Devimco asking the city for even more handouts than it has already received seems to finally be the last death-knell for this project. Other developers have been clammering over Griffintown to build their own schemes and were extremely angry with the city last year when the entire area was handed over to Devimco without asking any other developers. If the city does go through with Devimco’s demands, other developers will inevitably line up to say they can do it without the demands creating a less than ideal PR climate for City Hall (in an election year).
Boy, the crooks inside and out of City Hall must be livid...
Read more here.
Showing posts with label Devimco. Show all posts
Showing posts with label Devimco. Show all posts
Monday, March 09, 2009
Monday, March 02, 2009
Now Devimco wants city money
The comedy cavalcade that is Devimco continues, with word that they won't be able to continue the Griffintown project without city money...
Griffintown, un projet immobilier de 1,3 milliard amputé de 70% à cause de difficultés de financement, est toujours sur la table, assure M. Goulet en entrevue. «À 400 millions de dollars, c'est toujours un énorme projet pour Montréal», dit-il. Dans la partie située au sud de la rue Wellington, Devimco veut toujours construire des résidences «milieu de gamme», des bureaux et des commerces de proximité « de plus grande superficie que dans la rue Sainte-Catherine». Le projet, résidentiel à 90%, comprendra des logements sociaux et abordables.
Btw, the "author" of this piece, a one Éric Clément, seems just a little too fond of the project to be totally unbiased...
Just sayin'.
Read more here.
Griffintown, un projet immobilier de 1,3 milliard amputé de 70% à cause de difficultés de financement, est toujours sur la table, assure M. Goulet en entrevue. «À 400 millions de dollars, c'est toujours un énorme projet pour Montréal», dit-il. Dans la partie située au sud de la rue Wellington, Devimco veut toujours construire des résidences «milieu de gamme», des bureaux et des commerces de proximité « de plus grande superficie que dans la rue Sainte-Catherine». Le projet, résidentiel à 90%, comprendra des logements sociaux et abordables.
Btw, the "author" of this piece, a one Éric Clément, seems just a little too fond of the project to be totally unbiased...
Just sayin'.
Read more here.
Wednesday, February 18, 2009
Griffintown project dealt blow
Devimco spreads the bullshit (yet again), but it seems the Griffintown project will be much smaller.
Ha..ha ha...HAAHAHAHAHAHAHA.
It's ok, I'm back from rolling on the floor.
The pieces of the puzzle that make up the $1.3-billion redevelopment of Griffintown will be smaller and put together differently, but the picture they’ll create will be the same, provided the economy improves, the developer behind the stalled project insisted yesterday.
The public declaration by Devimco Inc. came in response to a fresh rumour that the venture is dead.
“The economic situation is difficult, and despite this we’re announcing we’re going ahead with our project,” Devimco spokesman André Bouthillier, said.
“There aren’t many other developers announcing good news these days.”
It's music to my ears.
Read more here.
Ha..ha ha...HAAHAHAHAHAHAHA.
It's ok, I'm back from rolling on the floor.
The pieces of the puzzle that make up the $1.3-billion redevelopment of Griffintown will be smaller and put together differently, but the picture they’ll create will be the same, provided the economy improves, the developer behind the stalled project insisted yesterday.
The public declaration by Devimco Inc. came in response to a fresh rumour that the venture is dead.
“The economic situation is difficult, and despite this we’re announcing we’re going ahead with our project,” Devimco spokesman André Bouthillier, said.
“There aren’t many other developers announcing good news these days.”
It's music to my ears.
Read more here.
Wednesday, February 04, 2009
Devimco: Let Griffintown go
It must be tough for the greedy officials in the Montreal City Hall, now that visions of delevopment wealth seem to be evaporating before their eyes....
Rumours of Griffintown's demise are exaggerated, Sud Ouest mayor Jacqueline Montpetit told residents at a borough council meeting last night.
"We are in intensive negotiations at this point, and there will be an announcement before long," she said.
Landowners, however, are under the impression the $1.3-billion plan to redevelop 10.2 hectares of a former industrial sector south of the downtown core is dead. And they want the city to lift a freeze on new permits to develop in areas slated to be expropriated as part of the project.
A group of landowners, called Association Immobilière Griffinoise, came to last night's meeting hoping to get answers about the fate of the project, which was announced with much fanfare by the city last year.
