Future Montreal projects + Econ updates (sale, to rent, to buy)
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Three condo projects finally broke ground near the Bell Centre area, with a fourth being planned as well. Of the three that broke ground, they range from 23-45 stories and will add 1,169 units within this area. What's crazy is the Bell Centre cluster from Guy-Drummond has probably added around 5-6K units since the completion of projects in 2015/16 and there's a few thousand more to come.
Edit: I forgot about Roccabella phase 3, which seems to be greenlit as well, so that's +196 units. It will be in between Roccabella 2 and L'avenue and will be 110m apparently. This is our "mini Manhattan".
The project, announced in November 2018, has generated enormous interest, with 75% of the 438 condominium units in the first tower sold in just a few months. With strong demand from buyers for the first tower, the partners used the timing of the groundbreaking ceremony this morning to officially announce the launch of sales for the second tower, which is to comprise 611 condos and 340 rental units.
Jesus I haven't updated this thread in a long time.
[to sum up last time to today]
1. More condos/offices 200m+ broke ground or U/C
2. Google 800 jobs in MTL, expanding office (early 2020)
3. Sonder 700 jobs ($140k salary) (late 2020)
4. FDI in MTL 2020 = between $2.2-$2.4 billion
5. French startup Emeraude Escapade chooses MTL to establish N.A office.
6. REM de l'Est project
Pretty sure I missed a ton, but still, quick and much needed update lol.
900 St. Jacques (to the left) has broken ground. 62-floors, 200 metres tall. It is the third tower 200 metres U/C in that area and will be the 4th overall within that stretch of downtown. By 2023-2025, Montreal would have gone from 1 building over 200 metres tall to 6 200-205 metres tall.
Really wished they added retail/restaurants/anything on the ground level but it seems like there isn't any of that sadly.
Quebec announces $55 million in funding for Port of Montreal expansion
Quote:
Once the expansion is completed, the terminal will be able to accommodate 1.15 million containers.
Government projections estimate the terminal will create 1,000 jobs once it is fully operational. The total cost of the expansion is estimated at $750 million to $950 million
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