's Quartier International, with a surface area of 140,000 sq.ft. The site provides a sought after University Street address. Gary E. Polachek and Richard Poirier of Magil Laurentian explain the advantages of this development project.

 

It is an ideal location for a build-to-suit, two-phased office or mixed-use complex, offering the possibility of large floor plates of more than 50,000 sq.ft. and a potential of 1.7 million sq.ft. of gross rentable area. on August 6, 2010

 

http://www.thesquarefoot.ca/content/news/100806/Place-University-St-Jacques--a-strategic-location

 

:stirthepot::stirthepot:

Modifié 10 août 2010 par MARTY

[vanatox]

Dans le vidéo, on ne voit que la première proposition qui est montrée. Peut-être que c'est elle qui a été choisie finalement? Je n'ai pas de problème avec ce choix

[Habsfan]

Richard Poirier est un gars assez correct. Je le connais assez bien. C'est encourageant de voir Magil faire la promotion de leurs projet malgré la morosité du marché Montréalais!

[MARTY]

HABSFAN.....Richard Poirier est un gars assez correct. Je le connais assez bien. C'est encourageant de voir Magil faire la promotion de leurs projet malgré la morosité du marché Montréalais!

 

 

AN HONEST QUESTION FROM A REAL ESTATE INDUSTRY OUTSIDER

 

HABSFAN: Why are Colliers and others more optimistic than you and some other people involved in the industry??

 

Colliers International |MONTREAL

 

The Knowledge Report

 

OFFICE | FIRST QUAUARTER | 2010

 

Sunnier skies ahead for Montreal off ice market

 

The global credit crisis set in 18 months ago, and we are now seeing positive signs that support the notion that an economic recovery is underway. Chief among these signs is the refreshing overall positive net absorption posted over this 1st quarter of 2010 in the Greater Montreal Area (GMA); after several consecutive quarters in the red, the Montreal office market added 105,583 square feet of occupied space to its inventory this quarter, thanks in large part to especially sturdy performances by the West Island and Old Montreal submarkets. Going into the recession, the downtown office market was very tight, with a 4.8 % vacancy rate; despite the delivery of 860,000 square feet of new space in the Centre-West submarket for Bell Canada, which consolidated all of its Montreal operations in Verdun, the overall Downtown market vacancy rate remains quite low at 6.9%, and the average asking rental rate sits at $13.68 per square foot.

 

The suburban office market continued its trend of moderate positive growth this quarter, boosting its occupied space by 34,310 square feet and witnessing a corresponding 0.1% dip in its vacancy rate (which closed the quarter at 9.0%). The real story, though, is that this quarter, for the first time since the effects of the recession began to make themselves felt, the Downtown market (which includes Old Montreal) outperformed the suburban market on all fronts. In the 4th quarter of 2009, the Downtown market was responsible for 83% of the GMA’s total negative net absorption; this quarter, it was responsible for nearly 68% of the GMA’s overall positive net absorption. As we enter 2010, therefore, absorption and rental rates are both trending upward—if only slightly—across the board.

 

Supply considerations: sublets and new developments

Total available sublease space in the GMA increased by 26,815 square feet this quarter, while the increase in total sublease space that is actually vacant rose by just over 20,000 square feet. The overall net increase in available and vacant sublease space is due to an expanding offering in the suburbs; the downtown sublet market actually shrank by more than 16,000 square feet. The GMA-wide proportion of available sublease space that is actually vacant sits at just over 31%, but this could change over the long term: over 60% of sublets downtown have less than two years of remaining term, while 75% of these terms are up in the next three years.

 

FORECAST

 

Although there are more alternatives for tenants today as

a result of the Bell relocation and the recession, we anticipate

a quick tightening of the market by late 2010/early

2011 with accompanying increase in rents. These conditions

begin to look favourable for new construction in the

downtown core, but we also believe there are good alternatives

that are shelf-ready to accommodate users seeking to

maintain or reduce costs despite the fact that the market is

tightening (for example, the Chabanel redevelopment by

PSP-Dayan, and 5800 St-Denis).

 

DOWNTOWN

 

The Downtown market started 2010 off on the right foot,

registering its first overall positive net absorption in several

quarters. Occupied space in this market shot up by 71,273

square feet over the first quarter, due chiefly to the Old

Montreal submarket’s strong performance. While over

the 4th quarter of 2009, this submarket was second only

to the Downtown Core in the loss of occupied space, this

quarter it led the way among Downtown sectors in positive

absorption, adding 51,340 square feet of occupied space to

its inventory. Once again, the Downtown Core posted the

least encouraging numbers—shedding 8,279 of occupied

space—but this time around, it was the only Downtown

submarket to experience negative net absorption. The

Downtown East sector continued its trend of modest positive

absorption, with 22,172 of occupied space coming online

over the first quarter of the year, while the Downtown

West sector pulled itself out of the hole to register 6,040

square feet of freshly occupied space.

Whereas at the close of the last quarter of 2009, the Downtown

East submarket was the only one whose vacancy

rate was moving in the right direction, at the close of the

1st quarter of the new year, the situation is reversed: only

the Downtown Core’s vacancy rate increased, and only by

0.1%. The drops in vacancy rates across the three other

Downtown sectors were more significant than this slim

increase, ranging from 0.3% to 0.7%. Given the relative

volume of the Downtown Core’s inventory, however, only

0.2% was shaved from the Downtown Market’s overall

vacancy rate, which closed the quarter at 6.9%.

As is to be expected during the early stages of a recovery,

rents have stabilized and landlords are still cautious but

we expect increased upward pressure on rents as landlords

become more confident that economic expansion is sustainable.

The Downtown sublease market tightened even more

throughout the 1st quarter, with its vacant space dipping

from 229,071 to 212,733 square feet, resulting in a 0.1%

decrease in the vacancy rate, which closed the quarter at

0.4%. The Downtown East and West sectors are largely

responsible for this trend, with combined vacant sublease

space in these submarkets decreasing by more than 20,000

square feet.

 

[Habsfan]

Marty, you need to chill!

 

I said morose, because even though Montreal had a very, very tight real estate market (between 2003 and 2007) no new buildings went up. The Vacancy rate downtown had fallen to historical lows(5 or 6% depending on who you read) and even that wasn't enough to get new towers going.

 

Maybe this time it'll be different, but I wouldn't hold my breath if I were you!

Modifié 11 août 2010 par Habsfan

[Gbx]

Marty, you need to chill!

 

I said morose, because even though Motreal had a very, very tight real estate market (between 2003 and 2007) no new buildings went up. The Vacancy rate downtown had fallen to historical lows(5 or 6% depending on who you read) and even that wasn't enough to get new towers going.

 

Maybe this time it'll be different, but I wouldn't hold my breath if I were you!

 

True, not only new constructions depend on the actual condition of the market but also on the expectation that the market will be even more tight in a 2-3 years horizon. This hasn't happened yet.

[vincethewipet]

Les stationnements que l'on espère voir disparaître très rapidement:

 

[Cataclaw]

Prochain site à développer:

 

http://maps.google.ca/maps?hl=en&ie=UTF8&ll=45.498978,-73.561283&spn=0.002361,0.006866&t=k&z=18&layer=c&cbll=45.498453,-73.560359&panoid=C5gF5efQLk2g8bdjT63-Ig&cbp=12,329.73,,0,-11.9

 

(C'est tellement affreux ce Bureau en Gros en plein centre-ville... on se croirait en banlieu.)

[rufus96]

Est-ce qu'il avait quelque chose annoncant la construction ou meme un locataire?