"I have been told several times by Devimco that they have no money and no plans to develop anymore," said Harvey Lev, who owns about two hectares of office space in the area, some of which is slated to be bought by Devimco. "But because of this project that no longer exists, the city has refused to issue any permits for businesses who want to rent from me, so I have lost about half of my tenants."
Read more here.
Rumours of Griffintown's demise are exaggerated, Sud Ouest mayor Jacqueline Montpetit told residents at a borough council meeting last night.
"We are in intensive negotiations at this point, and there will be an announcement before long," she said.
Landowners, however, are under the impression the $1.3-billion plan to redevelop 10.2 hectares of a former industrial sector south of the downtown core is dead. And they want the city to lift a freeze on new permits to develop in areas slated to be expropriated as part of the project.
A group of landowners, called Association Immobilière Griffinoise, came to last night's meeting hoping to get answers about the fate of the project, which was announced with much fanfare by the city last year.
"I have been told several times by Devimco that they have no money and no plans to develop anymore," said Harvey Lev, who owns about two hectares of office space in the area, some of which is slated to be bought by Devimco. "But because of this project that no longer exists, the city has refused to issue any permits for businesses who want to rent from me, so I have lost about half of my tenants."
Read more here.
Wednesday, January 21, 2009
Devimco does the obvious
Hahahahahahaha! Perhaps Montreal will be spared the bricked nightmare after all.
Whither Griffintown.
The company behind a $1.3-billion project to redevelop the forlorn neighbourhood south of downtown is drafting a scaled-down Plan B that could replace at least the first phase of its ambitious project.
City council gave Devimco Inc. the green light in April to redevelop the one-million-square-foot area.
However, turmoil in world financial markets has prompted the developer to think about reducing the project's $400-million first phase to something in the ballpark of $200 million, André Bouthillier, spokesman for the developer, said yesterday. Growing economic woes are also clouding the picture of when the project could be built, he added.
"There will be a project," Bouthillier said, adding the developer secured a $210-million financing package to buy up land in the area last year. "But what will the size of the project be? We're in the midst of reflecting on that. ... We're currently looking at an alternative scenario."
It will end up a Walmart and a drive thru McDonalds. They can't fuck that up...can they?
The Gods are rolling in the aisles.
Read more here.
Whither Griffintown.
The company behind a $1.3-billion project to redevelop the forlorn neighbourhood south of downtown is drafting a scaled-down Plan B that could replace at least the first phase of its ambitious project.
City council gave Devimco Inc. the green light in April to redevelop the one-million-square-foot area.
However, turmoil in world financial markets has prompted the developer to think about reducing the project's $400-million first phase to something in the ballpark of $200 million, André Bouthillier, spokesman for the developer, said yesterday. Growing economic woes are also clouding the picture of when the project could be built, he added.
"There will be a project," Bouthillier said, adding the developer secured a $210-million financing package to buy up land in the area last year. "But what will the size of the project be? We're in the midst of reflecting on that. ... We're currently looking at an alternative scenario."
It will end up a Walmart and a drive thru McDonalds. They can't fuck that up...can they?
The Gods are rolling in the aisles.
Read more here.
Tuesday, April 29, 2008
Council approves Griffintown plan
Cut the shit Montreal, you "approved" this months ago privately, quietly behind closed doors.
I grieve for Montreal and the suburban nightmare Devimco is about to unleash upon you.
Montreal city councillors last night approved a $1.3-billion residential and commercial project for part of the historic Griffintown neighbourhood in the Southwest borough.
A developer plans to build two big-box stores, a marina and 3,860 housing units, among other things, under a plan critics said lacked community input.
Marvin Rotrand and Warren Allmand, city councillors with Mayor Gérald Tremblay's Union Montreal party, voted against the measure, as did opposition councillor Richard Bergeron.
All other councillors present voted for the project. Construction is set for spring 2009.
I grieve for Montreal and the suburban nightmare Devimco is about to unleash upon you.
Montreal city councillors last night approved a $1.3-billion residential and commercial project for part of the historic Griffintown neighbourhood in the Southwest borough.
A developer plans to build two big-box stores, a marina and 3,860 housing units, among other things, under a plan critics said lacked community input.
Marvin Rotrand and Warren Allmand, city councillors with Mayor Gérald Tremblay's Union Montreal party, voted against the measure, as did opposition councillor Richard Bergeron.
All other councillors present voted for the project. Construction is set for spring 2009.
Friday, April 25, 2008
Devimco uses smoke and mirrors over Griffintown
The crap from Devimco and the City of Montreal continues over Griffintown.
They just don't get what a bad idea it is to turn a project of this size over to one developer, one who clearly has the esthetics of amateur suburbanites.
Developers of the proposed Griffintown project announced yesterday they will invest an additional $40 million to green up their project and make it more family friendly.
Devimco Inc. co-president Serge Goulet said the company is making the changes in response to public pressure and in hopes Montreal city council will approve the project as early as Monday's council meeting.
"We have listened to the people of the Southwest (borough) and we've accepted the challenges the city of Montreal demanded that we meet," Goulet said. "Our new project will be of an international scope and Montrealers will be proud of it."
Goulet said he hopes to begin construction in the summer of 2009, and to complete the project over about eight years.
So nothing has changed, they listened to no one.
Read more here.
They just don't get what a bad idea it is to turn a project of this size over to one developer, one who clearly has the esthetics of amateur suburbanites.
Developers of the proposed Griffintown project announced yesterday they will invest an additional $40 million to green up their project and make it more family friendly.Devimco Inc. co-president Serge Goulet said the company is making the changes in response to public pressure and in hopes Montreal city council will approve the project as early as Monday's council meeting.
"We have listened to the people of the Southwest (borough) and we've accepted the challenges the city of Montreal demanded that we meet," Goulet said. "Our new project will be of an international scope and Montrealers will be proud of it."
Goulet said he hopes to begin construction in the summer of 2009, and to complete the project over about eight years.
So nothing has changed, they listened to no one.
Read more here.
Wednesday, March 26, 2008
Griffintown project doesn't need the high density and commercial development
oh baby
...the borough and its professional team do not have the competence to oversee the development of this significant Montreal territory.
Translation: Yuk!
Much of this driven by suburban car culture. Many of these people couldn't care less if city streets are devoid of life (like the suburbs) as they drive everywhere and only walk around in malls and waterfronts. Condo development is also doing this to urban centers as well.
Read more here.
Thursday, February 07, 2008
Griffintown
The fight to keep Devimco from turning Griffintown in Montreal into a bland developers nightmare continues.
The proposed mega-development planned for Griffintown would rob the area of its unique character and turn it into another generic suburban development, a residents group has warned.
Chris Gobeil, a Griffintown resident and part of the committee for sustainable development in Griffintown, said the city should take the time to make a proper plan for the site rather than allowing one company, Devimco, to dictate what the area should look like.
"I can't say enough that I am totally in favour of redevelopment, but this plan of Devimco's just doesn't make any sense to me," Gobeil said.
The group held a brainstorming session last night to come up with alternative plans for the development to counter the Devimco project.
Of course Devimco has it's defenders...
"I think there is an advantage for one person to look over the whole project to make sure there is cohesiveness throughout, so you don't have one building with red bricks and a building next door with pink bricks"
Read more here. Read about a rather suspicious plan for a private U.S. hospital in the area here.
Hummmm...
Seems they see Griffintown as already a done deal...
Development of Griffintown is inevitable, Hakim [one of the developers] said.
"The downtown core has to expand and the only place it can expand is farther south," he said.
"This will become the new downtown core."
The proposed mega-development planned for Griffintown would rob the area of its unique character and turn it into another generic suburban development, a residents group has warned.
Chris Gobeil, a Griffintown resident and part of the committee for sustainable development in Griffintown, said the city should take the time to make a proper plan for the site rather than allowing one company, Devimco, to dictate what the area should look like.
"I can't say enough that I am totally in favour of redevelopment, but this plan of Devimco's just doesn't make any sense to me," Gobeil said.
The group held a brainstorming session last night to come up with alternative plans for the development to counter the Devimco project.
Of course Devimco has it's defenders...
"I think there is an advantage for one person to look over the whole project to make sure there is cohesiveness throughout, so you don't have one building with red bricks and a building next door with pink bricks"
Read more here. Read about a rather suspicious plan for a private U.S. hospital in the area here.
Hummmm...
Seems they see Griffintown as already a done deal...
Development of Griffintown is inevitable, Hakim [one of the developers] said.
"The downtown core has to expand and the only place it can expand is farther south," he said.
"This will become the new downtown core."
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